News | Page 140

Icelandic jurisdiction offers to register a company in one of the following forms: Private limited liability company Public organization with limited liability International Trade Company – ITC International Trade Organizations are usually established for carrying out investment and trading activities outside Iceland. Such a company can be opened both as a private society and open….

Denmark is one of the most highly developed European countries. Therefore, it is attractive to foreign capital owners in terms of profitable investment opportunities. Although Denmark is not an offshore zone in the sense that we are used to, this jurisdiction offers foreign firms some privileges in terms of paying taxes. Organizational and legal forms…

We inform you that the Singapore authorities have decided to increase regulatory penalties for violation of data protection law. Amendments to the law that entered into force on November 2, 2020. Did you know that every company must appoint a data protection officer and comply with the Personal Data Protection Act? Has your secretary informed…

Registration cost 4. 825 Eur Company renewal cost 2. 500 Eur Directors number 1 Corporate tax 15.00 % Registered share capital 0.00 Mandatory reporting requirements No Brazil is a country known for its rich coffee, the brightest carnivals and excellent football players. The country is located in South America and is the only Portuguese-speaking state…

Canada is a country with a fairly strict taxation system. The income of ordinary Canadian companies is taxed worldwide. Accordingly, they do not have any signs related to tax or offshore structures, and in any case they are prestigious. However, the laws of Canada offer the possibility of registering and using Canadian businesses with a…

Attracting investments is a great stimulus for the development of the Georgian economy. This was the reason for the adoption in the country of a law expanding virtual zones in Georgia, which provides for tax exemptions for companies involved in the computer technology. Such companies in the state will not pay national taxes. Registration of…

Brunei (Brunei Darussalam) is a small state (sultanate) in Southeast Asia with great potential for opening and running a business. It is one of the richest countries in the world. In the sultanate, the main economic spheres are the oil and timber industries, as well as agriculture. But telecommunications and e-commerce are considered the most…

“Segregated account” concept means separation of client savings and operating funds of the Forex broker. This scheme helps to ensure complete security of trading operations carried out within the foreign exchange market. The segregated account is guarantee that any fees associated with trading transactions, in particular, commissions, will be charged fairly, and this is a…

Sark is a small island from the Channel Islands located in the English Channel, owned by Guernsey. This is a small, isolated state, in which until 2008 there were only 40 enterprises. All land on the island is owned by one person who rents them out. The island itself belongs to Great Britain, it is…

The small state of Samoa is located in the central Pacific Ocean of the Southern Hemisphere. It covers two large and several small islands. It has full legal independence based on English common and constitutional law. Offshore activities are regulated by the International Business Companies Act, 1997. The economy is typical for the region: fishing…

Niue is a self-governing government entity. It is a part of the association with New Zealand. This island nation is located in the South Pacific. The form of government is a monarchy, formally the head is the monarch of Great Britain. In the early twentieth century, the island became a British protectorate. But that reign…

Registration cost 1 675 Eur Company renewal cost 1 535 Eur Directors number 1 Corporate tax 00.00 % Registered share capital 0.00 Mandatory reporting requirements No The Marshall Islands is a republic located in the Pacific Ocean. It belongs to the Micronesia region. Due to the location of the islands, they are called inaccessible. However,…