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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
UnitedKingdomOverallReviewBrochurePopup
HongKongOverallReviewBrochurePopup

A COMPANY IN RAS AL-KHAIMAH

Accounting: Yes, Secretary: Yes,

0%

€2,200

0%

Formation time :

10 days

Minimum capital :

Dh1,000

ANNUAL FEE :

€1,900

ADVANTAGES OF COMPANY IN RAS AL-KHAIMAH:

0%

  • No income tax
  • A tax free environment with no exchange controls

100%

  • Foreign ownership is permitted
  • A high degree of confidentiality is guaranteed
Start your business in Ras al-Khaimah in 10 days

A company in Ras al-Khaimah

€2,200

Drafting of statutes
Registration of the company
Domiciliation
Government tax
Annual Return
Legal fees
Additional services
Nominee Director
from €300
Nominee Shareholder
from €300
Power Of Attorney
€80
Documents notarization and apostille
from €350
VAT number
€500
Corporate Bank Account
€670
Private bank account
€500
Local phone number
€80 / m
Local phone number + Personal Secretary
€100 / m
Secure remote desktop server
€400 / m
Domain and corporate email
€100 / m
Website and company logo
from €350
Advantages of an offshore company in Ras al-Khaimah
What should I know?

Ras Al Khaimah, the tax haven, located in the United Arab Emirates. It’s extremely attractive to the foreign investors as the fees for company incorporation are much lower than in Fujairah or Dubai. At the same time, the entrepreneur may enjoy all the benefits of doing business in the UAE, the country where all corporate and income taxes are exempted. Setting up a company in Ras al-Khaimah requires, at least, one stockholder, his personal presence while business entity legislation, however, is not obligatory.

Your advantages:

  • The offshore entity in Ras al-Khaimah is registered in 2 weeks
  • 0% Corporate Tax Rate and 0% VAT
  • Guaranteed privacy and non-disclosure
  • First-class bank service

The Ras al-Khaimah jurisdiction successfully combines a number of favorable conditions, providing perfect basis and environment for the offshore business development. There is no obligation to conduct audits or file annual accounts. The UAE is in the white lists of OESD countries, that’s why the entrepreneurs can easily benefit from the cooperation with the highly capitalized banks of Dubai, Singapore, Malta or Latvia. The international banks of these countries operate in the conditions of stable politics and economy, which makes them extremely reliable.

At present above 8000 International Business Companies are registered in Ras al Khaimah.

Benefits of Ras al-Khaimah Offshore:

  • 100% foreign proprietorship is permitted
  • Release from all corporate and revenue taxes
  • No restrictions as to the foreign currency
  • Full repatriation of income and capital permitted
  • No local office requirements, no employees and associated costs
  • Possibility to possess interest in the UAE real estate and intellectual property
  • Ability to act as a Holding
  • No necessity to submit accounts
General information about jurisdiction

The United Arab Emirates (UAE) – the federative state which is situated in the north-east part of Arabian Peninsula and is washed by the Gulf of Oman and the Persian Gulf. The considerable part of the UAE territory is covered by the desert of Rub’ al Khali which is considered as one of the largest deserts in the world. From 1820 to 1968 the territory of the UAE was under the administration of England. In 1971 the UAE have won the fight for independence and became the independent state consisting of 7 emirates: Abu Dhabi, Adzhman, Dubai, Ras-el-Hayma, Umm-el-Kayvayn, Fudzheyr and Sharjah.

Population: 5,5 million.
Capital: Abu Dhabi.
Official languages: Arab, English.
Currency: Dirham (Dh).
The law system: mixed.
Taxation system: no taxes (in some emirates it is necessary to pay taxes in the oil industry and branches of foreign banks).
Political system: constitutional monarchy.

State system:

In spite of the fact that the UAE is a federal state, each of seven emirates is a monarchy. The president (the emir of Abu Dhabi) manages the state, and the Prime minister (the emir of Dubai) leads the Government. Heads of all seven emirates head the Supreme Council which is the most significant state body of management. The Supreme Council deals with general issues of the UAE, foreign and domestic policy. The executive authority belongs to the Council of Ministers headed by the chairman. The Government is responsible for bills and the budget, judicial system, international agreements. Judicial system – federal with civil courts and courts of Sharia. The Supreme Court is the highest court of jurisdiction. In Ras-el-Hayma and in Dubai independent courts, which don’t obey the Federal Court, exist.

Additional information:

Before now businessmen from other countries weren’t interested in the United Arab Emirates. Even 10 years ago according to the UAE legislation to register the international company means that the resident has to own at least 51% of shares. It pushed away potential business owners, in spite of the absence of taxes.

Nevertheless, some emirates have created special advantageous conditions for international company registration. In particular, laws of the emirate Ras al-Khaimah permit foreigners to own 100% of shares of the company. Authorities of the emirate try to attract more investors for business development. For this purpose they created several free trade zones among which Ras al-Khaimah Free Trade Zone is the most popular. Such policy makes the UAE similar to classical offshore jurisdictions.

Key Applications of the IBC:

  • Import and export
  • Offshore companies incorporation
  • Assets’ management, including transfer of assets by inheritance
  • Investments

Advantages of the IBC:

  • Political stability
  • The high level of reputation
  • Absence of currency control
  • Null taxes
  • The UAE doesn’t sign the Convention on Mutual Administrative Assistance in Tax Matters

Shortcomings of the UAE:

  • Expensive registration
  • Large costs for management
  • It is required to obtain the license and to prolong it annually
  • It is necessary to surrender statements and to audit
  • It is impossible to use international agreements of double taxation avoidance
  • Information about beneficiaries has to be known to local authorities
Taxes and other payments
  1. The IBC company doesn’t pay the income tax.
  2. There is no tax on repatriation of profit.
  3. One-time charge in case of company registration: Dh7000.
  4. License charge: Dh3650 – Dh15000 (depends on a license type).
  5. The annual service charge: Dh1200.

Other features:

To conduct business activity the international business company must have the license. In the UAE there are 4 types of license that depends on a type of the company activity. License validity period – 1 year, then it is necessary to prolong it.

Characteristics of IBC:

Main characteristics

Type of the company

International Business Company (IBC)

Legislation

Mixed

Period of registration

10-12 days

Corporate income tax

No

Agreements of double taxation avoidance

No

Activity in the territory of jurisdiction

Yes

Relocation into other jurisdiction

Yes

Authorized capital

Standard currency

AED

The minimum paid capital

Dh1000

The declared capital (by default)

Dh1000

Participants

Minimum

1

Publicity of the participants’ list

Yes

Places for meetings

Any place

Final Beneficiaries

Confidentiality of information

Information is available only to the local agent and to the local authorities

Directors

Minimum

1 person

Local Director

Not required

Publicity of the directors’ list

Yes

Places for meetings

Any place

Secretary

Is it required?

No

Has to be a resident?

No

Accounting

Maintaining financial statements

Yes

Audit of financial statements

Yes

Filing of financial statements

Yes

Confidentiality of the accounting

Yes

Annual non-financial report

No

Payment for the submission of the non-financial report

No

Fees to the budget

Annual fees to the budget

To Dh16200

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Offshore Express company Контакты:
Адрес: Dalton House 60 Windsor Avenue SW19 2RR London,
Телефон:01 76 38 01 12, E-mail: contact@offshore-express-company.com