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Go Tech! 15% corporate tax in China for Tech Companies
...t about the upcoming year and the new tax rules? The Chinese government still supports technology, therefore the Ministry of Finance announced a new period for these benefits. The underlying idea of Chinese tax exemption is the **reduction of the corporate tax** to 15%. It works in 21 different cities and, as was mentioned above, is preferential only for high-tech firms. The news is that this r...
Path: BlogSpain's Prime Minister is planning to reform corporate tax and related taxes
Pedro Sánchez, Spain’s new prime minister, in his speech before parliament has promised to make **changes to the rules of corporate tax and establish a new minimum of an effective tax rate and increase public spending**. Mr. Sánchez stated that his government would seek to “redesign” corporate tax to ensure that **the effective rate of large corporations is close to the headline r...
Path: BlogEstablishing an Offshore Business: An Overview
... registration numbers. 1. Legally Exempt from Taxation Jurisdictions In addition to being legally tax-exempt, jurisdictions like Singapore and Hong Kong provide the following benefits: Tax Advantages: Proper structuring enables 0% corporate tax on foreign revenue. - If the business is run totally overseas, has no local bank account, and is managed from overseas, Singapo...
Path: BlogNetherlands Accounting Services
Netherlands is a world-class 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,...
Path: AccountingLabuan Money Broking License
Labuan serves as an attractive place for setting up forex brokerage business in the Malaysia region and provides relatively favourable corporate taxes.Incorporation & obtaining license: from 4 months Minimum paid up capital: RM500,000 (unimpaired by losses) or its equivalent in any foreign currency (we recommend to have approx. USD 130 000, 00 as a paid-up capital) ...
Path: LicensingRepeal of the Bermuda tax reform as the general service tax got denied
...de. Moreover, the EU now considers Bermuda as a “non-cooperative” tax jurisdiction. This means that **2018\19 plans are very challenging for the Bermuda government**. They will have to deal with potential economical threats, like the US lowering corporate taxes, as well as implementing new rules and bringing jurisdiction’s economy to a higher grade. Wondering where to relocate your busine...
Path: BlogCanadian Limited Partnership Formation
Canada is an excellent jurisdiction for foreign investment and for doing business due to the strong and well regulated banking system, relatively low corporate tax rates.Incorporation: up to 3 working days + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview Limited Partnerships is a simple form of business registration ...
Path: CompaniesRAK ICC or Ajman Offshore Company Incorporation
United Arab Emirates Emirates is a prestigious jurisdiction for the incorporation of the company, where a 0% corporate tax regime exists.Incorporation: up to 10 working days +delivery time for the courier Minimum paid up capital: no minimum capital requirement Overview: United Arab Emirates (UAE) is located in the Western Asia and has ranked as 9th in...
Path: CompaniesNetherlands Audit Services
Netherlands is a world-class business country. The main advantages of the country are supportive corporate tax structure, highly educated, multilingual workforce, and superior logistics and technology infrastructure.Description Only medium and large companies are required by law to have their annual report audited by independent, qualified and registered Dutch auditors. The auditor is...
Path: AccountingHow to Obtain a Crypto License in Saint Vincent and the Grenadines
...for crypto businesses in SVG? SVG offers no corporation tax, no withholding tax, and low operating costs. There are also no minimum capital requirements for company formation, and non-resident shareholders are exempt from income, capital gains, and corporate taxes. 5. Can foreign nationals obtain a crypto license in SVG? Yes, foreign nationals can obtain a crypto license in SVG. There are no ...
Path: BlogHungary is on its way to become an offshore heaven
...eputation in those questions, more and more companies choose her to run their business on paper there. Hungary was put on the map of ‘international tax planning’ by the government’s tax modifications made in 2010. Due to experts, **the low corporate tax and the lack of several types of business taxes that companies must pay in other European state are enough to make Hungary a perfect tar...
Path: BlogInternational Monetary Fund demands tax reform from Hong Kong
...his jurisdiction lately. For Hong Kong economy to stay competitive and flexible at the same time, it is vital to **rework tax structure** and change the approach. Nowadays, Hong Kong government receives the most revenue from real estate tax and corporate tax. These figures are 28 and 30 percent respectively, which is relatively high compared to other jurisdictions. These taxes are hard to bea...
Path: BlogLocal Swiss Authority Planning to Accept Taxes in Cryptocurrency
...global blockchain and digital currency because if its tax-friendly system, favorable political, economic, and technological environment, and accessibility to business and research companies. Crypto’s not all it’s doing. The Zug region offers low corporate taxes for all companies and has been accepting Bitcoin payments for certain government services since 2016, making it an attractive destinat...
Path: BlogWhy Moving Your Business Offshore Sounds Reasonable
... UK or the USA and in offshore territories - where property, capital gains, dividend and other taxes are very low. Furthermore, Bahamas, Isle of Man, Bermuda, Bahrain and the Cayman Islands don’t have any corporation taxes at all. In contract, the corporate tax in countries with advanced economies is exceedingly high. Setting up an offshore or an international business company (IBC) is convenie...
Path: BlogThe main benefits of Cyprus formation
...ctioning in an EU country, since Cyprus is a member of the European Union. Additionally, the island has well-versed, professional staff who speak fluent English, as well as know Russian since it is, also, a popular language for business. **Actual corporate tax legislation** One of the reasons why Cyprus became such a good business jurisdiction is the business-friendly tax system that gives a...
Path: BlogEU Has Amended The List Of Non-Cooperative Tax Jurisdictions
...es (UAE) -Vanuatu -Dominica Over the course of last year, the Commission evaluated 92 countries in accordance to three criteria: tax transparency, good governance and real economic activity; as well as one indicator, the existence of a zero corporate tax rate. The evaluation process proven to deliver real changes: a lot of countries took actions to resolve the Commission's concerns and ad...
Path: BlogIsle of Man Gambling License
...cated 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 time of writing) Currently no levy is charged on operators corporate tax on gaming companies is 0% No capital gains tax or inheritance tax Income tax payable per year capped at £120,000 for individuals ...
Path: LicensingBahamas Payment Services Provider License
... of licensed entities in terms of usage of payment instruments, including electronic money products and related services provided by all entities licensed for that purpose. You will benefit from following when incorporate in the Bahamas: No corporate tax Payment institutions enjoy less stringent regulatory Advantageous tax treatment for shareholders of PSPs A stable political enviro...
Path: LicensingLabuan Investment Banking License
...t 2 directors (with banking background) that meet the fit & proper person criteria; Principal Officer (can be one of the Director); Compliance Officer (independent from the Board of Director); At least 3 local employees Taxation corporate tax rate of only 3% no withholding tax on dividends, interest, management fee, royalty and technical fees no import duty, sales ta...
Path: LicensingCyprus Investment Fund License
...n Cyprus tax laws are designed to support the development of the country as an international financial and business center, to promote international investment and to support the development of financial services 30% personal income tax 0% corporate tax as gains from trading in securities are tax exempt exemption from tax on dividend income (subject to certain conditions) no withhold...
Path: LicensingBulgaria Crypto License
...ntiality Beneficial owners' details – disclosed to the Authorities Shareholders' details – part of public record Directors' details – part of public record Taxation Cryptocurrency businesses in Bulgaria are subject to a corporate tax rate of 10%. This is one of the lowest corporate tax rates in the European Union, making Bulgaria an attractive destination for cryptocu...
Path: LicensingSwitzerland Crypto License
...c and legal infrastructure which offer exceptionally high levels of both corporate and individual security; Tax reduction - If the holding company owns 20% of the share capital of another legal entity, it can also benefit from the reduction of the corporate tax rate at the federal level; Exemptions from the dividends - The double tax treaties signed by Switzerland with the European Union and s...
Path: LicensingSeychelles Securities Dealer License
...olders) 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 tax rate of 15% is reduced to a net effective tax rate of 3%; Free repatriation of profits, dividends and capital. Accounting and Aud...
Path: LicensingGeorgia Payment Service Provider Authorization (PSP)
... issuing and/or acquiring payment instruments remittances issuing electronic money executing payment transactions Benefits of Georgia PSP authorization: Incorporation of a company can be done within a week 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 th...
Path: LicensingSouth Africa Crypto License
...ty Beneficial owners' details – disclosed to the Authorities Shareholders' details – part of public record Directors' details – part of public record Taxation Crypto businesses in South Africa are subject to standard corporate tax rates. Profits from crypto trading and operations are taxed as part of corporate income. There are no specific tax incentives or benefit...
Path: LicensingCyprus Crypto License
...ons and experience. Confidentiality Beneficial owners' details – disclosed to the Authorities Shareholders' details – part of public record Directors' details – part of public record Taxation The corporate tax rate in Cyprus is 12.5%. There are no additional taxes specifically for cryptocurrency businesses. Accounting requirements ...
Path: LicensingNew Zealand Crypto License
...ns. Confidentiality Beneficial owners' details – disclosed to the Authorities Shareholders' details – part of public record Directors' details – part of public record Taxation New Zealand has a standard corporate tax rate of 28%. Cryptocurrency gains are treated as ordinary income and taxed accordingly. There is no capital gains tax, but income from c...
Path: LicensingCyprus Accounting Services
...ce center.Also, since becoming a full EU Member State, Cyprus has adopted the EU Legislative Framework, however at the same time 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 differen...
Path: AccountingLabuan Accounting Services
... Malaysia has an extensive network of tax treaties with more than 72 counties. It eases the international cooperation between companies. This network can be also used by the companies in Federal Territory of 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 inst...
Path: AccountingBahamas Dealing in Securities License
...idency 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 Accounting & Audit The Company will be required to file a copy of its audited financial statements with the Commiss...
Path: LicensingEstonia Crypto License
...cial owners' details – disclosed to the Authorities Shareholders' details – part of public record Directors' details – part of public record Taxation Estonia offers a favorable tax regime with no tax on reinvested profits. corporate tax is 20% on distributed profits only. Accounting requirements Filing annual report is obligatory Secretary...
Path: LicensingUK Crypto License
...ntiality Beneficial owners' details – disclosed to the Authorities Shareholders' details – part of public record Directors' details – part of public record Taxation Crypto businesses in the UK are subject to standard corporate tax rates. Capital gains tax applies to the disposal of cryptocurrencies, and income tax is applicable if cryptocurrency is received as paym...
Path: LicensingAndorra Limited Liability Company (SL) Formation
...irectors in Andorra. Residency is available to company shareholders that fulfill some of the requirements. Nevertheless, the particular requirements depend mostly on the activities and the countries you are trading with. Andorra offers attractive corporate tax rates, which are among the lowest in Europe varying from 2% to 10%, and Europe’s lowest VAT rate set at 4,5%, as well as special holdi...
Path: CompaniesQuebec Company Formation
...for the corporation's debts). Creditors also cannot sue shareholders for liabilities (debts) incurred by the corporation, even though shareholders are owners of the corporation. Because corporations are taxed separately from their owners, and the corporate tax rate is generally lower than the individual tax rate, incorporation may offer you some fiscal advantages. We strongly suggest that you a...
Path: CompaniesScotland Limited Partnership Formation
...y the agent on a confidential basis. Taxation LP companies that do not carry on any commercial operations in UK; do not derive any income 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 r...
Path: CompaniesGibraltar Limited Liability Company Formation
...d, 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 local taxes except for corporate tax on profits remitted to Gibraltar. Non-resident controlled companies are permitted to trade within Gibraltar and with Gibralt...
Path: CompaniesEstonia Private Limited Liability Company (Osaühing or OÜ) Formation
...on links with Russia, Nordic markets such as Finland and Sweden as well as with its Baltic neighbours Latvia and Lithuania. Being the European Union member state, Estonia enjoys high levels of investment, financial freedom, and property rights while corporate tax rates remain relatively low. Moreover, Estonian companies and branches of foreign entities are subject to income tax only in respect to ...
Path: CompaniesIreland Private Limited Company Formation
...t least 2 Directors 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 12.5% corporate tax rate on trading income is one of the lowest “onshore” corporate tax rates in the world A tax rate of 25% applies to passive income...
Path: CompaniesSaint Kitts and Nevis Limited Liability Company (LLC) Formation
...d 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 benefits No a...
Path: CompaniesMalta Private Limited Company Formation
...nformation 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 office Required ...
Path: CompaniesCayman Islands Securities Investment Business License
...nd 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 Audit requirement...
Path: LicensingLimited Liability GmbH in Germany
...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% business tax — depending on location, business taxes can be higher or lower ...
Path: CompaniesPoland Limited Liability Company Formation
...ation 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 in a Polish LLC...
Path: CompaniesLimited Liability Company in Latvia
...persons or corporate bodies being the Members of the SIA, which can be from any legal jurisdiction worldwide. Positioned at the crossroads of northern and eastern Europe, the Baltic state of Latvia is rapidly making the most of its EU membership. corporate tax rate is fixed at 15%, one of the lowest in the EU. Advantages of Limited Liability Company in Latvia: - High repu...
Path: CompaniesCosta Rica Gambling License
... also legal persons. The companies for conducting online gambling activities are required to obtain a simple license known as “data processing license. Although this used to be a popular place for online gambling companies due to the absence of corporate taxes and relatively cheap company formation services, in recent years the situation has changed due to money laundering scandal. The govern...
Path: LicensingSingapore Crypto License
... Beneficial owners' details – disclosed to the Authorities Shareholders' details – part of public record Directors' details – part of public record Taxation Singapore has a favorable tax regime for crypto businesses: corporate tax: The corporate tax rate is 17% on profits. No Capital Gains Tax: Profits from crypto trading are generally not subject to capital gain...
Path: LicensingGibraltar Crypto License
...tails – disclosed to the Authorities Shareholders' details – part of public record Directors' details – part of public record Taxation Gibraltar offers a favorable tax regime for businesses. Companies are subject to a flat corporate tax rate of 10% on profits derived from activities within Gibraltar. There is no capital gains tax, VAT, or inheritance tax Acco...
Path: LicensingCyprus Forex License
...utive 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 double-taxation trea...
Path: Licensing