Wednesday 5 November 2014

Attractive destinations for opening a company

Many foreign entrepreneurs are looking for expanding on new markets where they can find attractive opportunities and friendly environments for doing business. There are many jurisdictions that encourage foreigners to set up companies and develop their businesses and among these there are Dubai – a well-known hub for investors all around the world – and Malta, a small island in the Mediterranean Sea, with a great potential.

Dubai is the second largest emirate in the United Arab Emirates (UAE) and offers a very attractive environment for foreign investments, especially in the free zones and in the real estate sector. The legislation for buying properties in Dubai is transparent and the procedures for purchasing and registering the properties are simple and clear.

Trading and other economic activities are encouraged because Dubai is a tax haven, the country is located near important markets, such as Africa and Middle East and it offers a business-friendly environment. The tourism in this emirate is developed and it continues to grow every year due to the great facilities, luxurious hotels and commercial centers.

Dubai is a top destination for foreign investments and it ranks the first place in the top of investments in the Arab region.  


Why to choose Malta for investments 

Even if it is not so famous as Dubai, Malta has begun to attract foreign investments due to the friendly business environment and the taxation that transformed the country into a tax haven.  The small island located between Europe and Africa is a well known tourism destination and it has important facilities for attracting thousands of foreign tourists every year. One of the official languages spoken in Malta is English, which is an important advantage for foreign investors who want to set up a company in this country.
Foreign investors in Malta can avoid the double taxation because this country has signed over 50 double tax treaties with other countries and the foreign investors can choose to pay the taxes at the rates available in Malta that are better than in their countries of residence.

If you need to open a company in Malta or in Dubai, you can contact our specialists in company formation and lawyers who will handle the entire procedure of company incorporation.

Friday 17 October 2014

European Companies with VAT Number

The VAT is required to be paid for almost all the sales and purchases of a European company that is doing business in EU. Outside the European Union, VAT is not mandatory to be applied for the exports of a company based in EU. VAT is usually added to the price of the goods and services offered by a European company and it is paid by the customer, according to the invoice.

An entrepreneur who wants to open a company in a foreign country and who needs VAT registration may contact our specialists in company formation from Bridgewest, who will help him with the incorporation procedure and the application for the VAT number. The required documents will be submitted to the tax authorities or the Trade Register in the country where the company is registered.

The company must accomplish several requests in order to obtain the VAT number and these are different according to the regulations in the country where it needs to be obtained.

National criteria for VAT number

The application for the VAT number is sent after the incorporation procedure for the new companies and the issuance may last a few weeks (the period differs from one country to another). The local authorities will decide if they issue a VAT number according to the national criteria related to the products or services sold by a certain company, its turnover etc. Our specialists will offer you useful information about the requirements in every European country and the necessary documents to be submitted to the local authorities.

A part of the European shelf companies offered by Bridgewest have a VAT number, for others it is necessary to obtain it. The procedures for obtaining a VAT number may be simpler in Eastern Europe, in countries such as Bulgaria, Latvia, Russia etc. In certain countries, it is mandatory for the founders of the company to be present in front of the local authorities or to appoint a representative through a power of attorney.

If you need more information about European companies with VAT number, you may contact our specialists in company formation from Bridgewest. They will offer you company incorporation services and other additional services for your business abroad.

Thursday 3 July 2014

Why should you invest in Poland?

Poland is one of the most attractive and fast-growing countries in Europe due to the increasing number of new investment projects, extensive market and political stability. Also, Poland provides investors with a competent and well educated workforce. Production costs are low in comparison to countries in Western Europe and the quality of goods produced here is excellent.

The country’s position in central Europe and its statute as the sixth largest EU member state represent a great opportunity for investors coming from abroad. They realize this means lower trade costs and more facile import and export procedure. The most important trade partners for Poland are Germany, Russia, China, Hungary, Ukraine, Spain, France, Italy and the UK.

Poland took the spotlight since it was the only European country that managed to avoid the recession and repercussions of the global economic crisis. Moreover, the country’s debt-to-GDP ratio of 57% is significantly below average in comparison to other countries that still struggle with their public debt.

The Polish Government is constantly trying to create a friendly and proper climate for business and entrepreneurship in order to attract foreign investments. One of the most important measures in this direction was the creation and implementation of the Polish Special Economic Zones (SEZ) project. Basically every entrepreneur decided to start his own company in Poland can choose one of these 14 zones where they are given the opportunity to conduct their activities on preferential terms. They can benefit from various Polish tax exemptions and discounts in these specific zones.

Also, entrepreneurs should take into account the fact that Poland signed Double Tax Treaties with a considerable number of countries in order to avoid double taxation of foreign investors. Therefore it would be advisable for them to find a qualified Polish company formation specialist that will be able to advise them regarding the procedures to follow in order to take advantage of these treaties.