Wednesday, November 15, 2017
Investors who want to set up a hedge fund will look for jurisdictions that offer tax advantages and sound market regulations. There are a number of jurisdictions worldwide that are commonly referred to as “tax haven” and what these countries offer is a favorable environment for setting up a fund and generating more profits. Here are some of the best countries for setting up hedge funds.
Why the hedge fund jurisdiction matters
Hedge funds are a type of fund suited for long-term investments that offer flexibility because they allow investors to engage in various investment strategies. A key characteristic is that this type of fund is managed by an investment manager. The process of setting up a hedge fund will differ according to the chosen jurisdiction.
Many international investors choose to set up their hedge funds in offshore locations because of tax neutrality and other fiscal advantages. Luxemburg is one of Europe’s smallest countries and also a well-known fund domicile in the EU. The country offers economic stability, a very well developed financial sector, and low taxes. You can find out more information on how to start a hedge fund in Luxembourg from a local expert or a tax lawyer.
Countries suited to hedge fund creation
Investors have access to a large number of offshore fund locations, in Europe, Asia, the Middle East or the Caribbean just to name a few. Investors who want to set up funds in Europe can do so in Luxembourg or Switzerland. Opening a hedge fund in the Netherlands is another advantageous option because of the country’s strategic location in Europe and its recognized tax advantages for setting up an international business. Among other EU hedge fund destinations, we can mention Malta, whose attractiveness as a hedge fund domicile is primarily focused on its flexible fund market and a well-established regulatory framework for these types of investment structures. Setting up a hedge fund in Malta is straightforward and investors have numerous options.
The hedge fund is a type of fund that has high investment return and, when based in a favorable jurisdiction, it can become an efficient investment structure.
Tuesday, October 24, 2017
Switzerland welcomes foreign investors and the country is a popular location for international company headquarters in Europe. Some of the main reasons to invest in Switzerland include a stable economic and political environment, a well-established and transparent legal system, good infrastructure and developed banking and financial sectors.
The process of setting up a company in Switzerland is a simple one and investors benefit from various tax incentives at a cantonal level.
Types of companies in Switzerland
The main types of companies in Switzerland are the corporation (AG), the limited liability company (GmbH), the partnerships and the branch of a foreign company.
The corporation is a widely-used business form that requires a minimumm share capital of 100,000 CHF, with a minimum share value of 0,01 CHF. The Companies Law requires that at least 50% of the capital or 20% of the nominal value of each share (whichever has the highest value) needs to be paid by the date of the first shareholder’s meeting.
Requirements for company registration and management in Switzerland
Investors who want to start a business in Switzerland need to follow a few steps for company incorporation:
- choose the type of company and an available business name;
- open a bank account and deposit the paid-up capital;
- draft the company’s Articles of Association;
- file the registration documents and forms with the Commercial Registry;
- register for VAT purposes;
- register with the Cantonal Social Security Office;
The taxes for companies in Switzerland are levied at a federal and cantonal level. Companies need to observe the applicable tax rates and the requirements for tax filing and annual reporting. Companies observe the Swiss Generally Accepted Accounting Principles (GAAP) and they are subject to audit if they meet two of the following three criteria: balance sheet of 20 million CHF, 250 full-time employees and/or a revenue of 40 million CHF.
Investors who want to open a company in Switzerland are advised to seek professional legal assistance for the entire company registration procedure from our reliable partners - Experten in der Firmengründung Schweiz.
Wednesday, July 5, 2017
Foreign investors all over the world have the opportunity to enter the Chinese market, one of the most important in the world, and have access to a market of 1.3 billion consumers. China is the second largest economy in the world and offers the possibility for foreigners to open a special type of company - the wholly foreign owned enterprise (WFOE). The share capital of this company must be provided by the foreign citizen(s)/ legal entity(s) that are founders of the Chinese WFOE.
The foreigners are allowed to take the profits out of China, in their resident countries. They don’t have access to all the economic fields in China, there are some restrictions, but other sectors of the economy are largely opened to foreign investments, such as new technology and equipment, the development of new products or energy preservation etc.
WFOE is a sort of limited liability company and it is a legal entity that can be used for different business purposes. There is a law that regulates the activities of WFOEs in China and, if you need more information about that, you may contact our local lawyers. The minimum share capital for this type of company is different according to field of activity chosen by the investor.
Other types of entities that can be set up by foreign entrepreneurs in China are: partnerships, representative offices, Hong-Kong or Shanghai free-trade zone companies. The companies opened by foreigners in China must be registered with the State Administration for Industry and Commerce and obtain an approval for operation from the Ministry of Commerce.
Thursday, April 6, 2017
The local and foreign investors who want to set up a car rental company in Romania must follow a few legal steps for incorporation and they should know that the procedure has been simplified in the last years. The Trade Register functions as a “one-stop” registration office and the incorporation procedure lasts only a few days once all the required documents are submitted.
The entrepreneurs must first decide the type of company they want to open in order to offer car rental services in Romania. The most common types are limited liability company (SRL) for small businesses and joint stock company (SA) for large ones. A foreign investor who wants to set up a company in this field can give the power of attorney to a local lawyer who will be in charge with all the company formation aspects and will provide legal assistance for starting the business. The local attorney will inform you about the special license or permits necessary for your company.
The car rental industry in Romania has developed in the last years and it is expected to grow as the economy is on a positive trend and the number of foreign tourists coming to Romania has increased year after year. Car rental sector increased by 12% in 2015 compared to the previous year due to the large number of foreign tourists who visited our country. A part of the businessmen who invested in this field have targeted also the local citizens interested in renting cars in major Romanian towns. The prices for this service are low comparatively to other European countries or exotic destinations like Dubai (http://www.rentluxurycarindubai.com), so this business has a high potential of growth in the next years.
Tuesday, February 21, 2017
As a German speaking person it might be hard to find a Company Formation Specialist in Netherlands for the formation of your company. In this case we recommend our partners INCO GROUP which can assist German nationals in establishing Dutch companies.
Please access the following link:
Please access the following link:
Tuesday, January 17, 2017
Hong-Kong is one of the most famous offshore jurisdictions in Asia and even the world. Businesses setting up there can enjoy easy access to the Chinese market and low tax (or no tax) for their corporate income. Hong-Kong is especially useful when expanding your business in an Asian country as a good location for a holding company. Opening a company in Hong Kong can be done quickly with low costs and a maximum of privacy.
If you want to know more on the basic procedure for establishing a company in HK please see: http://www.cr.gov.hk/en/home
For more general info on foreign investment in Hong Kong please access http://www.censtatd.gov.hk/hkstat/sub/sp260.jsp?productCode=B1040003.
Thursday, September 29, 2016
Liechtenstein is indeed an offshore jurisdiction and and a special tax haven for different high income individuals or corporations, but is actually regarded as a top location for asset protection structures such as trusts (family trusts for instance) and foundations.
Also incorporating simple Limited Company structures could be beneficial for tax minimization purposes. If you are interested to find our more about Liechtenstein as a country please visit http://www.liechtenstein.li/en/. If you are interested in this countru as a possible location for your future business please visit http://dfat.gov.au/trade/Pages/trade-and-investment.aspx or Companyformationliechtenstein.com.
Tuesday, January 12, 2016
As a foreign businessman looking to set up a business in Ireland, you should know some important legal and administrative aspects. From choosing the right type of legal structure to obtaining special permits and licenses, the experts at our partner law office in Ireland are ready to assist you in every company formation phase. Our partners in Ireland have identified 5 main legal demands that every businessmen should be aware of when opening a company in Ireland.
1. Choosing a legal form for your business
Any new company in Ireland must be incorporated as a legal structure. The main types of companies available for incorporation in this country are:
- private and public limited companies;
- companies limited by guarantee without a share capital;
- private unlimited companies with a share capital;
- sole proprietorship;
Each company type has its own particularities, this is why you should ask for the help of a legal consultant in Ireland which can help you choose the most suited one for your business objectives.
2. Registering your new company with the responsible Irish authority
After you have chosen the right type of company, the next step is to register it with the Irish Trade Register. For the registration process you will need to submit several documents and complete some important steps such as: choosing an unique name for your company and drafting the Articles of Association. Our partners in Ireland can help you draft the Articles of Association and can handle the entire company registration procedure.
3. Registering your company with the PAYE and PRSI
PAYE (Pay As You Earn) and PRSI (Pay Related Social Insurance) are the Irish systems responsible for the deduction of taxes imposed on employees. Therefore, if you intend to hire personnel at your new company, registering your business with PAYE and PRSI is another legal requirement that you must respect.
4. VAT registration in Ireland
Depending on the amount of your company’s annual revenue, you may be required to register for VAT in Ireland. VAT registration is mandatory for companies that generate the following annual turnovers:
- €37,500 from the sale of services;
- €75,000 from the sale of products.
There are four VAT tax rates in Ireland and depending on the industry sector your company activates in, you could pay a 9% or a 23% VAT rate.
5. Obtaining business permits and licenses in Ireland
Special permits and licenses are required in Ireland depending on the industry you intend to activate in. Some of the domains that require licenses are:
- the gambling sector;
- the food and beverage industry;
- the transportation sector;
- the mass media sector.
If you intend to open a company in one of the sectors mentioned above, you cannot start your business activities without obtaining a special license.
As you can observe there are several legal requirements you must comply with when opening a company in Ireland, but with the right legal help you can make sure that your new business respects all the rules and regulations imposed in this country.
Tuesday, September 15, 2015
A foreign investor who wants to open a company in Spain should follow a few steps before starting his own business in this country. The first step is choosing the proper type of company for his business and this can be done easily with the help of a local lawyer who can present him the main advantages and disadvantages of each type of company available in this country.
Then, the foreign entrepreneur must decide the name of his company, verify it with the Trade Register for availability and draft the documents for the incorporation. If you are interested in finding out what documents you need and the conditions for starting a company in Spain, such as the minimum share capital or the number of shareholders, you may contact a Spanish attorney. He may represent you in front of the local Trade Register for the incorporation procedure, so you don’t have to spend time to travel to Spain for bureaucratic procedures.
After the foreign investor receives the registration certificate and the incorporation is published in the gazette of the Trade Register, he is allowed to start the economic activity.
Thursday, July 9, 2015
Do you want to expand your business in the Middle East? You can choose to open a company in the Ras Al Khaimah Free Trade Zone (RAK FTZ), one of the most important destinations for foreign investors in UAE. You will benefit from 100% tax-free environment, 100% foreign ownership and low costs.
- 100% privacy
- 0% Corporate Tax
- 0% witholding dividend tax!
- 100% privacy
- 0% Corporate Tax
- 0% witholding dividend tax!