The success of Hong Kong in the international company world has remained unbroken since being returned to communist China. The Chinese leaders wisely left the English system unchanged, and have not allowed others to have a say in the operation of the city state either. Hong Kong is a leader in the number of companies formed, not only in the region, but also at the world level. More and more LAVECO clients who wish to arrange their affairs for the long term are choosing Hong Kong, even if it appears to be more expensive. One of the major ingredients of success is the fact that income from outside the territory is not subject to tax in Hong Kong, with only locally-sourced profits being taxed at 16%.
This little known small country in Central America offers truly excellent opportunities for the formation of IBC-type companies. Thanks to more than two decades of stability it is one of the most popular jurisdictions, among LAVECO clients, too.
One of the success stories of the last decade in the international company industry is undoubtedly the Seychelles. The reason our clients choose the Seychelles is that the islands offer a simple and financially efficient solution, particularly in the case of the establishment of holding companies.
The leading jurisdiction in the world offshore market, which basically introduced the IBC company format in 1984. Numerous countries and jurisdictions subsequently “copied” the company law. From the point of view of the number of companies formed, over the last 10 years the BVI has always been among the podium places. Extremely popular and the preferred jurisdiction of lawyers in particular.
37 years at the top! The system in Cyprus provided in the past, still provides today and can be expected to continue to provide in the long term a uniquely stable opportunity for the registration of international holding and trading companies. The tax system is excellent, in both European and worldwide terms, for those wishing to place their wealth securely in the long run. The more than 60 agreements for the avoidance of double taxation signed by Cyprus facilitate the redistribution of income from dividends, interest and royalties to Cyprus and the further forwarding of such incomes to other jurisdictions.
Numerous clients are starting to choose Bulgaria as the jurisdiction in which to set up companies thanks to the low rates of corporation tax and personal income tax. The country’s banking system is relatively stable, and the exchange rate of the local currency is pegged to the euro. The opening of bank accounts for companies registered here is simple, and receiving an EU tax number does not particularly pose problems.