Offshore Company in Belize
Belize, formerly known as British Honduras., It gained independence from Britain in 1981 and has become famous for offshore company formation and tax optimization.
The Belize International Business Company (IBC) is the most popular form of offshore company structure. As internationally recognized offshore center of Central America, the main advantages are the quick registration process, the stable political system and the high confidentiality in accordance with the national law. The national language is English, which simplifies the offshore company formation process considerably. The Belize Offshore Company is based on the Belize International Business Company (IBC) model.
A Belize International Business Offshore Company does not pay any tax on its worldwide profits to Belize authorities. Belize has not signed any double tax agreements.
The Belize Offshore Company is perfect for:
- Internet commerce
- Intellectual property management
- The custody of movable and immovable property
- Inheritance provisions
- Stockbroker / forex
- International business
The benefit of Belize offshore company:
- Information about directors, shareholders and beneficial owners is not filed with the Belize Registry and not available to the public
- No foreign exchange control.
- Inexpensive annual support
- No requirements of a minimum paid up capital
- Any individual and legal entity may become a shareholder, director and officer
- Exempt from all local taxes
If you have further queries, please contact Us
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my
Under the Hong Kong Inland Revenue Ordinance “Hong Kong adopts territorial basis for taxing profits derived from a trade, professional, or business carried on in Hong Kong. Profits Tax is only charged on profits which arise in or are derived from Hong Kong “. In simple terms this means that a person who carries on a business in Hong Kong but derives profits from another place is not required to pay tax in Hong Kong on those profits.
Below are the Hong Kong offshore Income general requirements
- The Company has no office in Hong Kong (Registered address is not belong company office.)
- No employee is in Hong Kong.
- The delivery of the goods are not passed through Hong Kong
- No goods are stored in Hong Kong
- The company has no bank loan in Hong Kong
- Suppliers and customers are foreign companies
- Contract place must be outside Hong Kong
- The sales details must be matched with purchase details
- Payments and collections details are clear and can be traced
- It is advisable for directors not to visit Hong Kong so often.
If you have further queries, please contact Tannet
TANNET GROUP: http://www.tannet-group.net, http://en.tannet.com.my
Singapore is often cited as the leading example of countries that continues to reduce corporate income tax rates and introduce various tax incentives to attract and keep global investments. With effect from Year of Assessment 2010, a company is taxed at a flat rate of 17% on its chargeable income regardless of whether it is a local or foreign company. For YA 2018 to YA 2019, all companies will be granted a 20% Corporate Income Tax Rebate capped at $10,000 per YA.
Singapore Income Tax System
1. Singapore follows a territorial basis of taxation. In other words, companies and individuals are taxed mainly on Singapore sourced income. Foreign sourced income will be taxed when it is remitted or deemed remitted into Singapore unless the income was already subjected to taxes in a jurisdiction with headline tax rates of at least 15%.
2. Singapore corporate tax rate is capped at 17% on its chargeable income.
3. Singapore personal tax rates start at 0% and are capped at 22% (above S$320,000) for residents and a flat rate of 15% for non-residents.
4. Singapore does have GST and the current rate is 7%.
5. Interest, royalties, rentals from movable properties, management and technical fees, and director’s fees paid to non-residents (individuals or companies) are subject to withholding tax in Singapore.
Singapore Offshore Companies Taxation
1. This type of companies is referring to non-resident companies.
2. Company is legally tax exempted if certain criteria are met as show in the following:
a. The Company has no office in Singapore (Registered address is not belong company office). The management office is outside of country.
b. No employee is in Singapore.
c. The company has no bank account in Singapore. No any income remitted in Singapore.
d. Revenue incurred outside of Singapore.
e. Suppliers and customers are foreign companies. No business conduct in Singapore
** Kindly consult us for more detail on Singapore Offshore Companies taxation.
If you have further queries, please contact Tannet
TANNET GROUP: http://www.tannet-group.net , http://en.tannet.com.my
Australia trademark registration can be obtained for words, logo, numerals, slogan, device and more. It is provides legal right of exclusivity for use of the mark to the owner of the trademark. Australia trademark registration is however a long process involving multiple steps. In this article we cover the trademark registration process in Australia.
Australia Trademark Search
Before filling an Australia trademark to the official trademark office for registration, we strongly suggest having a thorough search conducted. Due to processes of search conducted, you will know the chances of successful registration in a matter. We will conduct a comprehensive search of the records held in the 'trademark registry' by the government office, and report to you on any trademarks found to be identical or deceptively similar to yours.
Unlike business or company name registration, it can sometimes be difficult to register your trademark if a similar mark is already in place. From comprehensive report can advise you of options to overcome difficulties. We will also advise you on matters, other than conflicting trademarks, that may cause problems or difficulty in registering your mark.
Filing an Australia Trademark Application
Once the search is finalized, or if you choose not to have a search conducted, we can file an Australia Trademark application with the government office on your behalf. It is at this stage, we must specify which of the 45 classes we are applying under. A fee is charged per class or category required. A class is essentially a category of goods or services. For example, if your trademark is to identify a clothing label, then only one class would be required. However, if the trademark was also the name of your shop then an additional class would be required.
Australia Trademark Examination
Once filed, the government office will send a letter out within two weeks, to acknowledge the application as filed and to allocate your official trademark number. This number remains for the entire life span of your trademark.
The government office will then ‘examine’ your trademark application. This is to ensure that it complies with the rules and regulations of trademark registration, and to ensure there are no other issues that should prevent registration. The results of this examination will mirror those provided by our office at the search stage, in nearly all cases. The examination conducted by the government office will take approximately four months, at which time they will forward either an ‘acceptance letter’, or an ‘adverse report’.
If your trademark is accepted, your trademark will be advertised in the Official Journal of Trademarks on a date specified at the time of acceptance. Once advertised, a formal ‘opposition period’ will follow. An opposition period is for three months and means that any third party can file an official objection against your trademark becoming registered.
If the government office issues an examination report, it means that a problem, of some description, has been found. If this is a minor issue, we will attend to it on your behalf and report to you accordingly. However, if it is a bigger issue, such as a similar mark has been found, or the trademark has been deemed generic, we will need further information from you, in most cases, before responding the report.
Australia Trademark Protection
Once your mark has been accepted, and presuming no third party objects to your registration during the standard three month opposition period, your trademark will become registered for a period of ten years from the date of filing.
If you have further queries, please contact Tannet
TANNET GROUP: www.tannet.com.my
The company name can only be in English language and ends with LTD or LIMITED. The company can be comprised of the words “International”, “Industrial”, “Investment”, etc.
Controlled or sensitive words such as “Royal”, “Commonwealth”,“Bank”, “Union”, “Chamber of Commerce”, “Holdings”, “College”, “Association”, “Foundation”,etc will be required to obtain approval.
Note: For company names with the word “Group”, there must be at least 3 subsidiaries under the holding company.
For a UK limited company the law does not state a general required minimum Charter Capital. It is recommended to be 1000GBP. There is no limit in regards to registered capital (No additional stamp duty payable). However, 0.5% stamp duty calculated based on registered capital will be incurred for transfer of shares or change of directors.
Shareholders & Directors
A minimum of one shareholder and one director, can be the same person and with no nationality restriction. Shareholders and directors must be at least 18 years of age and must not be bankrupt or convicted for any malpractice in the past. There is no requirement for the directors to also be shareholders, i.e. non-shareholders can be appointed directors.
The Registered Address for UK company must be situated in UK. The address detail is also included in the Certificate of Incorporation. Details of directors and officers must be provided. We provide the necessary ongoing services as Registered Address.
There are no restrictions as to the type of business for a UK company. A UK company is basically permitted to be involved in businesses such as trading, consultancy, investment, etc.
Documents & Information required:
Proposed company name
Passport copies of all shareholders & directors
Assistance in Opening a Bank Account
Delaware Company can open the bank account outside Delaware, more commonly known as offshore bank account. We can provide the service for bank account opening in Hong Kong, Shanghai, Malaysia, Singapore, Liechtenstein and other areas. Our company can provide the whole set of opening bank service including: recommending the bank/ preparing the opening bank documents (certified true copies)/meeting minutes/application form/ arranging the introducer.
UK Company is required to complete annual renewal (confirming details on UK company registration), filing annual audited accounts and tax return. The deadline for submission will be one month before the anniversary of incorporation day.
Taxation and Tax Declaration
The year end for tax submission falls due on the 31st of March each year. There is no income state tax for UK LLCs that do not conduct business in the UK.
If you have further queries, please contact us
TANNET GROUP : http://www.tannet.com.my