Clevver Supports Remote Company Registration in Malta

Psoted on: May 19, 2021 at 1:14 pm, in

Go Global with Us!

Overview: 

  • Malta has a favorable geographical location. 
  • The state is a full member of the EU.
  • There is a stable political and economic system in the country. 
  • In Malta, there is a progressive legislative base. 
  • The country signed an extensive number (over 70) of double taxation treaties around the world. 
  • Malta is renowned as one of the friendliest ICO jurisdictions in the EU, thanks to its legislative framework governing cryptocurrencies, ICOs, and related activities. 
  • The Republic of Malta is a developed financial center.
  • Specialists of Clevver support easy quick registration of the Maltese company remotely. The personal presence of the client in Malta is not required. 

Malta is an island country in the heart of the Mediterranean Sea. It has a developed tourism industry and is a popular banking center and international business registration place. On May 1, 2004, the Republic officially became a member of the European Union. Entrepreneurs from all over the world are attracted by the favorable Maltese taxation and lenient requirements for doing business. 

Setting up a firm in Malta can bring considerable benefits and provides a means for the judicious distribution of business profits. Also, among other advantages of Maltese incorporation, there are regulations allowing to avoid double taxation. 

The Clevver company offers a helping hand to make the online incorporation process in this jurisdiction as simple, fast, and easy as possible for our clients. Visit our site to learn more

Taxation in Malta 

According to the law, a company registered in Malta, or its governing body (head office), is located in the country and the company itself carries out activities abroad — it is considered as a resident of the Republic of Malta and must pay taxes. 

Here are the basic taxes Maltese companies are obliged to pay: 

  • Corporate income tax, which maximum rate is 35%

Though there is a possibility to lessen this tax burden. Non-resident shareholders who receive dividends may claim a tax refund on dividends. The tax refund occurs within 45 days from the date of payment of dividends from taxable sources. 

  1. 6/7 tax on income from trading activities. In this case, no more than 5% of the original tax is payable; 
  2. 5/7 tax on income from royalties and deposits. Thus, no more than 10% of the original tax is payable; 
  3. 2/3 corporate income tax if double taxation relief is used. 
  4. 100% tax refund on income from participation in the holding company. 
  • Value Added Tax 

The current regular rate of VAT is 18% (reduced rate of 7%, 5%, 0% applies in strictly defined cases). Value Added Tax is levied on goods and services sold within the country and imported from countries outside of the European Union. 

  • Capital gains tax 

The tax is levied on capital growth by increasing the indicator of non-current assets, added to other income of the company. The tax rate is 35%. 

Why Incorporate in Malta? 

Incorporating in Malta with Clevver’s help — it is always close attention to the aspects of the matter, a highly qualified team of professionals, and the digital process of Clevver assistance in company formation.

A business entity registration in Malta does not require the client’s personal presence, Clevver’s experts will do everything remotely and provide the necessary documentation in digital form. 

APPLY TO US TO RECEIVE:  

  • The assistance of the experts of the highest qualification;   
  • The remote support from Clevver; 
  • A complete set of documents on the company formation that can be assessed digitally;
  • Possibility to receive many extra to business incorporation services in Malta (a registered address, mail-handling service, a local phone number, and many more); 
  • Regular customer support and individual approach to each client. 

With the adoption of a legislative framework regulating cryptocurrencies, ICOs, and related activities, Malta has become a premium hub for Financial Technology and has even been named Blockchain Island. For those who are interested in ICOs in Malta, we are ready to provide appropriate assistance. Contact us to learn more. 

Final Thoughts 

Malta is a promising country in the Mediterranean Sea, located between Europe and Africa. The Republic of Malta can safely be called a promising jurisdiction for entrepreneurship. This is due to the political stability of the Mediterranean island-state, its well-developed and structured finance and tax systems, and a high level of economic growth. Maltese company owners can benefit greatly from the country’s stable economy and favorable business environment. 

Our team provides support for the remote registration of a company in Malta. You can start the formation of your Maltese business entity right now! 

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.


Remote Incorporation in the United Kingdom

Psoted on: April 27, 2021 at 9:42 am, in

Overview:

  • Highly competitive British markets for goods and services create unique opportunities for the development of your business.
  • There are significant tax benefits throughout the country, which allows you to reduce the operating costs of the business.  
  • The level of tax on company income received in the UK is one of the lowest among European states. 
  • UK laws are simple and transparent and there is almost no corruption in the country. 
  • Minimal government intervention and ease of doing business. In some cases, you can get government support for your business in the UK. 
  • The procedure of opening a company in the United Kingdom with Clevver’s support is quick, fully remote, and logically consistent. All documentation on incorporation is available in digital format.

Great Britain is one of the recognized business and cultural centers of the modern world. Therefore, it is prestigious to open a business in England. Such a company, as a rule, requires the respect of partners and is trusted by investors. 

The United Kingdom consists of four jurisdictions: England, Wales, Scotland, and Northern Ireland. Each company that is located in one of these countries has its own advantages. 

In the UK, the most commonly used organizational and legal forms of companies are as follows: 

  • Private Limited Company based on shares — LTD. 
  • Limited Liability Partnership — LLP. 

It is possible to form any of these business entity types with Clevver help. Сlevver specialists will assist with the incorporation of your company in the UK. We are ready to provide additional services for the successful functioning and development of your business in Western Europe on request. Learn more here

Taxation in the United Kingdom 

Taxation of companies in the UK is based on the principle of territoriality: resident organizations are taxed on all profits and registered non-resident firms in the UK — only on income earned in Britain. The main taxes businesses pay in Great Britain are: 

  • Corporate income tax is 19%. 
  • The amount of tax on dividends can be basic (7.5%), high (32.5%), and additional (38.1%)
  • VAT — 20% (for certain goods/services a reduced rate of 5% or zero rates applies). 

If a company does business in the UK or with organizations from the EU member states, it may be required to register as a VAT payer. Obtaining a VAT number is compulsory if the company’s annual turnover is more than £85,000. In other cases, registration as a VAT payer may be voluntary, with the provision of contact details of business partners, contracts, and invoices as evidence of the intention to achieve the required level of annual turnover in the near future.  

When opening a company in the UK and acquiring a VAT number, a quarterly report on your business must be filed. If a zero report is filed for several reporting periods, the company may be removed from the VAT register and you will have to re-register. Clevver’s specialists can help with the VAT registration of your business in the UK at your request. 

Britain has signed agreements with more than 130 countries to avoid double taxation for businesses. 

Registration of a British Business Entity 

The advanced economy, ever-growing market, and one of the world’s most developed banking systems attract many investors wishing to open a company in the UK to do business and use the mechanisms of avoidance of double taxation. 

Clevver specialists will readily help with your British company formation once you’ve applied to us and all is clear on both sides. 

WHAT WE OFFER: 

  • The assistance of the highly qualified experts;   
  • The online process of cooperation with Clevver;   
  • A complete package of documentation on the company registration in a digital format;   
  • Opportunity to obtain numerous extra to business incorporation services in Great Britain (registered address, mail-handling service, and a local phone number); 
  • Constant customer support and individual approach to each client;
  • Pricing for the company incorporation service starts from €129. 

Final Thoughts 

Registering a company in the United Kingdom will allow you to develop your business in one of the richest countries in the world. Despite the ending up the membership in the European Union, one of the important advantages of setting up a business in this jurisdiction is the preservation and maintenance by the UK of broad global ties in all sectors of economic and banking activities with the countries – former colonies of the British Empire, the Commonwealth States, and the Dominions, formally maintaining dependence on Great Britain.

Due to Brexit, the British economy does not depend anymore on EU decisions, which opens up new opportunities for your business. To start a business in the UK just contact us, we will take care of all the organizational aspects of incorporation in this country, you will not have to worry about anything. You can apply right now.

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.


Set up a Business in Cyprus

Psoted on: April 16, 2021 at 9:21 am, in

-REMOTELY WITH CLEVVER’S SUPPORT-

Overview:

  • Cyprus is a full member of the European Union which provides for the possibility of cooperation with any European business partners on beneficial conditions; 
  • The country has one of the lowest corporate tax rates in Europe — only 12.5% on net profit;
  • The jurisdiction of Cyprus has signed a large number of double taxation treaties, more than 50 with other countries; 
  • Cyprus is one of the most profitable EU jurisdictions for ICOs, thanks to its legal framework and flexible tax laws; 
  • There are no exchange controls in Cyprus; 
  • Clevver offers support for the remote company registration in Cyprus. All documentation on incorporation is available in digital format.

The Republic of Cyprus, an island member state of the European Union, is located at the eastern end of the Mediterranean Sea. It has an open market economy with positive growth dynamics dominated by the services sector, mainly including financial services, tourism, and real estate. 

Cyprus is one of the most popular places in Europe for company registration. The combination of favorable tax laws, simple corporate legislation, and the country’s stable tax policies has resulted in Cyprus becoming an attractive jurisdiction where thousands of new companies are incorporated every year, making the country a significant international market player. 

Cyprus has an efficient and well-developed legal system and, as a former British colony, is a common law country with business legislation similar to that of the United Kingdom. Since Cyprus is a member of the European Union, a company registered in the country enjoys all the benefits of operating in the EU. 

For all entrepreneurs who have firmly decided to form a company in Cyprus, Clevver offers professional assistance in remote LTD company registration in this promising jurisdiction. Upon request, our experts can also provide many additional services. To find out more, click here

Taxation in Cyprus 

  • The income tax rate (corporation tax) is 12.5%. Income tax is withheld from resident companies on profits from any commercial activity, whether derived from sources within or outside Cyprus. Non-resident companies are subject to income tax on income, the source of which is Cyprus. Income from securities transactions, dividends, and interest from non-core activities is not subject to income tax. 
  • Defense Tax (Special Contribution for the Defense) – from 3% to 30%. It is payable only by tax residents of Cyprus. Interest income earned by a Cypriot company in the course of non-core activities, such as the rental of real estate, is subject to defense tax at the rate of – 30%. 
  • Annual Levy. It is mandatory for all companies (even those not operating) from the first year of registration and is 350 Euros. Payment must be made by June 30 of each year. 
  • Capital Gains Tax – 20%.  
  • VAT (Value Added Tax). The standard rate is 19%, a reduced rate is 9% and 5%. If the company exports goods, the rate is 0%. It depends on the type of activity of the company. 

Benefits of Incorporating in Cyprus 

  1. Cyprus is on the “white list” of the OECD, which includes countries that have implemented international tax standards; 
  2. Dividends are not taxed in this jurisdiction; 
  3. Cyprus has a particularly favorable tax climate for companies whose activities are related to intellectual property (IP). Of the 100% of profits derived from IP, only 20% are taxable, the remaining 80% are tax-free; 
  4. Cyprus is strategically positioned between the emerging markets of the Far East and Africa and the developed economies of Western Europe; 
  5. The country has well-developed communication and transportation infrastructure; 
  6. Cyprus has a sound legal system based on English law; 
  7. The jurisdiction is one of the most profitable EU jurisdictions for ICOs, thanks to its legal framework and flexible tax laws; 
  8. Cyprus has signed DTAs with more than 50 countries, including the United Kingdom, the United States, China, Russia, India, Germany, France, Switzerland, South Africa, Singapore, etc. 

Remote Company Registration 

Company registration in Cyprus with Clevver hand is a step-by-step and clearly structured procedure. We are professionals and everyone who turns to us for help can be confident in the highest quality of services provided and the best timing of the task. Formation of your company in Cyprus does not require personal presence, Clevver experts will do everything remotely and provide the necessary documentation in digital access. 

APPLY TO US TO RECEIVE: 

  • The assistance of the specialists of the highest level;  
  • The remote support from Clevver;  
  • A comprehensive package of documents on the company formation that can be assessed digitally;  
  • Possibility to receive many extra to business incorporation services in Cyprus (registered address, mail-handling service, a local phone number, and many more);
  • Quick processing for the business incorporation service;  
  • Consistent customer support and individual approach to each client. 

Bottom Line 

Cyprus is an attractive place to do business. One of the decisive factors that have played a role in this is Cyprus’ business-friendly tax system, which offers many advantages to companies located in the country. 

With Clevver’s assistance, an established company in Cyprus will start working faster and become an effective tool for international business. Contact us today!

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.


Go Global with Clevver’s Support. Form a Company in Hong Kong Online

Psoted on: March 26, 2021 at 7:39 am, in

Overview:

  • Hong Kong has a reputation as one of the most prestigious jurisdictions in the world. 
  • An alpha city has a simple tax system with low tax rates (basic income tax rate is 16.5%). Also, there is no taxation for companies operating outside the territory of Hong Kong and zero taxation on dividends and capital gains;
  • There are no currency controls in Hong Kong; 
  • Clevver supports a simple registration of a company in the jurisdiction that does not require the physical presence of the owner.

Hong Kong is a special administrative region of the People’s Republic of China, located on the Kowloon Peninsula. It is widely recognized as the center of trade and business in the Asia-Pacific region. Hong Kong’s economy is based on a free market, low taxation, and non-interference by the state. Thanks to very rapid economic growth, the region has become one of the four “Asian Tigers”, along with Singapore, South Korea, and Taiwan. The official languages are Chinese and English. 

Registering a company in Hong Kong offers great opportunities for business development and prosperity. A favorable investment climate, stable legislation loyal to non-residents, and a developed economy make the jurisdiction especially attractive for foreign entrepreneurs to open a business here. 

For those who want to form a limited company (LTD) in Hong Kong online, Clevver will gladly provide qualified assistance. Our specialists will help incorporate a business entity remotely, you will not have to visit Hong Kong in person, and provide a full package of documents on the company registration in a digital form. Click here to find out more.

Taxation in Hong Kong

  • Income Taxation. In Hong Kong, there is a territorial principle of taxation. It means that the income of Hong Kong companies is taxable only if it is derived from a source in Hong Kong or if the activity to derive such income was carried on in Hong Kong. If the company did not conduct activities in the territory of Hong Kong and did not receive income from sources in Hong Kong, income tax is not charged on it.  

Income derived from sources in Hong Kong is subject to income tax under a two-tier system at the following rates:

Amount of profit Legal entities
Not more than HKD 2,000,000 (Hong Kong dollar) 8.25%
Over HKD 2,000,000 16.5%

Where profit exceeds HKD 2,000,000 (approximately USD 257,000) the corporate income tax rate of 16.5% will not apply to the full amount of profit made, but only to that part of it that exceeds HKD 2,000,000.

  • Dividends paid by a Hong Kong resident company to a foreign company are exempt from withholding tax in all cases. Also, dividends paid by a foreign company to a Hong Kong company will not be subject to Hong Kong income tax. 
  • Royalties paid by a Hong Kong resident company to a non-resident may be subject to Hong Kong withholding tax where the copyright and/or intellectual property is actually used in Hong Kong, or where the royalty is effectively deductible for income tax purposes. The effective rate is 4.95% for payments to parties that are not related to the Hong Kong company paying the royalty. If the parties are related, the standard withholding tax rate of 16.5% applies.
  • Hong Kong law does not provide for VAT, and capital gains tax is not taxable in most cases.

8 Reasons to Open a Business in Hong Kong

  1. Developed and stable economy, Hong Kong is one of the most developed and advanced, stably existing economic regions in Asia. 
  2. The country has minimal requirements of the state authorities to the procedure of opening a company and short terms for business registration; 
  3. No taxes if profits do not originate in Hong Kong (the use of the territorial principle of taxation, where the income derived outside the country is not subject to taxation), or low tax rates if profits are made in Hong Kong; 
  4. No restrictions on foreign investment, capital flows, and income. 
  5. There are no currency controls in Hong Kong, the company can transfer funds for transactions relating to the business activities of the company at any time, in any currency, and to any country. 
  6. There are no customs duties, Hong Kong is a free port. 
  7. Firms registered in the territory of Hong Kong are entitled to conduct any legal activity. For such activities as credit, insurance, banking, investment consulting, a special license is required. 
  8. Good geographical location close to mainland China.

Incorporation in Hong Kong

Clevver experts will help register a company in Hong Kong remotely. Our specialists offer assistance with the time-efficient setup of a company in Hong Kong and save you from procedural and registration hassles on the way.

WHAT WE OFFER:

  • The quality assistance of the highly-qualified specialists; 
  • Online support from Clevver; 
  • An essential set of documentation on the company formation in a digital format;
  • Possibility to receive many extra to business incorporation services (registered address in Hong Kong (link), mail-handling service, and many more) 
  • Consistent customer support and individual approach to each client.

Bottom Line

Hong Kong — it is minimum prohibitions and costs, and maximum conveniences for business development. As a major financial center of Asia, Hong Kong is very attractive in terms of favorable conditions for trade and entrepreneurship. Business infrastructure, simplicity of taxation, and corporate legislation create opportunities for the arrangement and success of international business. 

Clevver team lends a hand to register an LTD in Hong Kong, reach out to us 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.