Publications

A bank account in the UK is the second step to start doing business after registering a company. This process may seem complicated, but with the right approach and following all the necessary steps, it can be completed relatively easily and efficiently with the help of the lawyers at Antwort Law.

All business owners in the UAE should apply to register for corporate tax as soon as possible. The UAE federal tax authority made a decision on March 1 and will begin to apply fines to companies that have not registered for corporate tax. If your company was registered before 2024, then you should hurry up with registration. The decision of the UAE Federal Tax Authority (FTA) came into force on March 1, 2024.

The United Arab Emirates attracts entrepreneurs from all over the world not only with one of the most favourable income tax rates but also with an outstanding banking sector, innovative infrastructure and the opportunity to obtain tax residency through company registration and avoid the international exchange of tax information.

In 2016, Herbalife agreed to pay $200 million in damages and change its business model after the US Federal Trade Commission (FTC) accused it of running a pyramid scheme. In 2008, Bernard Madoff's investment fund was recognized as the largest financial pyramid scheme in history, resulting in about $65 billion in losses. The founder himself was sentenced to 150 years in prison.

Ukraine, like many other countries, is influenced by domestic and foreign political factors. The most significant factor today is war. It led to the introduction of a number of restrictions that have a significant impact on the business environment in Ukraine. Read the new article from the Antwort Law team about which restrictions lead to the fact that Ukrainian businesses have to open a company abroad.

Registering intellectual property rights for software abroad plays an important role in ensuring the protection of your property. However, before you decide which country to do this registration in, let's look at why you need to do it in the first place, given that in many countries, the rights are automatically established once the product is created.

Opening a bank account for crypto companies poses a significant challenge due to the unique risks inherent in the industry. Despite the rapid development of blockchain technology and the popularity of cryptocurrencies, many traditional banks are still waiting to cooperate with such companies due to the complexity of regulation and ensuring the security of transactions. It leads to the fact that opening an account becomes difficult and requires additional effort. In addition, Russian entrepreneurs have to face new sanctions that aggravate the situation.

Choosing a country to register an IT startup is a key stage in planning your business. Many countries offer optimal conditions for IT companies, providing tax incentives and convenient business infrastructure. For example, due to low taxes, Cyprus is attractive for software development companies: income tax is only 2%, and dividend tax is only 2%.

Amazon sellers face a variety of regulatory requirements, especially in areas such as product safety, labeling, and import regulations. However, going through the legal compliance procedure for a company is an equally complex process that requires careful understanding and compliance with many regulatory rules. Amazon also uses a series of verifications and machine learning to prevent unscrupulous sellers from registering.

Each foreign company has a set of basic documents that banks, counterparties, clients and government or licensing authorities can request at any time. Regularly updating these documents, at least once a year, is an important rule. It will ensure you complete transactions, such as opening accounts, smoothly and quickly without wasting time due to out-of-date documents.