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Latest business news

Latvia: Immigration law amendments
26th May 2014
Latvian parliament adopted amendments to the Immigration Law in Latvia on May 8th, 2014. The amendments will come into force on September 1, 2014. Changes refer to the minimum thresholds of the property that qualifies for temporary residence permit.

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Offshore companies

We provide a wide range of offshore services such as company formation and maintenance, creating and maintaining bank accounts, etc. Most common reasons for choosing the offshore are optimization of taxes, asset protection, captive insurance, protection of intellectual property, confidentiality and privacy.

Cyprus offshore

Cyprus is an island country located in the Eastern Mediterranean Sea. It is best known for its sunshine packed beaches and stunning mountain ranges. Most Cyprus income is made from tourism, export of goods and sale's of real estate. The main languages in Cyprus are Greek and Turkish. English language is known by the most of population.

  • The minimum share capital is 1000 EUR, and usually authorised capital is 5000 EUR
  • Usual time to form a company in Cyprus is around 5 work days
  • Local director and a secretary is required
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BVI offshore

British Virgin Islands(BVI) is a British overseas territory in the Caribbean. The islands make up part of the Virgin Islands archipelago. The official language in BVI is english. Business company is the type of company to create in BVI, because they are used worldwide and are known in most of the business world.

  • Usual time to establish a company in British Virgin Islands is 2 business days
  • Minimum paid up share capital is 1 USD and usual authorised is 50,000 USD
  • No corporate tax on worldwide profits to the BVI authorities
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Hong Kong offshore

Laws related to business in Hong Kong have changed in past couple years, allowing for easier formation of offshore companies. Making Hong Kong one of the best places to create companies in Asia. Companies in Hong Kong pay no corporate income taxes on income obtained from abroad Hong Kong.

  • Company formation in Hong Kong takes around 1-7 work days
  • No corporate income tax on foreign profits
  • The minimum count of shares is 1 and share capital may be of any size.
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UAE offshore

Ras Al Khaimah is the most popular place in United Arab emirates to create an offshore company. The type of company in RAK is International business company limited by shares. RAK has a very fast growing population and one of the fastest developing economic systems in the world.

  • Minimum share capital of 1,000 DHS
  • Usual time for company incorporation is 1-2 weeks
  • A local office must be opened
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Panama offshore

Most of Panama's income comes from the tax on transporting cargo through Panama canal. The canal is used to cut the time it takes to transport cargo between Atlantic and Pacific oceans. The official and mostly spoken language is Spanish, but English is also known by a large portion of the population usually used in urban areas and to trade worldwide.

  • Usual time it takes to establish a new in company Panama is around 2 business days
  • Usual authorised share capital is 10,000 USD
  • The minimum number of directors are 3
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Gibraltar offshore

Gibraltar is a small country with most of the population living on the foot of the gibraltar rock. Gibraltar is mostly known for its large rock, being the only large landmark in the country. Official language of Gibraltar is English, but Spanish and Llanito is also widely spoken.

  • Company formation in gibraltar takes around 5-8 days
  • Minimum paid up share capital is 1 GBP and usual authorised is 2000 GBP
  • Non resident company in Gibraltar pays no corporate tax.
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Latvian bank accounts may be used for various fund related gains, mainly for tax reasons and asset protection. For more information on banking click here.

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