Go Global with Clevver: 17 Countries for Incorporation are Available Now!

Psoted on: March 1, 2021 at 7:44 am, in

Overview:

  • Clevver offers support for company formation services in many countries. We cover Europe, Asia, Oceania, and all 50 states in the USA.  
  • Incorporation service with Clevver’s assistance can be made always 100% remotely.    
  • Any incorporation is to a high extent digital and all documents are made available in digital format.    
  • We guarantee fast and responsive customer support and an individual approach to each of our clients.

Clevver has built an international business platform in the past years. Our assistance includes an impressive list of virtual office services and of course company incorporation help. It is our aim to constantly improve our service quality and to expand the list of countries available for incorporation. Today, Clevver supports 17 reputable jurisdictions worldwide! See the full list below:

Australia / Belize / BVI / Cyprus / Dubai / Estonia / Georgia / Germany / Hong Kong / Ireland / Netherlands / New Zealand / Panama / Singapore / Sweden / United Kingdom / United States (any of 50 states)

And we will add the following countries in the near future:

Canada / China WFOE / France / Gibraltar / Italy / Israel / Latvia / Lithuania / Malta / Mauritius / Norway / Seychelles / Spain / Scotland / Liechtenstein / Switzerland / Turkey

For more information, contact us and ask our team for a tailored solution.

Why Cooperate with Us:

Compliance Center

  • To stay compliant with your company, Clevver offers a unique compliance center. Our experts keep track of any regulation and will keep you and your company up-to-date at any time.
  • Our specialists have detailed and up-to-date information on all details of registration in different countries of the world. 
  • The location of the client does not matter: the exchange of documentation, as well as communication with all necessary experts, is maintained online. You can contact our company via e-mail or online chat. 
  • Clevver is particularly sensitive to the confidentiality of its clients, ensuring that no personal data is leaked.

Remote Company Formation

  • The incorporation service with Clevver’s help is completely on a remote basis. The entire business entity incorporation document package is available digitally. To form a company, you will not have to leave your place of residence.

Digitalization, as it should be in 2021

  • We are bringing old paper-based legal bureaucracy to the next level. All documents are submitted, processed, and received by the clients purely in digital form.

Clevver — Top Service at Competitive Rates

We are proud to be one of the most digital companies providing assistance with global company formation and virtual office services today. We will continually work to always have fully satisfied customers and the best service quality provided.

When you are going global – be Clevver!

DISCLOSURE NOTICE: Any legal or tax advice in this communication (including any attachments) is for information purposes only and is not intended to be used, and cannot be used against Clevver or its Sender. The sender is neither an Accountant nor a Lawyer and cannot be made liable. Please, contact your tax accountant for individual consultation. Clevver does not provide any legal advice itself. Clevver works together with a network of lawyers and tax advisors that provide all necessary individual legal advice.


Double Irish with a Dutch Sandwich — Legal Cuisine

Psoted on: December 17, 2020 at 11:36 am, in

It’s about time that we educate you about the most appetizing tax scheme known by the name Double Irish with a Dutch Sandwich. What does it do? It is associated with minimizing the tax burden when using intellectual property. This system is widely used by American corporations and is slightly less common among European companies, but it is still present there.

Why Do Companies Use “Double Irish with a Dutch Sandwich” Scheme?

So, to begin with, we should turn attention to the prerequisites for using this method of minimizing taxes. If we consider the United States, then income received from intellectual property (royalties) is subject to a very significant tax – 35%. At high turnovers, this interest rate is incredibly burdensome for companies. As a consequence, many firms use tax optimization. This should not be confused with tax evasion. Optimization is the reduction of the tax burden by applying legally acceptable mechanisms.

Famous companies such as Apple, Google, Facebook, Coca-Cola, and others appear among the notorious cases of the “double Irish with a Dutch sandwich” scheme. For example, Google allegedly underpaid about 1 billion Euros in taxes to the French budget for 2016, due to tax optimization.

“Double Irish with a Dutch Sandwich” Peculiarities

Now, let’s move on to the “tastiest” part, and consider the structure of such tax planning and how the above media giants managed to significantly save on tax payments.

This scheme is a kind of chain, through which intellectual property rights are transferred from one company to another. This chain uses two Irish companies and one company registered in the Kingdom of the Netherlands (hence the name “double Irish with a Dutch sandwich”).

Under Irish law, a company is considered a resident of the country from which it is directly managed. Thus, a company incorporated under Irish law with an office and a current director in another country will be considered a resident of the latter. The first Irish company (hereinafter we will call it I1) is geographically located in an offshore zone – in Bermuda or the Cayman Islands, in which dividends and royalties are not subject to income tax. The second Irish company (hereinafter I2) is already registered and located in Ireland, but at the same time, it is a 100% subsidiary of I1. The third company is registered in the Kingdom of the Netherlands (hereinafter – N).

The very scheme of interaction between companies is as follows: A company that owns the intellectual property (located in a high tax area, for example, the United States) transfers intellectual property rights to I1 through a licensing agreement, then I1 sublicense these rights to the company N. The Dutch company, in turn, also transfers sublicense agreement with the same rights to I2. It directly collects profits from the use of intellectual property rights and conducts real business (excluding US consumers). This is because Ireland does not tax funds that are transferred by its residents to some countries of the European Union, incl. Kingdom of the Netherlands. In this case, I2 must pay tax only on the part of the income received from royalties, which it retains with itself (at a rate of 12.5%). From the Netherlands, funds are transferred to I1 (also bypassing taxation), which is a tax resident of the offshore zone, in which it is exempted from paying taxes for royalties. As a result, money is concentrated in the offshore jurisdiction. The popularity of the described scheme is confirmed by media reports, according to which foreign companies carried about 13 trillion euros through the Kingdom of the Netherlands in 2012.

Final Thoughts

It is worth remembering the worldwide trend towards de-offshorization and the introduction of BEPS rules, which are aimed at eradicating such phenomena. This means that in the near future such ways of tax optimization will be closed and global corporations, together with their lawyers, will have to look for new options for tax planning or pay taxes in the form in which they are provided by law. Already in 2017, US authorities directed corporations to end the system. Ireland is pressured to close this loophole.

Our Offer to you

Clevver can assist with the establishment of a Dutch Sandwich for you on demand. Also, Clevver can support the company formation in other alternative European jurisdictions like Switzerland or Malta.

Get in touch with us at [email protected] for more information.

DISCLOSURE NOTICE: Any legal or tax advice in this communication (including any attachments) is for information purposes only and is not intended to be used, and cannot be used against Clevver or its Sender. The sender is neither an Accountant nor a Lawyer and cannot be made liable. Please, contact your tax accountant for individual consultation. Clevver does not provide any legal advice itself. Clevver works together with a network of lawyers and tax advisors that provide all necessary individual legal advice.