Bulgaria is considered to have a favourable tax regime as it has one of the lowest corporate income tax rates in the European Union.Description Bulgaria is favorable to companies not only of the favorable tax regime, but also of low costs of doing business and great access to different markets. Due to its locations Bulgaria provides a direct access to European Union, Turkey, CIS, Midd...
Path: Accounting...g an investment company and locating it on Cyprus, there is a possibility to use advantages of special Cyprus investment firm license. It allows founders or CEOs of companies to use all taxation advantages for their business. For example, except for corporate income tax of 12,5% you will be able to avoid capital gains taxes on the disposal of securities, use double tax treaties for your company an...
Path: Blog... of overseas business opportunities. Apple’s representative expressed the official position of the company. They indicate that moving subsidiaries did not affect their tax burden in any way and Apple remains one of the world’s largest taxpayers. corporate income tax, property tax, payroll tax, sales tax and other types of fees – all these payments are still processed by the company and they ...
Path: Blog...ependency, it is self-governing and not bound by the laws of the UK. The Island is famous as a low tax economy with zero capital gains tax, wealth tax, stamp duty, or inheritance tax. Also, the island is extremely favorable for business as it has 0% corporate income tax. It is considered as a banking and financial services hub with tourism also making a significant contribution to the economy.Inco...
Path: LicensingBulgaria is considered to have a favourable tax regime as it has one of the lowest corporate income tax rates in the European Union.Description Bulgaria is favorable to companies not only because of the convenient tax regime, but also of low costs of doing business and great access to different markets. The Bulgarian Accountancy Act requires that financial statements of th...
Path: AccountingThe CIT (corporate income tax) in Poland is a tax collected from legal entities and the PIT (Personal Income Tax) is collected from physical persons. The amount of CIT is based on the net income companies obtain exercising their business activity, and the PIT must be paid by every individual who obtains income, e.g. receives remuneration (under employment contracts or civil law agreements) often ...
Path: Blog..., if you wish to avoid it then please request a nominee service Directors' details – are part of the public record, if you wish to avoid it then please request a nominee service Taxation In general, a Dutch resident company is subject to corporate income tax on its worldwide income. However, certain income can be exempted or excluded from the tax base. Non-resident entities only have a...
Path: Companies...wards foreign direct investments.Timeframe: within 7 weeks Minimum paid up capital requirement: USD $2,000* Overview The most common legal entity in El Salvador is a Limited Liability Company (LLC). It is important to note, that corporate income tax rate in El Salvador is 30%, and applies to the total amount of the company’s revenues. However corporate income tax is based on...
Path: Licensing...ers appropriate given the nature, size, complexity and risk profile of the licensed undertaking) Senior representative approved by the BMA who will have reporting obligations to the BMA and who maintains an office in Bermuda Taxation No corporate income tax, personal income tax, VAT, withholding tax on dividends / interest / royalties; No capital gains tax (both corporate and indivi...
Path: Licensing... The company will be taxed on its chargeable income (including dividends, interests and other income but not capital gains less expenses) at a corporate rate of 15% which is reduced to a net effective tax rate of 3% or even less * *The standard corporate income tax rate is 15% in Mauritius. But for an offshore company which holds a Category 1 Global Business License, the tax rate is reduced t...
Path: Licensing...al information Company structure At least 1 shareholder (can be natural or legal persons, a legal person must be registered and be present in Czech Republic) At least 2 Executive directors (can be only natural persons) Taxation corporate income tax of Czech Republic – 19% (incl. capital gains from the sale of shares); Czech resident companies are required to pay corporate...
Path: Licensing...al information Company structure At least 1 shareholder (can be natural or legal persons, a legal person must be registered and be present in Czech Republic) At least 2 Executive directors (can be only natural persons) Taxation corporate income tax of Czech Republic – 19% (incl. capital gains from the sale of shares); Czech resident companies are required to pay corporate...
Path: Licensing...al information Company structure At least 1 shareholder (can be natural or legal persons, a legal person must be registered and be present in Czech Republic) At least 2 Executive directors (can be only natural persons) Taxation corporate income tax of Czech Republic – 19% (incl. capital gains from the sale of shares); Czech resident companies are required to pay corporate...
Path: Licensing...dentiality Beneficial owners' details – Not part of public record Shareholders' details – Details of shareholders are not available to the public Directors' details – Details of directors are publicly disclosed Taxation corporate income tax is imposed at both federal, communal and cantonal levels. The Federal effective tax rate is 7.83%. Each canton has its own ...
Path: Licensing...ternational trade and commerce. Hong Kong is not normally regarded as an offshore country as it is a famous for being a major financial centre, however, it is one of the few countries in the world that tax on a territorial basis. Many countries levy corporate income tax on a different basis and they tax the world-wide profits of a business, which includes profits derived from activities outside of...
Path: Companies...ty restrictions) At least 1 resident director (representative of the local office) A minimum of 1 local compliance officer (local compliance officer and an internal controller stationed at the company’s local office) Taxation 37.05% corporate income tax rate (including Corporate Inhabitant Tax) Withholding tax rates: 15% on Dividends, 20% on Interest, 20% on Royalties 8% Consu...
Path: Licensing...ant for a Type 3 license is required to submit the appropriate application to the Commission. Benefits of Hong Kong licensed corporation: Stability and reputation English is an official language, as well as the main business language No corporate income tax on foreign sourced income; No withholding tax on interest, dividends and royalty No requirement to maintain a local office ...
Path: Licensing... responsible for the licensing of all types of financial dealers in Bahamas. An applicant for a Forex License is required to submit the appropriate application to the Commission. Benefits of Bahamas Forex company: Complete Anonymity No corporate income tax No Personal Income Tax Dividend income from foreign investments is not taxable in the Bahamas Royalty income is not taxable...
Path: Licensing...th regards to citizenship or residence) At least 1 director (natural persons only, at least one local director or a resident of any enforcement country, who is a director of a company registered in that enforcement country) Taxation 28% corporate income tax rate 15 % Goods and Services Tax rate (GST, similar to VAT), not applied to residential rents and financial services Around 4...
Path: Licensing...lders' details – are part of the public record, if you wish to avoid it then please request a nominee service Directors' details – are part of the public record, if you wish to avoid it then please request a nominee service Taxation corporate income tax rate of 10% applies to the following sources of income only: income arising from banking business carried on by banks. Income a...
Path: Companies...ployees) Opportunity to outsource services locally and internationally (with FMS approval) General information Company structure Minimum 1 shareholder (individual or legal entity) Minimum 2 Executive directors Taxation corporate income tax of Czech Republic – 19%* *Czech resident companies are required to pay corporate income tax on income derived from outside...
Path: Licensing... Beneficial owners' details – disclosed to the authorities Shareholders' details – part of the public record Directors' details – part of the public record Taxation All companies registered in the Czech Republic are liable to corporate income tax. It is payable on worldwide taxable income and capital gains. The tax base is calculated from the accounting profit/loss shown on...
Path: Companies...al persons) A Representative At least 1 (preferably 2) Key Individuals A Compliance officer (we have a person to appoint) External auditor(s) TIimeframe The process may be very lengthy – approximately 1 (one) year Taxation corporate income tax – 28% No withholding taxes Capital gains tax - 18,6% Capital The FSP shall maintain current assets which are at lea...
Path: Licensing...who is a resident of Belize. Confidentiality Beneficial owners' details – Disclosed only with court decision Shareholders' details – Not part of public record Directors' details – Not part of public record Taxation 0% - corporate income tax Other benefits Belize tends not to disclose its banking or fiscal information. However, Belizean banks are FATCA compl...
Path: Licensing...th regards to citizenship or residence) At least 1 director (natural persons only, at least one local director or a resident of any enforcement country, who is a director of a company registered in that enforcement country) Taxation 28% corporate income tax rate 15% Goods and Services Tax rate (GST, similar to VAT), not applied to residential rents and financial services Around 40...
Path: Licensing...% VAT –0%. The EU internal deliveries and the export are free of VAT Personal income tax - 10% Bulgaria is a European Country so a Bulgarian Financial Services License or Forex License will allow you to operate in all EU Bulgaria has a 10% corporate income tax rates only Accounting requirements - Regular accounting and Audited accounts submission is required Registered offic...
Path: Licensing...al person or legal entity, no residency restriction) Minimum one limited partner (can also be natural person or legal entity, no residency restrictions) LP may be formed by one person being both general and limited partner Taxation No corporate income tax No withholding tax on profit received by partners outside of Canada Other benefits Availability of one-man limited p...
Path: Companies...tate of Latvia is rapidly making the most of its EU membership. Corporate tax rate is fixed at 15%, one of the lowest in the EU. Advantages of Limited Liability Company in Latvia: - High reputation - EU company - 15% corporate income tax, one of the lowest in the EU General information Company structure Only one shareholder (no nationality restriction) ...
Path: Companies...nationality or residency restrictions, can also be a shareholder) Taxation Nevada is an attractive jurisdiction in which to incorporate as sales tax applies only to products sold within Nevada and, unlike many other US states, there is no corporate income tax, no Corporate Franchise Tax and no Corporation Succession Tax. Secretary Not Required Registered Agent Required ...
Path: Companies...a Private Limited Company - fast and straightforward process - non-residents can hold the shares of Malta company - Malta is the member of the EU and Eurozone - not considered as tax haven and is not blacklisted - possibility to reduce corporate income tax rate to 5% General information Company structure At least 1 Shareholder (can be legal entity, no nationality restrictio...
Path: Companies...ed as 9th in the top of the World’s richest countries. At the same time, UAE is included in the top that lists the most convenient countries where to establish and maintain the business. Being in such an enviable position, UAE has introduced the 0-corporate income tax zone, which makes it even more attractive place for both new and experienced businessman. Both RAK and Ajman offshore zone offer ...
Path: Companies...taff: Min. 1 shareholder (can be legal entities or natural persons) Min. 2 directors (can be only natural persons) A Company Secretary At least 3 employees with respective education based in a local office in Bulgaria Taxation corporate income tax – 10% (the lowest rate in EU) VAT- 20% (EU internal deliveries and the export are free of VAT) Personal income tax – 10% ...
Path: Licensing