Possible Business Structures
When To Use an S Corporation:
a. When the owners live in a state with no personal state income tax.
b. When one or two individuals own the company (can be as many as 100).
c. When you have sales less than $250,000.
When To Use a C Corporation:
a. When the owners live outside the country.
b. When the owners live in a state with a state income tax.
c. When several individuals are involved in the ownership.
d. When other entities are involved in the ownership.
e. When you have sales greater than $60,000.
When To Use a Limited Liability Company – LLC
a. When you have any partnership.
b. When you own real estate for investment purposes.
c. When you have several entities that own the business.
d. When you are looking for complete protection of the owners’ personal liability.
Register company in Nevada
We are happy to announce Startupr has become a sponsor of the Startup Weekend in Romania.
About Startup Weekend Romania (by organizers)
This won’t be an advice article, nor an interview with someone famous. This is about us: Ciprian, Mihai G, Mihai R, Andra, Anca = the Startup Weekend Vampire Organizers Team.
The last few days we realized that there are a lot of things we do not know about each other, like, in some cases, what we do every day for a job! It might seem silly at first, but if you think about it it’s kind of cool because it proves that we are not in this to send each other funny emails to our work inbox!
We are all volunteers! We are all in this together! We are organizing this event because we want to grow the entrepreneurial community in Romania (and hopefully Eastern Europe), and make it a part of the global Startup Weekend Community! We do not get any monetary reward out of organizing this event – this is the Startup Weekend model, and we are sticking to it. Read more.
As was said by our customer, a company without a bank account is not a company. That’s why we have established business relationships with a few banks in Europe and South America. The particular entity has been incorporated to receive a money and operate them.
Not all banks are suitable to all clients. Some offshore banks require substantial minimum account balances, ranging from $5000 to $100’000. Some banks are more suitable for actively trading and startup-business customers, while other banks cater to the specific needs of high-net-worth clients, with an array of wealth management, investment and private banking services.
what you are supposed to pay an attention to once you are about to open up a bank account:
- Some banks request a personal meeting.
- Where the bank is placed.
- Your business activity – e.g. gaming needs special arrangement for bank account opening
- Initial deposite – e.g. in Barclays Seychelles, it’s 100k USD.
- What currency is avaible – the best deal is multicurrency bank account
- Find the best company who will introduce you to the bank – the fastest way how to open up a bank account.
- Banking Fees.
E.g. Open a company in BVI and open a bank account in Europe AS A SECURE LOCATION.
Inc.com has been released a new article on where is the easiest process to start a business. One of the most attractive places in regards to company incorporation. In some jurisdiction it’s just a matter of a few days in another one it might last a few weeks. Take your time if you are about to open up a business in another jurisdiction than you are based. However bear in mind that there is every-time an issue with documents needed for a company incorporation.
Here is the list:
1) New Zealand
5) Hong Kong
The fact that a large portion of the Fortune 500 companies incorporating in Delaware may attract great sums of business people. Like Connecticut, Delaware is one of the smallest states in the nation, however, their population density ranks in the top 10. Many people incorporate in Delaware due to the advantageous tax system, which may be the perfect opportunity for many potential business owners.
- Delaware ranks 1st on the Work Environment Index. (2005)
- Delaware ranks 1st on the “Decent Work in America” study (UMass Amherst’s Political Economy Research Institute, 2005)
- Delaware ranked 18th for Friendly Business Tax Climate (The Tax Foundation, 2005)
- Delaware’s State/Local Tax Burden in 3rd lowest in the U.S. (The Tax Foundation).
Fees & Taxes
Business Inventory Tax
Delaware does not tax business inventory.
Corporate Franchise Tax
All corporations incorporated in the State of Delaware are required to file an Annual Franchise Tax report and to pay a franchise tax. The minimum tax is $35.00 with a maximum tax of $165,000.00.
Corporate Income Tax
The general corporation rate is 8.7%.
Gross Receipt Tax
Delaware assesses a gross receipts tax on the seller of goods (tangible or otherwise) or provider of services. Business and occupational gross receipts tax rates range from 0.096% to 1.92%, depending on the business activity.
Personal Income Tax
Variable. The income tax rate starts at 2.2% for income starting at $2,000 and going up to $5,000. Income over $60,000 is assessed at 5.95%.
Personal Property Tax
Delaware does not assess a state-level tax on real or personal property. Real estate is subject to county property taxes, school district property taxes, vocational school district taxes, and if located within an incorporated area, municipal property taxes.
State Sales and Use Tax
Delaware does not levy a general sale or use tax.
Register company in Delaware.
After doing business in California or other states you will be pleasantly surprised how Nevada is a REALLY business friendly state. No personal state taxes, no corporatestate taxes, no state franchise tax. Minimum bureaucracy. Nevada offers privacy! Shareholder names are not in public records.
- No corporate income tax
- No taxes on corporate shares
- No franchise tax
- No personal income tax
- No IRS information sharing agreement
- Nominal annual fees
- Minimal reporting and disclosure requirements
- Stockholders are not public record
Stockholders, directors and officers need not live or even hold meetings in Nevada, nor be U.S. citizens.
Directors need not be stockholders.
Officers and directors of a Nevada corporation can be protected from personal liability for lawful acts of the corporation.
A Nevada corporation may purchase, hold, sell or transfer shares of its own stock.
A Nevada corporation may issue stock for capital, services, personal property or real estate, including leases and options. The directors may determine the value of any of these transactions, and their decision is final.
Your company must be located and doing business in Nevada to get the full advantages of Nevada’s business-friendly environment.
Register company in Nevada.
A few days ago, we had very interesting phone call from our customer based in France requesting on incorporation in Hong Kong, Nevada (USA) and UK.
We had spoken about the incorporation process and the price policy after a few minutes of discussion, he was claiming that he will use this jurisdictions as good and cheap marketing strategy.
It’s actually smart strategy if you realize that you can use this companies as point (hub) being closer to your customer! Your customers will definitely appreciate if you will have an entity closer to them, you might later benefit from tax advantages and many others as well. Nowadays, it’s not difficult to open up a company in several jurisdiction without travelling.
For company formation in Hong Kong, Nevada (USA) or UK, please visit our website. This can be done really into a few days with a low budget.
Have you opened up a new company in Hong Kong or somewhere else? Have you opened up a new company with Startupr or with another registered agent? Do you want to open up a business bank account in HK without travelling?
If the answer is “YES” for questions above.
This offer is limited for first three customers.
Please email us and we will advise you with the whole process.
Due to the fact that the jurisdiction of RAK – Ras Al Khaimah has been promoted as the offshore location, there is not the stigma of typical offshore jurisdiction and not being black listed by the OCDE. This is the biggest advantage once you register company in UAE. The Emirates fall under the ZERO TAX jurisdiction and therefore has no issues of VAT, Corporation Tax.Tax on rental income, CGT Tax or IHT Tax.
100% repatriation of profits and capital is allowed
No withholding nor import or export taxes
No accounting or reporting requirements
No corporate taxes are charged
Advantage of RAK Free Trade zone
International Business Company – IBC in Ras Al Khaimah – RAK – bear in mind that company business needs to be operate outside of the jurisdiction. This is the main requirements if you want to trade in United Arab Emirates, you should consider to open up a company in BVI. (e.g.)
Offshore bank account requirements
We do work with Barclays in Dubai. This is our standard bank which we offer to our clients. If you wish to open up a bank account with HSBC, Standard Chartered or chose your own bank. The most important matter to look at is to be sure whether the bank requires the minimum initial deposit. For Barclays in Dubai, it’s zero.
Here is some basic information on fund set ups.
Key points to ask are:
- What is the intended structure, company, partnership, SPC?
- How many investors and what is the initial level of assets to be under management?
- Is it intended that there will be a separate investment management or investment advisory company? If so, will it be a Cayman company?
- Will the participating shareholders be third party investors or will all investment capital be “in-house”?
- Is it intended that the company operate with a monthly or periodic NAV or will it operate as a private investment company?
- Is it intended that there should be an independent Administrator? If so, in Cayman or elsewhere?
- Will there be a desire to have an audit?
- Will a formal Offering Memorandum be required?
- What service will be required in Cayman? Will this include the provision of one or more independent directors?
If you want to proceed the application or just go a little bit further send as an email with the answered question and we will come to you shortly.
Set up a Cayman Fund.