International Company Registration
A brief outline
In line with the OECD and G20 agreements on international tax, the following is a guide to those jurisdictions have fully complied to international tax standards, indicated that they are committed to comply, or have not given any such assurances.
'Black jurisdictions'
Jurisdictions that have not committed to the internationally agreed tax standard:.
Currently no jurisdictions are in this category.
'Grey' jurisdictions
Jurisdictions that have committed to the internationally agreed tax standards, but have not yet substantially implemented them:
Andorra • Anguilla • Antigue and Barbuda • Aruba • Austria • Bahamas • Belize • Brunei • Chile • Cook Islands • Costa Rica • Dominica • Gibraltar • Grenada • Guatemala • Liberia • Malaysia • Montserrat • Nauru • Netherland Antilles • Niue • Panama • Philippines • Singapore • St Kitts and Nevis • St Lucia • St Vincent and the Grenadines • Samoa • San Marino • Switzerland • Turks and Caicos Islands • Uruguay • Vanuatu.
'White' jurisdictions
Jurisdictions that have substantially implemented the internationally agreed tax standard:
Argentina • Australia • Barbados • Canada • China • Cyprus • Czech Republic • Denmark • Finland • France • Germany • Greece • Guernsey • Hungary • Iceland • Ireland • Isle of Man • Italy • Japan • Jersey • Korea • Malta • Mauritius • Mexico • Netherlands • New Zealand • Norway • Poland • Portugal • Russian Federation • Seychelles • Slovakia • South Africa • Spain • Sweden • Turkey • United Arab Emirates • United Kingdom • United States • US Virgin Islands.
Argentina • Australia • Bahrain • Barbados • Belgium • Bermuda • British Virgin Islands • Canada • Cayman Islands • China • Cyprus • Czech Republic • Denmark • Finland • France • Germany • Greece • Guernsey • Hungary • Iceland • Ireland • Isle of Man • Italy • Japan • Jersey • Korea • Luxembourg • Malta • Mauritius • Mexico • Netherlands • New Zealand • Norway • Poland • Portugal • Russian Federation • Seychelles • Slovak Republic • South Africa • Spain • Sweden • Turkey • United Arab Emirates • United Kingdom • United States • US Virgin Islands.
Our general advice is that black jurisdictions should be avoided at all times as normal international business and banking will be affected by the reputation of that jurisdiction, the grey jurisdictions can be used for certain transactions, however these generally tend to be either low profile or non-trading structures such as asset holding which do not require standard banking facilities.
Our own general recommendations are for Ras-Al-Khaimah (UAE) for major trading requirements, where not only is banking acceptable but also real substance can be created for the vehicle. For structures less trading orientated then perhaps the Seychelles may be the next option, speak to us about your own individual requirements.
Business support services
Once you have a structure, you will need to consider the following:
- Banking.
- PAYE/NIC.
- VAT.
- Accounting.
- Corporation Tax.
Our Business Support facilities can assist you with all of these requirements.
Banking
We have relationships with many of the standard banking institutions and can make an introduction on your behalf or we can open and operate a bank account for you.
PAYE/NIC
We have a team available in-house to provide you with a complete package of services to assist you with everything from creating a payroll system, registering for PAYE and NI to offering you a complete managed service tailored to your needs.
VAT
Should your turnover require you to register for VAT or should you wish to register voluntarily our team can take you through each step or again provide you with a complete managed service tailored to your needs.
Annual Accounting
We have our own in-house facilities for providing you with a complete annual accounting service and we utilise a team of registered accountants if you prefer to deal with someone in your immediate vicinity.
Corporation Tax
Following the preparation of your annual accounts we can advise you on all the procedures for the payment of your corporation tax where applicable.