Appropriate jurisdictions for your business
Deoffshorization is spreading rapidly around the world. Many countries are currently fighting against money laundering and introduce restrictions on operations from offshore jurisdictions in order to provide economic security and stability and transparency of the public financial sector. The attention of the banks is now focused on the activities of the company and availability of the real substance in country of registration.
Therefore we offer to you an alternative option – company registration in onshore or mid-shore jurisdictions.
Onshore jurisdictions have a developed and strong financial sector. Onshore jurisdictions offer privileges in terms of double taxation agreements.
We recommend you to pay attention to registration of the company in such onshore jurisdictions in Europe: Hungary, Bulgaria, Romania, the Czech Republic, Estonia, Poland. These jurisdictions have tax benefits, low business costs, and government incentives to attract foreign investors.
Mid-shore jurisdictions are low-tax and they are included in the white list of the OECD, which definitely and significantly increases the prestige of those jurisdictions. Registration a mid-shore business allows companies to enjoy the privileges of favorable tax rates while also requiring them to abide by any international laws and standards in regard to taxes. Some of the most appropriate mid-shore jurisdictions are the United Kingdom, the USA, Hong Kong, Ireland, Labuan.
Mid-shore jurisdictions offer non-resident companies the chance to take advantage of favorable tax rates while allowing the companies to open bank accounts anywhere they please and offering more consistent and reliable banking and financial sectors than offshore jurisdictions.
Incorporation of a company in onshore and mid-shore jurisdictions provides opportunity for successful business structuring. It is important to also take into consideration other local regulations when choosing a jurisdiction, including specific substance requirements, necessity of VAT registration, etc.
Mayon Solutions provides a wide range of services on supervision of your business establishment and maintenance. We have a considerable expertise in creating of a strong foundation for a successful and long-term business solution considering the particulars of client’s business model, based on a clear legal structure combined with strong financial planning.
We can arrange the whole process from A to Z, including, inter alia, incorporations, opening of bank accounts, tax planning, accounting and reporting, obtaining licenses for your business, if required.
We are developing new and the most up-to date solutions that our clients can use to maximize their business performance.
Shall you have any questions, please do not hesitate to contact us by e-mail: info@mayon.solutions.