Reasons to Form Your Company in Another Country

If you are considering opening your business up in another country, especially BVI company formation there is a lot to consider. There are numerous reasons that you might want to think about this, including being able to cut down on costs and even save money in taxes. Here are a few more of the top reasons to consider shifting your business if you have already started to think about this.

Reasons to Shift Your Company

For those who already have a running business, then you might want to think about shifting it or Bahamas company formation and you need to know the reasons to do that. There are plenty of reasons to consider this, such as:

• Saves on taxes – When you move your business to another country, then you are more likely to save on money that you might have spent on taxes. You should consider this and find out just how much you might be saving so that you can determine if it is worth it or not.

• Cuts on costs – Also, if you are shifting to another country, then it is likely that you can cut down on the costs. This is because some types of businesses don’t cost as much to run in other countries and you can find yourself saving a lot of money in different areas.

• No restrictions – Another good reason to consider operating your business in another country than your own is because some don’t have restrictions. This would mean that they can be started in another country while you are working remotely to get everything completed.

Ensure that you are thinking about these reasons when you are trying to decide just where you are going to start operating from. The more you know about the reasons that others use to make this decision, then the easier it will be for you to make the same choice.

Go ahead and look at UK LTD/LLP company formation before you make a final decision since this is a great way to save money on taxes. Also, you can cut down on the costs that you might see in your home country and that you can save on if you are finding the right place. There are also some countries that don’t have the same restrictions and rules, which can benefit you if you are hoping to avoid a lot of rules and regulations.

Mauritius Offshore company

About Mauritius

Mauritius is an island in the Indian Ocean, which was ruled for 158 years by England until 1968 and now it became independent commonwealth country. The population is approximately 1,200,000 and their official language is English. Mauritius has developed into a diversified economy, with growing industrial, financial and tourist sectors. Their annual growth is 5-6 percent; it is renowned as an offshore jurisdiction. Mauritius has attracted more than 20,000 offshore entities in the last years.  But the requirements to prepare and file accounts, as well as the disclosure of the beneficial owners, shareholders, and directors to the registry are crucial disadvantages of the jurisdiction.

The island is internationally recognised for its stability; companies can hold 2 different categories of global business license. Mauritius GBC I companies are resident in Mauritius and consequently subject to tax, GBC 2 is for international companies, which not paying any taxes on their worldwide profits.

Mauritius Offshore company   GBC 2

The Mauritius Offshore company is perfect for internet commerce, intellectual property management, the custody of movable and immovable property, consulting, inheritance provision, stockbroker and forex and international business. They have many benefits: the highest confidentiality, and privacy, no accounting and reporting requirements, share capital must not be paid up. You can receive services such as a dedicated client relationship manager, Bank account, including e-Banking and credit card.  Anonymous company formation with nominee director and shareholder and basic establishment fee of 3,290 USD.  The time of incorporation is one week for GBC 2.

 Mauritius Offshore company  GBC 1

Mauritius has two different categories of a tax resident company. One of them is Mauritius GBC 1 with share capital of US$1,000,000, minimum paid up share capital is $1. The classes of share availability: registered shares, preference shares, and redeemable shares with or without voting rights. The company require to have a registered agent and a registered office in Mauritius provided by a licensed service provider, they also require to have at least 2 minimum of the directors. The directors can be of any nationality and do not need to be a resident of Mauritius, but it is preferable to have a minimum one resident director. The company require  a minimum of one shareholder and there are no publicity of accessible records. The meeting of the board can be anywhere.  The taxation rate for the company GBC 1 is of 0-3%.

The Mauritius has double taxation treaty access with Belgium, Botswana, China, Croatia, Cyprus, France, Germany, India, Italy, Kuwait, Luxembourg, Madagascar, Malaysia, Mozambique, Namibia, Nepal, Oman, Pakistan, Rwanda,  Singapore, South Africa, Sri Lanka, Swaziland, Sweden, Thailand, Uganda, UK, and Zimbabwe .

Their currency will be Mauritian rupees; They allowed to use the English language in companies names, however they you cannot use in the company names restricted words such as assurance, bank, building society, royal, trust company, trustee company.  The company name has a special format and they must use words limited, corporation, incorporated, public limited company, Societe Anonyme, etc. The time of GBC 1 incorporation is three to four weeks.

If you are interested to register a company in Mauritius we will be happy to serve you at bris-group.com

All about Hong Kong Company incorporation and Formation service   — Bris Group

Hong Kong is one of the most liberal economy in the world today. Therefore, opening a company there is easy, fast and cheap. Opening a company in Hong Kong requires quite a bit of paperwork and, if you have never done this before, it may be difficult to sort everything out by yourself. Moreover, you’ll […]

via All about Hong Kong Company incorporation and Formation service   — Bris Group

All about Hong Kong Company incorporation and Formation service  

Hong Kong is one of the most liberal economy in the world today. Therefore, opening a company there is easy, fast and cheap. Opening a company in Hong Kong requires quite a bit of paperwork and, if you have never done this before, it may be difficult to sort everything out by yourself. Moreover, you’ll have to go there. You can solve this problem by hiring an agency that does all the work on your behalf.

Furthermore, you can open your company or incorporate it without traveling to Hong Kong by doing an E-registration or Paper registration. There are some general requirement for the formation of a Hong Kong company and they include: A shareholder and director over 18 years old, a company name, copy of your раѕѕроrt and a рrооf of residence such as уоur раѕѕроrt number, address, аnd thе name оf the dіrесtоr and ѕhаrеhоldеrѕ of your Hong Kong Company and onе lеgаl ѕесrеtаrу (position tаkеn bу a Hоng Kоng реrmаnеnt rеѕіdеnt or Hоng Kong Cоmраnу)

However, there are agencies that could do your company registration and incorporation for you without necessary coming to Hong Kong all what is required from you is to; fill in and submit to an agency the formation form for providing the details of proposed company name, shareholders, directors, secretary and registered office. Then we shall check and confirm if it is registrable within few working days.

And they shall prepare and send bу еmаіl all thе documents for incorporating a company, including appointment of fіrѕt directors’ аnd issue of share certificates. After processing, the documents will be sent to the client, and then the company can be used. This procedures is usually completed within a time period of two week. Also, our qualified staff are available at your disposal to help you with the Hong Kong Holding company formalities from bank account opening, document processing and the address and name of company.

Generally, the procedures pertaining to Hong Kong company formation or incorporation are simple and your company benefits from a well-established legal system with no exchange controls exist and a low tax rate. However, operating a retail shop, a trading company, a travel agency, an employment agency, an education business, a restaurant, a financial services agency, an event management agency are activities that requires receiving a license, so it is of essence to apply for it. The type and number of permits required and licenses vary greatly from business to business. We’ll help you with our qualified business consultant in Hong Kong for professional advice, which will certainly help you start your business and in the legal framework of this city-state.

 

Company Formation in Australia

The first thing you must do before attempting to have an Australia company formation is to determine for yourself if a company is really what will meet your requirements, or if you would benefit more from another type of business arrangement.  Perhaps you will even need to visit a financial professional for advice.

Forming a company allows you to do business anywhere in Australia.  It also gives you the opportunity to use other rights given to you, like limited liability or corporate tax rates.

Keep in mind too, that registering a company name is not the same as registering the name of a business.

You are further able to register various kinds of companies, such as:

non profit or charitable organizations

companies for special purposes

Australian registrable bodies

Company Formation in Australia – Selecting a Company Name

Some things you need to think about when selecting a name for your company are:

A company’s name is not permitted to be the same as that of an already existing company.

You can check online to find out if the name you have in mind is not already taken.

There are some instances in which you may be able to register a name that is identical for the company.  You will have to inquire about these.

Only certain characters and terms may be included in the name of a company.

You can look online to find a list of characters and terms that are considered acceptable to go with a company’s name.  This would apply even for Australia company incorporation.

Company Formation in Australia – Reserve a Company Name

If your company isn’t ready to be registered yet, but you have your heart set on a certain name and want to be positive that it will still be available, you can file an application to have it reserved for your Austalia company formation.  If it receives approval, the name will be reserved for a total of two months.  Should you need longer, you will need to apply again.

How Will the Company Be Governed

Before you can think about registering a company name, you have to consider how your company is going to operate.  There are three ways in which this can be done:

replaceable rules

a company constitution

.  both combined together

Replaceable Rules

Now for company formation in Australia, you can use what are called replaceable rules.  They are found in the Corporations Act and are a set of basic rules for the running and administration of your company.  In lieu of a constitution, a company can just use the replaceable rules.

Company Formation in Australia – Constitution

If a company prefers, they can have a written constitution rather than implementing replaceable rules.  In this case the company needs to keep a copy of that constitution along with the records of the company.

Have a Solid Comprehension of the Duties and Obligations of an Officeholder

Should you be an officeholder in a company, you are required to obey the rules in the Corporations Act.  Part of this is upholding your legal obligations:

making certain important company details are updated

upkeeping records and company details on the register

making certain the correct lodgment and yearly review fees are paid.

When all is said and done, it is the officeholders who have the duty to make sure of a company’s adherence to the Corporations Act.

Obtain Agreement from Officeholders, Occupiers, and Members

You need to have written agreement from the people that will take on these roles:

Director (over 18)

Member (it is necessary for every company to have at least a single member).

 .  Secretary (over 18)

One director or secretary needs to live in Australia.

The above are just some of the rules for Australia company formation.  This is only a sampling, as there are far too many to write them all down.  But it provides you with an idea of what’s required to start up a company in Australia.

Detailed information you can request from BRIS GROUP – company formation agency

Take proper assistance of professionals to form your company in Ireland

ireland-company-formation

If you are interested to offshore company formation then you must know that it requires choosing a country of incorporation outside of the country you stay in. Since several countries have become popular destinations for offshore formation, most of the business owners find the offshore formation very interesting and advantageous. However, the offshore formation is required proper security and confidentiality that not all the countries offer successfully for operating companies. In fact there are countries that do not care much about the protection of the offshore companies. Countries like Ireland offer one of the best services for the offshore companies. Many owners opt for Ireland company formation for a huge gain and advanced rules because it is one of the best countries to go for offshore formation.

Things you must know about offshore company formation

Before you start offshore formation process for Ireland incorporation you must know the basic rules and regulations, terms and conditions. Most of the business tycoons and sellers expand their business with a number of profitable advantages through such formation. From relaxation in taxes to other many financial and privacy benefits will allow you to form your company offshore. Though there are some proper criteria that you must meet before you go for such formation. The criteria usually vary on countries to countries.

Take a look at how the decision of offshore formation can benefit you:

  • Reduced taxation:relaxation in tax happens to be the primary reason for an offshore incorporation. If there is no controversy regarding tax obligations in the country jurisdiction, it is better to opt for incorporating there soon.
  • Confidentiality:Privacy matters in business. Most of the offshore jurisdictions won’t allow others to know about company financial information.
  • Asset protection:  Those business owners who are interested in international marketing, for them an offshore company can be a lot valuable as it can hold the assets, such as real estate investments or any other property etc.

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Expert service for you

If you are in search of a high quality offshore formation service provider then you may search online as there are a number of companies to assist you with all essential terms and processes. There are a few agencies that provide offshore formation services to the clients and the business owners. You may visit at bris-group.com and check out the offshore company formation services they offer in Ireland and in many other countries as well. They are providing services since many years and the professionals there are all acknowledged to the legal terms and facts needed to follow for offshore formation. Forming companies in other countries without an expert’s help can be pretty tough as it won’t be possible for any business owner to know all the rules and terms affirmed by different countries. The professionals would provide you the particular country norms and guide you for an absolute procedure of forming your company in Ireland. So you can get relieved of all the offshore formation tensions and get prepared for settling in a new location.

Company formation in Nevis gets easy with Bris Group

Nevis, a part of the Southern Caribbean, provides the world-class infrastructure for the corporate offshore services. This place is becoming rapidly one of the most favoured and convenient offshore company locations in the world. The perfect and open offshore environment has made Nevis a centre of attraction for the investors. Simple offshore regulation and ease of company formation procedure are the main reasons for the Nevis company formation.

Nevis Company formation by B.R.I.S Group1.jpg

In the recent time, the craze of investing for the company formation in abroad has increased and people always look for the most suitable place for their business with the proper environment. Nevis, now the part of the British Commonwealth is a top destination in the offshore market. This country offers a stable political environment. Here, the business owner can get the most valuable raw materials of business – a well-educated and English speaking workforce. This country follows some of the most secure international business laws that can ensure the client’s confidentiality and privacy with minimum financial risk.

Advantages of forming an offshore company in Nevis:

Here are some advantages of forming a company in Nevis or this may be said these following features stand Nevis apart from the rest.

  • Flexibility of ownership and management structure: Establishing a company here you may enjoy flexibility in the management structure. There is no ultimate requirement for having a director, shareholders, and officers for the company. The trusted entities may act in these posts.
  • Residential opportunities and citizenship: In Nevis, there is no restriction for the dual-citizenship and this citizenship can be gained by the Residency Program and this process takes less than 6 months. Here is other information to share; in Nevis there is no tax requirement for an individual who decides to be the resident.
  • Benefits of tax exemption: An offshore company in Nevis can enjoy the exemption from taxation. The business owner doesn’t have to pay any income tax and similarly there is no corporate tax, exchange control, asset tax or withholding tax. This facility makes the possibility of earning profits larger.

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Importance of professional assistance for the company formation

Forming an offshore company is a quite tricky task and the entity should know all the terms and regulations that have to follow during this process. But, this is not possible for all to acquire all the knowledge and moreover expertise is important to channelize the entire process in a hassle-free way. So, if you are willing for the Nevis company foundation, this will be the best if you let the professionals handle your entire job.

Complicated jobs get simple here!

BRIS Group, the leading international incorporation services group, is a familiar name in this field and they serve their clients located in more than 50 countries. They have huge experience in this process and offshore company formation. They are available 24/7 and if you have any query you may ask anytime. They always keep themselves well-informed of changes in legislation that can influence the activity of your business. Browse the link bris-group.com and you will be able to collect lots of information about the source. If you are looking for forming an offshore company in Levis, BRIS Group is the best source to meet and they will be happy to offer you services with relevant information and quotation.

Forex license – A must acquire for overseas business exposure

In today’s modern world globalization has changed the face of industries. Industrialists are expanding their business not only to other states or cities but also to different countries and continents. It has now become more evident that the geographical boundary doesn’t have any significant impact on the business promotion. People are now setting up their business not only in their own countries but also to offshore countries. Along with the required global exposure, it helps the owners to acquire so many advantages for their business. One such place which is becoming attracting business persons nowadays is Vanuatu. But to get a forex license in Vanuatu you need some legal assistance and help.

forex-license-by-b-r-i-s-group1

Forex license is the license that people need to set up their business in offshore countries. But successful accomplishment of the process is one of the most difficult tasks because there are so many processes and legal terms and conditions that one has to go through to get a forex license like merchant account, company formation, business account opening, nominee directors, office service etc. Even after doing all this work properly there is always a chance that you may get rejected. So the best way to get a forex license is through an offshore formation company. There are lots of benefits of obtaining a forex license like

  • Non-residential individual can act as the owners or directors.
  • There is very affordable license fee.
  • There is low cost of renewal fees.
  • Can operate around the globe.

One of the best offshore companies that can help you to set up your company in Vanuatu is B.I.R.S. Group.  You can find the full details about their company through their online website bris-group.com. They are one of the leading companies to give service over more than 50 countries. They have many professionally experienced employees that can cut your long process of getting a forex license into short. They will assist you from every step to obtain a forex license from the jurisdiction like company formation, compliance advisory, all the essential requirements to start a foreign company, merchant account and business account opening, nominee directors, office service etc.

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The procedure for applying for a forex license is very difficult without a professionals help. They do not guarantee you that they will give a forex license but what they promise is to increase the chances of getting one quite a number of times. They will assist you in every step of yours to get a forex license in Vanuatu.

Browsing online is one of the convenient ways to find out which company can be of help for this purpose. There are plenty and that often makes the task pretty complicated! But, the best thing is that once you go through the official websites of the selected companies, things start to get clear.  Through online websites you can even know about the company past history and works. Even the reviews given by people will help you know about the companies work better. All this benefits are only present online. You cannot find these advantages while hiring a company offline. So if you are thinking of expanding your business abroad, just go online and hire a professional today to set up your business offshore.

Why entrepreneurs desire for the LLP formation in the UK?

With the introduction of globalization, today we can access the international market easily. In the United Kingdom, Limited Liability Partnership (LLP) is a quite popular vehicle for international commercial activity. This is because the LLP formation in the UK can offer legal association that provides their members with limited liability and the transparency in the tax.

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In the recent time, the tendency of establishing LLP is at the peak as this offers the entrepreneurs a great opportunity to earn foreign money. In the UK, there has a large commercial market and huge scope to expand your business. Except from having a direct impact on the company turnover and grabbing the attention of the foreign prospects, there are some others advantages of LLP formation as well.

Here you can have a glimpse of some of the aspects that the business owners are looking for:

Reduced taxation opportunities for international business

As members and the shareholders of a business may potentially have a tax liability in their home jurisdiction, forming LLP in the UK the business owner can enjoy a great tax benefit. When an LLP in the UK is engaged in a trade with the view of making profit with no UK business partner, the UK has no authority to tax the LLP and its members.

Can enjoy the double tax benefit

LLP in the UK is not taxable and the business owner can enjoy some tax exemption in his home country. This makes them to have double tax benefit.

 Some specific benefits for business offered in the UK

To attract the foreign treaties, UK offers some special advantages for the specific businesses. The business owners always like to form an LLP to enjoy all these benefits along with enjoying a big customer base there. The countries that have less money value than the UK, always fix their target to earn in pounds and forming LLP is the best way to have the same.

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Professional guidance is important here!

If you are willing about the LLP formation in the UK without having experience, think once again before starting alone. This is not a simple task to maintain properly. You should be able about all the norms of the UK while entering in the limited partnership business. Some professionals are there who have specialized in this field and BRIS Group is one of them. You can take their assistance and they are ready to make your process smooth. They are expert about the norms and the rules of some specific countries and UK is one of those. They can guide you through the entire process of the LLP formation. So, if you are dreaming to access the international market, take their assistance and make your dream fulfill.

Establish offshore Company with LP formation in Scotland

With the emergence of globalization, a number of companies are opting for offshore business. This provides them a great scope for accessing the world market and gaining various other benefits. One of the highly influential countries is Scotland. In the recent years, numerous companies have established LP formation in Scotland for reaching to a wider network. This is one of the prioritized places for setting up a successful offshore company. It gives the entrepreneurs a number of benefits that include tax benefits and increased confidentiality. Although bonding with a new enterprise might require the assistance of a consulting firm.

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Why should opt for the formation of an offshore company?

Certain individuals might have plans for expanding their business with an offshore company. It would be a good idea to have certain knowledge about the benefits they are going to receive from the formation. Below mentioned are some of the great advantages:

  • Minimize tax –One of the primary reasons for incorporating a business offshore is the tax benefits. The company can legally minimize the tax obligations if they have registered with an offshore company.
  • Asset protection –It can act as a great source for intellectual property or real estate investment. The partners are bound to receive the profit with no direct involvement in the business.
  • Low capital requirements –The companies receive flexibility in terms of the structuring of the capital. This might include low or zero minimum paid up capital requirements.
  • Simplicity – The process of establishment and thereafter maintenance of the company is relatively simple. After incorporation, the companies gain benefits such as more flexible regulations as compared to onshore companies.
  • Wide market –The company will have access to a wider market. This will elevate their business and would resemble at the international level.

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What is LP formation?

When you plan to contemplate a business in another country then there are certain legal terms which are used for the formation of a company. One of which is the LP or Limited partnership formation, people might have heard the abbreviation. This type of formation has one or more general partners and one or more limited partners. The limited partners receive a share of profit and get protected against personal liability for the partnership’s debts.

What are the benefits of Limited Partnerships?

Now, let’s take a look at some of the advantages of the limited partners:

  • Tax benefits –The partners gain tax benefits and they are taxed on their personal income tax returns. They are bound to share the profit and loss of the business without much involvement.
  • Limited liability –The partnership debt of a limited partner is restricted to only the amount or property invested in the business.
  • Investment opportunities –It is a great opportunity for investors to receive benefits from the profits and losses of a business without much to involve in the activity.

Consult a reliable consulting firm for a successful formation

The incorporation of an offshore company involves a lot of administrative and judicial work. It is quite obvious that most of us are not well-versed with the requirements. Hence, the entrepreneurs consult a consulting firm. They charge appropriate value for services that include virtual office, bank account opening, VAT Registration, Merchant Account. The reference of one of the reliable consulting firm is given at the end. This company has great contacts in 50 countries and can establish the business skilfully. The knowledge of the professionals is of great importance to their clients. So if you are willing to set up a business and searching for a reliable source then visit the link bris-group.com.