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United States

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United States

United States is one of the most reputable incorporation jurisdictions in the world. The following two legal corporate structures are used for international business:

US Corporation – a company owned by itsshareholders. Each shareholder’s liable for the original value of the shares they were issued but didn’t pay for. Corporations commonly used as International Holdings with the main purpose to hold shares in another companies worldwide.

US Limited Liability Company, LLC – a company which owned by members and they aren’t personally liable for debts of the business - their liability is limited to their investments in the business. LLCs commonly used for trading activities worldwide.

 

Please be informed that according to the Foreign Account Tax Compliance Act (FATCA), if you are a U.S. person (a U.S. citizen or resident individual or entity), no matter where you live, you are obliged to report your financial accounts held outside of the United States. FATCA is a United States federal law that requires United States persons, including individuals who live outside the United States, to report their financial accounts held outside of the United States, and requires foreign financial institutions to report to the Internal Revenue Service (IRS) about their U.S. clients. Congress enacted FATCA to make it more difficult for U.S. taxpayers to conceal assets held in offshore accounts and shell corporations, and thus to recoup federal tax revenues. The FATCA is a portion of the 2010 Hiring Incentives to Restore Employment (HIRE) Act.

For more information, please visit  FATCA, FBAR.

 

If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, exceeding certain thresholds, the Bank Secrecy Act may require you to report the account yearly to the Department of Treasury by electronically filing a Financial Crimes Enforcement Network (FinCEN) 114, Report of Foreign Bank and Financial Accounts (FBAR).

For more information, please visit  FATCA, FBAT.

 

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United Kingdom

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United Kingdom

United Kingdom is one of the most reputable incorporation jurisdictions in the world. The following two legal corporate structures are used for international business:

UK Private Limited Company – a company owned by its shareholders. Each shareholder’s liable for the original value of the shares they were issued but didn’t pay for. Limited companies commonly used as International Holdings with the main purpose to hold shares in another companies worldwide.

UK Limited Liability Partnership, LLP – a company which owned by partners and they aren’t personally liable for debts of the business - their liability is limited to their investments in the business. LLPs commonly used for trading activities worldwide.

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BULGARIA

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Bulgaria - being an European Union State Member, Bulgaria is one of the most attractive tax efficient jurisdictions for doing international business.


Bulgaria - Offshore Alternative Company – a way of doing business using Bulgarian Limited Liability Company, operating through Bulgarian banks and paying 10% Corporate Tax only.
Bulgaria - EU Trading Company – effective way of doing VAT registered trading business within European Union.

For more information on the jurisdiction visit RESOURCES 

 

For Corporate & Tax Law visit RESOURCES

 

For Tax Treaties visit RESOURCES

 

 

SAVA Management Ltd