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Why do they always choose Cyprus?
...example, except for corporate income tax of 12,5% you will be able to avoid capital gains taxes on the disposal of securities, use double tax treaties for your company and also reduce to 0% (zero) tax on payments to international shareholders. These tax benefits are one more good reason to locate your investment company in Cyprus. There are more reasons to choose Cyprus as a location for your i...
Path: BlogSouth Korea is planning to amend current tax legislation in order to boost blockchain startups
...nounced 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 made as a part of South Korea’s pus...
Path: Blog5 reasons why you should form your own LTD in UK
... has stability and is committed to effective and liable management. It gives both contractors and customers a sense of confidence. Additionally, many companies, especially larger businesses, will not deal with sole traders and partnerships. **5. tax benefits** Private limited companies pay corporation tax. It is important to stress that corporation tax rates are lower than income tax rates....
Path: BlogGood times are over. Russian owned Cyprus companies will have to prove their real economic activities within the country.
...an 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 bilateral agreements on the avoidance of double taxation w...
Path: BlogComprehensive Guide to Opening an Offshore Company in Seychelles
...fits of setting up an offshore company in this tropical paradise. Benefits of Opening an Offshore Company in Seychelles 1. Tax Advantages One of the main reasons businesses choose Seychelles for offshore company formation is the significant tax benefits. Seychelles offers a tax-neutral environment, meaning that International Business Companies (IBCs) are not subject to income tax, capital...
Path: BlogHow to Obtain a Crypto License in Saint Vincent and the Grenadines
...of 4,000 East Caribbean Dollars (approx. USD 1,500) and a security deposit of 100,000 East Caribbean Dollars (approx. USD 37,000). Additional costs may include legal fees, AML/KYC policy development, and annual reporting expenses. 4. What are the tax benefits for crypto businesses in SVG? SVG offers no corporation tax, no withholding tax, and low operating costs. There are also no minimum capi...
Path: BlogVanuatu 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: LicensingSeychelles International Business Company (IBC) Formation
...ffshore corporation. Since the introduction of the Seychelles International Business Companies Act in 1994, over 100`000 Seychelles IBC`s have been registered, with more than 600 new offshore companies being registered every month. The formation, tax benefits and general structure of a Seychelles IBC is regulated by the Seychelles International Business Companies Act 1994. Seychelles has not...
Path: CompaniesSingapore Private Company Formation
...ly regulatory environment, ease of doing business. The country is one of the key economic centres of Southeast Asia in such areas as shipping, trade, high-tech, and financial services. Singapore political stability, pro-business policy and extremely tax benefits are three key reasons why entrepreneurs from around the world prefer to incorporate start-ups companies in Singapore. The mos...
Path: CompaniesVanuatu 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: Licensing