The best decision for a businessman, who wants to possess, manage or participate in the activity of any other business organization outside Switzerland, is registering a GmbH/AG holding company (corporation). Corporation owners get a lot of privileges, that can help in: In spite of the great number of benefits that you have, like a holding…
Until recently, any crypto-currencies were not listed on these islands, but in light of the rapid development of the crypto-industry around the world, now this jurisdiction has become one of the most promising and popular places for obtaining a crypto-license. Below we will look at the main aspects of crypto-regulation and the procedure for obtaining…
In the dynamic monetary field of Singapore, achieving an Electronic Money Institution (EMI) permission is a pivotal step for enterprises aiming to operate in the digital payments sector. This comprehensive article explores the intricacies of acquiring an EMI permission in Singapore, including the adjustment substructure, application process, operational conditions, and strategic considerations for accordance and…
Malaysia is one of the first countries to introduce cryptographic regulation policies. Under such policy, crypto-currencies are classified as securities, and according to Minister of Finance, the Malaysian governmental authorities believe that crypto-currencies and blockchain-technologies have tremendous potential to stimulate economic progress. It is believed that digital assets and their underlying blockchain technology can help…
Overview This offering includes a freshly AUSTRAC-licensed company for sale in Australia, positioned for a quick sale. The company is in pristine condition with no prior activity, making it an ideal turnkey solution for entry into the cryptocurrency exchange market. What’s Included License: Clean AUSTRAC DCE License Company, permitting operations in digital currency exchange. Bank…
Overview An Australian Financial Services License (AFSL) licensed company for sale, established in 2004 and holding a credit license, is available for sale. This company is authorized to conduct comprehensive financial services and is perfectly suited for immediate operational commencement. Company Details Registration Year: 2004 Bank Account: Maintained with St. George Bank Support: Assistance with…
Overview This Securities Dealer licensed company for sale in Seychelles and registered in 2023, is currently available for sale. It operates under full compliance with local regulations, presenting a clean and streamlined opportunity for immediate operational takeover. Company Details Location: Seychelles Registration Year: 2023 License Type: Securities Dealer License Staffing and Infrastructure Staff Composition: The…
This is a new investment opportunity – AFSL license in Australia for sale. Please check out the main details regarding this proposal below. AFSL license in Australia for sale: key considerations Active company licensed by Australian Securities & Investments Commission (ASIC) in 2023; Allowed activities (financial product advice, deal in a financial product, custodial or…
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:
Company type: Limited liability company (SrL).
Cost: on request.
Currency: Euro (EUR).
The most common types of enterprises are: a joint-stock company (SpA), a limited liability company (SrL) and a permanent establishment of a foreign company.
For tax purposes a company will be considered resident if:
1) The company has registered address within Italy.
2) The company’s core business is located in country for 183 days per year and more.
3) The company is foreign but owns an entity with a local management.
Inner entities are taxed on their profits both within and beyond Italy. Foreigners, as it is used to, meet taxes subject to the income within the country.
Italian companies are subject to taxes on their clear profit. The same rule applies to permanent establishments of foreigners. Taxes are levied on the amount very close to the one from P & L statement, but there are some corrections.
Those entities which are unprofitable or whose turnover is less than a certain percentage of the value of various asset classes are called “non-working companies”. These entities meet taxes on minimum income even though they are levied at a higher tax rate.
There is a separate procedure for such companies. If the entity registers tax losses for five consecutive financial years — or for four out of five years and does not meet the prescribed profit levels, then from the sixth year — it is recognized as a “non-working company”.
Usually, this model is applied to small entities. However, the company may disagree with such a regime, and file correspondent requested to tax authorities.
Local companies have the right to switch to a tax regime under which their branches are exempt from taxes in Italy. In such case, permanent establishments will pay taxes only in the country where they reside.
This step requires caution because you cannot recall the decision. It should also be noted that you cannot set this mode for only one branch, when you switch to it, all branches of your company are under this rule.
Companies meet combined corporate tax at the rate of 27,9%. This obligation consists from standard 24%, plus the local production tax at approximate rate of 3.9%.
For some financial institutions the standard corporate tax rate is 27.5%. Non-working companies deal with a rate of 34.5%.
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The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.