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South Korea to tax capital gains on crypto
Crypto 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: BlogCrutial amendments to the Polish tax legislation in 2019
The CIT (Corporate Income tax) in Poland is a tax collected from legal entities and the PIT (Personal Income tax) is collected from physical persons. The amount of CIT is based on the net income companies obtain exercising their business activity, and the PIT must be paid by every individual who obtains income, e.g. receives remuneration (under employment contracts or civil law agreements) often ...
Path: BlogBelarus exempts Forex trading from taxes
The 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: BlogWill Bahamas be removed from the EU tax blacklist?
On 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: BlogGST and Excise tax Revision in Belize’s New Budget
**Belize’s 2018 budget** brought significant changes for indirect **tax system**. These revisions are mostly directed at complying with the global taxation standards, therefore, concerning Goods and services tax (GST) 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: BlogSouth Korea is planning to amend current tax legislation in order to boost blockchain startups
**The government of South Korea announced its plans to amend current tax rules in the part that concerns innovative companies – including, but not limited to, blockchain and crypto startups.** During a meeting of ministers from government agencies, a decision was made to expand tax benefits for companies that focus their research and development (R&D) on modern technologies. This move was ma...
Path: BlogSaint Vincent and the Grenadines’ budget: tax relief and amnesty
The **tax amnesty** season has already started and today we have important news for the residents of **St. Vincent and the Grenadines**. This territory revealed the latest budget with **good news for taxpayers**. It refers to both, private individuals and companies. Legal entities will have company **tax reduced by 2.5%**. Also, the hotel owners will have to pay **1% less income tax**. These a...
Path: BlogNew tax relief measures in Hong Kong budget
The 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: BlogOffshore jurisdictions introduce strict requirements for tax residents
Due to pressing demands from the EU, **well-known offshore jurisdictions will legally require tax residents to open physical offices and hire employees within their territories**. tax residents of popular offshore jurisdictions such as the Cayman Islands, Bermuda, the Isle of Man, Guernsey and Jersey will be required to open "real" offices and hire employees starting from 2019. Earlier this year,...
Path: BlogAttention! New guidelines for crypto holders were announced by the UK tax Agency
**The UK’s tax agency has recently issued a detailed description of how it regards crypto assets and how its owners might be taxed on their assets.** HMRC (Her Majesty’s Revenue and Customs), the branch of government in charge of tax collection and overseeing other aspects of the nation’s treasuries, stated that one of latest reports particularly aims to describe how persons owing digita...
Path: BlogInternational Monetary Fund demands tax reform from Hong Kong
**Hong Kong economy is one of the most attractive among the international entrepreneurs**. This is why the International Monetary Fund issued tax reform recommendations for this 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 ...
Path: BlogRepeal of the Bermuda tax reform as the general service tax got denied
Even though the financial regulators of **Bermuda** had extensive plans regarding the **tax reform**, a lot has changed since then. Previously, we informed our readers about the implementation of a general service tax, however, it is dismissed from now on. The 2018\19 pre-budget report declares **tax amnesty** in controversy to the old plans. This amnesty will consist of a cancellation of la...
Path: BlogThe new transparent taxes in Latin America and the Caribbean
The **newest tax transparency standards** are evolving all over the world. In the early 2018, the UN ECLAC (United Nations Economic Commission for Latin America and the Caribbean) celebrated its 70th anniversary. What happened and how business conditions will change in this region? We will analyze the newest tendencies and explain how business will develop in **LatAm** and the **Caribbean**. ...
Path: BlogGo Tech! 15% Corporate tax in China for Tech Companies
...at the more you go tech - the more you get. The innovation and information technology companies are everywhere and the development of the artificial intelligence, virtual reality and other novelties continues 24/7. Since 2014, China launched **tax privileges for the high-tech firms**. These benefits can be applied relevantly easy: the company only needs to file documents to the local authori...
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: Blogtax storm. British Virgin Islands ceased to be a "haven" for shall companies
Another convenient tax haven is lost for business - the British Virgin Islands (BVI). 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...
Path: BlogThe New Labuan tax Regime: Towards the Advancement
... reasonably good place for the international business. However, it still needs to improve action standards with the BEPS Action 5. It is the latest standard of the OECD that should be followed by members of the BEPS Inclusive Framework. Adapting tax legislation to the **new rules** is supposed to start at the earlier convenience since the regime is aligned with these standards and is recognize...
Path: BlogThe grand taxpayer data swap is approaching
Considerable increase in number of states participating in the **Convention on Mutual Administrative Assistance in tax Matters** caused a huge impact on the number of countries that will automatically conduct financial account information exchange in September 2018. The abovementioned **Convention is the main multinational instrument for the exchange of information related to tax matters**, ...
Path: BlogRussian tax Authority has received data on foreign accounts and assets of its citizens in 58 countries
**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: BlogEU Has Amended The List Of Non-Cooperative tax Jurisdictions
The Council of the EU, based on an intense process of analysis and dialogue steered by the Commission, has amended the EU list of non-cooperative tax jurisdictions by adding to it ten jurisdictions. Up until today, there were five territories blacklisted by the EU: American Samoa, Guam, Samoa, Trinidad and Tobago, as well as the US Virgin Islands. **The updated list contains the following co...
Path: BlogUK government has stopped tax data exchange with Russian Federation
Russia was not included in the new list of countries which were approved for information exchange with UK. **According to the message of the HM Revenue and Customs (HMRC), UK has ceased the exchange of tax information with Russia.** The above-mentioned statement provides a list of countries that UK shares tax data with. Russia is not mentioned in the list of countries for 2019. Based on c...
Path: BlogHow to report foreign income on US tax return?
*Most of today's employees or businesses are looking forward to work internationally. When a person receives an international payment a question on how to pay income taxes will arise.* Earnings shall be displayed in the US tax return, and we would like to draw your attention to some points of income reporting. We will focus on two most common situations: when you earn money abroad while being...
Path: BlogHow cryptocurrency will be taxed in the UK?
The 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: BlogControversy on 30% Crypto tax in India
- 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: BlogLocal Swiss Authority Planning to Accept taxes in Cryptocurrency
**Authorities in the Swiss canton of Zug plan to begin accepting taxes in cryptocurrency from the start of next year.** From February 2021, citizens and companies based in Zug will be able to pay of their taxes in either Bitcoin (BTC) or Ether (ETH), as the two are the biggest cryptocurrencies in the market. Starting from next year this will be applicable for local citizens and companies as th...
Path: BlogHow to store your crypto with the less tax consequences
Cryptocurrency 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: BlogSt. Vincent and the Grenadines LLC Company Formation
St. Vincent LLC enjoys tax-free regime and high degree of confidentiality.Incorporation: 2 weeks + delivery time for the courier No minimum paid up capital requirements Overview Part of the Windward Islands located in Eastern Caribbean, about 1,600 miles south-east of Miami, St. Vincent is the largest of the more than 30 islands that comprise the nation state of Saint ...
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: CompaniesCyprus Limited Liability Company Formation
Limited 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: CompaniesIsle of Man Limited Liability Company Formation
Straightforward company formation in prestigious jurisdictions for global tax planning and holding purposes.Incorporation: 5 working days + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview The Isle of Man is a self-governing British crown dependency, located in the Irish Sea at the geographical center of the British Is...
Path: CompaniesSwitzerland Limited Liability Company Formation
Switzerland is one of the most attractive jurisdictions for holding companies, granting special tax status in stable and reliable political and legal environment.Incorporation: within 10 working days + delivery time for the courier Minimum paid up capital: CHF 20,000 Overview Switzerland is a small mountainous country located in central Europe. This landl...
Path: CompaniesHong Kong Limited Company Formation
No 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, ...
Path: CompaniesVanuatu International Business Company Formation
Vanuatu IBC is the most commonly used offshore entity known for its flexible corporate structure, exemption from all taxes and stamp duty.Incorporation: within 5 working days + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview Vanuatu, officially the Republic of Vanuatu, is an archipelago in the South Pacific Ocean, eas...
Path: CompaniesSingapore Private Company Formation
Singapore Limited Liability Company is an effective business tool for starting an offshore business due to minimal business restrictions, tax exempted non-local business operations.Incorporation: within 9 working days + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview The Republic of Singapore (SG) is an islan...
Path: CompaniesNetherlands Limited Liability Company (LLC) Formation
The Netherlands Limited Liability Company Besloten Vennootschap (BV) is advantageously used by holding and financial companies for tax exemption purposes and structuring international financial transactions.Incorporation: ~ 1 week + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview The Kingdom of Netherlands, commonly c...
Path: CompaniesUnited Kingdom Limited Liability Partnership Formation
UK 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: CompaniesLabuan International Business Company Formation
Low 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: CompaniesAntigua and Barbuda International Business Company Formation
An Antigua offshore company enjoys a wide range of tax exemptions and high-levels of confidentiality.Incorporation: 1 week + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview The country is a small island developing state (SIDS) in the Eastern Caribbean. The country’s primary resources include a very agreeable climate...
Path: CompaniesBelize International Business Company Formation
Belize International Business Company offers an incorporation option in a lucrative tax environment with minimal administrative burdens.Incorporation: 48 working hours + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview Belize is an independent country, beautiful by nature, located on the Caribbean coast of Cen...
Path: CompaniesBritish Virgin Islands International Business Company Formation
Full tax exemption, flexibility, as well as solid reputation and high privacy standards of the jurisdiction make BVI BC a great option for virtually any corporate structure.Incorporation: 5 working days + delivery time for the courier (3-5 days) + 3 working days for the apostilled documents Minimum paid up capital: No minimum capital requirement Overview The Bri...
Path: CompaniesScotland Limited Partnership Formation
Scottish LP features a flexible tax structure, confidentiality and no requirements to file financial statement.Incorporation: 3 working days + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview Scotland is the northern section of the United Kingdom that is leading global financial and business centre and an important jur...
Path: CompaniesSeychelles International Business Company (IBC) Formation
International Business Company in Seychelles is an ideal solution for confidential and fully tax-exempted international business: no requirements to file annual returns, no taxes or stamp duties, no US or IRS interference, no public records. The Seychelles IBC is commonly used for international trading operations, investments and holding purposes, leasing of vehicles or aircraft, marketing and fi...
Path: CompaniesQuebec Company Formation
Quebec Corporation is an attractive entity for business establishing and setting up regional headquarters in Canada with generous tax regime for new investments, tax holidays for foreign researchers and experts and access to the North American market.Incorporation: 1 month – month and a half + delivery time for the courier Minimum paid up capital: No minimum capital requirement...
Path: CompaniesGibraltar Limited Liability Company Formation
Limited Liability Company in Gibraltar for international business purposes. Gibraltar is a stable EU jurisdiction that offers legitimate tax advantages and exempted from VAT. Gibraltar non-resident company is commonly used for international trading and holding business, as well as e-commerce.Incorporation: 7 working days + delivery time for the courier Minimum paid up capital: 1 GBP ...
Path: CompaniesCayman Islands Company Formation
The Cayman Islands are well known as a tax haven because it has no income taxes and has an easy process for offshore incorporation.Incorporation: approx. 5-6 working days Minimum capital requirements: US$ 1 Overview The Cayman Islands offer their corporations many benefits including political & economic stability, fast incorporation, low registration fees, and...
Path: CompaniesAndorra Limited Liability Company (SL) Formation
Andorra has gone through numerous changes for 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 transa...
Path: CompaniesCryptocurrency Exchange License in El Salvador
El Salvador adopted Bitcoin as legal tender in June 2021 and became the first country to officially recognize the digital currency at the national level. The government's rapid development of the cryptocurrency sector is supported by tax incentives and exemptions for companies with a cryptocurrency license in El Salvador. Timeframe: within 3 – 4 months Minimum capital requirement: Share c...
Path: LicensingMauritius Accounting Services
...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: AccountingBulgaria Audit Services
Bulgaria is considered to have a favourable tax regime as it has one of the lowest Corporate Income tax rates in the European Union.Description Bulgaria is favorable to companies not only because of the convenient tax regime, but also of low costs of doing business and great access to different markets. The Bulgarian Accountancy Act requires that financial statements of th...
Path: AccountingUnited Kingdom Accounting Services
The 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: AccountingHong Kong Accounting Services
Hong Kong is a free economy that is situated in the fastest growing nation in the world, People’s Republic of China. As an international commercial logistics and financial centre, Hong Kong also has one of the most favourable tax regimes in the world.Description The law requires Hong Kong-incorporated companies to prepare audited financial statements. Although there is no requiremen...
Path: AccountingVanuatu Accounting Services
Vanuatu tax haven has the advantage of directing the finances they would have spent on taxes on other productive functions that can facilitate the growth and expansion of a business.Description Vanuatu is considered one of the tax heavens. And most of the reasons that support this claim are encouraging business development in the region. For example: Vanuatu In...
Path: AccountingNetherlands 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: AccountingCyprus Audit Services
Cyprus is considered to be a haven for modern business. Their main advantages are their Strategic Location, the Sophisticated Infrastructure, the Highly-Educated Workforce and the Favorable tax System.Description As Cyprus has joined the EU, it has brought the country economic and political stability which transformed the island into an international business hub and a corporate servi...
Path: AccountingCyprus Accounting Services
Cyprus is considered a haven for modern business. Their main advantages are their Strategic Location, the Sophisticated Infrastructure, the Highly-Educated Workforce and the Favorable tax System.Description As Cyprus has joined the EU, it has brought the country economic and political stability which transformed the island into an international business hub and a corporate service cen...
Path: AccountingBulgaria Accounting Services
Bulgaria is considered to have a favourable tax regime as it has one of the lowest Corporate Income tax rates in the European Union.Description Bulgaria is favorable to companies not only of the favorable tax regime, but also of low costs of doing business and great access to different markets. Due to its locations Bulgaria provides a direct access to European Union, Turkey, CIS, Midd...
Path: 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: LicensingGeorgia Crypto License
...s must obtain a license, which involves meeting stringent requirements such as robust anti-money laundering (AML) measures and thorough know-your-customer (KYC) procedures. Additionally, Georgia’s streamlined application process and competitive tax incentives make it an appealing choice for crypto enterprises. The country’s proactive approach to digital innovation and regulatory clarity fos...
Path: LicensingIsle of Man Gambling License
Although, Isle of Man is under British dependency, it is self-governing and not bound by the laws of the UK. The Island is famous as a low tax economy with zero capital gains tax, wealth tax, stamp duty, or inheritance tax. Also, the island is extremely favorable for business as it has 0% Corporate Income tax. It is considered as a banking and financial services hub with tourism also making a sig...
Path: LicensingMalta Gambling License
Malta is part of the European Union which makes it a very attractive jurisdiction to obtain a gambling license in. It comes with tax incentives and an expert work force.Incorporation & obtaining license: 4-6 months Minimum paid up capital: Type 1 – Minimum €100,000 Type 2 – Minimum €100,000 Type 3 – Minimum €40,000 Type 4 – Minimum €40,000 Over...
Path: LicensingVanuatu Dealer's in Securities License
Vanuatu is a great place for launching forex brokerage company due to its low capital requirements and variety of tax benefits.Incorporation & obtaining license: 4-6 months Minimum paid up capital: No minimum capital requirement. Instead, government bond of approx. USD 50 000 is used. Overview Vanuatu, officially the Republic of Vanuatu, is an archipelago in the S...
Path: LicensingUSA Nevada Limited Liability Company Formation
Nevada is becoming a popular place to form companies as they have low state tax, high privacy and confidentiality and their environment is corporation friendly.Incorporation: up to 10 working days Minimum capital requirement: No minimum share capital requirement Overview Although Nevada's privacy protection carefully protects owners and shareholders, but such priv...
Path: CompaniesAuthorised Company in Mauritius
Mauritius 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: CompaniesUruguay Limited Liability Company Formation
An Uruguay Limited Liability Company (Sociedad de Responsabilidad Limitada) can be both totally tax exempt and 100% foreign owned entity.Incorporation: around 2-3 weeks + delivery time for the courier Minimum share capital requirement: $1.00 USD Overview Uruguay is an independent republic in South America. Limited Liability Company in Uruguay is better suited for ...
Path: CompaniesPacific Private Bank Account Opening
Pacific Private Bank is a full-service bank founded in 1997 and registered in Vanuatu, an international financial center in the Pacific. Its geographical, economic, tax and legal environment is favorable for foreign investor capital protection.Account opening: 7-14 working days Overview: Pacific Private Bank is a full-service bank founded in 1997 and registered in Vanuatu,...
Path: BanksPacific Private Bank Account Opening
Pacific Private Bank is a full-service bank founded in 1997 and registered in Vanuatu, an international financial center in the Pacific. Its geographical, economic, tax and legal environment is favorable for foreign investor capital protection.Account opening: 7-14 working days Overview: Pacific Private Bank is a full-service bank founded in 1997 and registered in Vanuatu,...
Path: BanksBulgaria Forex License
Bulgaria has a strategic location, allowing investors to access the entire EU and the markets of central and Eastern Europe. Bulgaria has a predictable and stable economy and government, and boasts the lowest corporation tax in the EU at only 10%. In order to provide brokerage services it is required to become an Investment Intermediary regulated by the Financial Supervision Commission of Bulgari...
Path: LicensingBelize Money Transmission License
Belize provides possibility for financial service providers to obtain different financial licenses with local Regulator - IFSC. Belize licensed entities enjoy high level of confidentiality, tax exemption and other benefits of modern and user-friendly offshore legislation.Incorporation & obtaining license: 3-4 months Minimum paid up capital: USD 75,000.00 * License fee: US...
Path: LicensingBritish Virgin Islands Forex License
British Virgin Islands (BVI) often referred to as “offshore tax heaven” is one of the most popular forex jurisdictions due to absence of profit, corporation and capital gains tax.Incorporation & obtaining license: depending on the Regulator. In general, can take from 4 weeks to 4 months Minimum paid up capital: is set on case-by-case basis. Once the application is submitted t...
Path: LicensingSt. Vincent and Grenadines International Banking License
Saint Vincent and the Grenadines grants fair opportunities for setting up an International Bank as well as provides great business advantages – Banks are exempt from any taxes. Registration of International banks is governed by the International Banks Act of 2004 and Regulations. Supervision body for International banks is the Financial Services Authority.Timeframe: between 4 and 8 month...
Path: LicensingLabuan Investment Banking License
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: LicensingCyprus Investment Fund License
Cyprus is a resilient and dynamic business center, offering a business-friendly, international and cost-effective environment for the operating companies in this jurisdiction. Also, it is a well-regulated EU member state, combines tax efficient features of a modern financial center with the necessary infrastructure for the investment fund industry.Timeframe: up to 4 months Minimum capital req...
Path: LicensingCanadian 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: CompaniesHow to Start Your Own Forex Brokerage Business
... Choose the Right Jurisdiction Registering your company in the right jurisdiction is a critical aspect of starting a brokerage. Your choice depends on your goals, budget, and client requirements. Popular jurisdictions include: Cyprus: Attractive tax conditions and robust regulatory oversight Seychelles: Simpler and more affordable setup, though less prestigious United Kingdom: One of the mos...
Path: BlogComprehensive Guide to Opening an Offshore Company in Seychelles
...s://offshorelicense.com/storage/app/uploads/public/66a/394/1ee/66a3941ee12ff719658286.jpg) Seychelles has become a prominent destination for entrepreneurs and businesses looking to establish offshore companies. Its favorable business environment, tax advantages, and streamlined registration process make it an attractive option for international business activities. This article will provide an ...
Path: BlogEstablishing an Offshore Business: An Overview
 Offshorelicense assists multinational clients in effectively creating offshore companies. When set up properly, an offshore business offers many benefits, such as: tax Benefits: Take use of exemptions or low-tax locations that are appropriate for your company's requirements. Asset Security: Protect your personal and commer...
Path: BlogHow to Obtain a Crypto License in Saint Vincent and the Grenadines
...bbean Dollars (about USD 37,000)  Benefits of Obtaining a Crypto License in SVG 1. Favorable tax Regime No Corporation tax: There is no corporation tax or withholding tax on income generated by the company. Low Operating Costs: The jurisdi...
Path: BlogBusiness advantages of Belize offshore jurisdiction
...here you can easily operate limited partnership, banking business, trust or mutual fund, international insurance company, online gaming, Belize shipping company and others. Everything is under the law and most types of offshore entrepreneurships are tax exempt. **What are basic advantages of starting a business in Belize?** Like another popular offshore jurisdiction, formation process is fai...
Path: BlogThe Online Gambling Sector: A Booming Business
...dvantages of having an online gaming licence: 1. Legal Compliance Engage in legal operations across numerous international countries. Provide your services to clients anywhere in the world without facing any legal issues. 2. tax Advantages In some offshore licensing countries, take advantage of advantageous tax rates or even tax exemptions. 3. Increased Business Oppor...
Path: BlogPros and cons of Labuan company formation
...ents but still there are some interesting factors you, as entrepreneur, should know about. Labuan International Company is the most popular business structure when you decide to create an offshore company in Malaysia. This jurisdiction grants low taxes for international business. For example, company’s paid-up capital is limited to 1$ and you can also enjoy advantages of paying only 3% or fix...
Path: BlogIndia is up to Classifying Crypto-Exchanges as e-Commerce Platforms
The exchanges will probably comply to the Indian Goods & Services tax (GST) regime. Country’s government is about to implement regulatory clarity on the Indian booming crypto-industry. According to local media “Business Standard” report released last Wednesday the plan is to label crypto-exchanges as e-commerce platforms. This governmental initiative will result in Indian crypto-exch...
Path: BlogHong Kong Audit Services
Hong Kong is a free economy that is situated in the fastest growing nation in the world, People’s Republic of China. As an international commercial logistics and financial centre, Hong Kong also has one of the most favourable tax regimes in the world.Description All companies incorporated in Hong Kong are required to appoint qualified and independent auditors to perform annual statu...
Path: AccountingNetherlands 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: AccountingMauritius Audit Services
...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: AccountingVanuatu is Willing to Move Its Financial Dealers Onshore
... the 2010, Vanuatu has significantly upgraded its regulatory and monitoring systems, as well as its legal framework, arising them on par with global standards. The country is an active participant in all major global initiatives in the fight against tax evasion, money laundering and the financing of terrorism, and a willing adherent to the OECD’s Common Reporting Standard (CRS). In other word...
Path: BlogRESIDENTSHIPS AND CITIZENSHIPS
Obtaining residentship and citizenship in various regions worldwide, may provide you with a lot of competitive advantages such as visa free travel, wealth preservation, investment opportunities, personal security and tax advantages. We provide assistance with obtaining residentship and citizenship in various regions worldwide: Asia Pacific residentship and citizenship Caribbean residen...
Path: AdditionalHungary is on its way to become an offshore heaven
When discussion on centers of an offshore speculation countries arises, the Balkan country, definitely, is not the first one to come up. However, the relevant tax modifications implied by the Orbán-administration may change the situation dramatically, turning Hungary into the beneficial financial and economic environment for such schemes. That resulted in Hungary receiving criticism for helping ...
Path: BlogHow to Incorporate a Company and Why it is Beneficial
...ss. First of all, this process lets you act like a separate legal entity and use all privileges of a certain jurisdiction. What benefits can incorporation bring you as a businessman? The main advantages include asset protection, asset transfer, low tax rates and many others. Registration process tends to be easy in many countries now. Follow our recommendations below to find out more. **Compan...
Path: BlogWhy should you invest in offshore business?
...a narrow point of view because a properly organized offshore business is absolutely legal. It is important to understand all pros and cons of investing offshore to form your company in the right way.* Main point of offshore investing is a favorable tax climate. Small countries are aware that low tax rates and favorable regulations for business will attract foreign capital. It is true and most off...
Path: BlogMauritius Global Business Category 1 (GBC1)
... 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: BlogMove business wisely. What to consider when choosing offshore jurisdiction?
...s a big role in company formation. Comfortable offshore climate often depends on local regulations. Most considered branches are: asset protection legislation, confidentiality conditions, international business functioning rules, investment laws and taxes. Due to this, many worldwide-known offshore jurisdictions became popular: Cyprus, Switzerland, the UAE and other. Considering this point, it is ...
Path: BlogTo fight or not to fight for your rights
...most controversial topics for now. This is due to the fact that each side of the conflict has its supporters and opponents. Organizations and individuals, committed to transparency and fighting poverty, call on the UK government to clamp down on tax havens. They believe that greater transparency would help these countries claim their fair share of revenue, money that can then be used to fund p...
Path: BlogSecrets of starting a business in the UAE
...nfrastructure, banking facilities and other advantages. For different types of businesses, these reasons might be crucial. Also, the UAE have a 79.6 percent of business freedom score which makes the Emirates a very favorable jurisdiction. 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...
Path: BlogPeru has joined two major OECD Conventions
**Peru has joined the multilateral agreement**, which is designed to increase transparency and combat cross-border tax evasion. Peru has taken all of the necessary steps to become a member of the **OECD Multilateral Convention on Mutual Assistance in tax Matters** and also the **OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions**. This is...
Path: BlogSaint Vincent and the Grenadines Deals with the False Accusations
...ent has always been accurate and effective in fighting financial crimes that include money laundering. This jurisdiction has always been supporting all international investigations and fought against the money laundering, the financing of terrorism, tax offences, and other financial crimes together with the international authorities. **Saint Vincent and the Grenadines is out of any sanction lis...
Path: BlogOutsourcing accountants and bookkeepers for offshore business
... errors and will avoid them. ** 3. Complying with industry requirements** Even if you have a professional domestic accountant, offshore accounting experts know their narrow scope of expertise like the back of their hand. Even the most complex tax regulations are easy for them and these skills will grant your business improved regulatory compliance. ** 4. Cheaper access to new technologie...
Path: Blog6 ways to save your assets in case of business problems
...d to keep in mind that responsibility will always follow. * We have already point out several types of company structures before. And now we would like to highlight 6 possible ways to save your assets in case of business problems. 1. Payroll taxes should be paid on time. It is an important government tax and it is strictly controlled by state authorities. Why is it so important to pay your...
Path: BlogHow to choose a suitable company structure for your business?
*Important thing while starting a business, is to choose the right legal structure of the company. It affects many legal aspects of company`s procedures.* For example, who runs the company, how taxes are paid, which documents need to be prepared and many other. Entrepreneur needs to know the most common types of company structure and select the best one to run their business effectively. Here...
Path: BlogChoosing Business Structure for a Singapore Company
... 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: BlogAbu Dhabi Sovereign Wealth Fund entering ADGM
...this authority is performing investments on behalf of the emirate. Lately, Sheikh Hamed bin Zayed Al Nahyan, the Fund’s Managing Director, announced that the authority is going to enter the Abu Dhabi Global Market (ADGM). **The ADGM is the low-tax financial services hub in Abu Dhabi**. In the UAE this hub is the leading financial center and it creates and implements major financial trends fo...
Path: BlogSeychelles - Mauritius potential financial services partnership
... develop international business potential of both countries. Presently, **Mauritius is a popular African territory for starting international business**. It is a competitive economy according to different factors. One of them is Mauritius double tax treaties with developed countries like Germany, United Arab Emirates, the UK, India and many others. This makes Mauritius a prospective partner fo...
Path: BlogStarting offshore business in Vanuatu
...unt. List of available banks include Westpac, Pacific Private Bank, ANZ and National Bank of Vanuatu. These facilities are considered very stable and reliable among offshore business founders. Next argument to form an offshore company in Vanuatu is tax regulations. It is important to mention that there is no capital gain tax, income tax and withholding tax. International companies are exempt f...
Path: BlogWhy do they always choose Cyprus?
...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: Blog6 things to consider when going offshore in 2017
...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: BlogDid Cayman become a top choice for blockchain business?
...of the top jurisdictions for innovative fintech business**. Why is that so? In February 2018, Cayman Premier, Alden McLaughlin, confirmed that statistically, Cayman is now in top-three countries for blockchain entrepreneurs. Since 2012, the special tax-free economic zone, Cayman Enterprise City, functions in Cayman by attracting start-ups that use decentralized register technology. To be specific...
Path: BlogStarting an international business. To offshore or not to offshore?
...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: BlogHow to Relocate Your Business Overseas: Expert Recommendations
...ness owners are looking for as many pros as possible while going offshore. Legitimate restructuring of your company overseas is beneficial even in short extent of time. What are the main criteria that make owners relocate? Protecting assets, cutting taxes, optimizing expenses: these are only few financial reasons, but enough to start thinking of this. Also, you get anonymity while acting in forei...
Path: BlogThe British Virgin Island Authority declared a warning for CRS and FATCA
**The British Virgin Islands (BVI) legislation** obliges financial institutions to follow rules of the US Financial Account tax Compliance Act (FATCA) and the OECD's Common Reporting Standard (CRS) in regards to sharing all relevant information with the international tax authorities. In February 2018, the British Virgin Islands International tax Authority issued a reminder for companies who a...
Path: BlogWhy Moving Your Business Offshore Sounds Reasonable
...ountries are now gaining popularity and are known for relocation of existing companies to overseas jurisdictions. At the same time, businessmen often decide to start new companies in the offshore jurisdictions 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 ...
Path: BlogNew Gambling regulator in Curacao is coming?
...y, lots of smaller esports betting brands have only been able to legally operate by getting a license from the Government of Curacao. The new organization is expected to be granted more extensive powers to do things like collect license fees and taxes from its licensed operators. Such powers will come at a cost and this could lead many smaller operators to pay higher fees to operate under Cura...
Path: BlogThe Offshorelicense website launch. What it brings to us?
...g and developing businesses. That means we need to keep you informed on the most important industry news and other business processes in the world. This is why this blog was created. Our company will choose the most relevant information on offshore, taxation, banking, audit, licensing and other topics and share it with you. It makes also great deal for the client to find out about everything on on...
Path: BlogChina Bans Popular FX Broker Services
We have already informed our audience regarding the newest **Chinese tax regulations**, legal limitations and other **business rules**. It is notably complicated to take into account every small detail while establishing company in China, therefore, we have prepared the latest news about **broker activities** in China. Chinese legal entities have rights to perform their activities on the web ...
Path: BlogGod Save the Queen. Paradise Papers Revelation
...l Consortium of Investigative Journalists reported its contents. **Offshore funds investment is not an illegal action** and it does not mean that the investor had done anything wrong. Unfortunately, some businessmen prefer law circumvention to avoid taxes. This makes everyone think that the offshore investments are something to judge for. It is not a big secret that the UK admires its Queen - ...
Path: BlogHow to Offshore: Useful Tips and Tricks from Leaked Apple Inc. Papers
Learning from the best is always a skillful strategy. **Apple** has always been the company to look up to and now we have a chance to sneak into their **offshore tax strategy**. The Paradise Papers, revealed on November 5, can become a guide for the newbies on a business field. Offshore matters are very sensitive and need to be individually selected. What can we learn from the Apple experience h...
Path: BlogHow did Brexit Affect Gibraltar Jurisdiction?
...ccording to the statement, **Gibraltar and the UK will not stop cooperation** in any matters and will continue the development of the effective methods for work. Currently, the governments of the two countries are discussing creation of the **double tax agreement** between them. This might open a new opportunity in business cooperation between the countries. Brexit should also have no influence on...
Path: BlogHow to set up a business on Bahamas?
...thought about moving your business and choosing jurisdiction you might have come to decision about the Bahamas. This country, officially known as the Commonwealth of the Bahamas, and has all the advantages of an offshore jurisdiction.* For example, tax climate for IBCs is close to perfect. International business is exempt of local taxes, including sales, dividends, corporation and capital gains t...
Path: BlogWhat needs to be included in your offshore business plan
...ize their profit and legally keep their money.* However, it is not right to look only to big enterprises because the law is the same for smaller companies as well. Every entrepreneur can choose a suitable offshore plan to increase profit and reduce taxes. Sometimes law can be even more loyal to smaller companies depending on the jurisdiction you choose. It may lower the risk of losing money to un...
Path: BlogCayman Investment Funds
...an Islands is due to its compliant and effective laws, easily accessible professional service providers, and high reputation amid stakeholders. Besides all this the Cayman Islands has no capital gains, income, profits, corporation or withholding taxes neither on the investment fund nor its investors. It is essential for investors in the Cayman Islands business, prior to making an investment, t...
Path: BlogHow to set up a Limited Partnership in Scotland?
...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: BlogNorwegian airline’s customers may be able to purchase flight tickets with bitcoin
... 150 destinations worldwide. It serves both domestic flights within Scandinavia and international flights to places all across Europe and North Africa, as well as the Americas. Last October, the company announced the best quarterly result with a pre-tax profit of about $215 million USD. The airline will collaborate with Norwegian Block Exchange (NBX) – a Norwegian crypto exchange and payment...
Path: BlogEconomic Substance Regulations in UAE
...he companies undertaking relevant activities are required to notify the Regulatory Authority of: • Whether the company is carrying out the relevant activity or not • All or any party of gross income from the relevant activity is subject to tax in other jurisdiction • The date of financial year ending. Moreover, entities must submit annual reports to the Regulatory Authority. Thes...
Path: BlogBermuda became the first government to accept digital currency payments
**This week the Bermuda Government announced that the country is ready to accept digital currency for government taxes, services, and fees payments.** Bermuda thereby became the first government providing such an opportunity. This means that around 60,000 residents of the island will be able to pay their taxes using the cryptocurrency. **For government services payments, Bermuda will accept U...
Path: BlogGovernment of India working on law to ban crypto trading
...ecious revenue by not coming up with a regulatory mechanism. Additionally, a ban will bring increased untraceable transactions, increased risk of money laundering, benefits for foreign companies that will receive money from Indian investors, loss of tax revenues. Given India’s diversity, huge population, competence towards new technology, there is good reason to believe that India has huge po...
Path: BlogBitmain's IPO: looming threats and insights from a Bear market
...r 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 Walmart style for an Antminer S-9. With cryptocurrency price...
Path: BlogMarshall islands introduces its own cryptocurrency
..., then it will act like regular money. Every individual using SOV must be identified by an approved verifier of their choice, such as a bank or an exchange." The Marshall Islands expects that citizens will use the SOV for different purposes from tax payments to buying groceries. Potential ideas for possible sovereign cryptocurrencies have grew in strength in past few months. A much like att...
Path: BlogEU and US propose legislative changes regarding digital asset industries
...o market fragmentation and reducing the complexity and costs for firms operating in area. The CSBS’ new guidelines are not only for crypto firms, but for regulated money service businesses (MSBs). While the MiCA introduces set of laws and legal taxonomy for the crypto industry, whereas the CSBS’ new program mainly deals with compliance measures. New program only applies to money transmi...
Path: BlogStarting your own business in Saint Vincent and the Grenadines
...unt in SVG you will be able to use another services as well. Investment trading is available for offshore companies as well as transfer services, setting up a corporate payment system, using trust solutions and other possibilities. Our next step is tax policy of SVG jurisdiction. Basically, this country supports two important concepts for offshore business: tax transparency and bank confidenti...
Path: BlogEl Salvador: Bitcoin will become legal tender, alongside the US dollar
... government guaranteeing convertibility to dollars at the time of transaction through a trust created at the country's development bank BANDESAL. Under the law, bitcoin must be accepted by companies when offered as payment for goods and services. tax contributions can also be paid in the cryptocurrency. The bitcoin-dollar exchange will be rated set by the market. The El Salvador government w...
Path: BlogLegal salary in crypto. New Zealand experience
New Zealand has recently adopted changes that allow to pay salaries in crypto. The aforesaid changes were implemented by New Zealand’s tax authority under the Income tax Act with regard to section RD 3. The Inland Revenue Department (IRD) states that released rules applies to salaries and wages paid up in cryptocurrencies such as Bitcoin, Ethereum or other. An employee can receive salary in...
Path: BlogThe BVI announced the main condition for the disclosure of beneficial owners information
... and they have to accept our values," says Andrew Mitchell, the British Conservative Party representative. He also mentioned that without public registers it is impossible to identify cases of ‘clever’ money laundering crimes. **There are no taxes on profit, no personal income taxes, as well as VAT and sales taxes in the British Virgin Islands.**The companies registered there don’t pay t...
Path: BlogCyprus passport - new regulations and more demanding requirements
...ttract investment by granting investors citizenship or residence rights of the involved country. Cyprus, among other countries, has raised concerns about certain inherent risks of such programs, in particular as regarding security, money laundering, tax evasion, and corruption. As a result, **additional more demanding requirements for granting "golden passports" of the Republic of Cyprus to fo...
Path: BlogIsraeli court determined bitcoin as an asset
An Israeli court has recently ruled that bitcoin is an asset and not legal currency. This is crucial a decision since it means profits earned selling cryptocurrency will now be liable to capital gains tax. Lod’s Central District Court rejected an appeal from a founder of a crypto startup who argued that profits from the sale of cryptocurrency should be exempted from taxes. The claimant state...
Path: BlogCyprus banks overdid it with risk prevention tactics
... local economy, as anticipated by the president of CFA. The very foundation of International Business in Cyprus is now at risk. **Recent directives of the Central Bank of Cyprus, in addition to worldwide new measures against money laundering and tax evasion, have put local banks under great pressure to close client’s accounts.** This has already led to the closure of a lot of companies, most...
Path: BlogFive reasons why you should incorporate Delaware LLC
Making a decision where to form or incorporate a company is not an easy task. Several factors must be considered before making the final settlement, such as location, incorporation costs, and tax conditions. It’s important to consider all of the advantages your country or state of incorporation may offer. Today we would like to draw attention to Delaware, a small US state, but very importa...
Path: BlogNew legislation of Jersey will allow to form Limited Liability Company
...on to open an office in the US in the near future. In the US, LLCs are a structure of choice for alternative investment funds, with US advisers and managers being familiar with LLC structures and aware of the benefits they can provide in terms of tax transparency. With that in mind, we are confident that the Jersey LLC can provide an attractive proposition for US-based hedge fund managers, part...
Path: BlogSaint Vincent and the Grenadines requested FATCA and CRS reporting deadline extension
**The government of Saint Vincent & the Grenadines is requesting further extension of reporting deadline**, related to the Foreign Account tax Compliance Act (FATCA) and common reporting standard (CRS). Under the FATCA and the CRS financial organizations are obliged to report on the assets held by their foreign account owners to their home tax jurisdictions. Like other respective subjects, Sa...
Path: Blog5 reasons why you should form your own LTD in UK
...nline. Long gone are the everlasting days of waiting for the Companies House to take care of the paperwork: now you may form a limited company in a timespan of few hours. Moreover, the costs of registration are relatively low compared to corporation taxes. The latest Companies Act, made a lot of changes making it easier to create a limited company. The UK government always searches and examines...
Path: BlogBlack pearl of Caribbean. International business company at Saint Vincent and the Grenadines.
... sovereign and politically consistent territory, being referred to as a solid offshore jurisdiction with a strong confidentiality law. **International business companies in Saint Vincent and The Grenadines take advantages of an exemption from all taxes on income and assets for 25 years as of the moment of incorporation.** It is applicable even when the company is managed with physical presence ...
Path: BlogGood times are over. Russian owned Cyprus companies will have to prove their real economic activities within the country.
On Thursday, February 7, the government of the Russian Federation approved the draft law on ratification of the Organization of Economic Cooperation and Development (OECD) Multilateral Convention 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 bilat...
Path: BlogWhy is Limited Liability Partnership a popular business structure?
...ity company and general partnership. What are the main features of the “limited” company? This structure is ruled by the 2000 Limited Liability Partnership Act and it lets non-UK entrepreneurs form the most effective business in matters of tax, liability and organization. Limited liability partners can use the rights of partnership, which means two founders are equally able to perform ma...
Path: BlogThe main benefits of Cyprus formation
**Cyprus is one of the top-rated countries in Europe for registering companies including registration for offshore purposes. A compound of reasons, such as the advantageous tax legislation, classic corporate law and the country’s consistent tax policies make Cyprus a very attractive jurisdiction.** Cyprus has a powerful and advanced legal regulatory system and, as a former British colony, it...
Path: BlogCyprus has transferred to Moscow Russian bank account holders data for 2017
...ferred, as part of the automatic exchange of information, was successfully transferred to Russian Federation in September 2018.** Hence, information for the last year will be transmitted to Moscow in September 2019. That means that the fight against tax fraud has entered a new level. According to "The Bell", as of September 2018, 82 countries promised to transfer information to the Federal tax ...
Path: BlogBusinesses will be required to meet criteria of physical presence in Belize
...as recently passed three bills to organize offshore regulations in order to be compliant with European Standards.** The bills scheduled at the session included amendments to the International Business Companies Amendment Act, the Income and Business tax Amendment Act, and the Stamp Duties Amendment Act. During the last few years Belize had tense relations dealing with European institutions and ...
Path: BlogFATF votes to greylist Malta. Global anti-financial crime watchdog advises enhanced monitoring for Malta
...ged the government to set up a unity task force to limit the greylisting damage. The FATF “grey list” includes 19 other countries ranging from Albania to Zimbabwe. It includes strife-torn countries such as Syria, Yemen and Myanmar as well as tax havens such as Panama and the Cayman Islands. Due to results of various studies, after ending up on the “grey list” major repercussions to...
Path: BlogCyprus intends to tighten the rules for issue of "Golden passports"
...tarting from €2 million, as well as purchase of property is required. In January, the European Commission has produced a report which indicated the risks of granting “Golden passports” as this can facilitate money laundering, corruption and tax evasion. The European Commission also pointed out risks to the security of the European Union, since these programs may provide access into the Un...
Path: BlogNew Legal Framework for Forex Brokers in Saint Vincent and the Grenadines
...authorization will no longer be permitted. Currently, it is not clear when this regulation will be implemented, but it is expected to occur later this year. Also, Financial Service Authority recently announced that SVG is moving to a territorial tax system in exchange for economic substance for all relevant entities so that the jurisdiction remains off any listing by the OECD / EU while at the...
Path: BlogLuxembourg Investment Fund License
... 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: LicensingGibraltar Gambling License
...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: LicensingSwitzerland Crypto License
...e attractive than other countries for family-owned companies and cross-border entrepreneurs, large and small. Incorporating a Swiss company can offer many valuable benefits to its owners, including the following unbeatable fundamentals: Low tax rates - tax liability and assessments are based on a clear inter-cantonal tax system and the use of tax rulings for special categories; Friendly...
Path: LicensingCzech Republic PSP License
... 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: LicensingBermuda Digital Asset license
... 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: LicensingCzech Republic small Electronic Money Institution License
...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: LicensingCzech Republic small PSP License
...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: LicensingMauritius Global Business License (GBL), PIS
...rmation Board of Directors It is mandatory for the board to have 2 resident directors which will be provided by Offshorelicense Disclosure requirements The proposed company will be required to file its audited financial statements and tax return within 3 months from its balance sheet date Local presence (optional and in the long term) As a strategy, we would propose that ...
Path: LicensingNew Zealand Crypto License
...ers a progressive regulatory environment for cryptocurrency transactions under the Financial Markets Authority (FMA). While a separate crypto license is not required, crypto assets are classified as securities and subject to regulatory controls. The taxation system includes taxes on income from mining, trading, and using cryptocurrencies. Companies must register with the Financial Service Provider...
Path: LicensingSeychelles Securities Dealer License
...regarding clients (number of clients serviced, type of clients or value of client’s investment). Main benefits Exemption from stamp duties, registration duties or other such fees Royalties paid to non-residents are exempted from taxes High confidentiality, no public records Bank account in Seychelles Not blacklisted Low capital requirement. Only 50 000 USD Company str...
Path: LicensingComoros International Brokerage and Clearing House License
... residents are allowed) Confidentiality • Beneficial owners' details – not disclosed to the Authorities • Shareholders' details – not part of public record • Directors' details – not part of public record taxation Comoros is a 0% taxation jurisdiction Accounting requirements • No requirement of filing annual report Secret...
Path: LicensingSt.Lucia Company Formation
...and efficiency. Offshorelicense, with its proven expertise and commitment to excellence, offers a bespoke St. Lucia Company Formation service designed for entrepreneurs who demand the best.Why Choose St. Lucia for Your Company Formation? tax Efficiency: St. Lucia offers a competitive tax environment, ensuring your business maximizes its financial efficiency and growth potential. Benefi...
Path: LicensingAustralia Crypto License
... those related to cryptocurrency activities. Confidentiality Beneficial owners' details – disclosed to the Authorities Shareholders' details – part of public record Directors' details – part of public record taxation In Australia, cryptocurrency is treated as property for tax purposes. This means that: Capital Gains tax (CGT): Applies to the dispo...
Path: LicensingBulgaria Crypto License
...cks for transactions over €15,000. This minimal regulatory framework provides an advantageous environment for crypto enterprises. Bulgaria offers a stable business climate, access to the EU market, and no currency controls, with company profits taxed at a favorable 10% rate. These conditions make it an appealing jurisdiction for starting or expanding cryptocurrency projects. ...
Path: LicensingSlovakia Crypto License
...s but does not need to reside in Slovakia. Confidentiality Beneficial owners' details – disclosed to the Authorities Shareholders' details – part of public record Directors' details – part of public record taxation Corporate income tax is set at 21%. Slovakia does not impose additional taxes specifically for crypto activities. Accounting r...
Path: LicensingSouth Africa Crypto License
...suring local accountability and compliance Confidentiality 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 par...
Path: LicensingCyprus Crypto License
...provides a clear regulatory framework and has extensive experience overseeing crypto companies. Cyprus features a robust ecosystem with crypto communities, traders, financiers, and accessible banking for licensed companies, complemented by favorable taxation. General information Company structure A minimum of one shareholder is required, and this can be either an...
Path: LicensingUnited Arab Emirates Accounting Services
...ates. Since its formation and the discovery of oil and natural gas resources, the UAE has undergone a rapid development and is currently known as a modern trade hub.Description The residents of the United Arab Emirates had long enjoyed a tax-free and heavily subsidized existence. However, recently the country imposed a new tax legislation. Now the companies in the UAE and all its 7 emi...
Path: AccountingKazakhstan Crypto License
...ary, who must be a resident of Kazakhstan. Confidentiality Beneficial owners' details – disclosed to the Authorities Shareholders' details – part of public record Directors' details – part of public record taxation Kazakhstan offers a favorable tax regime for crypto businesses operating within the Astana International Financial Centre (AIFC). These bu...
Path: LicensingNorway Crypto License
... Companies must demonstrate financial stability. Overview Norway offers a favorable environment for cryptocurrency businesses with its stable economy and innovative business climate. Cryptocurrencies are treated as assets, simplifying tax compliance. The regulatory landscape is still evolving, with the Ministry of Finance requiring crypto providers to register with the financial sup...
Path: LicensingGibraltar Accounting Services
...lso be thankful for the ease of business account opening. Some other convenient features that allows the country to stand out on international market are: The exempt certificate that gives 25 years guarantee of exemption from taxes in Gibraltar; The only EU finance centre exempt from value added tax (VAT). However, at the same time as a British Overseas territory, Gi...
Path: AccountingLabuan Accounting Services
Labuan is a federal territory within Malaysia. It has its own jurisdiction and offers several advantages comparing to opening a company on the main land of Malaysia.Description 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 Lab...
Path: AccountingCayman Islands Securities Investment Fund License
... Cayman Islands are one of the major financial hubs No local presence required Bank account can be held in any bank (not necessarily in local bank) No local income, corporation, capital gains, profits or withholding taxes for Cayman exempted companies High level of asset protection General information Company structure At least 2 Directors ...
Path: LicensingLabuan Fund Management License
...ew Labuan Fund Management License will allow you to provide management services which include investment advice and administrative services in respect of securities for the purpose of investment. Labuan licensed entity enjoys the advantages of tax haven since a company is subject only to 3% of profit tax on net audit profits, and full exemption from other local taxes, assuming that a company...
Path: LicensingJapan Virtual Currency Exchange Provider’s License
... to be registered with the Japanese Financial Services Agency.Timeframe: Company formation - within 8 weeks License application - within 6 months Minimum capital requirement: 10 000 000 JPY (approx. EUR 75 000) + Registration tax minimum of 150 000 JPY (0.7% of capital) It is important to note, that not all, currently available cryptocurrencies, fall under the definition...
Path: LicensingPoland Limited Liability Company Formation
....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: CompaniesCuracao Gambling License
.... Local Data Center can assist in the purchase of a server. The most important requirements which need to be complied with are: Ultimate beneficial ownership of the legal entity should be disclosed (upon request) to the tax authorities; Only legal entities with a capital divided into shares may perform activities in an E-zone; The activities must in principle be f...
Path: LicensingCyprus Forex License
...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: LicensingDeltec Bank Account Opening
... Deltec group of companies includes Deltec Bank & Trust Limited, Deltec Fund Services Limited and Deltec Investment Advisers Limited, Deltec Securities Ltd. and Long Cay Captive Management. Advantages of bank account opening: A tax neutral platform – with no income, estate, inheritance or capital gains tax, and no restrictions on the repatriation of funds No forced heirsh...
Path: BanksDeltec Bank Account Opening
... Deltec group of companies includes Deltec Bank & Trust Limited, Deltec Fund Services Limited and Deltec Investment Advisers Limited, Deltec Securities Ltd. and Long Cay Captive Management. Advantages of bank account opening: A tax neutral platform – with no income, estate, inheritance or capital gains tax, and no restrictions on the repatriation of funds No forced heirsh...
Path: BanksMacau Offshore Commercial Company (OCC) Formation
...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: CompaniesLimited Liability Company in Lithuania
...the EU’s Schengen Area. Advantages of Limited Liability Company in Lithuania: - European Union membership and geographic location - Convenience in registering a new company - New technologies environment - A beneficial tax environment - Favorable economic environment General information Company structure At least one shareholder Only one director ...
Path: CompaniesLimited Liability Company in Latvia
... 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 reputation -...
Path: CompaniesPanama Offshore IBC Formation
...t be issued to the shareholder Overview The Republic of Panama is a Central American country – one of the most popular Offshore destinations with little reporting necessary. The main advantage of the jurisdiction includes almost no tax liability for the companies incorporated in the country. Advantages of Panama Offshore IBC: - Exemption from all local taxe...
Path: CompaniesLimited Liability GmbH in Germany
...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: CompaniesNew Zealand Forex License
... 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: LicensingMalta Private Limited Company Formation
... least 20% must be paid-up) Advantages of Malta Private Limited Company - fast and straightforward process - non-residents can hold the shares of Malta company - Malta is the member of the EU and Eurozone - not considered as tax haven and is not blacklisted - possibility to reduce corporate income tax rate to 5% General information Company structure At least 1 ...
Path: CompaniesSaint Kitts and Nevis Limited Liability Company (LLC) Formation
...n dependent, such as the Channel Islands. Saint Kitts and Nevis gives a wide range of enabling legislation which makes it possible to create and register offshore entities and companies. The St.Kitts and Nevis legislative framework enables efficient tax system, better estate planning, well developed wealth management and asset protection on a top level in comparison to other jurisdictions. ...
Path: CompaniesIreland Private Limited Company Formation
... and the access to both EU and global markets. The local business and legal environment provides the ease of doing business, focusing on high-tech industries, 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...
Path: CompaniesEstonia Private Limited Liability Company (Osaühing or OÜ) Formation
...ith 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 all distri...
Path: CompaniesUnited Kingdom Limited Company Formation
... 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: CompaniesSt.Lucia International Business Company Formation
... 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: CompaniesMarshall Islands International Business Company Formation
...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: CompaniesCzech Republic Limited Liability Company Formation (s.r.o)
...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: CompaniesCook Islands Money Changing-Remittance License
...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: LicensingBelize Forex License
... 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: LicensingBahamas Payment Services Provider License
...ed 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 environment A ...
Path: LicensingVanuatu International Bank License
...lled by the Reserve Bank of Vanuatu.Timeframe: from 4 months Net assets: must be positive of at least USD 500,000.00 Overview Vanuatu is an established offshore finance center in the Pacific region with a great variety of tax benefits. International Banking is regulated by the International Banking Act [CAP. 280]. The Reserve Bank of Vanuatu is the authority responsi...
Path: LicensingHong Kong Type 3 (Leveraged Foreign Exchange Trading) License
...license is required to submit the appropriate application to the Commission. Benefits of Hong Kong licensed corporation: Stability and reputation English is an official language, as well as the main business language No Corporate Income tax on foreign sourced income; No withholding tax on interest, dividends and royalty No requirement to maintain a local office No requirement to...
Path: LicensingBahamas Dealing in Securities License
...the licensing of all types of financial dealers in Bahamas. An applicant for a Forex License is required to submit the appropriate application to the Commission. Benefits of Bahamas Forex company: Complete Anonymity No Corporate Income tax No Personal Income tax Dividend income from foreign investments is not taxable in the Bahamas Royalty income is not taxable in the Bahamas ...
Path: LicensingGeorgia Payment Service Provider Authorization (PSP)
... 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 the country ...
Path: LicensingEl Salvador Online Gambling Company Formation
...ect investments.Timeframe: within 7 weeks Minimum paid up capital requirement: USD $2,000* Overview The most common legal entity in El Salvador is a Limited Liability Company (LLC). It is important to note, that corporate income tax rate in El Salvador is 30%, and applies to the total amount of the company’s revenues. However corporate income tax is based on the territorial ...
Path: LicensingNew Zealand Asset Management License
...-reputed jurisdiction, which is not blacklisted by any country or financial institution Member state of the Organization for Economic Co-operation and Development (OECD) Member state of the World Trade Organization (WTO) Wide network of double tax treaties There are no minimum share capital requirements Official language is English General information Company structure At least...
Path: LicensingCzech Republic Electronic Money License
...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: LicensingFiji Foreign Exchange Dealer License
...must be local Director) Confidentiality • Beneficial owners' details – not disclosed to the Authorities • Shareholders' details – not part of public record • Directors' details – not part of public record taxation taxes on net profits are 20% Accounting requirements • Filing annual report is obligatory Secretary - Require...
Path: LicensingUK Crypto License
...ensure compliance with local regulations.. Confidentiality 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, an...
Path: LicensingCayman Islands Securities Investment Business License
... following advantages: Cayman Islands are one of the major financial hubs No local presence required Bank account can be held in any bank (not necessarily in local bank) No local income, corporation, capital gains, profits or withholding taxes for Cayman exempted companies High level of asset protection General information Company structure At least 1 shareholder (natural p...
Path: LicensingCosta Rica Gambling License
...l 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 government of Co...
Path: LicensingEstonia Crypto License
...vities. As the first EU country to regulate cryptocurrency companies, Estonia has attracted over 2,000 licensed crypto businesses. Entrepreneurs often choose Estonia for ICOs, IEOs, and IDOs, taking advantage of its clear legal framework, attractive tax policies, and cost-effective licensing. Despite stringent regulations introduced in 2021, Estonia remains a top choice for crypto businesses, offe...
Path: LicensingLabuan Crypto License
...mum paid up capital: Not prescribed Overview Labuan is an island and a Federal territory of Malaysia, which offers one of the strongest regulatory frameworks for various financial service companies. This, along with the favorable tax system, makes Labuan a prestigious place where to start a Token Licensed Business. According to local laws issuer of such tokens undertakes that: ...
Path: LicensingGibraltar Crypto License
... (GFSC) expects companies to demonstrate financial stability and sufficient capital to cover their business operations and potential risks Overview Gibraltar offers an attractive environment for cryptocurrency companies, featuring low tax rates and favorable regulations. Cryptocurrencies are legally recognized as a means of payment, and activities such as exchanges, token issuance, ...
Path: LicensingSingapore Crypto License
...view Singapore, a leading financial hub in Southeast Asia, is renowned for its robust market economy and business-friendly environment, making it an ideal location for companies in finance, cryptocurrency, and payment sectors. The country’s low tax rates and pragmatic regulatory approach enhance its appeal to both local and international businesses. General information ...
Path: LicensingBulgaria Portfolio Management License
...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: LicensingHong Kong Type 9 (Asset Management) License
... the East and West has made it an attractive centre for international trade. Hong Kong is not normally regarded as an offshore country as it is a famous for being a major financial centre, however, it is one of the few countries in the world that tax on a territorial basis. Under the Securities and Futures Ordinance (SFO), Type 9 “asset management”, means providing a service of managing ...
Path: LicensingSwitzerland Portfolio Management (ARIF Registration)
.... Training take place after the affiliation to ARIF. All the persons involved into the activities subject to the Swiss Anti-Money Laundering Act must supply a personal file. Benefits Respectful jurisdiction Financial stability Low tax rates which is based on a clear-cantonal tax system Friendly business environment Banking advantage Limited liability of a company Possibi...
Path: LicensingSouth Africa Forex License
...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: LicensingAlderney Gambling License
... 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: LicensingUSA Delaware Limited Liability Company Formation
... offer the advantages of a combination between a corporation limited by shares and a Limited Partnership, thus is a good way to protect the personal liability and assets of the owners. At the same time, it allows the owner to enjoy the benefits of a tax-free jurisdiction on all business transactions and profits generated outside the United States without having to go through the restrictions of a ...
Path: Companies