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Seychelles general information

Seychelles: general information

Presentation of general information about the Seychelles, peculiarities of the historical, political and economic development, investment environment, business industry and set of financial instruments as well as international reputation of the jurisdiction

Seychelles general information
Why to choose Seychelles?

Why to choose Seychelles?

Detailed research of features and advantages of all business companies types which could be incorporated within the jurisdiction of the Seychelles

Why to choose Seychelles
Seychelles: IBC & CSL

Seychelles: IBC & CSL

The brochure is devoted to research registration process, capabilities, tax rates and application practice in business environment of Seychelles IBC and CSL.

Why to choose Seychelles
Seychelles: Foundations, Trusts, Limited Partnerships

Seychelles:
Foundations, Trusts, Limited Partnerships

The brochure deepen in the essence of the next types of Seychelles entities such as foundations, trusts and limited partnerships which are considered suitable vehicles for international tax planning, assets protection and other financial activities.

Why to choose Seychelles
Seychelles: Cooperation between companies

Seychelles:
Cooperation between companies and banks

The brochure provides considering relationships between banks and entities that is a natural extension of opening an entity in the Seychelles.

Why to choose Seychelles
Seychelles: frequently asked questions

Seychelles:
frequently asked questions

The brochure summarizes the survey about Seychelles offshore and answers some frequently asked questions, which arise when acquainting with the Seychelles jurisdiction.

Why to choose Seychelles
UNITED KINGDOM: OVERALL REVIEW

UNITED KINGDOM: OVERALL REVIEW

In this brochure, examples of practical use of an LTD are examined eg provided detailed information on a business purposes as using an LTD as company receiving dividends, holding company and nominee or agent. Another one issue is to study complex guidance how to rule an LTD and LLP.

UNITED KINGDOM: OVERALL REVIEW
UNITED KINGDOM: LTD & LLP (part 1)

UNITED KINGDOM: LTD & LLP (part 1)

This brochure presents an information about tax rates and tax residence status in the UK. In addition, it is studying the details of the most demanded business structures, particularly Private Company Limited by shares (LTD) and Limited Liability Partnership (LLP)

UNITED KINGDOM: LTD & LLP (part 1)
UNITED KINGDOM: LTD & LLP (part 2)

UNITED KINGDOM: LTD & LLP (part 2)

In this brochure, examples of practical use of an LTD are examined eg provided detailed information on a business purposes as using an LTD as company receiving dividends, holding company and nominee or agent. Another one issue is to study complex guidance how to rule an LTD and LLP.

UNITED KINGDOM: LTD & LLP (part 2)
Public Limited Company

Public Limited Company

In this brochure, the leading experts of our company provide answers on the most popular questions related to this business structure. There is an excellent possibility to fill up your knowledge by information about doing business with the help of Public Limited Companies, receive an explanation on the rules how to sell the company's shares on the stock market and other advantages.

Public Limited Company
Scotland: WHY NOT?

Scotland: WHY NOT?

This brochure fulfilled the UK jurisdiction series with Scottish business structures. All the requirements, practice of application, advantages, main differences between the UK LLP and Scottish LP and other issues are examined in this survey.

Scotland: WHY NOT?
Hong Kong: Comprehensive Review

Hong Kong: Comprehensive Review

This brochure dedicated to inform about business atmosphere and business facilities in the studied jurisdiction, explain the reasons of popularity of Hong Kong entities for tax-optimisation purposes. Familiarity with this brochure is the first step on a way to the possibility of carrying on successful business in stable economic conditions of Asian region with maximum benefits.

Hong Kong: Comprehensive Review
Hong Kong: Choosing Business Vehicles

Hong Kong: Choosing Business Vehicles

The present research concerns the most popular forms of business organization in Hong Kong, as well as the basic rules of their use for the purposes of breaking down the tax burden. The brochure contains a number of clarifications regarding the demand for offshore structures in Hong Kong, a minimum set of requirements for the establishment and registration procedures.

Hong Kong: Comprehensive Review
Hong Kong: Frequently Asked Questions

Hong Kong: Frequently Asked Questions

This brochure summarizes the research concerning the reasons of popularity, business opportunities, tax rates, companies and partnerships in Hong Kong. This is an interview where our manager answers frequently asked questions, appeared during the time of studying the Hong Kong jurisdiction.

Frequently Asked Questions
Business Purposes: Regular Practice

Business Purposes: Regular Practice

The brochure says on corporate and classical targets of Hong Kong enterprises, provides examples of practical use of the enterprises established in Hong Kong. Here we specify the long-term and short-term goals of business structuring, as well as the use of Hong Kong enterprises to operate as a trading company, the company, opening a representative office in China and a holding company, which owns the rights to ownership of the company in China.

Business Purposes: Regular Practice
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HongKongOverallReviewBrochurePopup

Double Taxation Avoidance Agreements: How They Work

September 3, 2015

Double Taxation Avoidance Agreements: How They Work

Tax Agreements

A tax agreement is the agreement between two (sometimes more, but typically two) authorities concerning matters in relation to tax. There are two types of agreements which were formed in the course of history. TIEAs and DTAs are the mentioned agreements. First-one is focused on exchange of information (EOI), and the second one has its focus on evasion of double taxation. The information about first type of agreements you may find on the Internet or in the special literature. The next information will concern mostly the second type of agreements – DTAs. Meanwhile, nowadays the DTAs cover an EOI part making with it a TIEA needless. Firstly, we need to get rid of confusing terminology. The main concept we will use here is “DTA”, nevertheless on the Internet or in special literature, you may find such next concepts as “DTAA” and “DTC”. Be sure, they all bring up to the same type of agreement which is called Double Taxation Avoidance Agreement.

Be aware that not all taxes are identical. There are numerous taxes, including corporate tax, income tax, wealth tax, inheritance tax, trades tax, property tax, environmental tax, alcohol tax, unemployment tax, import tax, carbon tax, payroll tax, and these is a small part of the existed taxes. At the same time such vices as alcohol can be often taxed three times and cover import tax, trades tax, in addition to specific tax for that vice. That could be interpreted as a form of double (treble) taxation, which is not in choice for DTAs. Though DTAs can include other forms of tax, we would better concentrate on revenue and corporate taxes in this post, as they are annoying ones.

Double Taxation

You face the double taxation when your revenue is charged the same or much-related type of tax twice. Moreover, you can easily avoid this foul problem with a DTA. The main idea is in the fact that the two authorities agree to only tax revenue up to the all-out of either of the two’s tax rates. Therefore, in case when revenue is subject to 20% tax on Authority A and 30% in Authority B, the revenue must only be subject to 30%, but never 50%.

Tax Credit

Using the above example, let us picture an off the shelf company which trades in both Authority A (20% tax) and Authority B (30% tax). Supposing there is a DTA between the two authorities and the firm bear out the liability criteria, by way of paying 20% trade tax in Authority A the firm can control that 20% as a tax credit and just pay 10% trade tax in Authority B. Therefore, this process is named tax relief.

Liability

Tax liability is the concept used concerning the residence, which suits as the prime place of residence for regular persons, and which for companies and firms (legal or juridical persons) is resolute by evaluating things like prime place of business, residence of managers and or stockholders, mind and organization tests, and authority of incorporation.

Nevertheless, the DTAs cover a wide ground, because its scope of tax liability was extended. By getting a greater space for clarification of tax residency, the more offshore companies and persons have a chance to use the agreement to evade double taxation. DTAs are a great solution of your tax problems. Without proper DTAs, the less and fewer foreign investment will be provided, similarly, international trade will face problems. When you are well informed, while engaging in incorporation of the company in multiple authorities with DTAs, you will sure get a possibility for your tax burden reduction by evading double taxation.

At the same time, if you possess a small business and the taxable overseas company registration, you may not be fit for a DTA. The tolerant definitions of tax residence, which are used in DTAs, can interpret even incorporation appropriate to qualify as residence as the second authority. Intra-EU DTAs are often promising by this way, but your benefit may vary.

Before thinking of whether you are qualified or not, remember that tax agreements may be complex and are simply made more complex by authorities with complex tax codes. Therefore, you should better ask a qualified professional, as the information in the post is simplified.

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