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      CYPRUS (EU) 

    Europe – Company formation in Cyprus

    Zypern Firmengründung

    Excellent location within the European Union

    Cyprus (EU) has, in addition to the most attractive Non-Dom-Programme within the European Union, very strong arguments for setting up a company.

    Corporation tax is 12.5%, there are no trade taxes, and you will receive a VAT number (international Value Added Tax number), as well as a local tax number. Additionally, a Cyprus company with business premises and proper business operations meets the international substance requirements of a foreign company.

    Cyprus has a respectable reputation both within and outside of the European Union and has made extraordinary efforts, particularly in the last four years, to provide excellent conditions for foreign companies and business owners.

    The business-friendly implementation of the CFC-Rules in Cyprus, offers a high degree of corporate freedom.

    With a combination of company formation and residential relocation, Cyprus offers the following advantage: Non-Dom regulation.

    Five stars for this excellent corporate location within the EU, where we have been representative for over 20 years!

    © Privacy Management GroupLtd., Cyprus - Original images

    Details, Services and Fees

      Panama

    Company formation including management package and bank account

    Panama Firmengründung

    Review of this location:

    With the implementation of international CFC-Rules and substance requirements, Panama has developed into one of the most sought after Non-EU locations worldwide.

    Although the Panama company does now not represent an offshore company anymore, it still has many exciting advantages to offer.

    If you prefer company formation outside of Europe, you should absolutely look into this modern corporate location. As with the ‘New Seychelles Company’, Panama is incredibly flexible and thanks to the management package, the company operates legally secure on an international level.

    A five-star review for company formation in Panama.

    Details, Services and Fees

      The Seychelles

    Company formation including management package and bank account

    Seychellen Offshore

    Review of this location:

    The Seychelles company is subject to territorial taxation in the Seychelles. The corporation tax in the Seychelles is only levied when the profits are not earned outside of the Seychelles.

    The Seychelles has already implemented the international recommendations of the OECD and liberally reformed company and tax laws. The employment of local directors, nominees and the fulfilment of national and international substance requirements (e.g. business premises) is easily accomplished through appropriately customised management packages.

    Find out more in the following pages, where some very positive and eye-opening experiences await you. Or simply contact us directly, we are happy to hear from you!

    Five-star review for this location!

    Details, Services and Fees

      CANADA ONTARIO LP

    Canada Ontario LP company formation
    with a Full-Service-Package

    Canada Ontario LP

    Review of this location:

    The Canada Ontario LP is in particular a great alternative to the USA. There are no accounting obligations, no taxation on a corporate level, and these in addition to the impeccable international reputation are only a few examples why many entrepreneurs are choosing Canada as a business location.

    Our review of this location is: 5 stars.

    Details, Services and Fees

      USA FLORIDA LLC

    Florida LLC company formation
    with local bank account

    Canada Ontario LP

    Review of this location:

    Establishing a company in Canada is generally preferred to US company formation. Although, since 2019 the Florida LLC in particular has become interesting again, because among other things you can in this way open local bank accounts in the USA again.

    Let’s talk about your business, we are at your disposal!

    An alternative to Canada, which we at this point rate with four stars – a rising trend!

    Details, Services and Fees

      Cyprus (EU member)

    EU-residence in Cyprus with Non-Dom status

    Zypern Firmengründung bei Privacy Management Group

    Residential relocation, Non-Dom status and company formation

    The Mediterranean island of Cyprus is a full member of the European Union and offers around 350 days of sunshine, the beach and the sea as well as substantial advantages for the internationally active businessperson. Only 60 days minimum stay per year, no taxation on dividends and many more benefits…

    Cyprus (EU) is in our view the paradise within the EU and therefore receives a 5-star rating!

    You can find more information on our website: https://www.tax-residence.com

      United Arab Emirates

    Residential relocation and company formation

    Freezone Ras Al Khaimah - Privacy Management Group

    Residential relocation with Free-zone company formation

    Already with the formation of a RAK Free-zone company (Free trade zone Ras Al Khaimah) in the United Arab Emirates, will you be able to attain an investor visa and enjoy the amazing opportunity of becoming a resident in the United Arab Emirates. An optimal infrastructure, high quality of life and excellent leisure activities are, besides income and corporate taxation of 0%, often the most important reasons for businesspersons to relocate to the Emirates.

      RAK Premium

    Zypern Firmengründung

    This premium product exemplifies the well-grounded connection between a RAK ICC - non-resident company, popularly known as an offshore company – and a regular business in the RAK Economic Zone (RAKEZ). Through the parent-subsidiary relationship between a RAK ICC and RAKEZ, the shareholder enjoys the advantages of both company models.

    International recognition and a good image, permanent business premise to prove real substance of the company, direct access to national and international bank accounts, 100% ownership without local ‘co-owners’, access to the international double-taxation treaty, opportunity to reside anywhere within the UAE, etc…

    Top location, a real premium product from RAKEZ: 5 stars

    Details, Services and Fees

      RAK FREE-ZONE COMPANY FORMATION

    Freezone Ras Al Khaimah - Privacy Management Group

    Residential relocation with Free-zone company formation

    Already with the formation of a RAK Free-zone company (Free trade zone Ras Al Khaimah) in the United Arab Emirates, will you be able to attain an investor visa and enjoy the amazing opportunity of becoming a resident in the United Arab Emirates. An optimal infrastructure, high quality of life and excellent leisure activities are, besides income and corporate taxation of 0%, often the most important reasons for businesspersons to relocate to the Emirates.

      RAK ICC (OFFSHORE)

    Firmengründung VAE

    Review of this location:

    The RAK ICC represents the modern model of the former RAK offshore company, although it does not by itself offer the possibility of building substance within the United Arab Emirates. Evidently this ‘absence’ can lead to difficulties with international business transactions (keyword CFC-Rules and substance requirements). For this reason, the RAK ICC is in some instances still recommended, although not in every case. A very good alternative within the UAE would be the RAK Premium package or the Seychelles as a substitute location.

    We continue to give the location RAK five stars, although due to the aforementioned problems we rate RAK ICC only with four stars.

    Legal Notices

    Privacy Management GroupFZ-LLC regularly checks and updates the information on its websites. Despite all due diligence, it is possible that some facts have changed in the meantime. It is therefore not possible to assume liability or provide any guarantee as to the relevance, completeness or correctness of the information provided. The same applies for all other websites that are accessed through the hyperlinks provided. Privacy Management GroupFZ-LLC is not responsible for the content of websites that are accessed through these links. Furthermore, Privacy Management GroupFZ-LLC reserves the right to make changes or additions to the content provided. In addition to the content and structural copyright protection rights of Privacy Management GroupFZ-LLC websites, the reproduction of information or files, in particular the use of texts, extracts or images, is prohibited without the prior written consent of Privacy Management GroupFZ-LLC.

    None of the content on any of the Privacy Management GroupFZ-LLC web pages represents an individual recommendation nor is it to be understood as an invitation to trade, default or purchase. Privacy Management GroupFZ-LLC also explicitly points out that you should seek advice from experienced tax consultants and/or lawyers, in particular for any cross-border activities. In principle, any income generated domestically or internationally is subject to taxation. It is solely your responsibility to fulfil your domestic and/or international tax obligations appropriately. Privacy Management GroupFZ-LLC does not accept liability under any circumstance. Additionally, our General Terms & Conditions as well as our Data Protection Provisions and Legal Details apply.

    Asset Protection

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of Panama, it makes sense to have at least local managing directors/directors in Panama. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in Panama. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in Panama on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in Panama are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 740.00
    Registered agent annually USD 245.00
    Registered office annually USD 245.00
    Corporate franchise fees annually USD 300.00
    annually

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in the Seychelles. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in the Seychelles on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in the Seychelles are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 190.00
    Registered agent annually USD 210.00
    Registered office annually USD 210.00
    Corporate franchise fees annually USD 190.00
    annually

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of the Seychelles, it makes sense to have at least local managing directors/directors in the Seychelles. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of ‘location of decision-making power’. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides. .

    Should you intend not to take on the position of local manager/director, despite having an investor visa, we can provide you with the appropriate trustee-service that will manage this position for you – a nominee is a natural person residing in the UAE. Similarly, should you not wish to officially appear as a shareholder of your Freezone-company in RAK, even in this case we can satisfy your requirements through the use of an appropriate Nominee-company. Let’s talk about it, we are at your disposal!

    CFC-Management Packages

    The international CFC-Rules are of particular importance when a Panama company wants to, for example, send invoices to companies based abroad.

    Each country implements CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through ‘denied business expenses’ in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.

    CFC Management Packages

    The international CFC-Rules are of particular importance when a Seychelles company wants to, for example, send invoices to companies based abroad.

    Each country has implemented the CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through "denied business expenses" in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.