Choice of jurisdiction
Choice of jurisdiction to register a company in it is crucial point requiring careful task and characteristic analysis.
Factors which influence at final choice:
- Tax regime in jurisdiction (rates and terms of taxation);
- Double taxation agreement;
- So called “black list” (fiscal, monetary and other restraints are imposed on transactions with countries in this list);
- Advantages of jurisdiction (Double taxation avoidance agreement, financial statement, regulatory authorities);
- Complexity of registration of a company (obligate number of shareholders or directors, requirement for local director or registered office).