Assessing the current situation, we can say that offshore business is now "out of the law". And even if you say a thousand times that you did not use offshore for money laundering or tax evasion - potential customers, partners, banks, having heard that you have business in an offshore zone (for example, decided to register a company in Panama) - will avoid cooperation with you.
Every day, the businessmen contact our company and report that they encounter difficulties in opening accounts or are under pressure from the state, where they once decided to register the company.
Experts believe that in the near future the situation will only progress. Thus, due to the actions of world leaders (EU, US, G20), their influence, sanctions and decisions, the owners of offshore companies were in a very disadvantageous position.
Now the question has arisen: What is the next step? If you have also decided to register a company in Cyprus or to establish a company in the British Virgin Islands, and at the same time want to avoid business losses, to maintain and increase your customer base, it is time to order professional advice from our team. We specialize in the registration of foreign companies and know all the nuances of international business. We also develop an individual strategy for each client. Today we want to talk about one of the ways to minimize the risks of asset losses - how to commit emigration of the company (redomiciliation).
Which countries have become inconvenient for doing business in 2018:
- Classic offshore.
- Some Baltic countries.
- The Russian Federation.
- Redomiciliation of a company from Cyprus and other offshore areas.
In recent times, appeals regarding business emigration from Cyprus have become more frequent. Especially the demand for such services from the citizens of the Russian Federation has increased, which freeze and close accounts in Cyprus only because the state agencies of the country (after the visit of representatives from the USA to the state and urgent recommendations) now classify residents of the Russian Federation as "high risk".
Relocating a company from Latvia
Concerning classic offshore companies and countries with high taxes - everything is very clear here, the Baltic States have become inconvenient for doing business just recently - after the fall of a major bank in Latvia. The beneficiaries of the Latvian companies applied to our company to relocate the company from Latvia to the jurisdiction with a positive attitude to such kind of business. We have provided step-by-step support on this issue.
Relocation a company from the Russian Federation
Redomiciliation Company from Russia is also in demand. Many partners and clients from other countries do not want to work with companies from Russia, as they associate them with the creation of many offshore schemes, fraud and money laundering.
Which countries are convenient for business?
First of all, these are states that do not enter into any black list and have low taxation, or provide an opportunity to legally reduce tax rates. Among such jurisdictions: Hong Kong, Britain, Ireland, Scotland, Singapore, Switzerland, Poland and others. With a detailed list of states where you can register the company, you can see on our website "Company".YB Case specialists will assist you in finding the most convenient and optimal jurisdiction for your type of activity.
How is the business relocation occurs?
For illustration, let’s give an example of the relocation of business from Cyprus. In the process of business transfer the legal person ceases to function as «the company which was registered in Cyprus». Such a person begins to work in a new jurisdiction. In doing so, it retains:
- a legal form;
- a corporate structure.
The new jurisdiction can provide convenient and comfortable taxation, ease of obtaining licenses for the right activities and other benefits, with which we will help you sort out.
Redomicile an offshore company is impossible if:
- there are debts;
- sanctions have been imposed on it;
- if the company is bankrupt;
- if it needs to be liquidated;
- If there is no certificate of good condition.
Relocating a business
In order to quickly and efficiently conduct business relocation and register a company in Scotland, register a company in Switzerland or other convenient countries - contact us using any convenient form of feedback.
