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Starting an international business. To offshore or not to offshore?

*When you decide for your business to become international, what to do and how to deal with legal matters? First of all, we should talk about why businesses are massively using international jurisdictions for functioning.* When you form or relocate your business to another country you can achieve a couple of very crucial goals. Sometimes legal or taxation climate in your country is not opportun...

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The Great Step Towards China

*Offshorelicense Ltd is an outward-looking international business company that has demonstrated tremendous growth in recent years by providing the first-class services on the global stage. The company is a trustworthy turnkey partner in setting up an offshore company alongside offering a wide range of business solutions.* Our worldwide team of experts has an extensive experience in the **inter...

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International Monetary Fund Demands Tax Reform from Hong Kong

...in recommendation of the IMF is to create new, progressive tax regime, which will include earlier rejected value-added tax, sales tax and other variations. **This will let Hong Kong to remain an innovative offshore jurisdiction** highly rated by the international businesses.

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The new anti-money laundering law of the Island of Man

...Act 2018.** This actually means that it is an official AML/CFT law from now on. This was an expected development in mind of the recent trend of updates in the field of Anti-Money Laundering Law. The Isle of Man is a well-regulated and developed international business center and the new law will help to preserve its respectful status. The IOM Government stated that the new law will enhance its...

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Two more opponents of the UK policy regarding public registers

...cussed that [Barbados does not support opening of its register of beneficial owners](https://www.offshorelicense.com/blog/detail/private-beneficial-ownership-register-barbados) of enterprises to the public, as was stated by the Minister of Industry, international business, Commerce and Small Business Development, Donville Inniss, at the STEP Conference. Recently, it was announced that the **Br...

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Peru has joined two major OECD Conventions

...ross-border tax evasion. Peru has taken all of the necessary steps to become a member of the **OECD Multilateral Convention on Mutual Assistance in Tax Matters** and also the **OECD Convention on Combating Bribery of Foreign Public Officials in international business Transactions**. This is the most comprehensive multilateral instruments on cross-border tax co-operation. These implementat...

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Private beneficial ownership register in Barbados

**Barbados does not support opening to the public of its register of beneficial owners of enterprises**, Minister of Industry, international business, Commerce and Small Business Development, Donville Inniss, stated at the opening of the **Society of Trust and Estate Practitioners (STEP) Caribbean Conference**. He mainly addressed his speech to his counterparts in the British government. As a...

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Outsourcing Accountants and Bookkeepers for Offshore Business

Entrepreneurs are constantly busy finding new cost-effective ways of doing business. Accounting and bookkeeping are challenging for international business therefore more and more companies are choosing offshore outsourcing for these operations. Deloitte prognosed rapid growth of finance and accounting services outsourcing through next couple of years. That these actions are not core specializ...

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GST and Excise Tax Revision in Belize’s New Budget

...mported into Belize’s economic zones will raise from 2 to 3%.** The regime changes are implemented according to the OECD compliance requirements, and also to minimize abuse, tax evasion and any other negative factors for Belize’s Government.**international business Companies will enjoy preferential low-tax regime until October 2018.** The other transitions will be implemented soon, as Beliz...

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How to Incorporate a Company and Why it is Beneficial

...l. Having a real physical office is useful for controlling all periodic payments and document renewals. Nevertheless, it is crucial to constantly monitor business state. To finalize, a proper incorporation of the company is a reasonable choice for international business. A legal entity, which meets all requirements of the chosen jurisdiction, is the best option for entrepreneurs who want to act ...

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Seychelles - Mauritius Potential Financial Services Partnership

...** visited Mauritius to discuss matters of becoming partners. The current plans include working in financial sector to develop international business potential of both countries. Presently, **Mauritius is a popular African territory for starting international business**. It is a competitive economy according to different factors. One of them is Mauritius double tax treaties with developed coun...

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Why Moving Your Business Offshore Sounds Reasonable

...re very low. Furthermore, Bahamas, Isle of Man, Bermuda, Bahrain and the Cayman Islands don’t have any corporation taxes at all. In contract, the corporate tax in countries with advanced economies is exceedingly high. Setting up an offshore or an international business company (IBC) is convenient for both, young entrepreneurs who want to start smoothly as well as for experienced businesses eage...

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The New Transparent Taxes in Latin America and the Caribbean

...d its 70th anniversary. What happened and how business conditions will change in this region? We will analyze the newest tendencies and explain how business will develop in **LatAm** and the **Caribbean**. The reputation is a crucial factor for **international business jurisdictions**, therefore implementing legislation that prevents money laundering and tax evasion, is a paramount for the gove...

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Shanghai Free Trade Zone: The Updates

... companies in the Shanghai Free Trade Zone. Moreover, the official Chinese information agencies stated, that this will become a unique experience for China. Foreigners have never been in equal status with citizens and this will change magnificently. international business will have a chance to enter markets - including stock - and be financed by Chinese investors. It is very important that such...

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Business advantages of Belize offshore jurisdiction

*What is an offshore company? We have already analyzed reasons to go offshore in 2017, and now the time has come to analyze Belize company formation process.* **This Central America country is considered as one of the most favorable for international business.** Most common company structure in this jurisdiction is an IBC (international business company). It is regulated by 1990 and 2000 go...

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Blockchain Regulations are on the Way to Malta

Many countries that support **international business** had started to implement **blockchain regulations** during the last months. **Malta** is next in the line according to the plans announced at the **Dubai Blockchain Conference**. Which industries will the new regulations cover? Not only blockchain but also **AI** (artificial intelligence) and **IoT** (internet of things). Technologies are...

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Novelties for the Blockchain Business and ICOs in Gibraltar

The New Year has already brought the new regulations and rules in the international business world. We decided to start from the new rules in **Gibraltar**. The main financial regulator of this country, Gibraltar Financial Services Commission, announced new obligation for the companies using distributed ledger technology for storing or transferring values that belong to others. Currently, **...

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The New Labuan Tax Regime: Towards the Advancement

**Labuan**, the official federal territory of Malaysia, is considered as a reasonably good place for the international business. However, it still needs to improve action standards with the BEPS Action 5. It is the latest standard of the OECD that should be followed by members of the BEPS Inclusive Framework. Adapting tax legislation to the **new rules** is supposed to start at the earlier co...

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Move business wisely. What to consider when choosing offshore jurisdiction?

... company earns – it is not reasonable. Legal part also plays a big role in company formation. Comfortable offshore climate often depends on local regulations. Most considered branches are: asset protection legislation, confidentiality conditions, international business functioning rules, investment laws and taxes. Due to this, many worldwide-known offshore jurisdictions became popular: Cyprus, ...

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How to set up a business on Bahamas?

...osing jurisdiction you might have come to decision about the Bahamas. This country, officially known as the Commonwealth of the Bahamas, and has all the advantages of an offshore jurisdiction.* For example, tax climate for IBCs is close to perfect. international business is exempt of local taxes, including sales, dividends, corporation and capital gains tax. Also, international currency exchange ...

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Starting offshore business in Vanuatu

...l of $2,000 to obtain the license but this amount is less than in many wide-known offshore jurisdictions. Benefits of choosing Vanuatu as your offshore jurisdiction are mostly about simplicity and favorable climate for business. For example, all international businesses in Vanuatu are regulated by only two legislation acts, both from 1900th. Main advantages of these laws are confidentiality an...

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Why is Limited Liability Partnership a popular business structure?

...ons. At the same time their liability is limited to their personal investments in business and they are not responsible for company’s debts with their own funds. This feature is alike with limited company structure which is an excellent choice for international business. Considering tax matters, limited liability partnership is efficient for non-residing companies as well. Advantages of formi...

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Starting your own business in Saint Vincent and the Grenadines

...al and currency stability there are a couple more arguments. Package of financial laws that regulate St. Vincent company formation were enacted in 1990s and business in this country operates according to them. This law package is aimed at support of international business like in other popular offshore jurisdictions. Strong growth of international St. Vincent company numbers was observed in early ...

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Pros and cons of Labuan company formation

...till there are some interesting factors you, as entrepreneur, should know about. Labuan International Company is the most popular business structure when you decide to create an offshore company in Malaysia. This jurisdiction grants low taxes for international business. For example, company’s paid-up capital is limited to 1$ and you can also enjoy advantages of paying only 3% or fixed amount ...

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Международная бизнес компания на Сейшельских островах

... налоговые льготы и общая структура Сейшельских компаний регулируется Законом о международных коммерческих компаниях 1994 года (the Seychelles international business Companies Act 1994). Сейшельские острова не заключали и не подписывали согла...

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