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United Arab Emirates accounting Services

... United Arab Emirates to submit audited statements, the company needs to prepare their Financial accounts according the upheld reporting standards of the country. Services Offshorelicense provides both full and partial online accounting services. Trusting the team of Offshorelicense with the numbers will give you more free time to grow your business. Offshorelic...

Path: Accounting
Mauritius accounting Services

...obligated to submit quarterly returns of income as quarterly Advanced Payment System statements every 3 months as well as to fill in the tax returns with the FSC. Services Offshorelicense provides both full and partial online accounting services. Trusting the team of Offshorelicense with the numbers will give you more free time to grow your business. Offshorelic...

Path: Accounting
United Kingdom accounting Services

...artnerships, limited companies and partners in a partnership. Moreover, anyone should be aware that penalties apply for late or incorrect submission of the necessary documents. Services We provide both full and partial online accounting services. Trusting us with the numbers will give you more free time to grow your business. Offshorelicense accounting team would ensue both...

Path: Accounting
Hong Kong accounting Services

...stered office. Public companies must file annual accounts with the Companies Registry. Every company must to prepare its account and engage a Hong Kong Certified Public Accountant registered with HKICPA (the statutory body regulating the accounting profession in Hong Kong) to carry out an audit of the financial statements of the company. Services We provide both...

Path: Accounting
Labuan accounting Services

... Labuan. Labuan offers more flexibility of corporate tax and audit, tax incentives, easy management as the company can operate in a currency of their choosing. Labuan financial institutions are allowed to adopt any accepted international accounting standards including issued Financial Reporting Standards (FRS) issued by Malaysian accounting Standard Board (MASB). In the Federal Territo...

Path: Accounting
Vanuatu accounting Services

...y’s capital to be in any currency and any amount. Commitment of the Vanuatu government in making it a conducive business environment for International Business Companies. Services We provide both full and partial online accounting services. Trusting us with the numbers will give you more free time to grow your business. Offshorelicense accounting team would ensure ...

Path: Accounting
Netherlands accounting Services

...lass business country. The main advantages of the country are supportive corporate tax structure, highly educated, multilingual workforce, and superior logistics and technology infrastructure.Description A company is required to maintain accounting records to determine the financial position of the company at any time. As regards the location of the accounting, there are no special reg...

Path: Accounting
Gibraltar accounting Services

...verseas territory, Gibraltar undertakes similar reporting standards as The United Kingdom as the company should submit Annual Return statement, Annual Accounts and Tax returns. Services We provide both full and partial online accounting services. Trusting us with the numbers will give you more free time to grow your business. Offshorelicense accounting team would ensure bot...

Path: Accounting
Cyprus accounting Services

...ax 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 and partial online accounting services. Trusting us with the numbers will give you more free time to grow your business. We would ensure both that you meet your repor...

Path: Accounting
Bulgaria accounting Services

...nly 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, Middle East and North African markets. Bulgarian accounting requirements are governed by the new Accountancy Act (AA) and the main criteria for its application to companies is either the use of Inter...

Path: Accounting
Vanuatu is Willing to Move Its Financial Dealers Onshore

...uly, must have three employees onshore, including the CTO. Also, minimum capital of US $500,000 is required, as well as custodianship license from another jurisdiction and an established track record. “In other words, a single P.O. Box and some accounting entries won’t cut it anymore to operate in Vanuatu. Our government wants to bring the offshore industry back onshore to spur investment i...

Path: Blog
How to report foreign income on US tax return?

...t your traveling, capital goods, equipment and other expenses. When you work abroad and do not qualify for Foreign Earned Income Exclusion(FEIX), all your earnings should be displayed in the Schedule C. If you are a resident of the US during the accounting period – you have self-employment income and need to display it in Schedule C. The same procedure will apply even if you worked outside o...

Path: Blog
The great step towards China

...rotect assets, open new markets and improve business credibility**. Highly professional assistance is provided until the license is granted and after, in order to assure the stability of your business. Our turn-key business solutions also include accounting, audit and other financial services that may be required for client to sustain the business and stay compliant with local and international...

Path: Blog
Cyprus Securities and Exchange Commission (CySEC) accepts new policy for Crypto-Asset providers

...whom shall perform executive duties and the other two being non-executive directors. Also, the majority of the Board has to be permanent Cyprus residents and appropriate knowledge, experience and competence for them is a must. • Administrative, accounting, internal control, risk assessment, digital processing of data systems and confidentiality of data are required to be at the top-notch leve...

Path: Blog
New hype or a real irreplaceable instrument. Contracts of digital age.

...f desired, sometimes prohibitively so) for the breacher.” Simply put, they represent any agreement between parties that is stored on and executed by a blockchain (this is the most common conception). A blockchain is essentially a decentralized accounting ledger that uses a network of computers and cryptographical algorithms to track transfer of assets and secure the ledger from tampering. Fo...

Path: Blog
Forex Markets Related Regulations After Pandemic

...ped and removed from the regulated sector as quickly as possible. The European Securities and Markets Authority (ESMA) and other regulators have decided to extend a few upcoming reporting obligations or proposed amendments to upcoming regulations accounting for pandemic uncertainty and disruptions, so far there is no evidence that further regulation is proposed as a response to Coronavirus pand...

Path: Blog
Brand-new product - Crypto Exchange & Wallet License in Lithuania

...up structure is to include at 2 least board members while the compliance officer should have previous professional work experience, Lithuanian residency is not required per se. Subject to project review we can provide on-going support with certified accounting, local substance and compliance services. A licensed company has to keep a detailed and up-to-date overview of all clients and transacti...

Path: Blog
South Korea enforcing crypto rules

...lations as well as the processes relating to the customer verification. South Korea has been criticized for the lack of preventive measures when it comes to hacking damages. To that end, the Financial Supervisory Service widened the scope of its accounting practices by including the virtual currency exchange platforms. As explained by the Korean top financial regulator, the present legal measu...

Path: Blog
China's Central Bank is planning to ban crypto airdrops

...n get profit. According to the bank report, 65 ICOs were completed up until July 18, 2017, while only five were launched before 2017. This sudden jump also attracted over 105,000 investors who contributed a total funding of around $377.3 million, accounting for more than 20 percent of the whole sum raised globally in the same period by blockchain startups. The central bank stated that it nee...

Path: Blog
Tierion: utilizing the bitcoin blockchain to verify documents

...ata without you knowing. The platform eliminates these risks with its Chainpoint service. Documents that are time stamped with a digital proof of their original state are more secure than, say, a PDF. Tierion’s use of Bitcoin’s blockchain keeps accounting and auditing procedures more secure. Companies can create immutable histories of their business processes for later review. Tierion’s ...

Path: Blog
Bitmain's IPO: looming threats and insights from a Bear market

...ine. As many merchants who accepted cryptocurrency for their services in late 2017 and early 2018, Bitmain is also stuck holding assets that have depreciated significantly. With 27% of purchases in 2017 paid for with cryptocurrency, that’s a huge accounting headache for 2018 to figure out true revenue and tax liabilities. In 2017, everyone seemed to be willing to drop shoulders Black Friday ...

Path: Blog
Outsourcing accountants and bookkeepers for offshore business

Entrepreneurs are constantly busy finding new cost-effective ways of doing business. accounting and bookkeeping are challenging for international business therefore more and more companies are choosing offshore outsourcing for these operations. Deloitte prognosed rapid growth of finance and accounting services outsourcing through next couple of years. That these actions are not core specializ...

Path: Blog
Repeal of the Bermuda tax reform as the general service tax got denied

...id such penalties. In reference to the previously promised general service tax, plans have changed. There is a possibility of implementing a professional services tax. It is a payment for companies that provide consulting services, such as legal, accounting, business and others. Also, the tax will be limited to the services provided to Bermuda companies only. A very important part of the tax...

Path: Blog
Starting an international business. To offshore or not to offshore?

... the first place. Sometimes only moving it abroad can help us achieve that goal. 2. Legal procedure of establishing and functioning differs in most countries. If you see that creating a foreign entity will be cheaper, easier and also taxation and accounting matters are better performed abroad, why hesitate? Sometimes your home is not the best place to conduct business and main task of Offshorel...

Path: Blog
How to choose a suitable company structure for your business?

... personal documents and taxes are payed according to them. However, every structure except sole proprietorship, require you to interact with tax authorities. It is important to know, that the bigger company is, the more you need to form financial or accounting department to deal with taxation matters. • Running the entity Different enterprises need to spend different running costs. It most...

Path: Blog
Vanuatu International Bank License

...has sufficient experience in international banking to be involved with operations or management of an international bank each associate of the applicant is a fit and proper person to have an interest in an international bank the risk management, accounting and internal control systems of the applicant are satisfactory the capital structure of the applicant is adequate and the amount of unimp...

Path: Licensing
Czech Republic Electronic Money License

...idual 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 (non-Czech) sources. accounting requirements The registered EMI shall disclose in particular the following information on its financial situation: - A quarte...

Path: Licensing
St. Vincent and Grenadines International Banking License

...estrictions) 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 be submitted to the regulator every year Registered Agent - Require...

Path: Licensing
New Zealand Asset Management License

...forcement 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 Double Taxation Avoidance (DTA) agreements signed accounting requirements  accounting year starts on the 1st day of April Annual Returns must be filed to the Companies Office Annual aud...

Path: Licensing
Fiji Foreign Exchange Dealer License

... Value added tax (VAT) - 9% Company Corporate Tax - 20% (Loss carryback years) Withholding Taxes: Dividends: 0/15%, Interests: 10%, Royalties: 15% 8 Tax treaties: New Zealand, Japan, Australia, UK, Singapore, UAE, Malaysia, South Korea accounting & Audit  The Regulator may determine in its discretion to have accounts of the company audited. Offshorelicense can provide ...

Path: Licensing
UK Crypto Exchange Company Formation

...sidents 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 investment companies Standard VAT rate is 20%, reduced rates are 5% and 0 % accounting requirements  Submission of Accounts and Annual Return is obligatory accounting records shall be kept in English VAT declara...

Path: Licensing
Singapore Crypto License

...sclose 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 - Submission of annual financial statements is required Audit - Required Secretary - Registered Secretary...

Path: Licensing
Cayman Islands Securities Investment Business License

...ersons 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 Audit requirements  Submission of quarterly returns Submission of annual audited financial statements Registered offi...

Path: Licensing
Estonian Cryptocurrency Exchange License

...ct to 20% income tax only in respect to all distributed profits (both actual and deemed) Starting from January 1, 2018 – the CIT rate on regular profit distributions will be decreased to 14%, but only if dividends are paid to legal entities accounting requirements  Filing annual report is obligatory accounting records shall be kept in Estonia (If company is registered for V...

Path: Licensing
Labuan Token License

...ral 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 & audit requirements - A Labuan Offshore Company needs to have an audit performed by an approved auditor. An annual return must be...

Path: Licensing
Gibraltar Distributed Ledger Technology Provider’s License

...its gained outside the Gibraltar 10 % tax rate on profits obtained in Gibraltar 0% of Value Added Tax 0% tax rate on import and export of all forms of art Other taxes: 0% (tax on capital gains or paid dividends, wealth tax, estate duty) accounting requirements - Must be submitted to the Company Registrar on annual basis Audit - If the entity is licensed - an annual audit ...

Path: Licensing
Bahamas Dealing in Securities License

...) 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 accounting & Audit  The Company will be required to file a copy of its audited financial statements with the Commission by not later th...

Path: Licensing
ICO company in Estonia

...ed profits (both actual and deemed) Starting from January 1, 2018 – the CIT rate on regular profit distributions will be decreased to 14%, but only if dividends are paid to legal entities Reporting Filing annual report is obligatory accounting records shall be kept in Estonian VAT and salary declarations are filed monthly Benefits Possibility to obtain e-residency and...

Path: Licensing
Bulgaria Portfolio Management License

...al requirements: Minimum capital requirement is 125,000.00 EUR (we advise to deposit more to increase probability of granting the license). The capital of the company cannot be obtained from loan. It must belong to the owner of the company. accounting requirements The Company will be required to fill audited financial statements and tax return within 3 months from its balance sheet ...

Path: Licensing
El Salvador Online Gambling Company Formation

... of the Corporate Income Tax); Value added tax – 13%; Withholding tax:  1. Non-resident: 5% on Dividends, 20% on Interest, 20% on Royalties; 2. Non-resident in a tax haven: 25% on Dividends, 25% on Interest, 25% on Royalties accounting and Audit requirements Company is required to appoint an external audit Audited financial statements are to be submitted annually t...

Path: Licensing
Luxembourg Investment Fund License

... not subject to withholding tax on dividends and capital gains exempt to Net wealth tax VAT exemption on management services Registered office - Not required Registered agent - Not required Secretary - Not required accounting and Audit requirements Annual audit  Semi-annual reporting Company name Language: Any Letters: From Roman al...

Path: Licensing
Hong Kong Type 3 (Leveraged Foreign Exchange Trading) License

...irement 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 sources No tax on capital gains, dividends or interests accounting requirements  accounting records may be kept at the local offices of the administrator or elsewhere at the discretion of the dir...

Path: Licensing
Czech Republic small PSP License

...l 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 income tax on income derived from outside (non-Czech) sources. accounting requirements The registered PSP shall disclose in particular the following information on its financial situation: A quarterly bal...

Path: Licensing
Labuan Audit Services

... Our services comprise the following: Statutory audit of annual or interim financial statements in accordance with local statutory requirements and International Financial Reporting Standards (IFRS) under ISA (International Standards on accounting); Audit of consolidated financial statements in accordance with applicable legislation and corporate reporting requirements; Review of ...

Path: Accounting
Netherlands Audit Services

...neral shareholders meeting, or in case of default by the supervisory board or the managing board. The auditors’ report must include the following points: whether the financial statements provide information in accordance with the accounting principles generally accepted in the Netherlands and are an accurate representation of the financial position and result for the year. A pr...

Path: Accounting
Seychelles Securities Dealer License

...o tax on income and dividends; No capital gains and inheritance tax; No exchange control restrictions; Standard corporate tax rate of 15% is reduced to a net effective tax rate of 3%; Free repatriation of profits, dividends and capital. accounting and Audit A Securities Dealer is required to have its accounts audited annually by an auditor. The applicant must put forward at th...

Path: Licensing
Crypto Exchange and Wallet License in Lithuania

...es. Corporate profits are taxed at 15%. Small companies with fewer than ten employees and less than 300 000 EUR in gross annual revenues can benefit from reduced corporate tax rate of 0-5%. Withholding tax 15% is charged on gross dividends. accounting requirements  Filing annual report is obligatory accounting records shall be kept in Lithuania Secretary - Required ...

Path: Licensing
Bermuda Digital Asset license

...nd 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 individual); No net wealth/worth tax. accounting & audit requirements  Licensees must: Prepare annual audited financial statements or accounts in respect of all transacti...

Path: Licensing
Lithuania Payment Institutions License

... Local presence - It is required to have at least 1 employee who will be a point of contact between you and the company. It is advised for the company to have a more sufficient local presence securing such positions as compliance officer, accounting, back/front office managers, Risk officer, internal auditor.In order to obtain a license, the following steps will be carried out: Ap...

Path: Licensing
Czech Republic small Electronic Money Institution License

...l 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 income tax on income derived from outside (non-Czech) sources. accounting requirements The registered EMI shall disclose in particular the following information on its financial situation: A quarterly bal...

Path: Licensing
Bahamas Payment Services Provider License

...– 0% (capital gains tax, stamp duty on offshore instruments) Local office - Required Physical presence - Required (at least 3 local employees: Chief Executive Officer (CEO), Compliance Officer, Money Laundering Reporting Officer**) accounting and Audit requirements All Payment Institutions Providers are required to produce annual audited financial statements. Such statement...

Path: Licensing
Czech Republic PSP License

...l 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 income tax on income derived from outside (non-Czech) sources. accounting requirements The registered PSP shall disclose in particular the following information on its financial situation: A quarterly bal...

Path: Licensing
Malta Gambling License

...Other benefits Maltese operators can advertise in United Kingdom Malta offers the possibility of free movement of goods and services as an EU member All forms of electronic devices can be used, including mobile phones and the internet accounting and compliance requirements - The Malta Gaming Authority (MGA) will require reviews to take place on the following schedule: ...

Path: Licensing
Cyprus Investment Fund License

...x exempt exemption from tax on dividend income (subject to certain conditions) no withholding taxes on repatriation of dividends, interest and royalties to non-residents Registered office - Required Secretary - Required accounting and Audit requirements Preparation of annual Financial Statements, and preparation of annual tax return Un-audited report every six...

Path: Licensing
Cayman Islands Securities Investment Fund License

...bsp;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 taxes. accounting and Audit All regulated mutual funds must have their accounts audited annually, and such audited financial statements must be filed w...

Path: Licensing
Labuan Investment Banking License

...st, management fee, royalty and technical fees no import duty, sales tax and service tax for all international dealings no inheritance tax Registered office - Required Registered agent - Required Secretary - Required accounting and Audit requirements Submission of accounts to Labuan FSA within 6 months after the close of each financial year Local Approved A...

Path: Licensing
Japan Virtual Currency Exchange Provider’s License

...roller 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% Consumption tax (~VAT) accounting and audit  - An annual audit of company’s financial statements is required Secretary - Required Registered office -&...

Path: Licensing
Hong Kong Type 9 (Asset Management) License

...ery calendar year and not more than 15 months after the last preceding AGM. However, a company need not hold its first AGM until 18 months of its incorporation Companies may dispense with the holding of AGMs by unanimous shareholder's consent accounting requirements - A Hong Kong company must keep accounting records, which may be kept at the registered office address or elsewhere at th...

Path: Licensing
Labuan Fund Management License

...ees Taxation Profit Tax – 3% of net audited profits annually Other taxes – 0% (capital gains, withholding tax, stamp duty on offshore instruments) Minimum amount of annual operating expenditure in Labuan (RM) 120 000 accounting requirements The Company will be required to fil audited financial statements and tax return within 3 months from its balance sheet d...

Path: Licensing
Switzerland Portfolio Management (ARIF Registration)

...ame 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) accounting and Audit requirements Submitting financial statements Submitting annual report Audit/partial (depending on the size of the busin...

Path: Licensing
Seychelles International Business Company (IBC) Formation

...eetings need not be held in Seychelles also there is no requirement for an Annual General Meeting. All meetings may be held outside Seychelles, by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy. accounting requirements Whilst there is no requirement to file audited financial statements or annual returns with local authorities, a Seychelles ...

Path: Companies
United Kingdom Limited Liability Partnership Formation

...re not entitled to take advantage of international Double Taxation agreements concluded by the UK with other countries. Other benefits There are no restrictions on form of meeting for partners and no restriction for place of meeting. accounting requirements LLP’s must produce and publish financial accounts with a similar level of detail to a similar sized limited company and w...

Path: Companies
United Kingdom Limited Company Formation

... Profits above £300,000 (‘main’ rate) - 26% from April 1, 2011; 24% - from April 1, 2012; 23% - from April 1, 2013 Other benefits There are no restrictions on form of meeting for partners and no restriction for place of meeting. accounting requirements Companies House will send a ’shuttle’ annual return form to a company’s registered office each year containing detail...

Path: Companies
Gibraltar Limited Liability Company Formation

...onality and must not reside in Gibraltar. All board meetings must take place outside Gibraltar. Other benefits  There is no restriction on form of meeting for shareholders and directors and no restriction for place of meeting. accounting requirements All Gibraltar registered companies must file annual returns showing  details of shareholders and directors and must su...

Path: Companies
Scotland Limited Partnership Formation

...ncome from UK sources, and are managed and controlled by Members who are not UK residents, are exempt from U.K. corporate tax. Other benefits There are no restrictions on form of meeting for partners and no restriction for place of meeting. accounting requirements No obligation to file annual accounts with Revenue Service Every Scottish LP must keep appropriate accounting records, and ...

Path: Companies
Quebec Company Formation

...of shareholders must be called within 18 months following incorporation. After the first meeting, the directors must call an annual meeting not later than 15 months after its last meeting and not more than 6 months after its financial year end. accounting requirements A fiscal year-end is the official last day of the fiscal year of a company. The fiscal year-end does not necessarily need t...

Path: Companies
USA Delaware Limited Liability Company Formation

...erning meetings of members or record keeping. It is recommended that with two or more members, Members’ Agreement be entered into. If meetings are held by members, this may be done anywhere in the world and in any way convenient to the members. accounting requirements Delaware LLC is not required to file state or federal tax returns. Whilst there is no requirement to file audited accounts ...

Path: Companies
Labuan International Business Company Formation

... cases only a statutory declaration will be required to be submitted. Other benefits All companies must hold a members meeting to receive the accounts (audited or unaudited) not more than 9 months from the date of closing the accounts. accounting requirements A Labuan Offshore Company needs to have an audit performed by an approved auditor if the company is engaged in offshore tra...

Path: Companies
Singapore Private Company Formation

...gs need not be held in Singapore. A new company must hold its first Annual General Meeting (“AGM”) within 18 months. Thereafter, the company must hold its subsequent AGM in every calendar year, and not more than 15 months from the last AGM. accounting requirements For companies with annual turnover over S$5m, annual audited accounts are required to be filed with the Singapore Registrar...

Path: Companies
St.Lucia International Business Company Formation

...s meetings need not be held in St.Lucia; also there is no requirement for an Annual General Meeting. All meetings may be held outside St.Lucia, by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy. accounting requirements Whilst there is no requirement to file audited accounts or annual returns with the authorities, a company is required to ke...

Path: Companies
Switzerland Limited Liability Company Formation

...g 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 companies underline accounting and auditing requirements. The GmbH is in principle subject to audit.General information Company structure IMPORTANT: At least o...

Path: Companies
British Virgin Islands International Business Company Formation

...ot be held in the British Virgin Islands; also there is no requirement for an Annual General Meeting. All meetings may be held outside the BVI, by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy. accounting requirements Whilst there is no requirement to file audited accounts or annual returns with the authorities, a company is required to ke...

Path: Companies
Belize International Business Company Formation

...e shareholders need not be held in Belize; also there is no requirement for an Annual General Meeting. All meetings may be held outside Belize, by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy. accounting requirements Whilst there is no requirement to file audited financial statements or annual returns with local authorities, a Belize IBC ...

Path: Companies
Antigua and Barbuda International Business Company Formation

...eld in Antigua & Barbuda also there is no requirement for an Annual General Meeting. All meetings may be held outside Antigua & Barbuda by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy. accounting requirements Whilst there is no requirement to file audited accounts or annual returns with the authorities, a company is required to ke...

Path: Companies
St. Vincent and the Grenadines LLC Company Formation

...ties There is no statutory requirement for any formal meetings of members. All meetings may be held outside St. Vincent & the Grenadines, by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy. accounting requirements Whilst there is no requirement to file audited accounts or annual returns with the authorities, a company is required to ke...

Path: Companies
Marshall Islands International Business Company Formation

...o restrictions for doing business outside MI Annual general meetings are not mandatory No requirements for director meetings There is no restriction on form of meeting for shareholders and directors and no restriction for place of meeting accounting requirements No audited accounts or requirement to submit annual statements but it required to keep them in order to display its financi...

Path: Companies
Vanuatu International Business Company Formation

...or Annual General Meetings to be held. Directors and Shareholders can vote by Proxy. Meetings can be held anyway in the world thus do not have to be in Vanuatu. If held outside Vanuatu, meeting can be made through telephone, or other means.  accounting requirements Annual Returns or Audited accounts are not required to be filed with the authorities. However, it is necessary for the comp...

Path: Companies
Czech Republic Limited Liability Company Formation (s.r.o)

... 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 the relevant financial statements, prepared according to the Czech accounting legislation. A corporate income tax rate...

Path: Companies
Hong Kong Limited Company Formation

...its incorporation. A company can dispense with the holding of AGM if everything that is required or intended to be done at the meeting is done by resolutions. Companies may dispense with the holding of AGMs by unanimous shareholder's consent. accounting requirements A Hong Kong company must keep accounting records, which may be kept at the registered office address or elsewhere at the di...

Path: Companies
Netherlands Limited Liability Company (LLC) Formation

...e deemed to be residents of the Netherlands (although not with respect to certain provisions, such as the participation exemption and fiscal unity). Other benefits Meetings of the board of directors may be held outside the Netherlands. accounting requirements Required to prepare and file financial statements and tax returns with the Trade Register Secretary Not Required R...

Path: Companies
Isle of Man Limited Liability Company Formation

...rposes with recognized in Europe “GB” prefix. Other benefits The Companies Act 2006 require a Limited Company to hold an annual general meeting. A meeting of the members, directors and officials of the company can be held anywhere. accounting requirements All Isle of Man registered companies require to keep reliable accounting record which: correctly explain the transact...

Path: Companies
South Africa Forex License

...ends to conduct Forex business on a discretionary basis must obtain a Category II Discretionary FSP license with FSB.Overview Annual levy paid by a licensed FSP is calculated by FSB depending on the total gross premiums (as reported by an auditor/accounting officer) and on number of Key Individuals and Representatives in FSP. Entities registered both in and outside South Africa can apply for...

Path: Licensing
Bulgaria Forex License

...ries 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 office - Required Local employee -...

Path: Licensing
British Virgin Islands Forex License

...not be held in the British Virgin Islands; also there is no requirement for an Annual General Meeting. All meetings may be held outside the BVI, by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy accounting requirements - Annual audited financial statements are required Registered Agent - Required Local office - Not Require...

Path: Licensing
Belize Money Transmission License

...e held outside of Belize, by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy For incorporating a company and obtaining a license there is no requirement to travel to Belize or have an interview accounting requirements - In Belize, financial service providers have obligations to submit quarterly financial statements, annual confirmation s...

Path: Licensing
Alderney Gambling License

...egulated by the Office of Utility Regulation - 20% - income derived from Guernsey land and buildings - 20% Other benefits There is no restriction on form of meeting for shareholders and directors and no restriction for place of meeting accounting requirements - Every year before 31st January annual return must be submitted together with general information about company and its ...

Path: Licensing
Costa Rica Gambling License

...nt of Costa-Rica tries to recover from it and in 2015 it presented new anti-money laundering policy. Some benefits of Online Gambling Company: No public records (anonymity); Highest level of privacy protection; Legal tax exemption; No accounting requirements; No requirements on professional or financial standing; Business can be conducted internationally General information ...

Path: Licensing
Belize Forex License

...hareholders need not be held in Belize; also there is no requirement for an Annual General Meeting. All meetings may be held outside of Belize, by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy. accounting requirements Belize licensed companies face the following reporting requirements: Quarterly financial reports to the IFSC (not aud...

Path: Licensing
Vanuatu Dealer's in Securities License

...olders' 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 accounting and Audit requirements  Financial statement must be prepared by an independent auditor and submitted 3 months after the anniversary...

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Mauritius Global Business License (GBL) & Investment Dealer License

...on income and dividends; No capital gains and inheritance tax; No exchange control restrictions; Standard corporate tax rate of 15% is reduced to a net effective tax rate of 3%; Free repatriation of profits, dividends and capital.  accounting and Audit The Company will be required to fil audited financial statements and tax return within 3 months from its balance sheet date...

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Curacao Gambling License

...usiness activities of the legal entity must contribute to the economic growth of Curaçao either by generating foreign currency or employment; The financial statements of the entity are required to be drawn up in accordance with generally accepted accounting standards and need to be reviewed by a qualified auditor; Transfer price calculations for goods and services rendered in inter-company re...

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Labuan Money Broking License

...e can be chosen on or the other) Other benefits There is no restriction on form of meeting for shareholders and directors and no restriction for place of meeting. It is possible to open a variety of Banks in Malaysia for the company. accounting requirements - A Labuan Offshore Company needs to have an audit performed by an approved auditor. An annual return must be filed 30 da...

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Cyprus Limited Liability Company Formation

...; the Grenadines also there is no requirement for an Annual General Meeting. All meetings may be held outside St. Vincent & the Grenadines, by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy. accounting REQUIREMENTS A Cyprus Company must submit audited financial statements to local tax authorities and the Registrar of Companies. The Comp...

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Cyprus Forex License

...f 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 double-taxation treaties Access to EU directives and EU VAT registration accounting requirements - Regular accounting and Audited accounts submission is required Registered office - Required Local employees ...

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Macau Offshore Commercial Company (OCC) Formation

...x, sales tax, stamp duty, inheritance tax, or gift tax Other benefits Stable financial system Satisfactory trading environment Platform for economic and trading cooperation between mainland China and Portuguese-speaking countries accounting requirements Every company must file annual financial statements Registered Agent Required Registered office Required Sec...

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Poland Limited Liability Company Formation

... - 19% Other benefits 100% foreign ownership: foreigners can own 100% of the shares in a Polish LLC Low minimum share capital Stable EU country with low unemployment Superb banking services and reliable bank sector in SEPA zone accounting requirements All accounting records must be written in Polish and use the Polish currency. Balance sheets and tax books must show the in...

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Limited Liability GmbH in Germany

... The average tax burden is 30% 0.8% solidarity surcharge (5.5% on corporate tax) The median rate in Germany is approximately 14% business tax — depending on location, business taxes can be higher or lower 15% corporate tax accounting requirements Annual Returns or Audited accounts are not required to be filed with the authorities. However, it is necessary for the comp...

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Cayman Islands Company Formation

... (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 transfers. accounting requirements Annual returns must be filed yearly in the Cayman Islands.  However, there is no requirement for corporations to submi...

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Malta Private Limited Company Formation

...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 office Required accounting Required Audit Required Annual return Required Tax return  Optional Company name Cannot contain such wor...

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Andorra Limited Liability Company (SL) Formation

...or the last few years in order to abandon the status of “tax heaven” and to become a transparent and modern economy and a well-reputed low tax jurisdiction.Timeframe: up to 3 months Minimum paid up capital: EUR 3,000 accounting and audit: starting from 5,500 EUR + 4,5% VAT * *Depending on the number of transactions the company executes each month/year....

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Saint Kitts and Nevis Limited Liability Company (LLC) Formation

...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 benefits No annual reporting, financial or accounting requirements, but company is required to keep financial records to reflect a company's financial status. International offshore companies...

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Estonia Private Limited Liability Company (Osaühing or OÜ) Formation

...sp;University, etc. without obtaining a respective license   Name denoting any connection to local, state or national government are generally prohibited, e.g. Eesti    Reporting Filing annual report is obligatory; accounting records shall be kept in Estonian; VAT and salary declarations are filed monthly.  Benefits Possibility to obtain e-resid...

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New Zealand Forex License

...nforcement 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 Double Taxation Avoidance (DTA) agreements signed accounting & Audit  accounting year starts on the 1st day of April Annual Returns must be filed to the Companies Office Annual audi...

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