Offshore News, Tax, Corporate Law - Finance Business Service

Offshore fund

Published: 19.05.2015 |

Tags:

#Funds #Investments

Entrepreneurs with successful experience of investing abroad their own funds are very often interested in investment operations with assets of the third parties. Pooling investors usually allows investing money at much more favorable terms. This is the main reason for the existence of investment funds. Investment fund is a subject of law, which is different from all other entities, known in the common law that it is not legal personification of a person or group (as in the case of a corporation); it is rather a subject that has no owners (shareholders, members or partners) and traditionally has a specific target orientation – profit group of individuals. Activities of the Fund are subject to regulation by the State where the fund is registered. That is why it is advantageous to register such fund in the offshore zones. In these countries, the regulation comes down to ensure that the fund must obtain permission from the authorities on their activities and submit timely reports on the statutory form. The investment activity of the fund itself is practically not regulated, which makes it possible to invest in a wide variety of instruments. Investment funds are divided into two...

Offshore trust – structure, provisions

Published: 18.05.2015 |

Tags:

#Tax exemptions #Trusts

A founder (who can be also a beneficiary), under a special agreement passes the valuables to the control of a trustee, who shall perform operations with them, bringing the maximum profit to the beneficiaries or other, relevant to instructions of the founder. Trustee services are paid by the beneficiaries or trust founder, usually as a percentage of the profits. The object of trust can be any property, both movable and immovable. The property expressly prohibited by the legislation of trust’s country of foundation is excluded from this relationship. The founder may transfer his property during his lifetime (lifetime trust), and provide such transfer after his death (testamentary trust). The trustee is responsible for the conditions of the trust agreement and, as a rule, gets wide powers to manage the estate of the founder, but can also get specific instructions on the distribution of trust income and capital between the beneficiaries upon the occurrence of certain conditions, clearly specified by the founder. Such conditions are usually included in the so-called founder’s letter of wishes, addressed to the trustee. The founder also has the right to make provisions for the...

Offshore jurisdictions confirmed by CMU – list

Published: 23.06.2014 |

To understand what represents the concept of the offshore jurisdiction, we offer at first deal with what exactly is an offshore. Offshore - is a company which is registered in the country, which has a preferential tax treatment or it is replaced by a fixed duty, which is a particular type of ownership and limited to the conduct of business in the territory of the country of registration. Offshore enables the company to continue to carry out foreign trade activities, paying only a fixed annual fee at the place of registration. Offshore jurisdiction (from eng. «off shore» - offshore, outside) - is a territory of a certain state or a part thereof, within which foreign companies are operating a special preferential regime of business registration and taxation. Such a company usually conducts its business activities outside that country. In some countries, as such terms are used to refer to tax havens as a "tax shelter" or "tax haven" (from eng. «tax haven».), as well as "tax paradise". The essence of the offshore jurisdictions and their classification The offshore areas are in themselves a subsystem service zones in special economic zones. Typical offshore jurisdictions...

Dividends paid to non-residents of Ukraine

Published: 09.10.2013 |

Tags:

#Dividends #Taxation

In this article, we propose to consider the main issues related to the payment of dividends to non-residents of Ukraine, that is, the individuals / juridical persons who are representatives of other states. First of all, it should be noted that Ukrainian law provides the right of foreign investors to ensure they receive all the profits obtained in our country legally. This immediately indicates that the resident of Ukraine, being the actual issuer of corporate rights, who carries out the payment of dividends to non-residents, is subject to the general legislation on taxation. That means that regardless of the fact to whom the payment of dividends is made, the issuer is obliged to pay an advance fee of 25% without reducing the amount of dividends. International agreements related to the elimination or reduction of double taxation of income does not apply to this payment. Now let's discuss in more details the payment of dividends to legal entities which are non-residents of Ukraine. First of all, we emphasize that when paying dividends to non-resident, who is in fact a legal entity, but has no such status, the issuer of corporate rights is obliged to withdraw 15% withholding...

Optimization of tax payments: schemes, methods, rules

Published: 06.09.2011 | Без категории

Tags:

#Offshore schemes #Taxation

The history of taxation has a long old root, as an existing of any country. As long, the country will exist, as long the citizen will pay taxes. The owners of small and big business see a direct threat in taxes for them capital. The state has it's own interest in this question as a sole proprietorships. As we see, it's not so easy to create a fair system of taxation. In such way in tax culture, more often is used term "tax planning". The main aim of tax planning is to get financial result when taxation payments will be minimized. The development of tax planning in a right way take great part, because it give an opportunity to use niceties of tax legislation in a whole size. Because of this lost during tax payment minimized. The main directions of external tax planning: replacement of the subject of taxes, that is, changing the company form to one that will be more suitable for the implementation of this regime; new activities (meaning a form of activity, which will be subject to a more simplified) replacement tax jurisdiction (registration of the company in the region, where preferential tax treatment) The internal planning is carried out by optimizing accounting. The...

Реєстрація інтернет казино

Published: 14.04.2011 | Без категории

Tags:

#Licensing Бізнес

Компанія Finance Business Service надає консультативні послуги з організації компаній для електронної комерції під ключ, зокрема - щодо реєстрації інтернет казино. У сучасному суспільстві все більше стрімкі темпи зростання популярності набирають різноманітні види електронної комерції. Сьогодні складно уявити наше повсякденне життя без користування послугами інтернет-магазинів, онлайн-банкінгу, телекомунікації, електронних біржових майданчиків та інших форм застосування можливостей всесвітньої павутини з метою оптимізації бізнесу. Одним з найбільш поширених видів такої комерції стали всілякі інтернет-казино, лотереї і тоталізатори. При цьому для...

Відкриття Merchant-рахунків

Published: 12.01.2011 | news

Tags:

#Banks #Offshore accounts

На сьогоднішній день інтернет тісно увійшов у наше життя, і все більша кількість компаній і підприємців бажають заявити про свій бізнес в інтернеті, організувати можливість прямого продажу товарів і послуг за коштами глобальної мережі. Для реалізації даної потреби потрібно здійснити ряд дій, які зможуть зробити доступним можливість повною мірою проявляти себе в просторі електронної комерції. Для організації електронної комерції у Вас рано чи пізно виникне необхідність приймати платежі від клієнтів, відправлені за допомогою своїх кредитних або дебетових карток. Так званий «мерчант акаунт» дозволяє приймати платежі клієнтів сплачені...

How to protect your assets using offshore schemes

Published: 15.11.2010 |

Tags:

#Asset Management #Offshore schemes

No one doubts the fact that assets need protection. But it is important to remember the key aspects of the process. In particular, to realize that it is impossible to completely avoid the risks. They will be, in any case, however, a successful offshore scheme involves their minimization. Often this can be achieved by choosing the "lesser evil", i.e. replacing one risk for another. Be aware of the danger The first thing that needs to be done in order to build an effective offshore scheme should be an inventory of possible risks in a particular case. What can threaten your assets? The next step - competently organize the defense in order to avoid potential hazards. Inadequate control. Do not forget that excessive desire for privacy can lead to loss of control over the assets. Of course, privacy is important, but it must be accompanied by supervision of the owner, it is important to consider when building an offshore scheme. Many have heard about the situation about saving accounts in Swiss banks that have remained in the possession of a banking institution only because the successors of assets have been unable to manage capital. If an access to the data regarding the assets...

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