Tags: Иностранные юрисдикции

Mexico: company administration

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When choosing a jurisdiction to enter the Latin American market, businessmen often focus on Mexico. This is not only because of  the large domestic market of Mexico (population 140 million), but for many other factors, such as relatively developed infrastructure, geographical location, etc. When choosing the legal form for a company in Mexico, most people choose the Sociedad de Responsabilidad Limitada de Capital Variable — which is very close in essence to companies in the form of LLC and is considered for tax purposes as non-transparent corporation.

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Portugal: Golden visa and NHR regime

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Portugal Golden visa program is the most successful program in Europe for obtaining the right of long-term residence for investment as it imposes low requirements for the duration of stay in Portugal (on average, only 7 days per year). If you plan to live in Portugal, it will also be helpful to know that, as a tax resident of Portugal, you will be eligible for a special tax regime — the non-habitual resident regime (NHR) – which will grant you tax relief for most types of non-Portuguese income for a 10-year period.

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UBO registers in different jurisdictions

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As part of anti-money laundering, terrorism financing, tax evasion and for the implementation of the international exchange of tax information, governments of different countries are taking legislative measures to increase the transparency of corporate structures. One example of successful implementation of such measures is the creation of registers of ultimate beneficiaries of legal entities in various jurisdictions. Now, in addition to information about the company itself in various registers, which we discussed in the previous article, interested parties will be able to get information about the ultimate owner of such a company.

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EORI Number: United Kingdom, Finland, Netherlands, Estonia, Malta

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In all EU countries, the procedure for obtaining an EORI number for companies is more or less similar, as it is subject to Regulation of the European Parliament and of the Council (EU) No. 952/2013 of 09.10.2013 and the European Commission’s guidance on the EORI system. Earlier in the article about EORI, we have already described the procedure for registering this number in Cyprus, and today we will do the same for some of the most popular jurisdictions.

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Special Economic Zones: UAE, Singapore, Malaysia, Georgia

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Special economic zones (SEZ) are limited territories where the legislation on trade, taxes and business differs from the legislation on the rest territory of a country. SEZ are very popular all over the world and are created for different purposes and for different projects. For example, the Russian SEZ in Kaliningrad on Oktyabrsky Island and in Vladivostok on Russky Island were created for the purpose of returning large capital to Russia as part of the deoffshorization policy, and the Belarusian High-Tech Park was created to attract and retain IT businesses, including those related to blockchain and cryptocurrency.

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How to get Tax Residence Certificate

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Previously we have already discussed the importance of tax residency status for both individuals and legal entities in our articles on tax residency in Cyprus for 60 days (see article), on special tax regimes in Europe (see article) and in many others. This is not surprising, because the matter of determining the tax residency for a company and individuals is fundamental in tax planning. Today we will talk about the document confirming the fact of tax residence for individuals or legal entities in a particular country, namely, Tax Residence Certificate.

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