Other jurisdictions
<p><span style="font-weight: bold;">Hong Kong</span><br></p>

Hong Kong

Company in Hong Kong is particularly popular form for international business - Hong Kong is the leading financial center in theAsian region. Hong Kong has a developed network of financial institutions and markets, offering a wide range of services toboth local and foreign clients. A Hong Kong company is not an offshore company, although it has all the advantages, whichinclude: no need to pay any taxes if you do not operate in Hong Kong, no currency control, an electronic company registrationsystem, etc. , there are conditions that make the Hong Kong company more presentable and reliable, namely, it is necessary tokeep accounts and undergo an annual audit.


- fast Registration: A simple offshore company can be registered in one business day;

- low Share Capital: Only $1 HK share capital is required for formation;

- English: As a former British Territory for 150 years, English is its second official language.

<p><span style="font-weight: bold;">Singapour</span></p>

Singapour

Today, many successful businesses and start-ups decide to do business in Singapore.Today, this country - one of the most highlydeveloped countries in the world, is a major financial, commercial and transport center. Singapore ranks third in the world in oilrefining, fourth in semiconductor manufacturing. Port of Singapore is the world leader in cargo turnover. Singapore is anindustrially developed state, in terms of welfare it takes the 4th place in the world with almost zero unemployment andinflation of 1%. The financial sector of the Singapore economy is flawless and reliable.


- Company Incorporation It only takes one to two days for a company to be fully incorporated - As Singapore implements a single-tier tax policy, dividends are tax-free. Company's income will only be taxed at thecorporate level at about 8.5% for income up to SGD 300,000 and a flat rate of 17% for income above SGD 300,000

<p><span style="font-weight: bold;">Canada</span></p>

Canada

Canada is one of the most developed countries in the world, and is a member of such international organizations as G7, WTO,IMF, OECD, FATF, NAFTA, British Commonwealth and others. Canadian firms are often used in the IT business, as well as forinternational trade with the countries of the European Union. This is due to the fact that in transactions between Canadiancompanies and a company from the EU, VAT does not arise, nor does the requirement for its receipt arise.


- firms in Canada are completely exempt from the need to submit any financial or tax reporting, or to be audited,provided that they do not operate in Canada; 

- Canadian companies have the right to use a nominal service to protect the data of their true owners and maintainconfidentiality; 

- Canada has high prestige among other countries, which allows not only to work successfully in the internationalmarket, but also to open accounts in many international banks.

<p><span style="font-weight: bold;">South Africa</span></p>

South Africa

The main advantage of South Africa, as well as companies from this country is the rapidand stable development of jurisdiction. South Africa has signed more than 80 agreementson the avoidance of double taxation. For foreign companies, taxation conditions similar tooffshore jurisdictions are offered.

Private Companies (private companies) are the most popular form of companies in SouthAfrica. These are public limited companies - PTY (Proprietary Limited). The company namemust contain the phrase “Proprietary Limited” or “PTY Limited”.


- PTY companies are most used in the export / import of goods and services. Thistype of company is ideal for transactions with EU countries, as there are no issueswith the application of VAT in working with companies from the Eurozone.

<p><span style="font-weight: bold;">Belarus</span><br></p>

Belarus

Belarus does not have major incentives to transfer in foreign earned profits from outside the country. Taxes are reasonable in Belarus because general corporate tax is 18%. This ranks Belarus as 58th overall with regards to corporate tax rate worldwide. 


The VAT rate in BY is 20.00%, that ranks Belarus as 58th when compared to value added tax rate worldwide. 


- The interest witholding rate is estimated at 10%;

- The dividends witholding rate is 12%;

- The royalties witholding rate 15%.

<p><span style="font-weight: bold;">Turkey</span><br></p>

Turkey

Due to the fact that Turkey is located on the border of Europe and Asia, this jurisdiction has close economic ties with states from both parts of the world, which makes it attractive for international business. 


- tax exemption on dividends received from a local subsidiary; 

- exemption from dividend tax from a non-resident subsidiary provided that: 10% ownership for at least 1year, tax on non-resident at least 15%; 

- exemption from capital gains tax by 75%, subject to ownership of at least 2 years and even a number of conditions; 

- availability of a special regime for international holding companies in which there is no capital gains tax.

<p><span style="font-weight: bold;">Montenegro</span><br></p>

Montenegro

Montenegro offers one of the most dynamic economies in the Balkans. After the strife of the 1990s and independence from Serbia in 2006, the Montenegrin government has been singularly focused on creating prosperity.That means attracting entrepreneurs by making setting up a company in Montenegro as easy as possible. 


- low corporate income tax rate - 9%; 

- low tax rate on capital gains, dividends, interest and royalties - 9%, and for interest payments to non-residents at the source - 5%; 

- simplicity of communication.

<p><span style="font-weight: bold;">Serbia</span><br></p>

Serbia

 Before starting a business, the investors must be aware of the types of companies they can open in Serbia. Just like in any other European country, the investors who want to start a company in Serbia may choose any suitable form of business they want. There are the limited liability companies - private (d.o.o.) or public(a.d.) - and partnerships - general (o.d.) or limited (k.d.). 


- loyalty of the banking system to business structures owned by residents of CIS member states;

- no tax on dividend payments between local companies; 

- 54 international tax agreements have been concluded.

Contact us

Intranovum limited
Company number 11344337