22.06.2020, 15:48
Register a company with an account in the UK
Registration of a company in England — all the Pros and Cons Every day the popularity of ordinary offshore companies is falling – it has become extremely inconvenient to use them in the structure of international business due to the great difficulties in opening bank accounts and maintaining confidentiality. Most developed countries have already adopted laws on Controlled Foreign companies (CFC) and joined the automatic exchange of tax information, […]
24.06.2020, 11:08
The personal income tax rate (personal income tax) will increase in Russia
For 20 years, Russia has maintained a flat scale of personal income tax (personal income tax) — regardless of the amount of income, all citizens paid a tax of 13% of their income to the state budget. On June 23, 2020, the President of the Russian Federation in his next televised address announced an increase in the personal income tax rate from 13 to […]
25.06.2020, 17:26
What are the disadvantages of accounts in payment systems that everyone is silent about?
Opening an account in the payment system for a foreign company is an extremely popular solution today. This is not surprising, given the difficult situation with the opening and operation of current accounts in classical banks. On the topic of the advantages of an account in a payment system, you can find a lot of information – from banal advertising of the payment systems themselves to various profile (and not only) articles. At first glance, […]
30.06.2020, 06:04
The Netherlands has adopted a law on the register of beneficiaries
The Dutch Senate has passed a law on the introduction of the register of ultimate beneficiaries of owners of legal entities (UBOs). The new register will contain all personal information about the ultimate beneficial owners of legal entities in the Netherlands. Such innovations are a clear echo of the recent changes in the AML policy of Europe. In the Netherlands, the register will be part of the Chamber of Commerce and Industry's trade register. Some information about the beneficial owner […]
30.06.2020, 12:29
Russia terminates the Agreement on avoidance of double taxation with Cyprus
"The main offshore of Russia" stops working? Cyprus is a very popular country for structuring international business. Especially Cyprus, with its low taxes for local companies and trusts to preserve confidentiality, businessmen from the CIS like to use. Cyprus is often a connecting link through which capital is transferred from CIS countries to offshore and back. In particular, according to the Central Bank […]
01.07.2020, 15:19
It will become more difficult to open a bank account in the Baltic States
The Baltic countries have been used for many years by businessmen from all over the world as a window into the banking world of Europe. Geographical proximity to the CIS and widespread knowledge of the Russian language by residents of the Baltic countries have made opening accounts in banks in Estonia, Lithuania and Latvia a very popular solution for entrepreneurs from the CIS and, especially, Russia. An additional cherry on the cake has always been inexpensive service, simplicity […]
06.07.2020, 17:51
Protect the content on the site from copyright infringement
Antwort Law Practical Experiment (Part 1) We should immediately note that we will NOT talk in this publication about what copyrights are, how the content on the website relates to them, what value it represents and what theoretical methods of copyright protection for content exist – enough has already been written about this. BUT if you encounter […]
16.10.2023, 16:42
How to confirm the source of funds for a bank?
We will talk about a very important requirement that everyone who will open or use accounts abroad will probably encounter, namely confirmation of funds’ source you will deposit into the account.
27.11.2023, 15:56
What is the difference between passive and active companies?
Suppose you have opened a foreign account for a company or are in the process of opening one. In that case, you have probably encountered questions in the questionnaire about its international classification: financial/non-financial, passive/active. It is no coincidence that these criteria are included in the questionnaire, as they significantly affect your tax bill.
05.12.2023, 16:53
Foreign bank accounts: a complete list of documents for successful opening
To operate effectively globally, every company needs a reliable tool for financial transactions - a bank account abroad. When opening it for your business, be prepared to provide much information. In this article, we will look at what documents you need to start and complete this process.
14.12.2023, 13:48
Corporate account in Kazakhstan: requirements in 2024
Antwort Law specialists work closely with banks in this region, which allows us to carefully and promptly respond to any changes and trends in opening accounts. With the advent of the new year, 2024, diverse opportunities have opened up, and the need to strategically adapt to advanced trends in banking services has arisen. Let's take a closer look at what innovations can already be noted when opening a corporate account in Kazakhstan.
19.12.2023, 14:16
Types of licenses for managing crypto assets
The cryptocurrency business provides extensive opportunities for exchanging, buying, selling, trading, storing, and managing digital assets. Each of these actions requires an appropriate license in the company's country of registration. However, there are scenarios where a cryptocurrency management license is not required. Let's look at this issue closely with Antwort Law, which specializes in supporting cryptocurrency projects.
25.12.2023, 10:53
Will artificial intelligence replace lawyers in the future?
In the modern world, the use of artificial intelligence has become more and more widespread, various industries use artificial intelligence to facilitate their work, and the field of jurisprudence is no exception. So, let's analyze in this article whether artificial intelligence will still be able to replace the work of lawyers in the near future. Let's analyze the concept of artificial intelligence (AI), understand whether AI is an object of intellectual property, and evaluate the risks and advantages of artificial intelligence in the work of lawyers.
03.01.2024, 12:22
Benefits of connecting a local number for foreign businesses
When opening an account for a foreign company, it is very important to consider modern banking circumstances. Our practice shows that a local corporate number is an integral part of the successful functioning of a company for two key reasons, which we will discuss in our article using the example of a company in the USA.
11.01.2024, 16:30
Legal address for a company abroad
When registering a company abroad, one of the key issues is choosing a legal address. This strategic decision impacts many aspects of business - from the convenience of opening bank accounts to streamlining the process of receiving and sending important corporate correspondence.
15.01.2024, 10:04
Purchase of a ready-made foreign company
In the context of international business, not all entrepreneurs know that to launch a company abroad, it is unnecessary to do everything from scratch - from registering and obtaining a legal address to opening a bank account. There is an effective alternative - the acquisition of a turnkey company. In our article, we reveal why this option may be attractive for whom, what potential difficulties may arise, and how to implement this process.
22.01.2024, 10:58
Loans in the UAE: Legal Aspects and Regulation
When it comes to financial operations in such a dynamically developing economic center as the United Arab Emirates, understanding and complying with local lending legislation becomes critically important. The complexity and variety of financial products available in the UAE require careful consideration and the right approach for both individual borrowers and corporate entities. In this article, we will examine the main aspects of lending in the UAE, covering rules and regulations that companies aiming for successful business operations in the region must consider.
24.01.2024, 14:53
Taxation Features in the UAE: The New Corporate Tax
The United Arab Emirates has always been a magnet for international business, thanks to its zero corporate tax policy. However, in the context of global economic integration and efforts to combat international tax evasion, the UAE government has decided to implement a new system of this direct tax, levied on a company's net income, starting from June 1, 2023.
01.02.2024, 13:04
Electronic signatures, their advantages and prospects
In this article we will look at the essence of an electronic signature and its impact on the modern digital world. We will highlight the types of electronic signatures and the advantages of their use, as well as legislative aspects regarding them. We will reveal the principles of operation, as well as the role in ensuring the confidentiality and integrity of information. Get ready to dive into the exciting world of electronic signatures with us.
05.02.2024, 11:40
Why might a local business need a foreign company?
The rapidly changing geopolitical situation, the growth of international markets and the search for new ways to increase sales are drawing the attention of entrepreneurs to the possibility of opening a foreign company. In this article we will consider in what cases a local business really needs a foreign company.
06.02.2024, 15:13
E-2 visa to the USA – why is this type of visa most convenient for businessmen?
A developed economy, a favorable business climate, an innovative culture and a large consumer market make the United States one of the most attractive countries for doing business. The United States provides several types of visas that allow foreigners to conduct business in the country. In the article we will give a brief overview of popular visas and pay special attention to the E-2 visa (Treaty Investor Visa), its advantages for an entrepreneur, features and conditions for obtaining.
12.02.2024, 10:23
Policies for the company website: which ones and who needs them
If your foreign company offers goods or services on its website, and even if it uses it solely as a platform for publishing news, it is important to have all the necessary documentation for the legal and safe operation of this platform. It is not just a recommendation but a critical element to ensure company protection and compliance with international laws. Some companies work without these documents, but, as a rule, this lasts until the first dissatisfied client or inspection by a regulatory authority.
12.02.2024, 14:06
Updating corporate documents of foreign companies: necessity or formality?
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.
15.02.2024, 11:09
Registering a merchant company on Amazon: why do you need the help of a lawyer
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.
19.02.2024, 10:16
Is registration of a company in the USA the best solution for an IT startup?
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%.
21.02.2024, 08:27
Bank account for a crypto company abroad
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.
22.02.2024, 09:00
Protecting software abroad: legal aspects
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.
26.02.2024, 15:34
Ukrainian business in the conditions of war and why businessmen are forced to open companies abroad
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.
29.02.2024, 09:31
Referral programs and pyramids: How do you determine legality?
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.
04.03.2024, 11:05
Choosing a free zone for registering a company in the UAE
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.
05.03.2024, 11:33
Companies in the UAE are starting to be fined for not registering for corporate tax!
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.
06.03.2024, 13:25
How to open a local bank account for a UK company
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.
07.03.2024, 09:57
How do you register a company in the UAE?
Registering a company in the UAE is an opportunity to enter the global market with minimal tax obligations. This country provides zero or very low-income tax, fast registration, 100% company control, modern infrastructure, and the possibility of obtaining a resident visa. Antwort Law specializes in providing clients with everything they need to launch a successful international business in the UAE. Let's look at the basic stages of registering a company in this country.
11.03.2024, 09:31
Online platform UAE Legislation: convenient access to all laws
The UAE is known for its Arabic culture, and many entrepreneurs are concerned about local legislation's peculiarities. However, we note that, despite its special traditions, the country is open and secular and, in many aspects of the legislation, is even ahead of advanced Western countries.
13.03.2024, 11:36
Why is buying a ready-made company in Spain more profitable?
If you want to start a business in Spain, setting up a company from scratch can take significant time and resources. However, with Antwort Law, you can bypass this complexity by acquiring an existing company from among the promising offers. Let's look at the main advantage of this approach compared to starting a new company.
20.03.2024, 10:52
International trust in the UAE has increased: the country's removal from the FATF gray list
The UAE has taken a significant step in strengthening its status in the global economy: the country was removed from the Financial Action Task Force (FATF) gray list, an international organization that develops and promotes measures to combat money laundering and terrorist financing. The decision was taken at the last FATF meeting held in Paris on February 23, 2024. Thus, the international regulator recognized the efforts of the UAE in the field of ensuring financial stability and security.
21.03.2024, 11:03
Choosing a place to register a business: Europe, Asia, USA or UAE?
Opening a business in another country is becoming increasingly accessible and attractive to entrepreneurs. The choice of location for a business is determined by many factors. In this article, the Antwort Law team will look at the importance of choosing the right location to open a business in Europe, Asia, the United States of America and the United Arab Emirates.
25.03.2024, 12:13
The process of obtaining an Emirates ID in the UAE: a detailed guide
The UAE has a booming economy and a high standard of living. Obtaining resident status and opening bank accounts here will be an important step for those planning to invest or develop a business in the region. Antwort Law is happy to assist you at every stage of legal adaptation in the country of your business, and this article provides recommendations to facilitate the process of obtaining an identification document (ID) in the UAE and opening local bank accounts. This short guide will detail every step of this important process, providing you with all the necessary information and guidance.
27.03.2024, 07:52
Closing bank accounts of Russian citizens in the UAE in 2024
In 2024, UAE banks began closing accounts of Russian citizens. This news is causing serious concern among Russians building international businesses, raising many questions and causing uncertainty. Antwort Law seems necessary to understand this issue in such a difficult situation. Let's look at the possible reasons for the Russian citizens' accounts being closed in UAE banks.
01.04.2024, 14:34
Rules of substance (economic presence; substance ) of a company in the UAE: what do you need to know?
The United Arab Emirates (UAE) is attracting the attention of entrepreneurs and investors worldwide due to its favourable business climate and constant desire for development, reflected in zero income taxes, speed and automation of business processes. However, according to the UAE Economic Substance Rules, companies must maintain substance (economic presence) to operate in the UAE. Let's examine the UAE's main standard requirements for substance with Antwort Law.
03.04.2024, 11:28
Which visa is best for the UAE?
In a world where business opportunities are rapidly expanding, the United Arab Emirates (UAE) is becoming an integral part of the global economic landscape. Known for its financial centres, innovation and entrepreneurial spirit, the region is a magnet for businessmen and corporations worldwide. Before you enter this world of business, you need the key - a visa. This country provides a wide range of visa categories tailored to suit different purposes of visits, from tourism and business meetings to work and family reunions. Let's look with Antwort Law at the main types of visas available in the UAE, their characteristics, costs and recommendations for choosing the best option.
08.04.2024, 09:59
Buying real estate in the UAE: key steps and recommendations
The UAE is one of the most attractive places to live and invest globally. High technology, luxury and traditional oriental values are harmoniously combined here. Dubai, Abu Dhabi and other emirates offer incredible business, leisure and real estate investment opportunities. Purchasing a home here provides the owner with a comfortable and safe haven in one of the most developed corners of the planet and opens the door to many privileges. Let's look together with Antwort Law at how real estate is purchased and what it gives to its owner.
10.04.2024, 08:29
The impact of Ramadan on business in the UAE: our experience and advice
Ramadan is a holy month for the Muslim world, a time of deep spirituality, self-exploration and renewal of faith, during which strict fasting is observed from dawn to dusk. In the UAE, where Muslims comprise a significant portion of the population, Ramadan greatly impacts business and the economy. For many companies, this is a period of change in the rhythm of work, customer relationships and marketing strategies. Our Antwort Law office in Dubai is also certainly feeling the impact of this period on our work, and we are happy to share how.
15.04.2024, 09:50
How to buy a shelf company in the UK
The UK is one of the most popular jurisdictions, and its business reputation, climate, entrepreneurial culture, and government preferences enable entrepreneurs to develop their businesses immediately at the international level. However, starting a company here may take more time and effort than it might seem at first glance, but rather a rather long process that will distract you from starting a business. If time is valuable to you, Antwort Law is ready to offer the best solution - purchasing a company already registered and prepared to work in the UK.
17.04.2024, 13:59
Doing business in the UAE: cultural and legal features
The UAE, a country of seven emirates on the Persian Gulf coast, has emerged in recent decades as an important international hub for business and investment. Its favorable business environment, attractive tax system and strategic location attract entrepreneurs from all over the world. However, when doing business in the UAE, it is necessary to take into account both the cultural and legal features of this country, on the understanding of which your success depends. Let's take a closer look at these aspects with Antwort Law.
22.04.2024, 08:42
How to close a company in the UAE?
Change is an inevitable factor in the world of business and investment, and in some cases companies are forced to go through the process of liquidation due to various circumstances: change in strategy, unwillingness to continue operations or other reasons. In the UAE, where business goes hand in hand with rapid development, winding up a company requires strict adherence to laws and procedures. Antwort Law talks about the stages and requirements of this procedure for those facing the need to liquidate their enterprise in the UAE.
24.04.2024, 09:20
Offshores: is it worth registering in 2024?
In 2024, the topic of offshore companies continues to be the focus of attention of entrepreneurs and investors worldwide due to the optimisation of taxes, confidentiality and simplified corporate reporting of such structures. However, global changes in international tax regulation and transparency policies are forcing us to rethink strategies for doing business through offshore companies. Antwort Law has extensive experience working with offshore jurisdictions. We will happily tell you what factors should be considered in 2024 before registering such a company.
29.04.2024, 11:51
How to choose a local office in the UAE
The United Arab Emirates (UAE) continues to be one of the most attractive destinations for international business and choosing office space here is an important consideration that requires careful consideration and careful planning. As experts in the UAE, Antwort Law is pleased to advise clients and visitors to our website in this area.
30.04.2024, 13:56
Advertising in Dubai: how to coordinate your advertising with government agencies
The United Arab Emirates is known for its vibrant market, which attracts many international brands and entrepreneurs. However, advertising campaigns in this country are subject to strict control by government agencies. Antwort Law provides a short guide to advertising approvals based on recommendations from the Knowledge and Human Development Authority (KHDA), which regulates educational institutions in Dubai.
06.05.2024, 11:18
The cost of registering companies in Britain has increased from May 1, 2024!
The cost of registering companies in Britain has increased from May 1, 2024! This is due to the increase in official fees of the Register of Companies of Great Britain - Companies House. Also, the price increase affected other services of the Register, such as making changes, submitting reports and liquidating the company. Depending on the specific service, the cost of official fees has increased by 2-3 times.
08.05.2024, 10:48
Business abroad: tax aspects and advice
Now many people want or are forced to start a new life abroad, and start by starting their own business. This requires an understanding of foreign tax rules and laws. Therefore, the Antwort Law team has prepared a useful article for entrepreneurs just starting their journey abroad.
09.05.2024, 10:40
New AML package
Antwort Law provides an overview of the European Union's new anti-money laundering (AML) and counter-terrorism financing package, which was approved by the European Parliament on 24 April 2024.
