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INCORPORATION & LEGAL ISSUES

Jurisdiction choice for company registration is a complex task. The starting point when choosing an EEA state is to designate non-resident corporate structure or a network of such structures and determine the functions that the company will perform (operating, holding, agency, etc.)

SET UP COMPANY IN THE EU EXPLORE JURISDICTIONS

Tax regime

Gofaizen & Sherle advise Clients on the optimal corporate tax structure for the business and the availability of tax incentives, special tax regimes, as well as the approaches to taxation of non-resident companies and tax transparent structures.

Estonia

Internationaltax competitiveness indexoverall rank

The "prestige" of jurisdiction is a value concept that consists of various components and can change over time.

If prestige plays an important role, it is recommended to choose countries that are not “classic” offshore zones.

As a rule, the member countries of the EEA have a positive image in international business. It also considers various country rankings, the most famous of which are the Doing Business rating by the World Bank and the Index of economic freedom

Estonia

Ease of doing business index

Index of economic freedom

Availability of the necessary infrastructure

Business geography and location of counterparties; the ability to open a bank account for the declared activity; planned direct interaction with Clients. The above list of criteria needed to be considered choosing a jurisdiction is not exhaustive, therefore for a business to function well and develop should be made the right choice of jurisdiction or several jurisdictions, in the case of building a whole structure. Gofaizen & Sherle will analyze your business model, provide recommendations based on your goals towards optimal jurisdiction and assist with further implementation and company set up.

Jurisdictions

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Estonia
- 0% tax rate for retained earnings
- E-government (set up and run company using e-residency card remotely)
- International Tax Competitiveness Index #1 among all 27 EU states
- Ease of Doing Business rate #18 across the Globe and #5 among EU states
- 0% tax rate for retained earnings
- E-government (set up and run company using e-residency card remotely)
- International Tax Competitiveness Index #1 among all 27 EU states
- Ease of Doing Business rate #18 across the Globe and #5 among EU states
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Luxembourg
- 1st in Europe and 4th in the world based on economic development
- Impeccable reputation “Made in Germany”
- Excellent infrastructure
- Skilled labor force
- 1st in Europe and 4th in the world based on economic development
- Impeccable reputation “Made in Germany”
- Excellent infrastructure
- Skilled labor force
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Montenegro
- Excellent gateway to Europe from CIS countries
- Most affordable labor costs (331 EUR minimum brut salary per month)
- Lowest corporate income tax (9%)
- Tax incentives for holding companies (profits of all overseas subsidiaries are taxed at a zero rate)
- High level of anonymity
- Well-developed banking system and loyalty from the authorities
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Lithuania
- Lithuania occupies one of the leading positions in the ranking of the world´s freest economies on the ease of starting a business, as well as one of the leaders in Europe according to the index of investment attractiveness
- Opening business in Lithuania is popular due to the low costs of accounting and administration, low taxes, and good geographical position

What is included in the company formation service package

Company formation

Full turn-key assistance with setting up a company in EU by Power of Attorney (remotely) or by physical presence including such steps as verification of the company name; preparation of individual AoA, coordination of all necessary legal formalities and handling of the company entry into the commercial register.

Bank Account

The issue of opening a corporate account in the Bank for the company where non-EU residents are acting as directors and shareholders is still urgent. Our services for opening an account include an analysis of your business model, risk assessment and selection of the optimal Bank in the EU, collection and preparation documents package (in accordance with the requirements of the chosen Bank), representation of your interests in negotiations (if necessary).

Registered and Virtual Office

In order to set up a company in EU jurisdiction, the address of registration and virtual box services are required. In the frames of our solution, we provide an address in EU and assist with mail forwarding and other incoming physical correspondence from governmental authorities, Banks and third parties. Upon request, we could assist with EU phone number and receptionist answering on the calls.

Legal Templates

As soon as the company registration procedure is fully completed, the question of starting operating activities becomes relevant. In order to accelerate the process and save money on local advisors, we will provide all the necessary legal document templates drafted in accordance with EU law (NDA, employment agreement, service agreement, policies etc.)

Tax number obtainment

Registration of your entity within EU tax authorities and acquisition of VAT number and internal tax number (if applicable)

Dedicated consultant

Our aim is to make the moment of launching your business maximum simple, so it would be possible to concentrate on important matters and operate efficiently. Therefore, you will be provided with an individual consultant who will lead you through the entire process of the company formation and further will be assisting with other business-related issues and unique needs

Auxiliary services

Accounting and Taxation

Legal entity registered in EU obliged to conduct bookkeeping records and submit reports to the state authorities (Income tax and social security contribution report on employees, VAT reports on a monthly basis and annual reports). Jointly with our partners, we will be happy to assist your company on this matter and develop an optimal taxation model individually under your business.

Trademark registration

Registration of trademark within European Union Intellectual Property Office (EUIPO). Word mark, figurative mark, figurative mark containing word elements, shape mark, shape mark containing word elements, position mark, pattern mark, single color mark, sound mark, motion mark, multimedia mark, hologram mark.

Local Director

The need for local hired director often in demand across our Clients since it resolves issues with Bank compliance (if any arise) and makes it possible to conduct remotely operating activities more efficiently. We will carefully analyze your needs and weigh all the risks in order to conduct a search for a suitable candidate for the position.

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Market analysis
Feasibility study
Partner search
Sales Boost
Mergers and Acquisitions (M&A)
Grants and investments raise

Expension strategy development

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Human resources acquisition and headhunting
Finding business premises
IT environment set up
Bank account for "high risk" business

Infrastructure set-up

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Accounting and bookkeeping
Payroll services
IT environment set up
Other "based on request" support (legal advisory, legal opinion draw up, settlement of other issues)

Maintenance & support