As the global landscape for cryptocurrency continues to evolve, countries worldwide are defining their stances on digital assets. Indonesia, with its rapidly growing economy and technological advancements, has been no exception. The regulation of cryptocurrencies in country has become a focal point for both local and international investors. This article delves into the specifics of…
Commonly, legal opinion is what we consider as an experienced lawyer’s advice. It is presented in the form of a document prepared by a client’s requirement. The article will provide you with all interested details regarding the provision of legal consultation. Legal opinion: Why do we need it? Banks frequently demand LOs from risky businesses…
1. Sorts of Commercial Units, Their Homestead and General Charge issues This country offers diverse business units with distinct lawful divisions, including the SA requiring EUR 30,000 minimum capital and the SARL with EUR 12,000, managed by boards of directors. The SARL limits subsidiaries to one hundred and could not trade publicly, while the SCA…
1. Trade License Acquiring a pervasive trade licence is a pivotal step for most commercial functioning in Switzerland. This licence is mandatory that assures your commercial functioning bonds to indigenous market rules and protocols. Here’s what you should know: Submission routine: You can apply for a commercial licence to the local canton’s market branch. This…
This is a new investment opportunity – SPI license in UK for sale. Please check out the main details regarding this proposal below. SPI license in UK for sale: key considerations Small Payment Institution (SPI) in UK for sale; Company was licensed by FCA in 2018; Allowed activities (money remittance, foreign exchange); Company has 3…
Seize the opportunity to effortlessly establish your business in the UK with our ready-made company, complete with premium bank accounts at Barclays and HSBC. Key features Company for Sale in UK with Barclays & HSBC Accounts Company Details: – Incorporated: 2024 – Registered Address: England – Company Type: Private Limited Company – Nature of Business…
Are you ready to establish your business presence in the UK effortlessly? Discover our exclusive offer—a ready-made company with immediate access to Natwest, Revolut, and Wise bank accounts. Here’s what you need to know: Key features Company for Sale in UK with Established Bank Accounts – Company Details: Founded in 2024, work in non-specialised wholesale…
An active transportation company limited by shares (SA) in Switzerland is now available for sale. This company, was established in 2020 and operates in the passenger and cargo transportation sector with a focus on sea and rail transport. Key Features Transportation Company in Switzerland Corporate Structure Form: Company limited by shares (SA) Year of Registration:…
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Bermuda is famous for one of the largest GDP per capita.
Success lies in the effective use of its geographic location, the identification of financial and consulting services to foreign corporations, and the provision of quality travel services.
The basis of the tourism industry income (over 84%) is formed thanks to tourists from North America. More than 60% of the islands’ economies account for international business.
The economic development strategy is based on the promotion of tourism and the financial services sector – these are the main economic goals of the state government.
Offshore is one of the most effective tax planning and optimization methods. The method is based on the legislation of countries that partially or completely exempts from taxation of income.
Bermuda is a famous offshore zone that attracts entrepreneurs with an insurance system, a developed financial sector, advisory and investment infrastructure, as well as a simplified tax system.
Companies in Bermuda differ in administrative forms.
Exempt Company is the classic and most popular form of offshore. A company of this form is engaged in various types of business that are not prohibited by law.
In particular, it is possible to license the provision of financial services, insurance and reinsurance services. Companies are not allowed to:
In Bermuda, the Companies Act has existed since 1981, which regulates the functioning of firms. According to the law, third parties cannot acquire an already established company in Bermuda.
Bermuda is considered attractive for starting a business through a loyal tax system.
A company does not pay certain types of taxes if more than 60% of the capital is owned by non-residents. In this case, the company is exempt from taxes on:
If an offshore company is not subject to these taxes, it is required to pay a state fee annually. Its size depends on the size of the company’s capital and the size of the unit account.
The accounting department of the company must compile quarterly, annual financial reports and provide declarations to the tax service. Contact us for more information.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.