Business scaling by registering a foreign company requires understanding the legal intricacies of the chosen country. It should be remembered that each jurisdiction offers different advantages to foreigners, but they can only be in one area. That is why you should carefully study all the peculiarities before registering a foreign company. If you need legal assistance, it is better to contact experts.
Conditions for registering a foreign company in different countries
Maira Consult lawyers recommend that before making the final choice of jurisdiction, you pay attention to the following issues:
- taxation of companies;
- existence of an agreement with the country of residence in order not to pay double taxes;
- possibility to open an account in a local bank;
- support at the state level of the chosen business area.
Next, we will list the features of opening companies in some jurisdictions from Maira Consult.
Registration of a foreign company in the UK
If you want to register a foreign company in the UK, then with the help of our company you can choose one of two popular legal forms: LLP and LTD. Maira Consult has collected some of their features:
- LLCs are limited liability partnerships, while LTDs are private limited liability companies.
- LLCs have no corporate tax, while LTDs must pay 19% corporate tax, and if the profit is more than 50 thousand pounds, then its amount increases to 25%. There is also VAT - 20%."
- All information about both forms of company is publicly available, so everyone can familiarize themselves with it.
- LLC companies must submit financial and tax reports every year. For large businesses, an audit is still required. For LLPs, it is also mandatory to maintain and submit annual financial/tax reports.
Registration of a foreign company in Cyprus
The main feature of this country is a low income tax (12.5%). That is why many entrepreneurs choose this location. Maira Consult experts have listed the nuances that you need to know before registering a foreign company:
- it is mandatory to have a secretary (individual/legal entity) with Cyprus residency;
- the director must also be a resident of Cyprus (individual/legal entity);
- the authorized capital of the company is EUR 1000, but there is no requirement to pay it;
- every year the company must submit financial statements;
- the state register with data on the director, secretary, authorized capital is open, and the register of beneficiaries is closed.
Registration of a foreign company in the UAE
In Maira Consult's practice, this is one of the most popular locations for registering a foreign company. Its main features are as follows:
- dividing the emirates into special zones with their own rules for types of companies, audit requirements and authorized capital;
- each free economic zone develops business only in some areas;
- corporate tax in free economic zones is 0%;
- all data on beneficiaries is stored by registration agents;
- in a number of zones, it is possible to register a company in a remote format.
Registration of a foreign company in Seychelles
Jurisdiction in which it is possible to register a foreign company for a non-resident very quickly. Maira Consult experts have collected its main features for foreign entrepreneurs:
- In Seychelles, you can quickly register a company under a simplified procedure;
- the authorized capital for opening a regular company is not established, to open an offshore company you need to have 50 thousand dollars (there are no payment requirements);
- the director can have any residence, as well as be an individual or legal entity (it is allowed to have a nominee director);
- you need to have at least one shareholder (there are no requirements for residence, individual or legal entity);
- it is necessary to have accounting documentation (submitted every 6 months) and to have a financial report (submitted annually);
- Offshore companies do not pay tax on profits, dividends, capital gains.
Registration of a foreign company in Poland
A feature of registering a foreign company in Poland is the ability to open a bank account in a local financial institution. This makes the country one of the best places to start a business. What other features does the jurisdiction offer:
- obtaining a crypto license;
- any individual can be a director of the company without residency requirements;
- it is desirable that the director and shareholder are different persons (this avoids additional social security deductions);
- the state register is open, so anyone can see information about the company, the amount of the authorized capital, the director and shareholders.
How can Maira Consult help?
By contacting Maira Consult, you can expect to receive the following services:
- Registration of a foreign company in any jurisdiction on favorable terms for your business.
- Opening an account in a foreign bank or payment system.
- Quick and correct liquidation of foreign companies.
- Obtaining licenses for the company's work in the chosen direction.
- Conducting an audit if necessary.
- Maintaining financial statements and timely submission of documents to the tax authorities.
- Consultation and registration of a unique trademark.
- Requesting a VAT number.
- Accounting.
- Obtaining a tax residency certificate.
If you have any questions about registering a foreign company in the chosen jurisdiction, we are ready to advise you on all issues. To do this, sign up for a consultation by calling the phone number listed on our website in the contacts section.
