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:…
Zurich
+41 435 50 73 23Kyiv
+38 094 712 03 54London
+44 203 868 34 37Tallinn
+372 880 41 85Vilnius
+370 52 11 14 32New York
+1 (888) 647 05 40What is included:
Cost: on request.
According to Guernsey law, an island company can be entered into a register of a closed or open type, which has limited liability. In general, all firms here are either resident, or exempted, or, as they are also called, non-resident.
At the beginning of 2019, an island was passed on the island that prohibits remote firms from working or holding financial assets without a personal presence. Under this decree, companies that deal with:
For firms with this type of activity, there are a number of requirements under which they are allowed to work for Guernsey. The first condition is that a certain number of qualified employees should work in the company, in accordance with its direction.
The second condition is the presence of an office on the island, while its area must be strictly observed according to the prescribed recommendations and correspond to the type of activity of the company.
The third paragraph refers to the reasonable costs of maintaining a firm on Guernsey.
All exempted firms on the island are not taxed. At the same time, such companies must pay a corporate fee, which amounts to £ 500 each year.
Registered companies on the island of Guernsey are required to submit a report every year in which they indicate information about the directors and owners of the company (shareholders).
If the composition of the management changes during the interval between reports, this should be included in the annual report. For the fact that the report is entered in the state registry, you must pay a fee of 100 pounds.
Therefore, firms should consider these costs in the total amount of the service. For the delay in submitting the report, the company will have to pay the island a fine.
On a small island with an area of 65 km², 63,026 people live, who speak two state languages - English and French. The population consists mainly of Normans and English.
Guernsey has parliamentary democracy with its capital in St. Peter Port. The country is governed by an advisory body.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.