Labuan, a special region of Malaysia which addresses mainly to offshore companies and which provides an attractive taxation system, offers several types of banking licenses available for both local and foreign investors who want to establish a bank in this location.Timeframe: around 6-12 months Minimum paid up capital: MYR 10 million or its equivalent in any other currency ...
Path: LicensingMauritius Authorised Companies are not tax resident and do not have access to the Mauritius Double taxation Treaties and are generally used for trading and investment purposes.Incorporation: up to 4 weeks + delivery time for the courier Minimum paid up capital: US$ 1 Overview As of 1st January 2019, the Mauritius Financial Services Commission (FSC) has intr...
Path: CompaniesLimited Liability Company in an EU member-state, a great solution for regional headquarters or a holding company as well as intermediary operations. Speedy and comprehensive registration process and a lucrative tax regime, combined with double taxation treaties with more than 40 foreign jurisdictions.Incorporation: 5 working days + delivery time for the courier Minimum paid up capital...
Path: CompaniesUK Limited Liability Partnership is a flexible business tool for international companies with advantageous taxation for foreign partners, limited liability for members and no company structure requirements.Incorporation: 48 hours + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview Separated from the European continent b...
Path: CompaniesLow capital requirements, and favourable tax regime (including absence of indirect taxes) supported by a network of treaties on avoidance of double taxation make Labuan company a popular choice for incorporation of regional headquarters, e-commerce enterprises and Islamic Finance businesses.Incorporation: 7 working days + delivery time for the courier Minimum paid up capital: No ...
Path: CompaniesThe United Kingdom is one of the leading financial and business centres in the world. It is a significant jurisdiction for international tax planning. This country is known worldwide as a jurisdiction with a standard level of taxation.Description The country is thriving towards efficient and effective capital markets; therefore, it is important to them to have greater transparency in ...
Path: Accounting...a small island which nevertheless the relentless struggle has become one of the leading economic reformers in Africa and evolved to be an Upper Middle-Income country and turned economic growth into the development of the country. With its attractive taxation system it has become one of the chosen destinations of an international business opportunities.Description Global Business entiti...
Path: AccountingNo taxation on internationally sourced income and location in one of Asia’s most booming hubs make Hong Kong PLC a popular choice not only for investment.Incorporation: 3 working days+ delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview Positioned at the mouth of the Pearl River Delta on the coast of southern China, Hong Kong...
Path: Companies...parency and bank confidentiality. This means, business startups in St. Vincent and the Grenadines are able to enjoy all favors of offshore banking. Special Tax Information Exchange Agreements is an international act that allows business avoid double taxation, distribute tax obligations, share all information with tax authorities and remain confident in bank secrecy. Moreover, there is a strong ...
Path: Blog...**The main advantage of a local business is a corporate tax rate of 12% which is one of the lowest in Europe.** Moreover, the country is on the OECD white list. **Double tax treaties** **Businesses formed in Cyprus also benefit from the double taxation avoidance** treaties that have been concluded between Cyprus and other 45 countries. There are double tax treaties in effect with multiple Eu...
Path: Blog... Since January 1, 2019 criteria of economic presence for foreign companies has entered into force in BVI, which will become a powerful barrier for the registration of shell business. **British Virgin Islands, beloved all over the world for zero taxation of legal entities, in agreement with the European Union, enacted the Law on Economic Presence, which entered into force on January 1, 2019.**...
Path: Blog... share of income in revenues shall not exceed thirty-three percent (33%). According to the governments clarification, the reduced rate of the tax will not be applicable to income gained from capital gains. The Bill also presents detailed rules of taxation of the income gained from virtual currencies. Incomes from trading in digital currencies will be regulated as incomes from capital in PIT or ...
Path: Blog...r the rush is that this is a consequence of the pressures that have been brought to bear on our jurisdiction by the industrialized countries, and in this case, by the EU, and by OECD. In its analysis of information on areas of tax transparency, fair taxation and implementation of anti-base erosion and profit sharing measures, the so-called ‘Code of Conduct group’, which is really an agency of ...
Path: Blog...ion to Implement Tax Treaty Related Measures (MLI). From that moment **it will become more difficult to gain tax benefits in transactions with foreign companies**. The aforesaid convention concerns bilateral agreements on the avoidance of double taxation which companies can use in tax avoidance schemes. We would like to point out that among other countries Cyprus ranks at the top regarding ...
Path: Blog**Russian Federal Tax Service (FTS) received data about foreign assets of Russian citizens in 58 jurisdictions, including the Cayman and British Virgin Islands, Mauritius and other offshore tax jurisdictions or jurisdictions with low taxation.** The number of citizens with accounts abroad and the number of companies controlled by them is yet to be disclosed by the FTS. Deputy Head of the FTS Ale...
Path: Blog...ent is open to supporting innovations in this field. Switzerland has a decentralized system that is predictable and stable, a vital environment for the development of blockchain-based projects, which are taking advantage of business-friendly and low-taxation regulations in the country. If you have planned to provide various operations with cryptocurrency including offering customers a virtual c...
Path: BlogThe United Kingdom’s tax, payments and customs authority has clarified its view on how cryptocurrency will be taxed. New guidelines published by Her Majesty’s Revenue and Customs (HMRC) explain the approach to crypto taxation for businesses and individuals. It must be noted that the authority has a clear position in relation to the cryptocurrency status – it is not considered as a curr...
Path: BlogCrypto taxation is one of the hottest topics of debate globally. And while most of the countries keep on discussing the opportunities of crypto taxation, South Korea takes the initiative into own hands. **The Ministry of Economy and Finance of South Korea has decided to tax earning from crypto-related profits by imposing capital gains tax on virtual currencies.** According to government sourc...
Path: BlogThe President of Belarus, Alexander Lukashenko, **signed the Decree “On taxation”** which exempts forex trading from taxes.The decree exempts individuals from paying income tax received from transactions with non-deliverable OTC financial instruments. The tax exemption was initially proposed in March of 2016, however, since then it was only a temporary measure and had to be extended every...
Path: Blog...y governmental authorities of BVI and other Overseas territories. In December of last year, the Council of European Union published a “gray” list of more than 40 tax regimes that do not fully comply with the principles of fair and transparent taxation. Some of the countries were included as it was possible for offshore companies (structures) to generate a profit without "real" economic acti...
Path: Blog... respect, so nobody would be suspicious about the background of a company registered there, which does not apply to some well-known offshore paradises like Seychelles.** On the contrary, according to various financial experts, even though Hungarian taxation environment seems pretty attractive, they would not label the country as an offshore-wanna-be, since despite corporate taxes being low, the o...
Path: Blog- The tax rate is on par with gambling and lottery. - Indian traders with a cent in crypto profits will now have to pay tax and file returns. The government of India has officially imposed taxation regime on cryptocurrency gains – despite the expectations that the Indian government will table a bill regulating digital assets, the Minister of Finances has surprisingly introduced the new cryp...
Path: Blog...a small island which nevertheless the relentless struggle has become one of the leading economic reformers in Africa and evolved to be an Upper Middle-Income country and turned economic growth into the development of the country. With its attractive taxation system it has become one of the chosen destinations of an international business opportunities.Description Global Business entiti...
Path: Accounting...nge, utility or security tokens. Deserving to note that the above-mentioned report explains that the method of token treatment depends rather on the token’s use case, than its definition. HMRC stated that the guideline takes into account the taxation of exchange tokens (like Ethereum or Bitcoin) and does not particularly treat utility or security tokens. For utility and security tokens it ...
Path: Blog...th local companies and individuals. If you are an owner of more than one business in different countries, it is important to check international tax agreements. There are countries that blacklisted Belize as a tax haven and just file you with double taxation for every business including Belize offshore company that is not so offshore anymore. **How to open a bank account in Belize and what are ...
Path: Blog... activities and the location of operation. Today we will focus our attention on GBC 1 as the one of the most commonly used type of companies. **GBC1 formation is most efficient to those entrepreneurs willing to gain profit from the various Double taxation Avoidance Treaties** which Mauritius signed with other jurisdictions. Reason for this is that a GBC1 formation is developed, for tax purpose...
Path: Blog...t seems everyone has heard about Cyprus, British Virgin Islands, Switzerland its loyal legislation for internationally based companies. Offshorelicense Ltd recommends our customers to choose what is most important in legal area: confidentiality, low taxation, company registration procedure or something else. Only when these moments are clear, you can choose the most suited country for your busines...
Path: Blog...ear most responsibilities, and are performing most operational actions. This diversity helps entrepreneurs choose the amount of their liabilities and decide on whether they want to operate the company themselves or not. It is important to mention taxation rules when you are registering a company in Scotland. Limited partnerships allow you minimize taxes with a simple scheme. Limited partner ...
Path: Blog...aw costs fr om your accounts. All these features are available for LLP owners and this allows partners to use efficient tax planning and even lim it National Insurance Contributions that are fairly high for domestic business. LLP is exempt of double taxation and you will have no need to scheme a special taxation plan or file additional documents to avoid it. Another positive moment of incorpora...
Path: Blog...reign capital. It is true and most offshore countries have significantly improved their economics after becoming place for foreign investors. There are special regulations in domestic countries as well. These are made for maintaining balance between taxation for offshore business and native companies. International income tax and individual taxes are balanced specially for this reason. Another ...
Path: Blog... taxes. Due to this, many worldwide-known offshore jurisdictions became popular: Cyprus, Switzerland, the UAE and other. Considering this point, it is useful to consult with international lawyer to choose the right jurisdiction for your business. taxation is one of the main reasons why business moves offshore. Nowadays, European Union is on the way to remove obstacles for small and mid-sized bu...
Path: Blog... work with, it is rational to form a partnership. In other words, this corporate structure is analogue to a sole proprietor. Legal entity in form of a partnership presumes you have collective assets and carry on the liability together with partners. taxation depends on your personal profits, which is positive, but liability depends only on company’s debts and partners are responsible for it with...
Path: Blog...n. The UAE tax policy is different for foreign and domestic companies. However, the rate is reasonable for both. The most taxable business fields are gas and oil but other activities are subjected to 10% annual tax and 5% employer tax. This makes taxation policy of the UAE favorable for fresh business. There is a very important point to consider when forming your company in the United Arab E...
Path: Blog...ssets, opening bank account and registering intellectual property – and this is only a small part of tasks that needs to be accomplished. Sometimes more than one offshore country is required to achieve effective business planning. 2. Optimizing taxation is the next important goal of an offshore consultant. Specialist need to consider the possibility of Foreign Earned Income Exclusion while pa...
Path: Blog...ged to pay taxes in the US. It means that you work in another country but need to pay income tax and self-employment tax in the United States. In case of paying any taxes in the country you worked, you can use the Foreign Tax Credit and avoid double taxation with it. Person who works abroad more than 330 days a year can apply for FEIX. First of all, you need to perform a physical presence test ...
Path: Blog...me time, is easy to establish. Sometimes it is a reasonable decision: to start from sole proprietorship and then register a partnership company or LLC. On the first stage, it is crucial to lower your expenses on business registration process. • taxation matters You can never avoid taxes at all but in different company structures tax obligations differ too. In sole proprietorship or partner...
Path: Blog...earing the word “offshore”.* Offshorelicense Ltd is ready to help you understand why this island is so popular amongst company founders and whether you should choose it too. There is a thought that business in Cyprus is popular because of their taxation. We are not going to bust this myth but it still needs to be analyzed deeper. Let us look at the different reasons to choose Cyprus as an off...
Path: BlogCryptocurrency is a quite innovative project, therefore it still requires clarifications and guidelines especially with regards to taxation. This question becomes even more relevant in a view of ongoing tax season around the globe. **The beginning of tax season is pushing cryptocurrency holders to figure out how to declare their coins.** In Singapore, for example, cryptocurrencies are determin...
Path: Blog...ters? First of all, we should talk about why businesses are massively using international jurisdictions for functioning.* When you form or relocate your business to another country you can achieve a couple of very crucial goals. Sometimes legal or taxation climate in your country is not opportune for business matters. This does not mean you have to break the laws or do anything illegal. The main...
Path: Blog...r? Products or services? Do you know whether your activities are legal in a chosen country? The most common type of company is LLC or IBC. It is suitable for most types of activity. However, consider your plans and think about physical office need, taxation matters, hiring personnel and obtaining necessary permissions. This might affect your company type as well. [ and Excise tax. GST will change for internet data purchase. From now on, **12,5 % tax will be collected from everyone, apart from schools, who purchase internet data**. This a...
Path: BlogOn 13th of March the European Council released a decision where **Bahamas are listed among other jurisdictions with non-cooperative taxation rules**. The mentioned above list is a non-obligatory document, but, at the same time, an important guide which makes a huge impact for choosing contractors while doing business. This year, the US Virgin Islands, **Saint Kitts and Nevis were also listed ...
Path: BlogThe new **Hong Kong** budget was released recently, and **Offshorelicense Ltd** analysts have prepared the information on **2018 tax novelties** for you. The most important changes apply to the **taxation of environmental-friendly technologies and to individuals’ taxation**. The relevant changes are listed below in greater details. • The companies, that invest in green technologies, will ...
Path: Blog...ouple of branches? Sometimes it is a good idea to use advantages of different jurisdictions for your business.Before moving to a foreign jurisdiction, it is important to analyze its legislation.The most significant aspects for you to acknowledge are taxation and corporate laws. In addition, think about establishing an office and creating a stable customer care system. If you do not feel sure an...
Path: Blog...file all required reports**. The US Financial Account Tax Compliance Act is a document, requiring financial institutions to provide information about the US account holders and their assets, meanwhile being important for the following internal US taxation legislation. On the contrary, the OECD's Common Reporting Standard is an international automated standard that holds financial account inform...
Path: Blog...to work within the new markets, manage taxes and increase profits. Do not think that offshoring is illegal: professional approach allows you to make everything in a legal scope. Let’s analyze every advantage of going offshore step by step. **taxation Advantages. Lower is Better.** First of all, moving your business offshore allows you to lower tax burden. Try to compare taxation level i...
Path: Blog...these standards and is recognized as a respected **international tax practice**. The Malaysian Central Bank and its leaders are very concerned about the future of Labuan. The plan for the nearest future is to fight harmful tax competition, adjust taxation rules to be more transparent, change tax incentives for taxpayers and make other adjustments. Labuan feels the urge to improve now, since...
Path: Blog... Journalists also asked the Duchy of Lancaster to comment on this matter and explain more details on the **offshore investment**. The Duchy stated that all these overseas investments are completely legal. Moreover, even though the Queen is exempt of taxation, the Royal family voluntarily pays income tax from the Cayman Islands and Bermuda estates. However, there is one part of the investment th...
Path: Blog...der’s license: Japan Company portrays a good image to your Clients; Great reputation worldwide; One of the few jurisdictions providing licensing for virtual currency exchanges; Japan is major international financial center; 96 double taxation avoidance treaties; Not blacklisted. General information Company structure At least 1 shareholder (natural person or legal entity...
Path: Licensing...tion General information Company structure Minimum 1 director (can be only natural persons, no nationality or residency restrictions)* Minimum 1 shareholder (can be natural or legal persons, no nationality or residency restrictions) taxation No corporate tax No withholding tax (Dividends, Interests, Royalties etc.) Other taxes – 0% (capital gains tax, stamp duty on off...
Path: Licensing...inimum 1 shareholder (can be natural or legal persons, no nationality or residency restrictions) At least 2 (preferably 3) Responsible Officers (RO)* *At least 1 RO must be an executive director. No requirement to be resident in Hong Kong. taxation 0% tax rate if profits are derived from activities carried outside Hong Kong 16,5% tax rate if profits are derived from Hong Kong sou...
Path: Licensing... General information Company structure Minimum 1 director* (can be only natural persons, no nationality or residency restrictions) Minimum 1 shareholder(can be natural or legal persons, no nationality or residency restrictions) taxation No tax on income and dividends No capital gains and inheritance tax No exchange control restrictions No corporate tax Accoun...
Path: Licensing... Company is exempt from corporate tax if at least 90% of its business activities are held outside of Georgia Company is exempt from capital duty Beneficial location of the country itself – connects Europe and Asia 52 concluded double taxation treaties Georgia is not on the high-risk or other monitored jurisdiction list General information Company structure Minimum 1 res...
Path: Licensing...rmation Company structure Minimum 1 Director (natural person, no restrictions with regards to citizenship or residence) Minimum 2 Shareholders (natural person or legal entity, no restrictions with regards to citizenship or residence) taxation Corporate Income Tax – 30%; “Pago a Cuenta” tax – 1.75% (paid monthly as an advance payment of the Corporate Income Tax); V...
Path: Licensing... no restrictions with 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 ...
Path: Licensing...east 1 employee that will have a day-to-day knowledge of the international banking business conducted by the licensee and sufficient authority within the licensee to participate in the management of that day-today international banking business taxation 0% income tax, or any other direct or indirect tax or impost is payable in Vanuatu upon the income, profits, gains, interest or dividen...
Path: Licensing...ocal (Czech) employees) 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 deriv...
Path: Licensing...one shareholder (the maximum 50 shareholders) (no nationality or residency restrictions) At least one resident director (can also serve as a Manager to the Bank) At least 1 Manager (Local) At least 2 additional employees (Senior Officers) taxation The Bank pays no taxes and does not file any tax return Accounting and audit requirements - Audited financial statements must...
Path: Licensing... No AEOI (Automatic Exchange of Information) planned Bank account in Fiji Not blacklisted General information Company structure Minimum 1 director (no nationality restrictions) Minimum 1 shareholder(no nationality restrictions) taxation Value added tax (VAT) - 9% Company Corporate Tax - 20% (Loss carryback years) Withholding Taxes: Dividends: 0/15%, Interests: 10%, ...
Path: Licensing...to provide their services.General information Company structure At least one shareholder (natural person or legal entity, no restrictions with regards to citizenship or residence) At least one director (foreign residents are allowed) taxation In general, UK companies are subject to 19% corporation tax Special rate of 20% is applicable to unit trusts and open-ended investmen...
Path: Licensing...(natural persons and legal entities allowed, no restrictions with regards to citizenship or residence) At least 2 directors (natural persons only, no restrictions with regards to citizenship or residence) The company must appoint an auditor taxation No corporate tax No income tax on money earned outside of its territory No interest tax No dividend tax Accounting and...
Path: Licensing...nce) At least one director (foreign residents are allowed) Confidentiality Beneficial owners' details – disclosed to the Authorities Shareholders' details – part of public record Directors' details – part of public record taxation Estonian companies and branches of foreign entities are subject to 20% income tax only in respect to all distributed profits (both actu...
Path: Licensing... At least 1 shareholders (can also be a legal person, no nationality or residency restrictions*); At least two directors (can only be natural person, no nationality or residency restrictions*). *Restrictions may be imposed by Bank instead. taxation 3% of audited profits or fixed price per year MYR 20 000 (based on company’s preference can be chosen on or the other Accounting...
Path: Licensing...arifa Confidentiality Beneficial owners' details – Not part of public record (a new regulation requiring to disclose BO's is expected) Shareholders' details – Part of public record Directors' details – Part of public record taxation 0% tax rate on profits gained outside the Gibraltar 10 % tax rate on profits obtained in Gibraltar 0% of Value Added Tax 0% tax r...
Path: Licensing...without obtaining a respective license Name denoting any connection to local, state or national government are generally prohibited, e.g. Eesti Timeframe 2-4 weeks + delivery time for the courier taxation Estonian companies and branches of foreign entities are subject to 20% income tax only in respect to all distributed profits (both actu...
Path: Licensing...structure and staff: 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 inco...
Path: Licensing...pass) Confidentiality Beneficial owners' details – Not part of public record (a new regulation requiring to disclose BO's is expected) Shareholders' details – Part of public record Directors' details – Part of public record taxation Corporate tax rate - 0% Income sourced from within Singapore – 17% (standard local corporate tax rate) Accounting requirements -&n...
Path: Licensing...provided by Offshorelicense Accounting team also include: Preparation of financial reports; Creation and submission of annual financial statements; Report submission to the tax authorities; Virtual assistance with any questions regarding taxation in Hong Kong; Other Accounting services. * - The stated amount is a starting price for 1 year of professional Accounting serv...
Path: Accounting...rotection General information Company structure At least 2 Directors Registered Agent - Not required Registered office - Required Insurance - Not required Secretary - Not required taxation The Cayman Islands have no direct taxes of any kind. There are no corporation, capital gains, income, profits or withholding taxe...
Path: Licensing... as the BMA considers 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 co...
Path: Licensing...natural persons, at least one must be of Swiss nationality) Details of shareholder(s) and director(s) – part of public record; Timeframe Within 3 months Capital Minimum paid-up capital requirements: CHF 20,000* (~EUR 18,000) taxation Average 12% – (exact tax rate depends on corporate structure of a company, nature of business and exact location of business) Account...
Path: Licensing...ing team also include: Preparation of monthly, half-yearly reports for Labuan Financial Services Authority; Creation and submission of annual financial statements; Support of global audits; Virtual assistance with any questions regarding taxation in Labuan; Other Accounting services. * - The stated amount is a starting price for 1 year of professional Accounting service...
Path: Accounting...ng services provided by Offshorelicense Accounting team also include: Preparation of quarterly, monthly and annual reports for Vanuatu Financial Services Commission; Support of global audits; Virtual assistance with any questions regarding taxation in Vanuatu; Other Accounting services. * - The stated amount is a starting price for 1 year of professional Accounting servic...
Path: Accounting...provided by Offshorelicense Accounting team also include: Preparation of financial reports; Creation and submission of annual financial statements; Report submission to the tax authorities; Virtual assistance with any questions regarding taxation in Netherlands; Other Accounting services. * - The stated amount is a starting price for 1 year of professional Accounting se...
Path: Accounting...provided by Offshorelicense Accounting team also include: Preparation of financial reports; Creation and submission of annual financial statements; Report submission to the tax authorities; Virtual assistance with any questions regarding taxation in Gibraltar; Other Accounting services. * - The stated amount is a starting price for 1 year of professional Accounting serv...
Path: Accounting...me labour costs and tax expenses are significantly lower than the EU average. Cyprus sustains one of the most attractive corporate tax regimes and has entered double tax treaties with over 47 countries. Which allows for companies not to encounter taxation in two different countries when proceeding with international trade. Services Offshorelicense team provides both full...
Path: Accounting...provided by Offshorelicense Accounting team also include: Preparation of financial reports; Creation and submission of annual financial statements; Report submission to the tax authorities; Virtual assistance with any questions regarding taxation in Bulgaria; Other Accounting services. * - The stated amount is a starting price for 1 year of professional Accounting servi...
Path: Accounting... Low capital requirement. Only 50 000 USD Company structure Minimum 2 shareholders (no nationality restrictions for physical shareholders) Minimum 2 resident directors (no nationality restrictions for physical shareholders) taxation No tax on income and dividends; No capital gains and inheritance tax; No exchange control restrictions; Standard corporate ...
Path: Licensing...ts balance sheet date Local presence (optional and in the long term) As a strategy, we would propose that the company has a local presence by employing local staff. This local presence will be shown through a Mauritian support office taxation No tax on income and dividends No capital gains and inheritance tax No exchange control restrictions Free repatriatio...
Path: Licensing... structure Investment Manager as the initiators of the fund Two Conducting Persons that reside in Luxembourg must be appointed A Custodian for asset safekeeping, fund and provider supervision An Administrator for operational support taxation exempt to Income tax not subject to withholding tax on dividends and capital gains exempt to Net wealth tax VAT exemption on mana...
Path: Licensing...owledge. General 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 t...
Path: Licensing...nowledge General 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 t...
Path: Licensing... rights. General 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 t...
Path: Licensing...countries of the world that are trying to oppose cryptobusiness in every possible way, Switzerland supports this direction in every way simplifying the life of entrepreneurs. The second important aspect is very attractive compared to other countries taxation, operating in the territory of the confederation, and the third aspect is the stability of the country itself, which allows the entrepreneur ...
Path: Licensing...icense in Gibraltar: Companies which have obtained the license work without a necessity to pay VAT Businessmen are protected by the Gibraltar authorities, which give them the same guarantees as domestic companies have General information taxation The holders of a remote gambling license are required to pay a tax of 1% of their gross profit and the amount of tax is capped at a min...
Path: Licensing...dividuals, not corporate entities) At least one resident Designated Official (DO) Operations Manager (OM) if Designated Official cannot reside in the Isle of Man Gambling and trading accounts should be located in a bank in the Isle of Man taxation Online gambling duty on a sliding scale from 1.5% down to 0.1% For pool betting the duty is equal to the UK duty rate (15% at the tim...
Path: Licensing...viduals or corporate) A Compliance officer must be appointed by the company A Key Official must be appointed (shall also be a director of the company and is resident in Malta) Appoint a designated Money Laundering Reporting Officer (MLRO) taxation Gaming tax of 5% due is based on the gaming revenue generated by the operators from end customers located in Malta The levy on gaming...
Path: Licensing...ure Must always appoint a depositary/custodian or any other company subject to prudential supervision (are exceptions depending on the fund) Cyprus Securities and Exchange Commission (CySec) requires a minimum of two executive Directors taxation Cyprus tax laws are designed to support the development of the country as an international financial and business center, to promote in...
Path: Licensing...y Shareholders' 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 Hong Kong tax on a territorial basis. Profits tax is levied at the rate of 16.5% for income derived from Hong Kong Profits derived fr...
Path: Licensing...ompany structure Minimum one shareholder (can be either natural person or legal entity, no nationality or residency restrictions) Minimum one director (no restrictions on the nationality and residency, corporate directors are permitted) taxation There is no withholding of taxes. In addition, there are no estate, gift, or inheritance taxes levied on corporate share transfer...
Path: Companies...providers. One of such requirements is to appoint a Compliance officer or provide these services or from the head quarter with a service level agreement that need to be approved by the Authority Supervision department. Benefits Low level of taxation Beneficial owner’s details are not part of public record Shareholder’s details are not part of public record Director’s details a...
Path: Licensing... of the LLC does not provide for a Board of Directors. Confidentiality Beneficial owners' details – Disclosed to the authorities Shareholders' details – Not part of public record Directors' details - Not part of public record taxation Delaware Limited Liability Company (LLC) does not pay US state or federal income tax if its owners are not US citizens or green card holde...
Path: Companies...(foreign residents are allowed) Confidentiality Director’s details – part of the public record; Shareholder’s details – part of the public record; Beneficial owner’s details – disclosed to the Authorities. taxation Estonian companies and branches of foreign entities are subject to 20% income tax only in respect to all distributed profits (both actu...
Path: Companies...ned documents to be delivered back to Dubai.General information Company structure: Minimum 1 director (no nationality restrictions) Minimum 1 shareholder (no nationality restrictions) Capital No minimum capital is required taxation 0 corporate income tax Other benefits 100% ownership Can be formed by one individual Bank account in Dubai No public r...
Path: Companies...ociate status which is very attractive. The Isle of Man has strong banking, investment fund and captive insurance sectors, with a well-developed advisory and financial infrastructure and good transport links. Foreign Investors are attracted by the taxation structure; there are no capital gains taxes, turnover tax or capital transfer tax, no stamp duties and low rates of income tax. Non-Reside...
Path: Companies... a Gesellschaft mit beschränkter Haftung(GmbH), both of which are Swiss forms of corporation with limited liability. A careful design of corporate structure using a Swiss company can achieve substantial tax savings. Swiss GmbH is exempt from all taxation if structured as Holding company. If regular business activities are conducted the Federal taxes apply with 7,83%. In any case Swiss compa...
Path: Companies...rvice Shareholders' 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 In general, a Dutch resident company is subject to Corporate Income Tax on its worldwide income. However, certain income can be exempted o...
Path: Companies... the North Sea and English Channel, the United Kingdom (informally referred to as Britain) includes England, Scotland, Wales, and Northern Ireland. The United Kingdom is an industrially developed country with a high rating and a standard level of taxation. It is a member of the EU, UN, NATO and other international organisations. The economy of the UK is amongst the five largest in Europe. Th...
Path: Companies...ecord Shareholders' 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 In order to qualify for non-resident status, company must be managed and controlled from outside Gibraltar. It is not subject to any...
Path: Companies...w Scotland is the northern section of the United Kingdom that is leading global financial and business centre and an important jurisdiction for international tax planning. The UK is known internationally as a jurisdiction with a standard level of taxation; hence it has no image of a ‘tax haven’. At the same time, the UK law provides for the possibility to incorporate and use companies with ...
Path: Companies...ecord Shareholders' 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 0% - unless a company receives income in Canada Other benefits Newly formed corporation should hold its first meeting of director...
Path: Companies...ecord Shareholders' 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 Singapore registered companies enjoy very attractive tax exemptions and incentives. Your company pays less than 9% for the first S$300,000...
Path: Companies...done in approved real estate development General information Company structure At least one shareholder (can be legal person, no nationality restrictions) At least one director (can be legal person, no nationality restrictions) taxation Corporate tax –0% * * In case if transactions or business operations are not carried out in Saint Kitts and Nevis. Other bene...
Path: Companies... legal person, no nationality or residency restrictions) Confidentiality Beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details –Not part of public record taxation A Seychelles IBC, by definition of the law, is not subject to any tax or duty on income or profits. It is also exempt from stamp duties...
Path: Companies... legal person, no nationality or residency restrictions) Confidentiality Beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details –Not part of public record taxation Lucia IBCs may elect to be exempted from income tax or to be liable to income tax on profits and gains at 1%. Also IBCs are not subject...
Path: Companies...I BC). This new corporate structure preserves all the benefits provided by the previous legislation, including exemption from taxes. BVI BC's are a very popular and widely used offshore companies because of their administrative ease, flexibility, taxation exempt status and the fact that they are widely accepted and understood by the international financial community. BVI BC's may not own real p...
Path: Companies...legal person, no nationality or residency restrictions) Confidentiality Beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details – Not part of public record taxation Belize International Business Companies are exempt from the Belize income tax, from tax on dividends, interest, royalties, compensation...
Path: Companies...e a legal person, no nationality or residency restrictions) Confidentiality Beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details – part of public record taxation There is a fifty year tax exemption for Antigua IBCs. This exemption applies to most forms of income, dividends, interest and royalties...
Path: Companies...legal person, no nationality or residency restrictions) Confidentiality Beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details – Not part of public record taxation Limited Liability Companies doing business internationally are exempt from all form of local taxes Other benefits No double ...
Path: Companies...hat is also referred to as Non-Resident Domestic Corporation (NRDC). For such companies there are no requirements for audited accounts or annual returns to be provided to the governing authority. Moreover, the government of RMI has not signed double taxation treaties and does not cooperate with OECD on any tax information exchange agreements. NRDC of The Marshall Islands is attractive in terms ...
Path: Companies... legal person, no nationality or residency restrictions) Confidentiality Beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details –Not part of public record taxation Vanuatu International Company is exempt from all forms of taxation in Vanuatu Other benefits There is no legal requirement for ...
Path: Companies...al person, no nationality or residency restrictions) Confidentiality 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 capita...
Path: Companies...stries, trade, and investment. Irish company setup can become a very useful tool for international tax planning purposes, especially due to its universal rate of 12,5% on trading profits for tax resident companies and its extensive network of double taxation treaties. One of the most common forms of Irish legal entities is a Private Limited Company or LTD, which is usually preferred by small an...
Path: Companies... Joint administrators (joint action) Joint and several administrators (individual action) Board of Directors (collegiate action) In case of a single person company, the powers of the general assembly are taken on by the single partner. taxation 10% maximum corporate tax rate 2% corporate tax on profits for companies involved in activities such as international management and ...
Path: Companies...n be only natural 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 w...
Path: Licensing...ationality restriction) Only one local director. Recommended to apply with at least Beneficial owners' details – disclosed to the authorities Shareholders' details – part of public record Directors' details – Part of public record taxation Dividend tax - 5% VAT –0%. The EU internal deliveries and the export are free of VAT Personal income tax - 10% Bulgaria is a Eu...
Path: Licensing... Not part of public record Shareholders' details – Not part of public record Directors' details –Not part of public record It is required to Maintain professional indemnity insurance (PII) or provide a detailed self-exemption to PII taxation The capital gains, death duties or inheritance taxes are not subject to taxation. As well dividends, royalties or interest is are not requ...
Path: Licensing...o have one director 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 b...
Path: Licensing... legal person, no nationality or residency restrictions) Confidentiality Beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details –Not part of public record taxation 0% - corporation tax with a few exceptions: - specified banking activities - 10% - profits derived from activities that are regul...
Path: Licensing...ionally General information Company structure Minimum one shareholder (can be a legal entity or natural person, no nationality restrictions) Minimum one director (can only be natural person, no nationality or residency restrictions) taxation Costa Rica companies are exempt from the Costa Rica local taxes on income derived outside of Costa Rica Accounting requirements -&...
Path: Licensing... One resident director (can also be a legal person) Confidentiality Beneficial owners' details – Disclosed with court decision Shareholders' details – Not part of public record Directors' details – Not part of public record taxation 0% - Belize Forex brokerage companies are exempt from the Belize local taxes on income derived outside of Belize Other benefits B...
Path: Licensing... no restrictions with 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 s...
Path: Licensing...to meet the obligation of a licensee as required by VFSC Confidentiality Beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details –Not part of public record taxation 0% - For 20 years Vanuatu Forex brokerage companies are exempt from the Vanuatu local taxes on income derived outside of Vanuatu A...
Path: Licensing...idency restrictions) Registered Secretary is required. Confidentiality Beneficial owners' details – Not part of public record Shareholders' details – Not part of public record Directors' details –Not part of public record taxation International Business Companies are exempt from taxes on income derived from outside of Cook Islands Registered Agent - Required ...
Path: Licensing... be natural person, no nationality or residency restrictions) Confidentiality Beneficial owners' details – Not part of public record Shareholders' details – Are part of public record Directors' details –Are of public record taxation 0% tax on gross bets 2% corporation tax for e-Zone companies that retain annual compliance No VAT, Sales Tax or import duties No ...
Path: Licensing...tive and 2 non-executive directors. There are requirements in terms of their residency Beneficial owners' details – disclosed to the authorities Shareholders' details –part of public record Directors' details – Part of public record taxation Low corporate tax (12.5%) 0% tax for corporate gain Lowest VAT at 19% No withholding tax on dividends An extensive network of d...
Path: Licensing...o 5% General information Company structure At least 1 Shareholder (can be legal entity, no nationality restrictions) At least 1 Director (no nationality or residency restrictions) * *Shareholder can be the same person as director taxation Corporate tax - 35% (may be reduced to 5%) Value Added Tax - 18% (may claim tax return) Secretary Required Registered offi...
Path: Companies...(can also be natural 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...
Path: Companies... share capital requirement: $1.00 USD Overview Uruguay is an independent republic in South America. Limited Liability Company in Uruguay is better suited for conducting global business outside of Uruguay’s borders to avoid all taxation which is the main advantage for non-resident entrepreneurs.General information Company structure Minimum two shareholders* (no restr...
Path: Companies...on and complete infrastructure.Incorporation: up to 1 month Minimum authorized capital: MOP25,000 (around $2,500 USD) Overview There is no special restriction on Macau company incorporation, and Macau practices a low taxation rate system, with limited items of taxation. In recent years, favorable factors have been increasing in Macau, and economic environment has m...
Path: Companies...echnologies environment - A beneficial tax environment - Favorable economic environment General information Company structure At least one shareholder Only one director (also could be an executive body, which is the board) taxation The tax should be calculated, declared, and paid by an employer Income tax in Lithuania is 15% If the average number of employees i...
Path: Companies...ncome tax, one of the lowest in the EU General information Company structure Only one shareholder (no nationality restriction) The sole shareholder may become the only required director to manage the SIA (no nationality restriction) taxation The normal corporate tax rate is 15%. However, a micro company only pays 9% as long as the total income does not exceed 100,000 Euro. T...
Path: Companies... - No foreign exchange controls General information Company structure Minimum one shareholder Minimum three directors A Panama Corporation needs to also appoint three officers, a President, a Secretary and a Treasurer taxation If a Panama Corporation conducts its business outside of Panama, it is exempt from all local taxes including income tax, capital gain t...
Path: Companies...ion carefully protects owners and shareholders, but such privacy protection does not extend to company officers, directors and, in the case of LLC in Nevada, USA. Not only the state provides shareholder privacy protection, also, it offers attractive taxation advantages, making Nevada a good destination to set up a company. Advantages of USA Nevada Limited Liability Company: ...
Path: Companies....General information Company structure Minimum one shareholder (can be either natural persons or legal entities, no restrictions on the nationality or residency) Minimum one director (no restrictions on the nationality and residency) taxation Corporate tax rate - 19% Dividends tax - 19% Other benefits 100% foreign ownership: foreigners can own 100% of the shares ...
Path: Companies...um-sized family companies, or even large enterprises - Benefits of a company in Central Europe General information Company structure At least one or more Managing Director who may also be shareholders Maximum of three shareholders taxation The average tax burden is 30% 0.8% solidarity surcharge (5.5% on corporate tax) The median rate in Germany is approximately 14% bus...
Path: Companies...lation. Other Accounting services provided by Offshorelicense Accounting team also include: Preparation of financial reports Creation and submission of annual financial statements Virtual assistance with any questions regarding taxation in the UAE Other Accounting services Requirements and pricing: If you are interested in Outsourced Accounti...
Path: Accounting