Company Express https://company-express.com/ Company formation Tue, 20 Oct 2020 13:36:17 +0000 en-GB hourly 1 https://wordpress.org/?v=6.3.5 More than 90% of Europe businesses ‘unprepared for GDPR’ https://company-express.com/news/90-europe-businesses-unprepared-gdpr/?utm_source=rss&utm_medium=rss&utm_campaign=90-europe-businesses-unprepared-gdpr https://company-express.com/news/90-europe-businesses-unprepared-gdpr/#respond Tue, 05 Dec 2017 09:02:38 +0000 https://company-express.com/?p=11255 Businesses across Europe are unprepared for the EU’s General Data Protection Regulation (GDPR), which comes into force next May, with some 92% of business managers saying they’re not ready for it, according to just-published research carried out on behalf of RSM, the global accountancy firm and consultancy. The research, based on a survey completed by some 400 business leaders, was carried out ...

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Residence-based tax regime ‘would be revenue-neutral’ for US: research https://company-express.com/news/residence-based-tax-regime-revenue-neutral-us-research/?utm_source=rss&utm_medium=rss&utm_campaign=residence-based-tax-regime-revenue-neutral-us-research https://company-express.com/news/residence-based-tax-regime-revenue-neutral-us-research/#respond Fri, 10 Nov 2017 09:56:37 +0000 https://company-express.com/?p=11247 If the US were to replace its citizenship-based taxation regime with one that is based on an individual’s jurisdiction of residency – like almost the entire rest of the world uses – it could be “revenue neutral”, a just-released survey commissioned by the  American Citizens Abroad Global Foundation has found. The findings are seen as of potentially major significance for ...

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Gibraltar Adopts Legal Services Act https://company-express.com/news/gibraltar-adopts-legal-services-act/?utm_source=rss&utm_medium=rss&utm_campaign=gibraltar-adopts-legal-services-act https://company-express.com/news/gibraltar-adopts-legal-services-act/#respond Mon, 02 Oct 2017 12:35:53 +0000 https://company-express.com/?p=6789 Gibraltar’s parliament has passed a new Legal Services Act, to modernize the legal framework for legal professionals. The Government said the new law replaces existing legislation based on provisions that are 50 years old. Announcing the new regulatory framework, Gibraltar’s Government and its Bar Council said the Act, when it enters into force, will “ensure a more comprehensive, modern, and ...

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Report: ‘Could Puerto Rico be world’s next hot tax haven?’ https://company-express.com/news/report-puerto-rico-worlds-next-hot-tax-haven/?utm_source=rss&utm_medium=rss&utm_campaign=report-puerto-rico-worlds-next-hot-tax-haven https://company-express.com/news/report-puerto-rico-worlds-next-hot-tax-haven/#respond Mon, 04 Sep 2017 10:37:34 +0000 https://company-express.com/?p=6466 A financial legal structure created in the West Indies’ island of Puerto Rico in 2012 has enticed a wave of private bankers to set up shop there, leading some to suggest that the offshore territory of the US could become the world’s “next hot tax haven”, a published report has said. What is attracting the banks is legislation that has ...

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Jersey Regulator Proposes Code of Practice Changes https://company-express.com/news/jersey-regulator-proposes-code-practice-changes/?utm_source=rss&utm_medium=rss&utm_campaign=jersey-regulator-proposes-code-practice-changes https://company-express.com/news/jersey-regulator-proposes-code-practice-changes/#respond Mon, 07 Aug 2017 12:51:17 +0000 https://company-express.com/?p=6462 Jersey’s financial services regulator, the Jersey Financial Services Commission, is consulting on proposed changes to the Codes of Practice that registered persons on the island must comply with. The Codes of Practice are issued by the Commission and set out regulatory requirements for registered persons, including funds, insurers, deposit-takers, and other entities. Contravention of a Code of Practice can result ...

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Netherlands is one of the main jurisdictions for assets transfer to offshore jurisdiction https://company-express.com/news/netherlands-one-main-jurisdictions-assets-transfer-offshore-jurisdiction/?utm_source=rss&utm_medium=rss&utm_campaign=netherlands-one-main-jurisdictions-assets-transfer-offshore-jurisdiction https://company-express.com/news/netherlands-one-main-jurisdictions-assets-transfer-offshore-jurisdiction/#respond Fri, 28 Jul 2017 12:33:19 +0000 https://company-express.com/?p=6458 According to University of Amsterdam study, Netherlands takes the first place in the list of jurisdictions for money transfer to zero or low tax jurisdictions. The authors of study have concluded that 47% of all money transferred to low or zero tax jurisdictions go through top 5 countries: Netherlands (23%), United Kingdom (14%), Switzerland (6%), Singapore (2%) and Ireland (1%). ...

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Luxembourg’s tax regime was praised by OECD https://company-express.com/news/luxembourgs-tax-regime-praised-oecd/?utm_source=rss&utm_medium=rss&utm_campaign=luxembourgs-tax-regime-praised-oecd https://company-express.com/news/luxembourgs-tax-regime-praised-oecd/#respond Tue, 25 Jul 2017 13:46:57 +0000 https://company-express.com/?p=6455 In recently published OECD Luxembourg’s economic survey the jurisdiction’s tax regime was praised for its predictability. The OECD assessed that Luxembourg’s economy is growing also due to business-friendly environment. Government is able to reduce corporate income tax, and to introduce new tax credits for investors. The corporate tax currently is 19 percent and will decrease to 18 in the next ...

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EU and Japan agree on a free trade deal https://company-express.com/news/eu-japan-agree-free-trade-deal/?utm_source=rss&utm_medium=rss&utm_campaign=eu-japan-agree-free-trade-deal https://company-express.com/news/eu-japan-agree-free-trade-deal/#respond Mon, 17 Jul 2017 11:23:39 +0000 https://company-express.com/?p=6402 European Union and Japan on 6th of July agreed to a free trade pact. The deal was finalised by signing political agreement. Although there are certain issues that are being left for future negotiations, still the main consensus was reached this week. The negotiations for what will be known as EU-Japan Economic Partnership Agreement began in 2012. According to Japanese ...

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Eastern approaches https://company-express.com/news/eastern-approaches/?utm_source=rss&utm_medium=rss&utm_campaign=eastern-approaches https://company-express.com/news/eastern-approaches/#respond Mon, 29 May 2017 12:35:33 +0000 https://company-express.com/?p=6288 Joseph A. Field discusses asset management and asset protection challenges and opportunities in China and, more widely, for the Chinese I am afraid that my speciality is not asset management; I am a lawyer. Nor am I situated in China, and I do not tend to deal with investors solely interested in domestic investment in China. That being said, the ...

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Shanghai Free Trade Zone development plans https://company-express.com/news/shanghai-free-trade-zone-development-plans/?utm_source=rss&utm_medium=rss&utm_campaign=shanghai-free-trade-zone-development-plans https://company-express.com/news/shanghai-free-trade-zone-development-plans/#respond Mon, 22 May 2017 11:31:29 +0000 https://company-express.com/?p=6285 China’s State Council has agreed to plans of the liberalization of the Shanghai Free Trade Zone. This comes as part of the government’s initiative to increase China’s involvement in global trade flows. The plan approved by the State is for the period to 2020 is aimed at advancement of the transparency and innovation as well as offshore tax arrangements. The ...

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Cayman Islands and UK gov’ts streamline beneficial ownership dealings https://company-express.com/news/cayman-islands-uk-govts-streamline-beneficial-ownership-dealings/?utm_source=rss&utm_medium=rss&utm_campaign=cayman-islands-uk-govts-streamline-beneficial-ownership-dealings https://company-express.com/news/cayman-islands-uk-govts-streamline-beneficial-ownership-dealings/#respond Wed, 03 May 2017 12:27:27 +0000 https://company-express.com/?p=6233 The Cayman Islands government’s plans to “enhance its existing arrangements” with the UK government, on the exchange of beneficial ownership information in relation to Cayman Islands companies have been published. The proposed enhancement, was originally signalled in December 2015 and introduced in April last year, following months of discussions between the UK and Cayman Islands authorities, is now live and ...

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MEPs vote to include all trusts in beneficial ownership registers https://company-express.com/news/meps-vote-include-trusts-beneficial-ownership-registers/?utm_source=rss&utm_medium=rss&utm_campaign=meps-vote-include-trusts-beneficial-ownership-registers https://company-express.com/news/meps-vote-include-trusts-beneficial-ownership-registers/#respond Thu, 06 Apr 2017 09:01:41 +0000 https://company-express.com/?p=6117 All trusts held within the European Union could be forced to name beneficial owners if new rules proposed by the European Parliament are formally approved later this month. Two European Parliament committees have voted to amend the Fourth EU Anti-Money Laundering Directive (AMLD), which will require trusts and trust-like entities to publicly identify their beneficial owners. The original form of the directive was ...

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There will be tax cuts for Chinese companies https://company-express.com/news/will-tax-cuts-chinese-companies/?utm_source=rss&utm_medium=rss&utm_campaign=will-tax-cuts-chinese-companies https://company-express.com/news/will-tax-cuts-chinese-companies/#respond Wed, 22 Mar 2017 13:36:01 +0000 https://company-express.com/?p=6106 China’s National People’s Congress last week has agreed to proposals to ease taxes on businesses by over USD50.7bn. For instance, for small and medium high-tech businesses, the proportion of research and development expenses covered by the additional tax reduction is to be raised to 75 percent from initial 50. The Chinese Finance Minister Xiao Jie has announced earlier that the ...

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Bahrain is implementing new corporate rules that allow for unrestricted foreign ownership https://company-express.com/news/bahrain-implementing-new-corporate-rules-allow-unrestricted-foreign-ownership/?utm_source=rss&utm_medium=rss&utm_campaign=bahrain-implementing-new-corporate-rules-allow-unrestricted-foreign-ownership https://company-express.com/news/bahrain-implementing-new-corporate-rules-allow-unrestricted-foreign-ownership/#respond Fri, 03 Mar 2017 13:59:23 +0000 https://company-express.com/?p=6100 The Kingdom of Bahrain is making changes to its corporate laws and government procedures to allow for easier company incorporation and administration. The changes will also ease restrictions on foreign ownership. The Bahrain government announced that it is to allow 100% foreign ownership in most business activities. All types of Bahraini companies give the shareholders or the directors an Investor’s ...

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Double tax agreement between Hong Kong & Belarus https://company-express.com/news/double-tax-agreement-hong-kong-belarus/?utm_source=rss&utm_medium=rss&utm_campaign=double-tax-agreement-hong-kong-belarus https://company-express.com/news/double-tax-agreement-hong-kong-belarus/#respond Fri, 20 Jan 2017 13:44:36 +0000 https://company-express.com/?p=5990 Under a signed new double tax agreement Hong Kong and Belarus have agreed to lower withholding tax rates on cross-border income. Any Belarusian tax paid by Hong Kong companies will generally be allowed as a credit against the tax payable in Hong Kong on the same profits, and vice versa for Belarusian companies in Hong Kong. In addition, Belarus’s withholding ...

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Double Taxation Agreement between Hong Kong & Russia enters into force https://company-express.com/news/double-taxation-agreement-hong-kong-russia-enters-force/?utm_source=rss&utm_medium=rss&utm_campaign=double-taxation-agreement-hong-kong-russia-enters-force https://company-express.com/news/double-taxation-agreement-hong-kong-russia-enters-force/#respond Mon, 29 Aug 2016 06:49:25 +0000 https://company-express.com/?p=5528 The double taxation agreement between two jurisdictions was signed in January this year and entered into force at the end of July. In Hong Kong the year of assessment for it is 2017/2018. The agreement’s aim is to support the Chinese Government ongoing efforts to expand its tax treaty network among Eurasian countries. Under the agreement, double taxation of Hong ...

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British government has issued its first license for Bitcoin Company https://company-express.com/news/british-government-issued-first-license-bitcoin-company/?utm_source=rss&utm_medium=rss&utm_campaign=british-government-issued-first-license-bitcoin-company https://company-express.com/news/british-government-issued-first-license-bitcoin-company/#respond Fri, 17 Jun 2016 08:16:28 +0000 https://company-express.com/?p=5366 UK government, while pursuing its goal to make London a hub for the financial technology development, has had gone through first licensing of a virtual currency company. UK’s financial regulator granted an electronic money license to a USA company that uses Bitcoin in conjunction with a mobile app.  The app enables consumers to make payments to other consumers. The company ...

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Jurisdiction of the month: BVI https://company-express.com/news/jurisdiction-month-bvi/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction-month-bvi https://company-express.com/news/jurisdiction-month-bvi/#respond Mon, 04 Apr 2016 07:32:58 +0000 https://company-express.com/?p=5038 Geography, Population, Languages The British Virgin Islands (BVI) are located in the West Indies, in the Eastern Caribbean. They are a group of small islands and coral reefs (about 100 in all) in the northern part of the Lesser Antilles archipelago, to the East of Puerto Rico. The BVI lie to the North-West of the United States Virgin Islands and ...

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FATCA Exemption Clause: Switzerland & USA https://company-express.com/news/fatca-exemption-clause-switzerland-usa/?utm_source=rss&utm_medium=rss&utm_campaign=fatca-exemption-clause-switzerland-usa https://company-express.com/news/fatca-exemption-clause-switzerland-usa/#respond Fri, 25 Mar 2016 12:30:49 +0000 https://company-express.com/?p=4985 USA and Switzerland have reached an agreement regarding the Foreign Account Tax Compliance Act (FATCA) exemption for accounts held by lawyers or notaries. According to the newly inserted clause, accounts held for specific purposes by notaries or lawyers for their clients will be excluded from the scope of the application of FATCA. The institution maintaining the account will not need ...

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Jurisdiction of the month: St. Vincent https://company-express.com/news/jurisdiction-month-st-vincent/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction-month-st-vincent https://company-express.com/news/jurisdiction-month-st-vincent/#respond Tue, 02 Feb 2016 09:36:59 +0000 https://company-express.com/?p=4802 Geography, Population, Languages Saint Vincent and the Grenadines consists of a group of 18 small islands in the Windward Islands of the Eastern Caribbean. St. Vincent, the main island is 29 km long and 18 km wide, and is located 161 km west of Barbados. The Grenadines, a chain of nearly 600 islets with a total area of only 27 ...

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Seychelles Company Register https://company-express.com/news/seychelles-company-register/?utm_source=rss&utm_medium=rss&utm_campaign=seychelles-company-register https://company-express.com/news/seychelles-company-register/#respond Tue, 26 Jan 2016 07:32:59 +0000 https://company-express.com/?p=4812 To begin with, the Seychelles is a group of islands in the Indian Ocean. It‘s financial sector has expanded, thanks to the progressive laws. The Seychelles have successfully developed as an alternative to offshore jurisdictions such as British Virgin Islands or other well-known places for it’s business – friendly and tax – free environment. The Seychelles offers successful offshore formation ...

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Ready Made Companies For Sale https://company-express.com/news/ready-made-companies-sale/?utm_source=rss&utm_medium=rss&utm_campaign=ready-made-companies-sale https://company-express.com/news/ready-made-companies-sale/#respond Tue, 19 Jan 2016 07:31:59 +0000 https://company-express.com/?p=4810 There is a great possibility to start your own bussines by buying a shelf company, which is better known as a ready made company. Shelf Companies are simply ready – made companies that are pre-registered with the Companies House by your choice. The best things about this kind of companies are two: you can buy them easily and start your ...

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The main thing you might need to know about BVI register of companies https://company-express.com/news/main-thing-might-need-know-bvi-register-companies/?utm_source=rss&utm_medium=rss&utm_campaign=main-thing-might-need-know-bvi-register-companies https://company-express.com/news/main-thing-might-need-know-bvi-register-companies/#respond Tue, 12 Jan 2016 07:33:59 +0000 https://company-express.com/?p=4814 To begin with, British Virgin Islands (BVI) are one of the greatest spots in the whole world to begin your own business, as it is called “tax heaven”, which means that the taxes are the lowest, so you can easily save up a lot of financial sources and become more successful with all the money you saved up, if you’re ...

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BVI Company Registry https://company-express.com/news/bvi-company-registry/?utm_source=rss&utm_medium=rss&utm_campaign=bvi-company-registry https://company-express.com/news/bvi-company-registry/#respond Tue, 05 Jan 2016 07:30:10 +0000 https://company-express.com/?p=4807 International Business Company known as “offshore company” is a corporation or a company which is registered in offshore financial centre. Companies have different reasons why company use offshore jurisdictions but the main reasons are tax minimization, confidentiality and protection. Most of the time corporations are searching for a safe place to optimize their taxes, protect assets and investments. British Virgin ...

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Jurisdiction of the month: Nevis https://company-express.com/news/jurisdiction-of-the-month-nevis/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction-of-the-month-nevis https://company-express.com/news/jurisdiction-of-the-month-nevis/#respond Mon, 05 Oct 2015 13:54:22 +0000 https://company-express.com/?p=3543 The Federation of St. Kitts and Nevis is located in the eastern Caribbean, approximately 2,000 km south-east of Miami. The Federation comprises two islands: Nevis, with an area of 93.2 sq. km and St. Kitts (St. Christopher), with an area of 168.4 sq. km. The total area is 261.6 sq. km. The population is about 45,000. The official language is ...

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Microsoft’s offshore profit pile increases past $100 billion https://company-express.com/news/microsofts-offshore-profit-pile-increases-past-100-billion/?utm_source=rss&utm_medium=rss&utm_campaign=microsofts-offshore-profit-pile-increases-past-100-billion https://company-express.com/news/microsofts-offshore-profit-pile-increases-past-100-billion/#respond Mon, 31 Aug 2015 08:35:08 +0000 https://company-express.com/?p=3190 According to the securities filing last month Microsoft crossed the $100 billion mark, making it the second U.S. corporation — after General Electric Co. — to do so. According to the U.S. tax code, the company would be required to pay the difference between its foreign taxes and the 35 percent U.S. corporate tax rate if it decided to bring ...

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Time required to registered a Cyprus company has been shortened https://company-express.com/news/time-required-to-registered-a-cyprus-company-has-been-shortened/?utm_source=rss&utm_medium=rss&utm_campaign=time-required-to-registered-a-cyprus-company-has-been-shortened https://company-express.com/news/time-required-to-registered-a-cyprus-company-has-been-shortened/#respond Wed, 29 Jul 2015 07:06:04 +0000 https://company-express.com/?p=2678 In the interview to state radio Cyprus Minister of Energy, Commerce, Industry and Tourism Yiorgros Lakkotrypis said that the time required for the registration of a company has been improved. Now it should take up to a three days maximum for applications that are properly filled in. The minister said  that it should take 24 hours if applications are submitted ...

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Stockholder* https://company-express.com/offshore-glossary/stockholder/?utm_source=rss&utm_medium=rss&utm_campaign=stockholder https://company-express.com/offshore-glossary/stockholder/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/stockholder/ Stockholder* A person or organization that owns one or more shares of stock in a corporation. Same as shareholder.

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Stock Transfer Book* https://company-express.com/offshore-glossary/stock-transfer-book/?utm_source=rss&utm_medium=rss&utm_campaign=stock-transfer-book https://company-express.com/offshore-glossary/stock-transfer-book/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/stock-transfer-book/ Stock Transfer Book* A record book where all the owners of shares of stock in a corporation are listed.

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Subscribers* https://company-express.com/offshore-glossary/subscribers/?utm_source=rss&utm_medium=rss&utm_campaign=subscribers https://company-express.com/offshore-glossary/subscribers/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/subscribers/ Subscribers* Persons who agree under specific conditions to purchase shares of a corporation.

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Subscription* https://company-express.com/offshore-glossary/subscription/?utm_source=rss&utm_medium=rss&utm_campaign=subscription https://company-express.com/offshore-glossary/subscription/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/subscription/ Subscription* The agreement of a shareholder to buy specified number of non-issued shares of a corporation.

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Subsidiary* https://company-express.com/offshore-glossary/subsidiary/?utm_source=rss&utm_medium=rss&utm_campaign=subsidiary https://company-express.com/offshore-glossary/subsidiary/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/subsidiary/ Subsidiary* The parent or holding company owns the majority of the voting shares of another company. Thus, the subsidiary is wholly or partially owned and controlled by another company. A foreign subsidiary is a separately incorporated entity under the host country’s law.

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Surplus* https://company-express.com/offshore-glossary/surplus/?utm_source=rss&utm_medium=rss&utm_campaign=surplus https://company-express.com/offshore-glossary/surplus/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/surplus/ Surplus* A general term in corporate accounting that usually refers to either the extent to which assets exceed liabilities or that amount further reduced by the stated capital represented by issued shares.

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Tax Haven https://company-express.com/offshore-glossary/tax-haven/?utm_source=rss&utm_medium=rss&utm_campaign=tax-haven https://company-express.com/offshore-glossary/tax-haven/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/tax-haven/ Tax Haven – An international banking and financial centre providing privacy and tax benefits.

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Trust https://company-express.com/offshore-glossary/trust/?utm_source=rss&utm_medium=rss&utm_campaign=trust https://company-express.com/offshore-glossary/trust/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/trust/ Trust – An entity created for the purpose of protecting and conserving assets for the benefit of a third party, the beneficiary. A contract affecting three parties, the settlor, the trustee and the beneficiary. A trust protector is optional but recommended, as well. In the trust, the settlor transfers asset ownership to the trustee on behalf of the beneficiaries.

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Trust Deed https://company-express.com/offshore-glossary/trust-deed/?utm_source=rss&utm_medium=rss&utm_campaign=trust-deed https://company-express.com/offshore-glossary/trust-deed/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/trust-deed/ Trust Deed (Declaration of Trust) – The document that creates a trust and lays down the ways of how the trustees should conduct administration and management of the trust, and how they are to distribute trust assets among the beneficiaries.

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Trust Protector https://company-express.com/offshore-glossary/trust-protector/?utm_source=rss&utm_medium=rss&utm_campaign=trust-protector https://company-express.com/offshore-glossary/trust-protector/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/trust-protector/ Trust Protector – A person appointed by the settlor to oversee the trust on behalf of the beneficiaries. In many jurisdictions, local trust laws define the concept of the trust protector. Has veto power over the trustee with respect to discretionary matters but no say with respect to issues unequivocally covered in the trust deed. Trust decisions are the trustee’s ...

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Trustee https://company-express.com/offshore-glossary/trustee/?utm_source=rss&utm_medium=rss&utm_campaign=trustee https://company-express.com/offshore-glossary/trustee/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/trustee/ Trustee – A person who administers and manages the property transferred in a Trust. Trustee becomes a legal owner of the property, and has a fiduciary responsibility to act in accordance with a trust deed and for the benefit of the beneficiary.

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The Statute of Elizabeth https://company-express.com/offshore-glossary/the-statute-of-elizabeth/?utm_source=rss&utm_medium=rss&utm_campaign=the-statute-of-elizabeth https://company-express.com/offshore-glossary/the-statute-of-elizabeth/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/the-statute-of-elizabeth/ The Statute of Elizabeth – It was enacted in 1576 by the Queen Elizabeth I. The Statute voids a transfer to a trust if the transfer could be interpreted as intention to hinder, delay, or defraud creditors, including potential future creditors. Some Offshore Financial Centers (i.e. Nevis) declared The Statute of Elizabeth null and void in their trust legislation.

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Takeover* https://company-express.com/offshore-glossary/takeover/?utm_source=rss&utm_medium=rss&utm_campaign=takeover https://company-express.com/offshore-glossary/takeover/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/takeover/ Takeover* Acquiring control of a corporation, called a target, by stock purchase or exchange, it can be either a friendly acquisition or an unfriendly, hostile situation, caused by a large creditor at the objection of the current owner.

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Target Company* https://company-express.com/offshore-glossary/target-company/?utm_source=rss&utm_medium=rss&utm_campaign=target-company https://company-express.com/offshore-glossary/target-company/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/target-company/ Target Company* A company that is the object of a takeover by another firm.

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The post Target Company* appeared first on Company Express.

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Tax-exempt organization* https://company-express.com/offshore-glossary/tax-exempt-organization/?utm_source=rss&utm_medium=rss&utm_campaign=tax-exempt-organization https://company-express.com/offshore-glossary/tax-exempt-organization/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/tax-exempt-organization/ Tax-exempt organization* Any organization that is determined by the Internal Revenue Service to be exempt from federal taxation of income. A tax-exempt may be required to operate exclusively for charitable, religious, literary, educational or similar types of purposes.

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Trademark* https://company-express.com/offshore-glossary/trademark/?utm_source=rss&utm_medium=rss&utm_campaign=trademark https://company-express.com/offshore-glossary/trademark/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/trademark/ Trademark* A distinctive name, symbol, motto, or design that legally identifies a company or its products and services, or a certificate issued for such identification by the federal government for a specified period of time, granting the right to prevent competitors from using similar marks in selling or advertising. Trademarks may be registered with the US Patent and Trademark Office.

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Treasury Stock* https://company-express.com/offshore-glossary/treasury-stock/?utm_source=rss&utm_medium=rss&utm_campaign=treasury-stock https://company-express.com/offshore-glossary/treasury-stock/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/treasury-stock/ Treasury Stock* Common stock that was once issued and outstanding, but have been reacquired by the company and held in the company’s treasury to be retired or resold to the public.

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The post Treasury Stock* appeared first on Company Express.

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Withholding Tax https://company-express.com/offshore-glossary/withholding-tax/?utm_source=rss&utm_medium=rss&utm_campaign=withholding-tax https://company-express.com/offshore-glossary/withholding-tax/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/withholding-tax/ Withholding Tax – Tax required to be deducted at source by companies paying interest, dividends or royalties, but which may in certain circumstances be reclaimed by the recipient or be reduced under a double taxation agreement/tax treaties.

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Watered Stock* https://company-express.com/offshore-glossary/watered-stock/?utm_source=rss&utm_medium=rss&utm_campaign=watered-stock https://company-express.com/offshore-glossary/watered-stock/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/watered-stock/ Watered Stock* A stock representing ownership in a corporation whose total worth is less than the actual invested capital. It may result in problems of low liquidity, inadequate return on investment, and low market value.

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Winding Up* https://company-express.com/offshore-glossary/winding-up/?utm_source=rss&utm_medium=rss&utm_campaign=winding-up https://company-express.com/offshore-glossary/winding-up/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/winding-up/ Winding Up* The discharging of a corporation’s liabilities and the distributing of its remaining assets to its shareholders in connection with its dissolution.

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Withdrawal* https://company-express.com/offshore-glossary/withdrawal/?utm_source=rss&utm_medium=rss&utm_campaign=withdrawal https://company-express.com/offshore-glossary/withdrawal/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/withdrawal/ Withdrawal* The statutory procedure whereby a foreign corporation obtains the consent of a state to terminate its authority to transact business there.

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Qualification* https://company-express.com/offshore-glossary/qualification/?utm_source=rss&utm_medium=rss&utm_campaign=qualification https://company-express.com/offshore-glossary/qualification/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/qualification/ Qualification* The filing of required documents by a foreign corporation to secure a certificate of authority to conduct its business in a state other than the one in which it was incorporated. Limited liability companies or similar business entities may also conduct this process.

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Quorum* https://company-express.com/offshore-glossary/quorum/?utm_source=rss&utm_medium=rss&utm_campaign=quorum https://company-express.com/offshore-glossary/quorum/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/quorum/ Quorum* The minimum number of people who must be present or must provide a proxy to vote at a meeting in order for a vote to be legally effective. A quorum is achieved through a meeting of the majority of the directors or with the majority of outstanding shares represented. Note that the percentage needed for quorum may be modified ...

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Ultra Vires* https://company-express.com/offshore-glossary/ultra-vires/?utm_source=rss&utm_medium=rss&utm_campaign=ultra-vires https://company-express.com/offshore-glossary/ultra-vires/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/ultra-vires/ Ultra Vires* The common law doctrine relating to the effect of corporate acts that exceed the powers or the stated purposes of a corporation. Traditionally, if a corporation acted beyond its stated purposes, the actions were unenforceable against the corporation. However, most modern statutes allow corporate purposes to be any lawful activity.

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Unanimous Written Consent* https://company-express.com/offshore-glossary/unanimous-written-consent/?utm_source=rss&utm_medium=rss&utm_campaign=unanimous-written-consent https://company-express.com/offshore-glossary/unanimous-written-consent/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/unanimous-written-consent/ Unanimous Written Consent* Nearly in all states it is allowed for directors and shareholders to act without a meeting if they each give their consent to specific corporate actions in writing.

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Underwriter* https://company-express.com/offshore-glossary/underwriter/?utm_source=rss&utm_medium=rss&utm_campaign=underwriter https://company-express.com/offshore-glossary/underwriter/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/underwriter/ Underwriter* A company, usually an investment bank that purchases shares of a corporation and resells it to investors. In general, an intermediary that guarantees the proceeds to the firm from a security sale, thereby in effect taking ownership of the securities.

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Voluntary dissolution* https://company-express.com/offshore-glossary/voluntary-dissolution/?utm_source=rss&utm_medium=rss&utm_campaign=voluntary-dissolution https://company-express.com/offshore-glossary/voluntary-dissolution/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/voluntary-dissolution/ Voluntary dissolution* The intentional dissolution of a corporation by its own shareholders, incorporators or initial directors.

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Voting Right* https://company-express.com/offshore-glossary/voting-right/?utm_source=rss&utm_medium=rss&utm_campaign=voting-right https://company-express.com/offshore-glossary/voting-right/#respond Wed, 01 Jul 2015 10:16:42 +0000 https://company-express.com/dictionary/voting-right/ Voting Right* The right of a common stock shareholder to vote, in person or by proxy, for members of the board of directors and other matters of corporate policy, such as the issuance of senior securities, stock splits and substantial changes in operations.

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Resident Company https://company-express.com/offshore-glossary/resident-company/?utm_source=rss&utm_medium=rss&utm_campaign=resident-company https://company-express.com/offshore-glossary/resident-company/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/resident-company/ Resident Company – A company treated by the jurisdiction in which it is incorporated or in which it conducts commercial activities as resident for tax purposes or exchange control purposes or both.

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The post Resident Company appeared first on Company Express.

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Royalty https://company-express.com/offshore-glossary/royalty/?utm_source=rss&utm_medium=rss&utm_campaign=royalty https://company-express.com/offshore-glossary/royalty/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/royalty/ Royalty – All amounts received for the privilege of using intangibles such as patents, copyrights, secret processes and formulae, as well as amounts received for the privilege of exploiting mineral, oil and gas deposits.

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Record date* https://company-express.com/offshore-glossary/record-date/?utm_source=rss&utm_medium=rss&utm_campaign=record-date https://company-express.com/offshore-glossary/record-date/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/record-date/ Record date* The date for determining the shareholders entitled to vote at a meeting, receive declared dividends, capital gains distribution dividends, or participate in any corporate action. Also called date of record.

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Redeemable shares* https://company-express.com/offshore-glossary/redeemable-shares/?utm_source=rss&utm_medium=rss&utm_campaign=redeemable-shares https://company-express.com/offshore-glossary/redeemable-shares/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/redeemable-shares/ Redeemable shares* Shares that may be redeemed at the option of the issuer and/or the shareholder. They are subject to purchase by the corporation on terms set forth in the articles of incorporation.

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Reinstatement* https://company-express.com/offshore-glossary/reinstatement/?utm_source=rss&utm_medium=rss&utm_campaign=reinstatement https://company-express.com/offshore-glossary/reinstatement/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/reinstatement/ Reinstatement* Returning a corporation that has been administratively dissolved or had its certificate of authority revoked, to good standing on a state’s records.

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Resolution* https://company-express.com/offshore-glossary/resolution/?utm_source=rss&utm_medium=rss&utm_campaign=resolution https://company-express.com/offshore-glossary/resolution/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/resolution/ Resolution* A formal statement of a decision of any item of business that has been voted upon, reached by either the shareholders or directors of a corporation. A resolution may be written if all parties agree and sign it, or it may be made orally in a meeting on the basis of a number of votes cast and then recorded ...

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Retained Earnings* https://company-express.com/offshore-glossary/retained-earnings/?utm_source=rss&utm_medium=rss&utm_campaign=retained-earnings https://company-express.com/offshore-glossary/retained-earnings/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/retained-earnings/ Retained Earnings* Net profit kept in the company that accumulates as additional equity in the business after dividends are paid to stockholders. They can be reinvested in the core business or used to pay off debt. Also called Earned Surplus, Undistributed Earnings or Accumulated earnings.

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Revised Model Business Corporation Act* https://company-express.com/offshore-glossary/revised-model-business-corporation-act/?utm_source=rss&utm_medium=rss&utm_campaign=revised-model-business-corporation-act https://company-express.com/offshore-glossary/revised-model-business-corporation-act/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/revised-model-business-corporation-act/ Revised Model Business Corporation Act* A model corporation statute compiled by the American Bar Association that has been adopted in whole or in part by, or has influenced the statutes of many states.

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Settlor https://company-express.com/offshore-glossary/settlor/?utm_source=rss&utm_medium=rss&utm_campaign=settlor https://company-express.com/offshore-glossary/settlor/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/settlor/ The settlor (Creator or Grantor) – A person who actually creates a trust by donating property to be managed and administered by a trustee but from which all benefits and profits would go to a beneficiary.

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Shelf Company https://company-express.com/offshore-glossary/shelf-company/?utm_source=rss&utm_medium=rss&utm_campaign=shelf-company https://company-express.com/offshore-glossary/shelf-company/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/shelf-company/ Shelf Company (Ready-Made Company) – A company that previously has been organized with designated capital and registration cost paid and is placed on an inactive basis, with annual registration, capital and stamp duty fees currently paid but shares held in bearer form and the directors and officers substituted at the time the company is taken off the shelf and becomes ...

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Societe Anonyme https://company-express.com/offshore-glossary/societe-anonyme/?utm_source=rss&utm_medium=rss&utm_campaign=societe-anonyme https://company-express.com/offshore-glossary/societe-anonyme/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/societe-anonyme/ Societe Anonyme (SA) – A limited liability corporation established under French Law. Requires a minimum of seven shareholders. In Spanish speaking countries, it is known as the Sociedad Anonima. An important characteristic of both is that the liability of the shareholder is limited up to the amount of their capital contribution.

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Subsidiary Company https://company-express.com/offshore-glossary/subsidiary-company/?utm_source=rss&utm_medium=rss&utm_campaign=subsidiary-company https://company-express.com/offshore-glossary/subsidiary-company/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/subsidiary-company/ Subsidiary Company – A subsidiary company is a company under the control of another company through stock ownership.

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Suffix https://company-express.com/offshore-glossary/suffix/?utm_source=rss&utm_medium=rss&utm_campaign=suffix https://company-express.com/offshore-glossary/suffix/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/suffix/ Suffix – The name/abbreviation of letters after the company name to denote limited liability, for example: Limited, Corporation, Incorporated, Société Anonyme (France), Société par actions (France), Sociedad Anonima, Sociedade Anonima, Stiftung (Liechtenstein), Limitada, Aktiengesellschaft (Germany), Naamloze Vennootschap (The Netherlands), Aktieselskab (Denmark), Sociedad Berhad Anonima (Western Samoa), Berhad (Labuan), Sociedad Anónima de Inversión (Uruguay), AG (Germany), ApS, A/S (Denmark), BV (The ...

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S Corporation* https://company-express.com/offshore-glossary/s-corporation/?utm_source=rss&utm_medium=rss&utm_campaign=s-corporation https://company-express.com/offshore-glossary/s-corporation/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/s-corporation/ S Corporation* An S corporation is a form of corporation, allowed by the Internal Revenue Code (IRS). The code is very explicit on how and when this election is made and the number of shareholders this type of corporation can have. Since this type of corporation pays no income tax, all gains and losses of the corporation pass through to ...

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Scrip* https://company-express.com/offshore-glossary/scrip/?utm_source=rss&utm_medium=rss&utm_campaign=scrip https://company-express.com/offshore-glossary/scrip/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/scrip/ Scrip* A form used to represent ownership of fractional shares in lieu of issuing share certificates.

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Seal* https://company-express.com/offshore-glossary/seal/?utm_source=rss&utm_medium=rss&utm_campaign=seal https://company-express.com/offshore-glossary/seal/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/seal/ Seal (Corporate Seal)* A seal adopted and used by a corporation for authenticating its corporate acts and executing legal documents. Corporate seals are no longer required by many corporate statutes but are still a useful tool for authenticating corporate documents.

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Securities* https://company-express.com/offshore-glossary/securities/?utm_source=rss&utm_medium=rss&utm_campaign=securities https://company-express.com/offshore-glossary/securities/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/securities/ Securities* A document evidencing collateral for money loaned. Also, an investment instrument, other than an insurance policy or fixed annuity, issued by a corporation, government, or other organization which offers evidence of debt or equity. Securities are usually negotiable and therefore are regulated by both state and federal law. To prevent fraud, illegal acts and unsubstantial schemes, transactions in which ...

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Securities laws* https://company-express.com/offshore-glossary/securities-laws/?utm_source=rss&utm_medium=rss&utm_campaign=securities-laws https://company-express.com/offshore-glossary/securities-laws/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/securities-laws/ Securities laws* State and federal laws that govern the issuance, sale and transfer of stocks and bonds.

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Share* https://company-express.com/offshore-glossary/share/?utm_source=rss&utm_medium=rss&utm_campaign=share https://company-express.com/offshore-glossary/share/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/share/ Share* A unit of stock representing ownership of a corporation and sometimes a limited partnership. A share certificate issued by the corporation in the name of the person owning the share represents the number of shares owned by a particular shareholder. Two types are used: common stock and preferred stock. Par value represents the equivalent dollar amount equal to one ...

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Share exchange* https://company-express.com/offshore-glossary/share-exchange/?utm_source=rss&utm_medium=rss&utm_campaign=share-exchange https://company-express.com/offshore-glossary/share-exchange/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/share-exchange/ Share exchange* A statutory form of business combination in which some or all of the shares of one corporation are exchanged for some or all of the shares of another corporation and neither corporation ceases to exist.

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Shareholder* https://company-express.com/offshore-glossary/shareholder/?utm_source=rss&utm_medium=rss&utm_campaign=shareholder https://company-express.com/offshore-glossary/shareholder/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/shareholder/ Shareholder* A person or entity that owns one or more shares of stock in a corporation. For corporations, along with the ownership comes a right to declared dividends and the right to vote on certain company matters, including the board of directors. Shareholders own an interest in the corporation rather than specific corporate property. Their rights are defined in the ...

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Special meeting* https://company-express.com/offshore-glossary/special-meeting/?utm_source=rss&utm_medium=rss&utm_campaign=special-meeting https://company-express.com/offshore-glossary/special-meeting/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/special-meeting/ Special meeting* A meeting of directors or shareholders, but not an annual meeting, called so that the shareholders may act on the specific matters stated in the notice of the meeting.

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Sole Proprietorship* https://company-express.com/offshore-glossary/sole-proprietorship/?utm_source=rss&utm_medium=rss&utm_campaign=sole-proprietorship https://company-express.com/offshore-glossary/sole-proprietorship/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/sole-proprietorship/ Sole Proprietorship* A business in which a single individual owns all assets. A sole proprietor pays no corporate income tax but has unlimited liability for business debts and obligations thus, personal property could be taken to pay business debts. Also called proprietorship.

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Stated Capital* https://company-express.com/offshore-glossary/stated-capital/?utm_source=rss&utm_medium=rss&utm_campaign=stated-capital https://company-express.com/offshore-glossary/stated-capital/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/stated-capital/ Stated Capital* The basic capital of a corporation. It consists of the sum of the par value of all issued shares plus the consideration for no par value shares to the extent not transferred to capital surplus plus other amounts that may be transferred from other accounts. The amount of stated capital may effect the ability to pay dividends.

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Stock* https://company-express.com/offshore-glossary/stock/?utm_source=rss&utm_medium=rss&utm_campaign=stock https://company-express.com/offshore-glossary/stock/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/stock/ Stock* Stock signifies an ownership or equity, in a corporation, indicated by shares, which represent a piece of the corporation’s assets and earnings. It may be represented by a certificate and can be common or preferred, voting or non-voting, redeemable, convertible, etc. The classifications and special designations of the stock must be stated in the articles of incorporation. Also called ...

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Stock Certificate* https://company-express.com/offshore-glossary/stock-certificate/?utm_source=rss&utm_medium=rss&utm_campaign=stock-certificate https://company-express.com/offshore-glossary/stock-certificate/#respond Wed, 01 Jul 2015 10:16:41 +0000 https://company-express.com/dictionary/stock-certificate/ Stock Certificate* The document issued by a corporation, and sometimes a limited partnership, representing legal ownership of a specific number of shares of a corporation owned by a shareholder. The document identifies the name of the corporation, the name of the owner (stockholder), the class of stock, par value (if any), number of shares contained in the certificate and attendant ...

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Registered Agent https://company-express.com/offshore-glossary/registered-agent/?utm_source=rss&utm_medium=rss&utm_campaign=registered-agent https://company-express.com/offshore-glossary/registered-agent/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/registered-agent/ Registered Agent – A person or entity designated in the articles of incorporation to represent a company in the jurisdiction of incorporation. A Registered Agent normally provides a Registered Office address, provides liaison with local authorities and receives all legal and tax papers and/or notices addressed to the company.

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Registered Office https://company-express.com/offshore-glossary/registered-office/?utm_source=rss&utm_medium=rss&utm_campaign=registered-office https://company-express.com/offshore-glossary/registered-office/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/registered-office/ Registered Office – The official address of a company to which authorities, courts, and suitors send their notices, letters and reminders. It must always be an effective address for delivering documents to the company and is usually provided by a Registered Agent.

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Registered Share https://company-express.com/offshore-glossary/registered-share/?utm_source=rss&utm_medium=rss&utm_campaign=registered-share https://company-express.com/offshore-glossary/registered-share/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/registered-share/ Registered Share – Share which is transferred by an instrument of transfer. The name of the holder is registered in the books of the company and the shareholder’s name is displayed on the actual share certificate.

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Registrar https://company-express.com/offshore-glossary/registrar/?utm_source=rss&utm_medium=rss&utm_campaign=registrar https://company-express.com/offshore-glossary/registrar/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/registrar/ Registrar – The Registrar of Companies, a governmental body controlling the formation and renewal of companies created under their company act.

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Operating Agreement* https://company-express.com/offshore-glossary/operating-agreement/?utm_source=rss&utm_medium=rss&utm_campaign=operating-agreement https://company-express.com/offshore-glossary/operating-agreement/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/operating-agreement/ Operating Agreement* A contract among the members of a limited liability company, which governs the membership, management, operation and distribution of income of the company. It is analogous to corporate bylaws.

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Organizational Meeting* https://company-express.com/offshore-glossary/organizational-meeting/?utm_source=rss&utm_medium=rss&utm_campaign=organizational-meeting https://company-express.com/offshore-glossary/organizational-meeting/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/organizational-meeting/ Organizational Meeting* The initial meeting of incorporators or initial directors that are held after the filing of the articles of incorporation to complete the organization of the corporation. At the organizational meeting a number of initial tasks such as: ratification of the articles of incorporation, issuance of the initial shares, election of officers, approval of bylaws, and authorization of the ...

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Partnerships https://company-express.com/offshore-glossary/partnerships/?utm_source=rss&utm_medium=rss&utm_campaign=partnerships https://company-express.com/offshore-glossary/partnerships/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/partnerships/ Partnerships – A partnership often offers useful features for the purposes of an overall tax plan. In certain jurisdictions, a partnership may have corporate attributes and resemble a company. However, even where a partnership does not have corporate attributes, requirements relating to formations and registration the nationality and/or residence of partners, limited liability, restrictions on activities, should be examined in ...

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Permanent Establishment https://company-express.com/offshore-glossary/permanent-establishment/?utm_source=rss&utm_medium=rss&utm_campaign=permanent-establishment https://company-express.com/offshore-glossary/permanent-establishment/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/permanent-establishment/ Permanent Establishment – Legal concept applied by a country in order to tax commercial activities realised in its territory by a company or person incorporated or resident outside the jurisdiction. The expression is commonly used in double taxation agreements and is defined in the O.E.C.D. model agreement, although in practice there is no consistent definition adopted either in double taxation ...

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Power of Attorney https://company-express.com/offshore-glossary/power-of-attorney/?utm_source=rss&utm_medium=rss&utm_campaign=power-of-attorney https://company-express.com/offshore-glossary/power-of-attorney/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/power-of-attorney/ Power of Attorney – A document which authorises a person to act on behalf of another.

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Private Foundation https://company-express.com/offshore-glossary/private-foundation/?utm_source=rss&utm_medium=rss&utm_campaign=private-foundation https://company-express.com/offshore-glossary/private-foundation/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/private-foundation/ Private Foundation – Private Foundation is an entity combining the features of a trust and an International Business company. Similarly to a Trust, the purpose of a Private Foundation is to preserve the assets, donated by the Founder and some third persons, for the benefit of and distribution among the Beneficiaries. Akin to an International Business Company, a Private Foundation ...

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Paid-in capital* https://company-express.com/offshore-glossary/paid-in-capital/?utm_source=rss&utm_medium=rss&utm_campaign=paid-in-capital https://company-express.com/offshore-glossary/paid-in-capital/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/paid-in-capital/ Paid-in capital* Capital received from investors in exchange for stock, but not stock from capital generated from earnings or donated. This account includes capital stock and contributions of stockholders credited to accounts other than capital stock. It would also include surplus resulting from re-capitalization. Also called Contributed Capital or Paid in Surplus.

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Paid-in Capital Requirements* https://company-express.com/offshore-glossary/paid-in-capital-requirements/?utm_source=rss&utm_medium=rss&utm_campaign=paid-in-capital-requirements https://company-express.com/offshore-glossary/paid-in-capital-requirements/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/paid-in-capital-requirements/ Paid-in Capital Requirements* Some states require corporations to have a specified amount of paid-in capital prior to the commencement of business. CT, DC, SD, and TX are among these states, and require a company to have $1,000 paid in capital before starting business.

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Parent Corporation* https://company-express.com/offshore-glossary/parent-corporation/?utm_source=rss&utm_medium=rss&utm_campaign=parent-corporation https://company-express.com/offshore-glossary/parent-corporation/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/parent-corporation/ Parent Corporation* A corporation that either owns outright or controls a subsidiary. See Holding Company.

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Partnership* https://company-express.com/offshore-glossary/partnership/?utm_source=rss&utm_medium=rss&utm_campaign=partnership https://company-express.com/offshore-glossary/partnership/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/partnership/ Partnership* A business organization formed when two or more persons or entities come together to conduct business for mutual benefit. Partnerships do not enjoy limited liability, except in the case of limited partnerships.

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Par Value* https://company-express.com/offshore-glossary/par-value/?utm_source=rss&utm_medium=rss&utm_campaign=par-value https://company-express.com/offshore-glossary/par-value/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/par-value/ Par Value* A minimum value of a share below which the share cannot be issued, as designated in the articles of incorporation. For an equity security, par is usually a very small amount that bears no relationship to its market price, except for preferred stock, in which case par is used to calculate dividend payments. For a debt security, par ...

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Pass-through Taxation* https://company-express.com/offshore-glossary/pass-through-taxation/?utm_source=rss&utm_medium=rss&utm_campaign=pass-through-taxation https://company-express.com/offshore-glossary/pass-through-taxation/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/pass-through-taxation/ Pass-through Taxation* A taxation situation where the income to the entity is not taxed at the entity level; however, the entity does complete a tax return. The income or loss as shown on this return is ‘passed through’ the business entity to the individual shareholders or interest holders, and is reported on their individual tax returns. S corporation and LLC ...

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Patent* https://company-express.com/offshore-glossary/patent/?utm_source=rss&utm_medium=rss&utm_campaign=patent https://company-express.com/offshore-glossary/patent/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/patent/ Patent* The exclusive right to make use of an invention or process for a specific period of time, usually 14 years. It is granted by the government (U.S. Department of Commerce Patent Office) and gives the right to exclude others from making, using or selling one’s invention, which includes the right to license others to make, use or sell the ...

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Perpetual existence* https://company-express.com/offshore-glossary/perpetual-existence/?utm_source=rss&utm_medium=rss&utm_campaign=perpetual-existence https://company-express.com/offshore-glossary/perpetual-existence/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/perpetual-existence/ Perpetual existence* It is a characteristic of a business corporation(s) of having no expiration date, unending, unlimited term of existence.

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Piercing the Corporate Veil* https://company-express.com/offshore-glossary/piercing-the-corporate-veil/?utm_source=rss&utm_medium=rss&utm_campaign=piercing-the-corporate-veil https://company-express.com/offshore-glossary/piercing-the-corporate-veil/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/piercing-the-corporate-veil/ Piercing the Corporate Veil* If corporate formalities are not followed, it is possible that the corporate entity will not protect shareholders from corporate debt. Keeping proper records and holding regular meetings help solve this possible problem.

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Preemptive Rights* https://company-express.com/offshore-glossary/preemptive-rights/?utm_source=rss&utm_medium=rss&utm_campaign=preemptive-rights https://company-express.com/offshore-glossary/preemptive-rights/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/preemptive-rights/ Preemptive Rights* Rights delineated in the articles of incorporation granting shareholders the first opportunity to buy any additional shares issued by a corporation in proportion to their current equity. The shareholder has the right to buy the new issue of stock, but is not required to make the purchase. If the shareholder elects not to exercise this right, the shares ...

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Preferred Shares* https://company-express.com/offshore-glossary/preferred-shares/?utm_source=rss&utm_medium=rss&utm_campaign=preferred-shares https://company-express.com/offshore-glossary/preferred-shares/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/preferred-shares/ Preferred Shares (Stock)* Capital stock, which entitles the holders to preferences over the holders of common shares, usually with regard to dividends and distributions of assets upon dissolution or liquidation. Preferred stock typically has limited or no voting rights. Also called preference shares.

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Price-Earnings Ratio* https://company-express.com/offshore-glossary/price-earnings-ratio/?utm_source=rss&utm_medium=rss&utm_campaign=price-earnings-ratio https://company-express.com/offshore-glossary/price-earnings-ratio/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/price-earnings-ratio/ Price-Earnings Ratio (P/E ratio)* The most common measure of how expensive a stock is. Determined by dividing current stock price by current earnings per share (adjusted for stock splits). Earnings per share for the P/E ratio are determined by dividing earnings for the past 12 months by the number of common shares outstanding. Higher multiple means investors have higher expectations ...

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Private Corporation* https://company-express.com/offshore-glossary/private-corporation/?utm_source=rss&utm_medium=rss&utm_campaign=private-corporation https://company-express.com/offshore-glossary/private-corporation/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/private-corporation/ Private Corporation* A company whose shares are not traded on the open market. The transfer of shares in such a company is usually restricted in some way, such as by the requirement that the directors or shareholders of the corporation must approve any transfer of shares in advance of the sale. Opposite of public company.

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Promoters* https://company-express.com/offshore-glossary/promoters/?utm_source=rss&utm_medium=rss&utm_campaign=promoters https://company-express.com/offshore-glossary/promoters/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/promoters/ Promoters* Persons who develop or take the initiative in founding or organizing a business venture. Where more than one promoter is involved in a venture, they are called CO-promoters.

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Professional Corporation* https://company-express.com/offshore-glossary/professional-corporation/?utm_source=rss&utm_medium=rss&utm_campaign=professional-corporation https://company-express.com/offshore-glossary/professional-corporation/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/professional-corporation/ Professional Corporation* A corporation organized for the purpose of engaging in a profession such as law, medicine, accountancy or engineering. A professional corporation is formed under special state laws that stipulate exactly which professionals are required to incorporate under this status.

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Proxy* https://company-express.com/offshore-glossary/proxy/?utm_source=rss&utm_medium=rss&utm_campaign=proxy https://company-express.com/offshore-glossary/proxy/#respond Wed, 01 Jul 2015 10:16:40 +0000 https://company-express.com/dictionary/proxy/ Proxy* Authorization, whether written or electronic, given by a shareholder for someone else, usually the company’s management, to cast his/her vote at a shareholder meeting or at another time. Proxy also refers to the document granting such authority.

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Mutual Fund https://company-express.com/offshore-glossary/mutual-fund/?utm_source=rss&utm_medium=rss&utm_campaign=mutual-fund https://company-express.com/offshore-glossary/mutual-fund/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/mutual-fund/ Mutual Fund – Investment company usually formed in a low tax jurisdiction and issuing shares to the public.

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Majority* https://company-express.com/offshore-glossary/majority/?utm_source=rss&utm_medium=rss&utm_campaign=majority https://company-express.com/offshore-glossary/majority/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/majority/ Majority* With respect to shareholder and director voting, more than 50 per cent, commonly used as the percentage of votes required to approve certain corporate actions.

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Management* https://company-express.com/offshore-glossary/management/?utm_source=rss&utm_medium=rss&utm_campaign=management https://company-express.com/offshore-glossary/management/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/management/ Management* The board of directors and executive officers of a corporation, limited liability company or similar business entity.

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Managers* https://company-express.com/offshore-glossary/managers/?utm_source=rss&utm_medium=rss&utm_campaign=managers https://company-express.com/offshore-glossary/managers/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/managers/ Managers* The individuals who are responsible for the maintenance, administration and management of the affairs of a limited liability company (LLC). The actions of the managers are very similar to the board of directors of a corporation. In order for an LLC to be controlled by managers, this fact must be noted in the articles of organization. In most states, ...

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Member* https://company-express.com/offshore-glossary/member/?utm_source=rss&utm_medium=rss&utm_campaign=member https://company-express.com/offshore-glossary/member/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/member/ Member* The owner(s) of a limited liability company (LLC). Management of an LLC is conceded to the members in proportion to their ownership interest in the company, unless the articles of organization or operating agreement provide that a manager or managers will control the LLC.

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Merger* https://company-express.com/offshore-glossary/merger/?utm_source=rss&utm_medium=rss&utm_campaign=merger https://company-express.com/offshore-glossary/merger/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/merger/ Merger* The statutory combining of two or more entities into one, through a purchase acquisition or a pooling of interests. Differs from a consolidation in that no new entity is created from a merger: the dominant unit absorbs the passive ones and continues operation usually under the same name. The firm’s activity in this respect is sometimes called M&A (Merger ...

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Minute Book* https://company-express.com/offshore-glossary/minute-book/?utm_source=rss&utm_medium=rss&utm_campaign=minute-book https://company-express.com/offshore-glossary/minute-book/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/minute-book/ Minute Book* A binder or book containing corporate records, documents, registers and resolutions of the corporation. All corporations must maintain an up-to-date minute book pursuant to statute.

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Nominee Company https://company-express.com/offshore-glossary/nominee-company/?utm_source=rss&utm_medium=rss&utm_campaign=nominee-company https://company-express.com/offshore-glossary/nominee-company/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/nominee-company/ Nominee Company – A company formed for the express purpose of holding securities and other assets in its name or to provide nominee directors and/or officers on behalf of clients of its parent bank or trust company.

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Non-Resident Company https://company-express.com/offshore-glossary/non-resident-company/?utm_source=rss&utm_medium=rss&utm_campaign=non-resident-company https://company-express.com/offshore-glossary/non-resident-company/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/non-resident-company/ Non-Resident Company – A company treated by the jurisdiction in which it is incorporated as non-resident for tax purposes or exchange control purposes or both.

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Name registration* https://company-express.com/offshore-glossary/name-registration/?utm_source=rss&utm_medium=rss&utm_campaign=name-registration https://company-express.com/offshore-glossary/name-registration/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/name-registration/ Name registration* The filing of a document in a foreign state to protect the corporate name, often in anticipation of qualification in the state.

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Name Reservation* https://company-express.com/offshore-glossary/name-reservation/?utm_source=rss&utm_medium=rss&utm_campaign=name-reservation https://company-express.com/offshore-glossary/name-reservation/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/name-reservation/ Name Reservation* A procedure that allows a corporation or Limited Liability Company to obtain exclusive use of its business name for a specified period of time. The name of a corporation or LLC must be different from previous names on record at the state government. If the name is not unique, the state will reject the articles of incorporation or ...

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Net Worth* https://company-express.com/offshore-glossary/net-worth/?utm_source=rss&utm_medium=rss&utm_campaign=net-worth https://company-express.com/offshore-glossary/net-worth/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/net-worth/ Net Worth* Total assets (common stock, surplus, and retained earnings) minus total liabilities of an individual or company. Also called Owner’s Equity or Shareholders’ Equity or Net Assets.

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No par value shares* https://company-express.com/offshore-glossary/no-par-value-shares/?utm_source=rss&utm_medium=rss&utm_campaign=no-par-value-shares https://company-express.com/offshore-glossary/no-par-value-shares/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/no-par-value-shares/ No par value shares* A share that no par value given in the charter or stock certificate and that may be issued for consideration designated by the board of directors. Note that the value of no par shares is determined by the state for franchise tax purposes and may result in higher franchise taxes in comparison with low par-value stock.

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Not-For-Profit Corporation* https://company-express.com/offshore-glossary/not-for-profit-corporation/?utm_source=rss&utm_medium=rss&utm_campaign=not-for-profit-corporation https://company-express.com/offshore-glossary/not-for-profit-corporation/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/not-for-profit-corporation/ Not-For-Profit Corporation* An organization incorporated for educational, humanitarian or charitable reasons that is exempt from some taxes, and in which its shareholders or trustees do not benefit financially. Also called Non Profit Organization.

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Numbered Corporation* https://company-express.com/offshore-glossary/numbered-corporation/?utm_source=rss&utm_medium=rss&utm_campaign=numbered-corporation https://company-express.com/offshore-glossary/numbered-corporation/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/numbered-corporation/ Numbered Corporation* A corporation, which uses a number rather than a distinct corporate name. A numbered company’s corporate number is assigned to it by the jurisdiction of incorporation. Many corporations have numbered names where using a distinct corporate name is not important.

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Offshore https://company-express.com/offshore-glossary/offshore/?utm_source=rss&utm_medium=rss&utm_campaign=offshore https://company-express.com/offshore-glossary/offshore/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/offshore/ Offshore – Offshore is an international term meaning not only out of your country (jurisdiction) but out of the tax reach of your country of residence or citizenship; synonymous with foreign, transnational, global, international, transworld and multi-national.

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Offshore Centers https://company-express.com/offshore-glossary/offshore-centers/?utm_source=rss&utm_medium=rss&utm_campaign=offshore-centers https://company-express.com/offshore-glossary/offshore-centers/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/offshore-centers/ Offshore Centres – Countries and jurisdictions, most commonly small islands with little to no resources for revenue, specializing in the provision of financial services. These centres specialize and focus on offering to non-residents more favourable tax environments than that enjoyed in their home territory on international trading activities and/or investments via that country. Other beneficial features of offshore centres may ...

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Offshore Finance Company https://company-express.com/offshore-glossary/offshore-finance-company/?utm_source=rss&utm_medium=rss&utm_campaign=offshore-finance-company https://company-express.com/offshore-glossary/offshore-finance-company/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/offshore-finance-company/ Offshore Finance Company – A company organized in a foreign country, almost always in a tax haven country, which handles such financing services as arranging foreign loans in Euro currency markets and floating bonds or other forms of indebtedness abroad in United States dollars or other hard currencies. Generally, the offshore finance company is created to handle the financing requirements ...

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Offshore Fund https://company-express.com/offshore-glossary/offshore-fund/?utm_source=rss&utm_medium=rss&utm_campaign=offshore-fund https://company-express.com/offshore-glossary/offshore-fund/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/offshore-fund/ Offshore Fund – A mutual fund offering its shares to a person resident outside the country in which it is incorporated.

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Offshore Holding Company https://company-express.com/offshore-glossary/offshore-holding-company/?utm_source=rss&utm_medium=rss&utm_campaign=offshore-holding-company https://company-express.com/offshore-glossary/offshore-holding-company/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/offshore-holding-company/ Offshore Holding Company – A company organized in a foreign country which controls one or more affiliate companies and which manages, administers or services its affiliate companies usually located outside the country in which the parent company is incorporated.

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Offshore Trading Company https://company-express.com/offshore-glossary/offshore-trading-company/?utm_source=rss&utm_medium=rss&utm_campaign=offshore-trading-company https://company-express.com/offshore-glossary/offshore-trading-company/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/offshore-trading-company/ Offshore Trading Company – A company organized in a foreign country to buy goods from an exporter in one or more other foreign countries and to sell these same goods to importers in other foreign countries. The documents are processed by the offshore trading company and all managerial, administrative and day-to-day financial transactions are handled by it. The goods are ...

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Onshore https://company-express.com/offshore-glossary/onshore/?utm_source=rss&utm_medium=rss&utm_campaign=onshore https://company-express.com/offshore-glossary/onshore/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/onshore/ Onshore – Onshore is defined as the country in which a private person, a company or any other legal entity is resident for tax purposes.

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Ordinary Shares https://company-express.com/offshore-glossary/ordinary-shares/?utm_source=rss&utm_medium=rss&utm_campaign=ordinary-shares https://company-express.com/offshore-glossary/ordinary-shares/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/ordinary-shares/ Ordinary Shares – The most common form of shares. Each ordinary share gives its holder an identical volume of the rights. Holders have the right to vote at the meetings and receive dividends which vary in accordance with the profitability of the company. The holders of ordinary shares are the owners of the company.

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Offshore Financial Center https://company-express.com/offshore-glossary/offshore-financial-center/?utm_source=rss&utm_medium=rss&utm_campaign=offshore-financial-center https://company-express.com/offshore-glossary/offshore-financial-center/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/offshore-financial-center/ Offshore Financial Center (OFC) – A jurisdiction, providing some or all of the following services: low or zero taxation; moderate or light financial regulation; banking secrecy and anonymity.

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Organization for Economic Cooperation and Development https://company-express.com/offshore-glossary/organization-for-economic-cooperation-and-development/?utm_source=rss&utm_medium=rss&utm_campaign=organization-for-economic-cooperation-and-development https://company-express.com/offshore-glossary/organization-for-economic-cooperation-and-development/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/organization-for-economic-cooperation-and-development/ Organization for Economic Cooperation and Development (OECD) – At the present time there are 29 countries in the OECD. They share the principles of the market economy, pluralist democracy and respect for human rights. The original 20 members of the OECD are located in Western countries of Europe and North America. Next came Japan, Australia, New Zealand and Finland. More ...

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Officers* https://company-express.com/offshore-glossary/officers/?utm_source=rss&utm_medium=rss&utm_campaign=officers https://company-express.com/offshore-glossary/officers/#respond Wed, 01 Jul 2015 10:16:39 +0000 https://company-express.com/dictionary/officers/ Officers* An individual appointed by the director(s) of a corporation who are responsible for carrying out the board’s policies and for making day-to-day decisions. Usually consist of President, Vice-President, Treasurer, Secretary, CEO, CFO, etc. Although officer positions are distinct from that of director, officers can also hold the position of director. In most states, one person can hold all of ...

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Franchise Tax* https://company-express.com/offshore-glossary/franchise-tax/?utm_source=rss&utm_medium=rss&utm_campaign=franchise-tax https://company-express.com/offshore-glossary/franchise-tax/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/franchise-tax/ Franchise Tax* A tax or fee on the privilege, imposed by a state government on a corporation, limited liability company or similar business entity for the right to exist or do business in a state. The value of the franchise tax may be measured by amount of earnings, assets, total value of capital or stock, or by amount of business ...

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GmbH https://company-express.com/offshore-glossary/gmbh/?utm_source=rss&utm_medium=rss&utm_campaign=gmbh https://company-express.com/offshore-glossary/gmbh/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/gmbh/ GmbH – A Swiss, German and Austrian form of a limited liability corporation.

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Going private* https://company-express.com/offshore-glossary/going-private/?utm_source=rss&utm_medium=rss&utm_campaign=going-private https://company-express.com/offshore-glossary/going-private/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/going-private/ Going private* It is when a private group replaces publicly owned stock in a firm with complete equity ownership. The firm is delisted on stock exchanges and can no longer be purchased in the open markets.

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Going public* https://company-express.com/offshore-glossary/going-public/?utm_source=rss&utm_medium=rss&utm_campaign=going-public https://company-express.com/offshore-glossary/going-public/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/going-public/ Going public* When a private company first offers shares to the public market and investors. Also called Initial public offering (IPO). Securities offered in an IPO are often, but not always, those of young, small companies seeking outside equity capital and a public market for their stock. Investors purchasing stock in IPOs generally must be prepared to accept considerable risks ...

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Guarantee* https://company-express.com/offshore-glossary/guarantee/?utm_source=rss&utm_medium=rss&utm_campaign=guarantee https://company-express.com/offshore-glossary/guarantee/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/guarantee/ Guarantee* A legally enforceable promise to become liable for the debt of another if the liable party fails to perform to expectations. Most bank loans to corporations are backed by the personal guarantee of the shareholder’s of the corporation. If the corporation defaults on the debt, the shareholders are then personally liable to pay the debt on behalf of the ...

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Hedge Funds https://company-express.com/offshore-glossary/hedge-funds/?utm_source=rss&utm_medium=rss&utm_campaign=hedge-funds https://company-express.com/offshore-glossary/hedge-funds/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/hedge-funds/ Hedge Funds – Speculative funds managing investments for private investors (in the US, such funds are unregulated if the number of investors does not exceed one hundred).

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Holding Company https://company-express.com/offshore-glossary/holding-company/?utm_source=rss&utm_medium=rss&utm_campaign=holding-company https://company-express.com/offshore-glossary/holding-company/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/holding-company/ Holding Company – A company whose activity is limited to holding and managing investments or property but not having ordinary commercial or trading activities. A company that owns enough voting stock of one or more corporations to control management and operations by influencing or electing its board of directors. A holding company is not engaged in any business other than ...

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Hostile takeover* https://company-express.com/offshore-glossary/hostile-takeover/?utm_source=rss&utm_medium=rss&utm_campaign=hostile-takeover https://company-express.com/offshore-glossary/hostile-takeover/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/hostile-takeover/ Hostile takeover* An unsolicited takeover, which goes without the approval of the target corporation’s management and board of directors. Opposite of Friendly Takeover.

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International Business Corporation https://company-express.com/offshore-glossary/international-business-corporation/?utm_source=rss&utm_medium=rss&utm_campaign=international-business-corporation https://company-express.com/offshore-glossary/international-business-corporation/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/international-business-corporation/ International Business Corporation (IBC) – A company providing a maximum of privacy, combined with a comprehensive freedom from local taxation. A typical IBC’s can carry on business outside its jurisdiction, have meetings of its Directors and/or Members anywhere in the world, keep any number of bank accounts in various currencies, and issue bearer shares under certain conditions in the separate ...

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Incorporation* https://company-express.com/offshore-glossary/incorporation/?utm_source=rss&utm_medium=rss&utm_campaign=incorporation https://company-express.com/offshore-glossary/incorporation/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/incorporation/ Incorporation* The act of forming, creating, or organizing a corporation under the laws of a specific jurisdiction by filing the required documents and allowing it to become a corporation.

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The post Incorporation* appeared first on Company Express.

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Incorporators* https://company-express.com/offshore-glossary/incorporators/?utm_source=rss&utm_medium=rss&utm_campaign=incorporators https://company-express.com/offshore-glossary/incorporators/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/incorporators/ Incorporators* A person who joins with others to form a corporation. Or the person(s) or entity that perform the act of incorporation and who sign the articles of incorporation and deliver them for filing. The incorporator can take corporate actions before directors and officers are appointed.

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Indemnification* https://company-express.com/offshore-glossary/indemnification/?utm_source=rss&utm_medium=rss&utm_campaign=indemnification https://company-express.com/offshore-glossary/indemnification/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/indemnification/ Indemnification* An expressed or implied contract by which corporation pay expenses of its directors, officers, and employees who are named as defendants in lawsuits alleging that they offended some duty in their service to or on behalf of the corporation. Note that directors and officers may also be paid for the expenses they incurred in the process of forming the ...

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Interest* https://company-express.com/offshore-glossary/interest/?utm_source=rss&utm_medium=rss&utm_campaign=interest https://company-express.com/offshore-glossary/interest/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/interest/ Interest* Partial or total ownership of a Limited Liability Company. Analogous to the shares in a corporation.

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Investment Bankers* https://company-express.com/offshore-glossary/investment-bankers/?utm_source=rss&utm_medium=rss&utm_campaign=investment-bankers https://company-express.com/offshore-glossary/investment-bankers/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/investment-bankers/ Investment Bankers* An individual or institution, which acts as an underwriter or agent for corporations issuing securities, but does not accept deposits or make loans. Most also maintain broker/dealer operations, maintain markets for previously issued securities, and offer advisory services to investors. Also called investment bank.

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Involuntary dissolution* https://company-express.com/offshore-glossary/involuntary-dissolution/?utm_source=rss&utm_medium=rss&utm_campaign=involuntary-dissolution https://company-express.com/offshore-glossary/involuntary-dissolution/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/involuntary-dissolution/ Involuntary dissolution* The dissolution forced upon a corporation by a court or administrative action.

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Internal Revenue Service* https://company-express.com/offshore-glossary/internal-revenue-service/?utm_source=rss&utm_medium=rss&utm_campaign=internal-revenue-service https://company-express.com/offshore-glossary/internal-revenue-service/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/internal-revenue-service/ Internal Revenue Service (IRS)* The federal agency responsible for administering and enforcing the Treasury Department’s revenue laws, through the assessment and collection of taxes, determination of pension plan qualification, and related activities.

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Issued Shares* https://company-express.com/offshore-glossary/issued-shares/?utm_source=rss&utm_medium=rss&utm_campaign=issued-shares https://company-express.com/offshore-glossary/issued-shares/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/issued-shares/ Issued Shares* Shares of corporation that have been actually issued and are not canceled.

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Joint Venture https://company-express.com/offshore-glossary/joint-venture/?utm_source=rss&utm_medium=rss&utm_campaign=joint-venture https://company-express.com/offshore-glossary/joint-venture/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/joint-venture/ Joint Venture – A type of business partnership involving joint management and the sharing of risks and profits as between two or more enterprises based in different countries. Then the capital of the partnership is known as a joint venture.

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Judicial dissolution* https://company-express.com/offshore-glossary/judicial-dissolution/?utm_source=rss&utm_medium=rss&utm_campaign=judicial-dissolution https://company-express.com/offshore-glossary/judicial-dissolution/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/judicial-dissolution/ Judicial dissolution* Involuntary dissolution of a corporation by a court at the request of the state attorney general, a shareholder or a creditor.

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The post Judicial dissolution* appeared first on Company Express.

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Jurisdiction* https://company-express.com/offshore-glossary/jurisdiction/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction https://company-express.com/offshore-glossary/jurisdiction/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/jurisdiction/ Jurisdiction* The specific geographical area over which a particular court or government body has the power and right to exercise authority.

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Limited Liability Company https://company-express.com/offshore-glossary/limited-liability-company/?utm_source=rss&utm_medium=rss&utm_campaign=limited-liability-company https://company-express.com/offshore-glossary/limited-liability-company/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/limited-liability-company/ Limited Liability Company (LLC) – Consists of member owners and a manager, at a minimum. Similar to a corporation that is taxed as a partnership or as an S-corporation. More specifically, it combines the more favourable characteristics of a corporation and a partnership. The LLC structure permits the complete pass-through of tax advantages and operational flexibility found in a partnership, ...

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Limited liability partnership https://company-express.com/offshore-glossary/limited-liability-partnership/?utm_source=rss&utm_medium=rss&utm_campaign=limited-liability-partnership https://company-express.com/offshore-glossary/limited-liability-partnership/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/limited-liability-partnership/ Limited liability partnership (LLP) – A form of the LLC favoured and used for professional associations, such as accountants and attorneys.

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Legal Entity https://company-express.com/offshore-glossary/legal-entity/?utm_source=rss&utm_medium=rss&utm_campaign=legal-entity https://company-express.com/offshore-glossary/legal-entity/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/legal-entity/ Legal Entity (Legal Person) – A legal entity (LE) exists independently from its members, founders or shareholders. Generally, the liability is limited to the assets a LE owns, and the personal property of the members, founders or shareholders may not be seized by the creditors. A LE has many features of a natural person, e.g. it may hold property, suit ...

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Leverage* https://company-express.com/offshore-glossary/leverage/?utm_source=rss&utm_medium=rss&utm_campaign=leverage https://company-express.com/offshore-glossary/leverage/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/leverage/ Leverage* Refers to the advantages that may accrue to a business through the use of debt obtained from third persons instead of contributed capital. For example, an option has high leverage compared to the underlying stock because a given price change in the stock may result in a greater increase or decrease in the value of the option.

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Leveraged Buy-Out* https://company-express.com/offshore-glossary/leveraged-buy-out/?utm_source=rss&utm_medium=rss&utm_campaign=leveraged-buy-out https://company-express.com/offshore-glossary/leveraged-buy-out/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/leveraged-buy-out/ Leveraged Buy-Out* The purchase of a business, with financing provided largely by borrowed money, often in the form of junk bonds.

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Limited personal liability* https://company-express.com/offshore-glossary/limited-personal-liability/?utm_source=rss&utm_medium=rss&utm_campaign=limited-personal-liability https://company-express.com/offshore-glossary/limited-personal-liability/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/limited-personal-liability/ Limited personal liability* The protection generally afforded a corporate shareholder, limited partner or a member of a limited liability company from the debts of and claims against the company.

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Memorandum of Association https://company-express.com/offshore-glossary/memorandum-of-association/?utm_source=rss&utm_medium=rss&utm_campaign=memorandum-of-association https://company-express.com/offshore-glossary/memorandum-of-association/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/memorandum-of-association/ Memorandum of Association (Charter) – The first constitutional document of a company, which must be submitted to the Registrar of Companies together with its Articles of Association, and which contains company name, address of its registered office, objects and powers, authorised share capital, and statement of limited liability.

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Minutes https://company-express.com/offshore-glossary/minutes/?utm_source=rss&utm_medium=rss&utm_campaign=minutes https://company-express.com/offshore-glossary/minutes/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/minutes/ Minutes – Brief summary of proceedings of a meeting/assembly/committee. Official record of the events of a corporation, typically including all the events taking place at both shareholders’ meetings and board of directors’ meetings. Organizational minutes allow for the issuance of shares to shareholders, appoint directors and officers and approve the by-laws of the corporation. These records are usually kept in ...

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Money Laundering https://company-express.com/offshore-glossary/money-laundering/?utm_source=rss&utm_medium=rss&utm_campaign=money-laundering https://company-express.com/offshore-glossary/money-laundering/#respond Wed, 01 Jul 2015 10:16:38 +0000 https://company-express.com/dictionary/money-laundering/ Money Laundering – Money-laundering occurs when criminals seek to make illegally obtained funds look legitimate by funnelling them through a string of banks and businesses until the money’s origin is obscured.

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Debit Card https://company-express.com/offshore-glossary/debit-card/?utm_source=rss&utm_medium=rss&utm_campaign=debit-card https://company-express.com/offshore-glossary/debit-card/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/debit-card/ Debit Card – A plastic card with a magnetic strip on its reverse side. A Debit Card (DC) holder is entitled to purchase goods or services when accepted technically by a Seller. A DC doesn’t provide any credit to the holder and it’s a ‘mirror’ of the underlying account with the DC’s issuer (a bank or business). Most often DCs ...

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Debenture* https://company-express.com/offshore-glossary/debenture/?utm_source=rss&utm_medium=rss&utm_campaign=debenture https://company-express.com/offshore-glossary/debenture/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/debenture/ Debenture* Debt instrument evidencing the borrower’s right to receive interest and principal installments from the named obligor. Unsecured debt is backed only by the integrity of the borrower, not by collateral (security). Applies to all forms of unsecured, long-term debt and evidenced by an agreement called an indenture.

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Debt financing* https://company-express.com/offshore-glossary/debt-financing/?utm_source=rss&utm_medium=rss&utm_campaign=debt-financing https://company-express.com/offshore-glossary/debt-financing/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/debt-financing/ Debt financing* The provision of bonds, bills or notes to business concerns in exchange for debt securities or a note.

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De Facto Corporation* https://company-express.com/offshore-glossary/de-facto-corporation/?utm_source=rss&utm_medium=rss&utm_campaign=de-facto-corporation https://company-express.com/offshore-glossary/de-facto-corporation/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/de-facto-corporation/ De Facto Corporation* A corporation treated as standard or official, even if not explicitly stated. At common law it is a partially formed corporation that provides a shield against personal liability of shareholders for corporate obligations.

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De Jure Corporation* https://company-express.com/offshore-glossary/de-jure-corporation/?utm_source=rss&utm_medium=rss&utm_campaign=de-jure-corporation https://company-express.com/offshore-glossary/de-jure-corporation/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/de-jure-corporation/ De Jure Corporation* A corporation that has earned its state charter by fulfilling the requirements for formation and is legally entitled to do business in the state.

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Derivative suit* https://company-express.com/offshore-glossary/derivative-suit/?utm_source=rss&utm_medium=rss&utm_campaign=derivative-suit https://company-express.com/offshore-glossary/derivative-suit/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/derivative-suit/ Derivative suit* A lawsuit brought by a shareholder on behalf of a corporation to protect the corporation from injustice committed against it.

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Directors* https://company-express.com/offshore-glossary/directors/?utm_source=rss&utm_medium=rss&utm_campaign=directors https://company-express.com/offshore-glossary/directors/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/directors/ Directors* The directors of a corporation are its governing board, individuals elected by shareholders. They have the authority to run the company on behalf of the shareholders and are responsible to the shareholders for the results of their decisions. Directors vote on major corporate matters such as the issuing of shares of stock, election of officers, payment of dividends and ...

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Dissolution* https://company-express.com/offshore-glossary/dissolution/?utm_source=rss&utm_medium=rss&utm_campaign=dissolution https://company-express.com/offshore-glossary/dissolution/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/dissolution/ Dissolution* The termination of a corporation’s legal existence. Dissolution may be involuntary – caused by failure to file annual reports, failure to pay certain taxes, bankruptcy; or voluntary dissolution based on the vote of the shareholders and directors of the corporation.

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Distribution* https://company-express.com/offshore-glossary/distribution/?utm_source=rss&utm_medium=rss&utm_campaign=distribution https://company-express.com/offshore-glossary/distribution/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/distribution/ Distribution* A transfer of money or other property made by a corporation to its shareholder(s) in respect to the corporation’s shares. Or the sale of a large amount of stock by a single entity over a period of time rather than all at once, to avoid adversely affecting its market price. Opposite to accumulation.

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Doing Business As* https://company-express.com/offshore-glossary/doing-business-as/?utm_source=rss&utm_medium=rss&utm_campaign=doing-business-as https://company-express.com/offshore-glossary/doing-business-as/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/doing-business-as/ Doing Business As (DBA)* A formal notice that a company is conducting business under a different name. Often used in contracts. Also, see Assumed name.

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Domestic Corporation* https://company-express.com/offshore-glossary/domestic-corporation/?utm_source=rss&utm_medium=rss&utm_campaign=domestic-corporation https://company-express.com/offshore-glossary/domestic-corporation/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/domestic-corporation/ Domestic Corporation* In general, a corporation whose articles of incorporation are filed in the state in which it operates and maintains its principal office, as opposed to a foreign corporation.

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Double Taxation* https://company-express.com/offshore-glossary/double-taxation/?utm_source=rss&utm_medium=rss&utm_campaign=double-taxation https://company-express.com/offshore-glossary/double-taxation/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/double-taxation/ Double Taxation* Government taxation of the same earnings twice; specifically, taxation of earnings at the corporate level and dividends at the stockholder level if the previously taxed income is distributed to the shareholders as dividends. S corporations and Limited Liability Companies are not subject to double taxation.

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Exempt Company https://company-express.com/offshore-glossary/exempt-company/?utm_source=rss&utm_medium=rss&utm_campaign=exempt-company https://company-express.com/offshore-glossary/exempt-company/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/exempt-company/ Exempt Company – A company exempted from tax or from compliance with specified regulations of the country in which it is established.

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Earnings Per Share* https://company-express.com/offshore-glossary/earnings-per-share/?utm_source=rss&utm_medium=rss&utm_campaign=earnings-per-share https://company-express.com/offshore-glossary/earnings-per-share/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/earnings-per-share/ Earnings Per Share (EPS)* The amount of net income attributed to each share of stock; it is determined by dividing net income by the number of outstanding shares in a given period. In calculating EPS, the company often uses a weighted average of shares outstanding over the reporting term. The one-year (historical) EPS growth rate is calculated as the percentage ...

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Equity* https://company-express.com/offshore-glossary/equity/?utm_source=rss&utm_medium=rss&utm_campaign=equity https://company-express.com/offshore-glossary/equity/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/equity/ Equity* An accounting term used to describe the ownership interest in a corporation in the form of common stock, preferred stock or net investment of owners or stockholders in a business. Under the accounting equation, equity also represents the result of assets of fewer liabilities.

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Equity Financing* https://company-express.com/offshore-glossary/equity-financing/?utm_source=rss&utm_medium=rss&utm_campaign=equity-financing https://company-express.com/offshore-glossary/equity-financing/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/equity-financing/ Equity Financing* A method of raising capital in which a corporation sells shares of stock. Investors provide funds for capital or operating expenses in exchange for capital stock, stock purchase warrants and options in the business financed, without any guaranteed return, but with the opportunity to share in the company’s profits.

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Free Zones https://company-express.com/offshore-glossary/free-zones/?utm_source=rss&utm_medium=rss&utm_campaign=free-zones https://company-express.com/offshore-glossary/free-zones/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/free-zones/ Free Zones – Free zones are designated areas which receive special treatment through their exclusion from the area to which the country’s normal customs rules apply. A free port is one at which imports may be landed without paying customs duties. The system of free zones or free ports favors export processing, transshipment and the entrepot trade since there is ...

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Financial Action Task Force on Money Laundering https://company-express.com/offshore-glossary/financial-action-task-force-on-money-laundering/?utm_source=rss&utm_medium=rss&utm_campaign=financial-action-task-force-on-money-laundering https://company-express.com/offshore-glossary/financial-action-task-force-on-money-laundering/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/financial-action-task-force-on-money-laundering/ Financial Action Task Force on Money Laundering (FATF) – The intergovernmental organization established by the G-7 Paris Summit in 1989. The principal aim of FATF is to identify the technology of money laundering, suggest the ways of its elimination, and monitor the anti-money laundering actions of the concerned countries.

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Financial Stability Forum https://company-express.com/offshore-glossary/financial-stability-forum/?utm_source=rss&utm_medium=rss&utm_campaign=financial-stability-forum https://company-express.com/offshore-glossary/financial-stability-forum/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/financial-stability-forum/ Financial Stability Forum (FSF) – The FSF was convened on 14 April 1999 in Washington. Its members are the G-7 countries, Australia, Singapore, Hong Kong, Netherlands, and some international financial and regulatory institutions. It’s an international watchdog identifying the crucial flaws in the international financial system, which may lead to regional or worldwide crises. Other tasks of the organization are ...

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Fictitious Name* https://company-express.com/offshore-glossary/fictitious-name/?utm_source=rss&utm_medium=rss&utm_campaign=fictitious-name https://company-express.com/offshore-glossary/fictitious-name/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/fictitious-name/ Fictitious Name* See assumed name.

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Fiduciary* https://company-express.com/offshore-glossary/fiduciary/?utm_source=rss&utm_medium=rss&utm_campaign=fiduciary https://company-express.com/offshore-glossary/fiduciary/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/fiduciary/ Fiduciary* An individual, corporation or association holding assets for another party, often with the legal authority and duty to make decisions regarding financial matters on behalf of the other party.

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Fiduciary relationship* https://company-express.com/offshore-glossary/fiduciary-relationship/?utm_source=rss&utm_medium=rss&utm_campaign=fiduciary-relationship https://company-express.com/offshore-glossary/fiduciary-relationship/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/fiduciary-relationship/ Fiduciary relationship* A relationship in which an individual, corporation or association (fiduciary) manage assets for another person (principal) beneficial to his/her interests.

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Fiscal Year* https://company-express.com/offshore-glossary/fiscal-year/?utm_source=rss&utm_medium=rss&utm_campaign=fiscal-year https://company-express.com/offshore-glossary/fiscal-year/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/fiscal-year/ Fiscal Year (FY)* A corporation’s accounting year. 12 consecutive months ending on the last day of any month and chosen by a business as the accounting period for annual reports. The fiscal year serves as a period of reference for the company and does not necessarily correspond to the calendar year.

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Federal Tax Identification Number* https://company-express.com/offshore-glossary/federal-tax-identification-number/?utm_source=rss&utm_medium=rss&utm_campaign=federal-tax-identification-number https://company-express.com/offshore-glossary/federal-tax-identification-number/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/federal-tax-identification-number/ Federal Tax Identification Number* The Social Security number of an individual or the Employer Identification Number (EIN) of a business, fiduciary or other organization. The federal government gives an EIN for tax purposes. Banks generally require a tax identification number to open bank accounts.

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Foreign Corporation* https://company-express.com/offshore-glossary/foreign-corporation/?utm_source=rss&utm_medium=rss&utm_campaign=foreign-corporation https://company-express.com/offshore-glossary/foreign-corporation/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/foreign-corporation/ Foreign Corporation* A corporation that operates in a state other than its state of incorporation; the state in which it operates refers out-of-state corporations as “foreign.” In order to conduct business in another state, it must register for a certificate of authority to conduct business in the other state or possibly lose access to that state’s courts and face fines. ...

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Fractional share* https://company-express.com/offshore-glossary/fractional-share/?utm_source=rss&utm_medium=rss&utm_campaign=fractional-share https://company-express.com/offshore-glossary/fractional-share/#respond Wed, 01 Jul 2015 10:16:37 +0000 https://company-express.com/dictionary/fractional-share/ Fractional share* Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs.

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C Corporation* https://company-express.com/offshore-glossary/c-corporation/?utm_source=rss&utm_medium=rss&utm_campaign=c-corporation https://company-express.com/offshore-glossary/c-corporation/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/c-corporation/ C Corporation* Unlike a partnership, it is a business, which is a completely separate entity from its owners. C Corporation is a corporation that is subject to federal income tax at the corporate level. In other words, it is any corporation that has not elected S Corporation status. The taxable income of a C corporation is subject to tax at ...

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Certificate of Authority* https://company-express.com/offshore-glossary/certificate-of-authority/?utm_source=rss&utm_medium=rss&utm_campaign=certificate-of-authority https://company-express.com/offshore-glossary/certificate-of-authority/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/certificate-of-authority/ Certificate of Authority* A document issued by the secretary of state or equivalent department on the application of a foreign corporation granting it the right to operate in a state other than its state of incorporation.

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Certificate of good standing* https://company-express.com/offshore-glossary/certificate-of-good-standing-2/?utm_source=rss&utm_medium=rss&utm_campaign=certificate-of-good-standing-2 https://company-express.com/offshore-glossary/certificate-of-good-standing-2/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/certificate-of-good-standing-2/ Certificate of good standing* A certificate issued by a state official as conclusive evidence that a corporation is in existence or authorized to transact business in the state. The certificate generally sets forth the corporation’s name; that it is duly incorporated or authorized to transact business; that all fees, taxes and penalties owed to the state have been paid; that ...

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Certificate of Incorporation* https://company-express.com/offshore-glossary/certificate-of-incorporation-2/?utm_source=rss&utm_medium=rss&utm_campaign=certificate-of-incorporation-2 https://company-express.com/offshore-glossary/certificate-of-incorporation-2/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/certificate-of-incorporation-2/ Certificate of Incorporation* The document filed in many states to create a corporation. It is given when the Registrar of Companies is satisfied that all the required documents have been submitted. The certificate means that the company has a separate legal identity, and in the case of a private limited company, can begin trading. See also the articles of incorporation ...

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Charter* https://company-express.com/offshore-glossary/charter/?utm_source=rss&utm_medium=rss&utm_campaign=charter https://company-express.com/offshore-glossary/charter/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/charter/ Charter* A document, filed with a U.S. state by a corporation’s founders, describing the purpose, place of business, powers under state law, authorized classes of securities to be issued and the rights and liabilities of shareholders and directors and other details of a corporation. Also called articles of incorporation.

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Close Corporation* https://company-express.com/offshore-glossary/close-corporation/?utm_source=rss&utm_medium=rss&utm_campaign=close-corporation https://company-express.com/offshore-glossary/close-corporation/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/close-corporation/ Close Corporation* A corporation owned by a small number of individuals. Corporations must elect to be close corporations by inserting a statement in their articles of incorporation. Some state close corporation statutes provide for a maximum number of shareholders. In addition, close corporation statutes may eliminate or limit the powers of the board of directors, prescribe preemptive rights to the ...

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Common Shareholders* https://company-express.com/offshore-glossary/common-shareholders/?utm_source=rss&utm_medium=rss&utm_campaign=common-shareholders https://company-express.com/offshore-glossary/common-shareholders/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/common-shareholders/ Common Shareholders* The holders of common shares, the ultimate owners of the residual interest of a corporation. Common shareholders select the directors to manage the corporation, are entitled to dividends out of the earnings of the corporation declared by the directors and are entitled to a per share distribution of whatever assets remain upon dissolution of the corporation after satisfying ...

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Common Shares* https://company-express.com/offshore-glossary/common-shares/?utm_source=rss&utm_medium=rss&utm_campaign=common-shares https://company-express.com/offshore-glossary/common-shares/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/common-shares/ Common Shares (Common Stock)* Securities representing equity ownership in a corporation, providing voting rights, and entitling the holder to a share of the company’s success through dividends and/or capital appreciation. In the event of liquidation, common stock holders have rights to a company’s assets only after bondholders, other debt holders, and preferred stock holders have been satisfied. Also called junior ...

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Consolidation* https://company-express.com/offshore-glossary/consolidation/?utm_source=rss&utm_medium=rss&utm_campaign=consolidation https://company-express.com/offshore-glossary/consolidation/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/consolidation/ Consolidation* The statutory combination of two or more separate corporations to create a new corporation. Differs from a merger in that a new entity is created in the consolidation.

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Constituent* https://company-express.com/offshore-glossary/constituent/?utm_source=rss&utm_medium=rss&utm_campaign=constituent https://company-express.com/offshore-glossary/constituent/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/constituent/ Constituent* A party to a transaction; a corporation involved in a merger, consolidation or share exchange.

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Convertible security* https://company-express.com/offshore-glossary/convertible-security/?utm_source=rss&utm_medium=rss&utm_campaign=convertible-security https://company-express.com/offshore-glossary/convertible-security/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/convertible-security/ Convertible security* Bond, preferred stock, or debenture that is exchangeable for another type of security at the option of the holder for common stock of the issuing corporation.

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Copyright* https://company-express.com/offshore-glossary/copyright/?utm_source=rss&utm_medium=rss&utm_campaign=copyright https://company-express.com/offshore-glossary/copyright/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/copyright/ Copyright* The exclusive right to make and dispose of copies of original work. Copyright only permits certain individuals the right to reproduce an original work.

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The post Copyright* appeared first on Company Express.

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Corporate indicator* https://company-express.com/offshore-glossary/corporate-indicator/?utm_source=rss&utm_medium=rss&utm_campaign=corporate-indicator https://company-express.com/offshore-glossary/corporate-indicator/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/corporate-indicator/ Corporate indicator* A word or an abbreviation of a word that must be included in a corporation’s name to indicate that the named entity is a corporation. Valid corporate indicators include: incorporated, corporation, limited, company, inc., corp., ltd. and co. The list of acceptable corporate indicators will vary depending upon the jurisdiction in which the corporation is registered.

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Corporate kit* https://company-express.com/offshore-glossary/corporate-kit/?utm_source=rss&utm_medium=rss&utm_campaign=corporate-kit https://company-express.com/offshore-glossary/corporate-kit/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/corporate-kit/ Corporate kit* A binder usually containing essential items for the routine maintenance and administration of a corporation or limited liability company. Corporate kits usually include sample minutes and bylaws, stock certificates, a corporate seal, stock ledger, etc.

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Corporate Name* https://company-express.com/offshore-glossary/corporate-name/?utm_source=rss&utm_medium=rss&utm_campaign=corporate-name https://company-express.com/offshore-glossary/corporate-name/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/corporate-name/ Corporate Name* The registered name under which the corporation must conduct business. The corporation must do all legal acts, including litigation, under its exact registered corporate name. The corporation may also have a Business Name.

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Corporate Records* https://company-express.com/offshore-glossary/corporate-records/?utm_source=rss&utm_medium=rss&utm_campaign=corporate-records https://company-express.com/offshore-glossary/corporate-records/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/corporate-records/ Corporate Records (Record book)* Corporate records usually take the form of a corporate record book. Carefully maintaining records is very important to assure limited liability to the corporate shareholders. The records should include a copy of the articles of incorporation, bylaws, initial and subsequent minutes of all shareholder and director meetings, and a stock register for keeping track of stock ...

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Corporation* https://company-express.com/offshore-glossary/corporation/?utm_source=rss&utm_medium=rss&utm_campaign=corporation https://company-express.com/offshore-glossary/corporation/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/corporation/ Corporation* The most common form of business organization. A corporation is a legal entity created through the laws of its state of incorporation and given many legal rights as an entity, separate from its owners. Characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and perpetual existence. The law treats a corporation as ...

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Corporation law* https://company-express.com/offshore-glossary/corporation-law/?utm_source=rss&utm_medium=rss&utm_campaign=corporation-law https://company-express.com/offshore-glossary/corporation-law/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/corporation-law/ Corporation law* The statutory provisions of a state relating to domestic and foreign corporations.

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Cumulative Dividends* https://company-express.com/offshore-glossary/cumulative-dividends/?utm_source=rss&utm_medium=rss&utm_campaign=cumulative-dividends https://company-express.com/offshore-glossary/cumulative-dividends/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/cumulative-dividends/ Cumulative Dividends* Dividends on preferred shares, which carry over from one year to the next if a preference dividend is omitted. Provisions require that unpaid accumulated preferred stock dividends must be paid before any common stock dividends are.

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Cumulative Voting* https://company-express.com/offshore-glossary/cumulative-voting/?utm_source=rss&utm_medium=rss&utm_campaign=cumulative-voting https://company-express.com/offshore-glossary/cumulative-voting/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/cumulative-voting/ Cumulative Voting* A system of voting shares of stock used in some states in which shareholder’s total number of votes is equal to the number of shares held times the number of candidates. This gives minority shareholders more power, by allowing them to cast all of their board of director votes for a single candidate, as opposed to regular or ...

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Dividend* https://company-express.com/offshore-glossary/dividend/?utm_source=rss&utm_medium=rss&utm_campaign=dividend https://company-express.com/offshore-glossary/dividend/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/dividend/ Dividend* Distribution of the earnings of a corporation declared by a company’s board of directors and given to its shareholders out of the company’s current or retained earnings. Usually quarterly. Usually given as cash (cash dividend), but it can also take the form of stock (stock dividend) or other property. Also called payout.

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Domicile https://company-express.com/offshore-glossary/domicile/?utm_source=rss&utm_medium=rss&utm_campaign=domicile https://company-express.com/offshore-glossary/domicile/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/domicile/ Domicile – The place where an individual has his permanent home, or to which he intends to return, or in some cases the country of origin. In other jurisdictions the place where an individual has a long established residence or in relation to a company, where it is incorporated.

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Domiciliary https://company-express.com/offshore-glossary/domiciliary/?utm_source=rss&utm_medium=rss&utm_campaign=domiciliary https://company-express.com/offshore-glossary/domiciliary/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/domiciliary/ Domiciliary – A person who is domiciled in a particular jurisdiction (as a country).

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Dormant Company https://company-express.com/offshore-glossary/dormant-company/?utm_source=rss&utm_medium=rss&utm_campaign=dormant-company https://company-express.com/offshore-glossary/dormant-company/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/dormant-company/ Dormant Company – A company that is not currently trading. It has a registered name, directors, articles of association, and so on. But it has no turnover.

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Double Taxation Agreement https://company-express.com/offshore-glossary/double-taxation-agreement/?utm_source=rss&utm_medium=rss&utm_campaign=double-taxation-agreement https://company-express.com/offshore-glossary/double-taxation-agreement/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/double-taxation-agreement/ Double Taxation Agreement (or Double Tax Treaty) – Agreement between two countries intended to relieve persons who would otherwise be subject to tax in both countries from being taxed twice in respect of the same transactions or events.

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Draft https://company-express.com/offshore-glossary/draft/?utm_source=rss&utm_medium=rss&utm_campaign=draft https://company-express.com/offshore-glossary/draft/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/draft/ Draft – A signed, written order by which one party (the drawer) instructs another party (the drawee) to pay a specified sum to a third party (the payee), at sight or at a specific date.

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Due Diligence https://company-express.com/offshore-glossary/due-diligence/?utm_source=rss&utm_medium=rss&utm_campaign=due-diligence https://company-express.com/offshore-glossary/due-diligence/#respond Wed, 01 Jul 2015 10:16:36 +0000 https://company-express.com/dictionary/due-diligence/ Due Diligence – Research and analysis of a company or organization done in preparation for a business transaction (including an analysis of the business’s structure, an examination of the business’s financial health, the credibility of the business’s owners, directors, the future potential, an assessment of the risk involved in a company’s business, a company’s business plan etc).

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Bearer instrument* https://company-express.com/offshore-glossary/bearer-instrument/?utm_source=rss&utm_medium=rss&utm_campaign=bearer-instrument https://company-express.com/offshore-glossary/bearer-instrument/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/bearer-instrument/ Bearer instrument* A negotiable instrument which is payable to a bearer or the order of a bearer; a specified person or bearer; or ‘cash’ or the order ‘cash,’ or any other indication that does not purport to designate a specific payee.

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Blue Sky Laws* https://company-express.com/offshore-glossary/blue-sky-laws/?utm_source=rss&utm_medium=rss&utm_campaign=blue-sky-laws https://company-express.com/offshore-glossary/blue-sky-laws/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/blue-sky-laws/ Blue Sky Laws* State laws and regulations governing the issuance and sale of securities and mutual funds, designed to protect investors from being lured into fraudulent or unscrupulous deals, offering nothing more than “blue sky.”

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Board of directors* https://company-express.com/offshore-glossary/board-of-directors/?utm_source=rss&utm_medium=rss&utm_campaign=board-of-directors https://company-express.com/offshore-glossary/board-of-directors/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/board-of-directors/ Board of directors* Individuals elected by a corporation’s shareholders to oversee the management of the corporation. The members of a Board of Directors are paid in cash and/or stock, meet several times each year, and assume legal responsibility for corporate activities. A board of directors decides, among other issues, if and when dividends will be paid to stockholders. Also called ...

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Bond* https://company-express.com/offshore-glossary/bond/?utm_source=rss&utm_medium=rss&utm_campaign=bond https://company-express.com/offshore-glossary/bond/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/bond/ Bond* A debt instrument issued for a period of more than one year with the purpose of raising capital by borrowing. The Federal government, states, cities, corporations, and many other types of institutions sell bonds. A bond is generally a written promise to repay loan at a specified interest rate. Bonds are considered less risky investments than stocks. A bond’s ...

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Book Value* https://company-express.com/offshore-glossary/book-value/?utm_source=rss&utm_medium=rss&utm_campaign=book-value https://company-express.com/offshore-glossary/book-value/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/book-value/ Book Value* A company’s common stock equity or net asset value as it appears on a balance sheet, equal to total assets minus liabilities, preferred stock, and intangible assets such as goodwill. Book value often differs substantially from market price, especially in highly skilled industries such as technology.

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Business Judgment Rule* https://company-express.com/offshore-glossary/business-judgment-rule/?utm_source=rss&utm_medium=rss&utm_campaign=business-judgment-rule https://company-express.com/offshore-glossary/business-judgment-rule/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/business-judgment-rule/ Business Judgment Rule* A rule of law, which prevents directors of a corporation from being held personally liable for unwise business decisions if the decision was informed and not tainted by self-interest.

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Business corporation act* https://company-express.com/offshore-glossary/business-corporation-act/?utm_source=rss&utm_medium=rss&utm_campaign=business-corporation-act https://company-express.com/offshore-glossary/business-corporation-act/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/business-corporation-act/ Business corporation act* A business corporation act is the collection of laws in each state that governs corporations.

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Business Name* https://company-express.com/offshore-glossary/business-name/?utm_source=rss&utm_medium=rss&utm_campaign=business-name https://company-express.com/offshore-glossary/business-name/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/business-name/ Business Name* The name used by a business to identify itself to the general public. A corporation’s Business Name may differ from its registered corporate name if the required government registrations are completed.

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Bylaws* https://company-express.com/offshore-glossary/bylaws/?utm_source=rss&utm_medium=rss&utm_campaign=bylaws https://company-express.com/offshore-glossary/bylaws/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/bylaws/ Bylaws* Bylaws are the rules and regulations adopted by a corporation for its internal governance. It usually contains provisions relating to shareholders, directors, officers and general corporate business. They are usually adopted at the first shareholders’ meeting. Bylaws are a private document not filed with any state authority. Bylaws are more flexible than the articles of incorporation because they are ...

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Certificate of Incorporation https://company-express.com/offshore-glossary/certificate-of-incorporation/?utm_source=rss&utm_medium=rss&utm_campaign=certificate-of-incorporation https://company-express.com/offshore-glossary/certificate-of-incorporation/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/certificate-of-incorporation/ Certificate of Incorporation – The evidence of incorporation and registration of the legal entity with the authorities of the jurisdiction. It includes basic information about the company including the name, date and place of registration, entry number in the register, etc.

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Certificate of Good Standing https://company-express.com/offshore-glossary/certificate-of-good-standing/?utm_source=rss&utm_medium=rss&utm_campaign=certificate-of-good-standing https://company-express.com/offshore-glossary/certificate-of-good-standing/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/certificate-of-good-standing/ Certificate of Good Standing – The official attestation by the authorities of a jurisdiction of incorporation, which states that the company actually exists and is in compliance with the requirements of the local laws (timely payment of annual fees and local taxes; filing the company’s annual statements and returns where applicable).

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Certificate of Incumbency https://company-express.com/offshore-glossary/certificate-of-incumbency/?utm_source=rss&utm_medium=rss&utm_campaign=certificate-of-incumbency https://company-express.com/offshore-glossary/certificate-of-incumbency/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/certificate-of-incumbency/ Certificate of Incumbency – the official attestation issued by its registered agent or the authorities of the jurisdiction of incorporation, which states that the persons listed are actually directors of the company.

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Companies Act https://company-express.com/offshore-glossary/companies-act/?utm_source=rss&utm_medium=rss&utm_campaign=companies-act https://company-express.com/offshore-glossary/companies-act/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/companies-act/ Companies Act or Ordinance – Legislation enacted by a tax haven to provide for the incorporation, registration and operation of international business companies (IBCs). Commonly found in Caribbean tax havens.

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Corporate Redomiciliation https://company-express.com/offshore-glossary/corporate-redomiciliation/?utm_source=rss&utm_medium=rss&utm_campaign=corporate-redomiciliation https://company-express.com/offshore-glossary/corporate-redomiciliation/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/corporate-redomiciliation/ Corporate Redomiciliation – It is the process by which a company moves its domicile from one jurisdiction to another by changing the country under whose laws it is registered or incorporated, while maintaining the same legal identity. Some offshore jurisdictions allow corporations incorporated in other jurisdictions to reincorporate in their own at will.

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Custodian https://company-express.com/offshore-glossary/custodian/?utm_source=rss&utm_medium=rss&utm_campaign=custodian https://company-express.com/offshore-glossary/custodian/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/custodian/ Custodian – A bank, financial institution or other entity that has the responsibility to manage or administer the custody or other safekeeping of assets for other persons or institutions.

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Captive (Re)insurance Company https://company-express.com/offshore-glossary/captive-reinsurance-company/?utm_source=rss&utm_medium=rss&utm_campaign=captive-reinsurance-company https://company-express.com/offshore-glossary/captive-reinsurance-company/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/captive-reinsurance-company/ Captive (Re)insurance Company – Such a company is a specialized subsidiary of a non-insurance ‘parent’: a parent company, holding or association. Its primary goal is to improve risk management of the parent’s business while optimizing cash flows and tax-planning issues.

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Certificate of Formation https://company-express.com/offshore-glossary/certificate-of-formation/?utm_source=rss&utm_medium=rss&utm_campaign=certificate-of-formation https://company-express.com/offshore-glossary/certificate-of-formation/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/certificate-of-formation/ Certificate of Formation – The document of a Delaware LLC corresponding to the Certificate of Incorporation for a corporation.

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Certificate of Incumbency https://company-express.com/offshore-glossary/certificate-of-incumbency-2/?utm_source=rss&utm_medium=rss&utm_campaign=certificate-of-incumbency-2 https://company-express.com/offshore-glossary/certificate-of-incumbency-2/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/certificate-of-incumbency-2/ Certificate of Incumbency – A Certificate of Incumbency (CI) of a company (e.g., an International Business Company) is issued by its registered agent or authorities of the jurisdiction of incorporation. The document attests that the person(s) listed is (are) actually director(s) of the company. The CI is often requested by local authorities when a foreign legal entity is forming a ...

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Common Law https://company-express.com/offshore-glossary/common-law/?utm_source=rss&utm_medium=rss&utm_campaign=common-law https://company-express.com/offshore-glossary/common-law/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/common-law/ Common Law – The system of law that is widely used in England, USA, and in the most of the British Commonwealth countries. As opposed to the civil law system based on statutes and codes, common law court decisions are derived from precedents, i.e. past court decisions. Most Offshore Financial Centers have used common law as the basis for their ...

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Company limited by guarantee https://company-express.com/offshore-glossary/company-limited-by-guarantee/?utm_source=rss&utm_medium=rss&utm_campaign=company-limited-by-guarantee https://company-express.com/offshore-glossary/company-limited-by-guarantee/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/company-limited-by-guarantee/ Company limited by guarantee – A company in which members’ liability is limited to the amount they have agreed to contribute to the company’s assets if it is wound up.

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Company limited by shares https://company-express.com/offshore-glossary/company-limited-by-shares/?utm_source=rss&utm_medium=rss&utm_campaign=company-limited-by-shares https://company-express.com/offshore-glossary/company-limited-by-shares/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/company-limited-by-shares/ A company limited by shares – Such company members’ liability is limited to the amount unpaid on shares they hold.

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Credit Card https://company-express.com/offshore-glossary/credit-card/?utm_source=rss&utm_medium=rss&utm_campaign=credit-card https://company-express.com/offshore-glossary/credit-card/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/credit-card/ Credit Card – A plastic card with a magnetic strip on its reverse side. A credit card holder is entitled to purchase goods or services on credit provided by the card issuer (a bank or business) as well as make cash withdrawals via ATMs.

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Capital Gain* https://company-express.com/offshore-glossary/capital-gain/?utm_source=rss&utm_medium=rss&utm_campaign=capital-gain https://company-express.com/offshore-glossary/capital-gain/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/capital-gain/ Capital Gain* The amount by which an asset’s selling price exceeds its initial purchase price. A realized capital gain is an investment that has been sold at a profit. An unrealized capital gain is an investment that hasn’t been sold yet but would result in a profit if sold. Capital gain is often used to mean realized capital gain.

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Capitalization* https://company-express.com/offshore-glossary/capitalization/?utm_source=rss&utm_medium=rss&utm_campaign=capitalization https://company-express.com/offshore-glossary/capitalization/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/capitalization/ Capitalization* The sum of a corporation’s long-term debt, stock, surpluses and retained earnings. Also called invested capital.

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Capital Loss* https://company-express.com/offshore-glossary/capital-loss/?utm_source=rss&utm_medium=rss&utm_campaign=capital-loss https://company-express.com/offshore-glossary/capital-loss/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/capital-loss/ Capital Loss* The loss incurred when a capital asset is sold or exchanged for a lower price than the purchase price. It is an opposite of capital gain.

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Cash Method of Accounting* https://company-express.com/offshore-glossary/cash-method-of-accounting/?utm_source=rss&utm_medium=rss&utm_campaign=cash-method-of-accounting https://company-express.com/offshore-glossary/cash-method-of-accounting/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/cash-method-of-accounting/ Cash Method of Accounting* An accounting method under which income is subject to tax when actually received and deductions are allowed when actually paid.

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Capital Stock* https://company-express.com/offshore-glossary/capital-stock/?utm_source=rss&utm_medium=rss&utm_campaign=capital-stock https://company-express.com/offshore-glossary/capital-stock/#respond Wed, 01 Jul 2015 10:16:35 +0000 https://company-express.com/dictionary/capital-stock/ Capital Stock* The number of shares authorized for issuance by a company’s charter, including both common stock and preferred stock.

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ATM https://company-express.com/offshore-glossary/atm/?utm_source=rss&utm_medium=rss&utm_campaign=atm https://company-express.com/offshore-glossary/atm/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/atm/ ATM – An acronym, which stands for Automatic Teller Machine. It’s a fully automatic electronic machine providing some banking services (i.e. cash withdrawal) to the owners of credit and debit Cards.

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Accrual Method of Accounting* https://company-express.com/offshore-glossary/accrual-method-of-accounting/?utm_source=rss&utm_medium=rss&utm_campaign=accrual-method-of-accounting https://company-express.com/offshore-glossary/accrual-method-of-accounting/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/accrual-method-of-accounting/ Accrual Method of Accounting* A method of reporting income when earned and expenses when incurred, as opposed to reporting income when received and expenses when paid. Obligations payable to or by a taxpayer are treated as if they are discharged when they are incurred.

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Acquisition* https://company-express.com/offshore-glossary/acquisition/?utm_source=rss&utm_medium=rss&utm_campaign=acquisition https://company-express.com/offshore-glossary/acquisition/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/acquisition/ Acquisition* Obtaining control of another corporation called a target by purchasing or exchanging all or a majority of its outstanding shares, or by purchasing its assets, either hostile or friendly. Also called Takeover.

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Administrative dissolution* https://company-express.com/offshore-glossary/administrative-dissolution/?utm_source=rss&utm_medium=rss&utm_campaign=administrative-dissolution https://company-express.com/offshore-glossary/administrative-dissolution/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/administrative-dissolution/ Administrative dissolution* The involuntary dissolution of a corporation by the Secretary of State, or other equivalent state authority, due to the corporation’s failure to follow certain statutory requirements, such as annual report filing, taxpaying or a valid registered Agent maintaining requirements.

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Adoption * https://company-express.com/offshore-glossary/adoption/?utm_source=rss&utm_medium=rss&utm_campaign=adoption https://company-express.com/offshore-glossary/adoption/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/adoption/ Adoption* This is a contract principle whereby a person agrees to assume a contract previously made for his or her benefit. This concept is applied when a newly formed corporation accepts a pre-incorporation contract made for its benefit by a promoter.

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Advisory board of directors* https://company-express.com/offshore-glossary/advisory-board-of-directors/?utm_source=rss&utm_medium=rss&utm_campaign=advisory-board-of-directors https://company-express.com/offshore-glossary/advisory-board-of-directors/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/advisory-board-of-directors/ Advisory board of directors* A less formal alternative to a board of directors, appointed to advise an elected board of directors and management of a corporation. A company’s advisory board usually consists of 3 to 7 members, and meets periodically but doesn’t have authority to vote on corporation matters or legal responsibility for operations.

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Affiliate* https://company-express.com/offshore-glossary/affiliate/?utm_source=rss&utm_medium=rss&utm_campaign=affiliate https://company-express.com/offshore-glossary/affiliate/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/affiliate/ Affiliate* A corporation that is related to another corporation by share management, ownership or other means of control (such as parent/subsidiaries or corporations under common control)

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Agent* https://company-express.com/offshore-glossary/agent/?utm_source=rss&utm_medium=rss&utm_campaign=agent https://company-express.com/offshore-glossary/agent/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/agent/ Agent* An individual or firm authorized to represent and act on behalf of another person or business (called the principal) in transactions involving a third party. Unlike an employee who merely works for the principal, an agent works in place of the principal. An agent is subject to control and orders of the principal, but he does not have a ...

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Aggregate Par Value* https://company-express.com/offshore-glossary/aggregate-par-value/?utm_source=rss&utm_medium=rss&utm_campaign=aggregate-par-value https://company-express.com/offshore-glossary/aggregate-par-value/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/aggregate-par-value/ Aggregate Par Value* The par value multiplied by the number of authorized shares. This amount is important in determining initial fees and annual franchise taxes in many states.

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Amended certificate of authority* https://company-express.com/offshore-glossary/amended-certificate-of-authority/?utm_source=rss&utm_medium=rss&utm_campaign=amended-certificate-of-authority https://company-express.com/offshore-glossary/amended-certificate-of-authority/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/amended-certificate-of-authority/ Amended certificate of authority* A document issued by a state to a foreign corporation attesting that the corporation has amended its original certificate of authority.

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Amendment* https://company-express.com/offshore-glossary/amendment/?utm_source=rss&utm_medium=rss&utm_campaign=amendment https://company-express.com/offshore-glossary/amendment/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/amendment/ Amendment* A change or addition to legal documents which, when properly signed, have the same legal power as the original documents.

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Amortization* https://company-express.com/offshore-glossary/amortization/?utm_source=rss&utm_medium=rss&utm_campaign=amortization https://company-express.com/offshore-glossary/amortization/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/amortization/ Amortisation* The gradual elimination of liability (a loan), such as a mortgage through regular payments throughout the estimated life of the asset on which the investment is made or secured. Such fees must be sufficient to cover both principal and interest. For fixed assets, depreciation is the allowance for wear-out. For natural resources, depletion is the allowance for the wasting ...

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Annual Meeting of Shareholders* https://company-express.com/offshore-glossary/annual-meeting-of-shareholders/?utm_source=rss&utm_medium=rss&utm_campaign=annual-meeting-of-shareholders https://company-express.com/offshore-glossary/annual-meeting-of-shareholders/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/annual-meeting-of-shareholders/ Annual Meeting of Shareholders* A once-a-year meeting of stockholders (usually held at the end of each fiscal year) where the managers of a company report the year’s results, the board of directors stand for election for the next year, and those present provide a forum for discussion or voting on pivotal issues of the company. Usually presided by the Chairman ...

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Annual Meeting of Directors* https://company-express.com/offshore-glossary/annual-meeting-of-directors/?utm_source=rss&utm_medium=rss&utm_campaign=annual-meeting-of-directors https://company-express.com/offshore-glossary/annual-meeting-of-directors/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/annual-meeting-of-directors/ Annual Meeting of Directors* A meeting held each year to elect officers of a corporation, and to address other corporate matters. Usually follows immediately after an Annual Meeting of Shareholders.

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Annual report* https://company-express.com/offshore-glossary/annual-report/?utm_source=rss&utm_medium=rss&utm_campaign=annual-report https://company-express.com/offshore-glossary/annual-report/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/annual-report/ Annual report* Audited document required by the Securities and Exchange Commission (SEC) and sent to a public company or mutual fund’s shareholder(s) at the end of each fiscal year, detailing the company’s preceding year’s financial results and plans for the upcoming year. The report contains financial information about a company’s assets, liabilities, earnings, profits, an auditor’s statement and other year-end ...

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Annual Return* https://company-express.com/offshore-glossary/annual-return/?utm_source=rss&utm_medium=rss&utm_campaign=annual-return https://company-express.com/offshore-glossary/annual-return/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/annual-return/ Annual Return* A document required to be filed in the jurisdiction of incorporation once a year, which confirms certain basic information about the structure of a Corporation, such as the increase in value of an investment, expressed as a percentage per year and taking into consideration the effects of compounding.

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Application for certificate of authority* https://company-express.com/offshore-glossary/application-for-certificate-of-authority/?utm_source=rss&utm_medium=rss&utm_campaign=application-for-certificate-of-authority https://company-express.com/offshore-glossary/application-for-certificate-of-authority/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/application-for-certificate-of-authority/ Application for certificate of authority* The form issued by a state corporation authority (e.g. Secretary of State) and filed in many states to qualify a corporation to transact business as a foreign corporation.

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Articles of Incorporation* https://company-express.com/offshore-glossary/articles-of-incorporation/?utm_source=rss&utm_medium=rss&utm_campaign=articles-of-incorporation https://company-express.com/offshore-glossary/articles-of-incorporation/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/articles-of-incorporation/ Articles of Incorporation* A document filed with a state of the United States by the founders of a corporation. Upon approval of the articles, the state issues a Certificate of Incorporation that legally establishes the corporation as a business entity. The two documents together (Articles of Incorporation and Certificate of Incorporation) are sometimes called the Charter of the corporation, embodying ...

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Articles of Organization* https://company-express.com/offshore-glossary/articles-of-organization/?utm_source=rss&utm_medium=rss&utm_campaign=articles-of-organization https://company-express.com/offshore-glossary/articles-of-organization/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/articles-of-organization/ Articles of Organization* The articles, required to file with the proper state authorities to begin the existence of a limited liability company (LLC). The articles of organization are very similar to a corporation’s articles of incorporation. Also known as articles of formation.

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Asset* https://company-express.com/offshore-glossary/asset/?utm_source=rss&utm_medium=rss&utm_campaign=asset https://company-express.com/offshore-glossary/asset/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/asset/ Asset* Anything of value that is owned by a business or an individual. Assets are financial, such as cash; physical, such as real property; tangible, such as a patent or stock; or intangible, such as bonds or goodwill. On a balance sheet, assets always equal the sum of liabilities, common stock, preferred stock, and retained earnings.

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Assumed Name* https://company-express.com/offshore-glossary/assumed-name/?utm_source=rss&utm_medium=rss&utm_campaign=assumed-name https://company-express.com/offshore-glossary/assumed-name/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/assumed-name/ Assumed Name* Not the shown name in its articles of incorporation, under which a corporation or other business organisation conducts business. Also referred to as a fictitious name, a trading name or ‘doing business as’ (d/b/a). Many states require the filing of registration to conduct business under an assumed name in their territories.

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Authorized Shares* https://company-express.com/offshore-glossary/authorized-shares/?utm_source=rss&utm_medium=rss&utm_campaign=authorized-shares https://company-express.com/offshore-glossary/authorized-shares/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/authorized-shares/ Authorized Shares* The number of shares of each class of stock that is allowed by the articles of incorporation, and that represents the maximum capital investment in the corporation as permitted by the charter. It can be changed with shareholder approval. The books of the corporation show the number of shares issued and outstanding, the number of shares of treasury ...

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Bank Secrecy https://company-express.com/offshore-glossary/bank-secrecy/?utm_source=rss&utm_medium=rss&utm_campaign=bank-secrecy https://company-express.com/offshore-glossary/bank-secrecy/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/bank-secrecy/ Bank Secrecy – In most countries, one of the terms of the relationship between banker and customer is that the banker will keep the customer’s affairs secret. Staff members are normally required to sign a declaration of secrecy as regards the business of the banks. Where numbered accounts are used their purpose is to limit the number of persons who ...

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Bearer Share Certificate https://company-express.com/offshore-glossary/bearer-share-certificate/?utm_source=rss&utm_medium=rss&utm_campaign=bearer-share-certificate https://company-express.com/offshore-glossary/bearer-share-certificate/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/bearer-share-certificate/ Bearer Share Certificate (Bearer Shares) – A share certificate filled out in the name of “bearer” and not to a particular person or organization. The name of the owner is not registered in the books of the company. Bearer shares grant ownership rights to any individual who is in actual physical possession of the certificates. It may be transferred in ...

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Beneficial owner https://company-express.com/offshore-glossary/beneficial-owner/?utm_source=rss&utm_medium=rss&utm_campaign=beneficial-owner https://company-express.com/offshore-glossary/beneficial-owner/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/beneficial-owner/ Beneficial owner (Beneficiary) – A natural person or a legal entity enjoying the right to receive benefits of a trust or IBC upon conditions established by the settlor in a trust deed.

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Bye-Laws https://company-express.com/offshore-glossary/bye-laws/?utm_source=rss&utm_medium=rss&utm_campaign=bye-laws https://company-express.com/offshore-glossary/bye-laws/#respond Wed, 01 Jul 2015 10:16:34 +0000 https://company-express.com/dictionary/bye-laws/ Bye-Laws or By-Laws (also Articles of Association) – Articles of Association of a company (in certain jurisdictions).

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Administrative Office https://company-express.com/offshore-glossary/administrative-office/?utm_source=rss&utm_medium=rss&utm_campaign=administrative-office https://company-express.com/offshore-glossary/administrative-office/#respond Wed, 01 Jul 2015 10:16:33 +0000 https://company-express.com/dictionary/administrative-office/ Administrative Office – An administrative office is frequently located in a country other than that of the headquarters office, the parent company or a country of operation. The role of such an administrative office may be to co-ordinate international or regional activities, to provide particular services (such as management analysis, financial or other related services) or to perform a given ...

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Annual Fees https://company-express.com/offshore-glossary/annual-fees/?utm_source=rss&utm_medium=rss&utm_campaign=annual-fees https://company-express.com/offshore-glossary/annual-fees/#respond Wed, 01 Jul 2015 10:16:33 +0000 https://company-express.com/dictionary/annual-fees/ Annual Fees – A comparatively small fixed renewal fees a typical offshore company pays annually to the authorities of the jurisdiction of incorporation and to the Registered Agent.

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Annuitant https://company-express.com/offshore-glossary/annuitant/?utm_source=rss&utm_medium=rss&utm_campaign=annuitant https://company-express.com/offshore-glossary/annuitant/#respond Wed, 01 Jul 2015 10:16:33 +0000 https://company-express.com/dictionary/annuitant/ Annuitant – The beneficiary or beneficiaries (in a last-to-die arrangement) of an annuity who receives a stream of payments pursuant to the terms of the annuity contract.

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Annuity https://company-express.com/offshore-glossary/annuity/?utm_source=rss&utm_medium=rss&utm_campaign=annuity https://company-express.com/offshore-glossary/annuity/#respond Wed, 01 Jul 2015 10:16:33 +0000 https://company-express.com/dictionary/annuity/ Annuity – Basically annuity refers to an insurance contract and is defined as series of payments of set size and frequency, often to a retired person. The term annuity is used to refer to any terminating stream of fixed payments over a specified period of time for repayment of the received credit, the loan and percent on it.

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Apostille https://company-express.com/offshore-glossary/apostille/?utm_source=rss&utm_medium=rss&utm_campaign=apostille https://company-express.com/offshore-glossary/apostille/#respond Wed, 01 Jul 2015 10:16:33 +0000 https://company-express.com/dictionary/apostille/ Apostille – A special written authentication of a public document (e.g. Certificate of Good Standing) issued in accordance with the standards of the Hague Convention of 1961. Documents issued in a convention country, which have been certified by an Apostille, are recognised in other convention countries without any further authentication.

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Articles of Association https://company-express.com/offshore-glossary/articles-of-association/?utm_source=rss&utm_medium=rss&utm_campaign=articles-of-association https://company-express.com/offshore-glossary/articles-of-association/#respond Wed, 01 Jul 2015 10:16:33 +0000 https://company-express.com/dictionary/articles-of-association/ Articles of Association – Regulations for governing the rights and duties of the members of a company among themselves. Articles deal with internal matters such as general meetings, appointment of directors, issue and transfer of shares, dividends, accounts and audits.

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Asset protection https://company-express.com/offshore-glossary/asset-protection/?utm_source=rss&utm_medium=rss&utm_campaign=asset-protection https://company-express.com/offshore-glossary/asset-protection/#respond Wed, 01 Jul 2015 10:16:33 +0000 https://company-express.com/dictionary/asset-protection/ Asset protection – The legal steps a natural or legal person undertakes to protect his/her/its assets from possible seizure by creditors.

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Jurisdiction of the month: Hong Kong https://company-express.com/news/jurisdiction-of-the-month-hong-kong/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction-of-the-month-hong-kong https://company-express.com/news/jurisdiction-of-the-month-hong-kong/#respond Mon, 08 Jun 2015 14:40:26 +0000 https://company-express.com/?p=1828 Geography, population, languages Hong Kong is located in the South China Sea, 160 km south-east of Guanzhou. Hong Kong consists of a large number of islands and a part of the mainland, with a total area of approximately 1,025 sq. km. The principal areas are Hong Kong Island, Kowloon and the New Territories. Separating Hong Kong Island and the Kowloon ...

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Jurisdiction of the month: Gibraltar https://company-express.com/news/jurisdiction-of-the-month-gibraltar/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction-of-the-month-gibraltar https://company-express.com/news/jurisdiction-of-the-month-gibraltar/#respond Thu, 30 Apr 2015 12:30:47 +0000 https://company-express.com/?p=1647 Geography, Population, Languages The Gibraltar Peninsula is situated at the southernmost tip of Spain and faces North Africa some 32 km across the Straits of Gibraltar. The area of Gibraltar is 6.5 sq. km. and its population is about 30,000. It is a bilingual country where both English and Spanish are spoken, though English is considered the official language of ...

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Vivienne Westood tax practices https://company-express.com/news/vivienne-westood-tax-practices/?utm_source=rss&utm_medium=rss&utm_campaign=vivienne-westood-tax-practices https://company-express.com/news/vivienne-westood-tax-practices/#respond Thu, 16 Apr 2015 10:55:47 +0000 https://company-express.com/?p=1643 Recent British fashion designer Vivienne Westwood’s company accounts show that her main UK business is paying £2 million a year to a company set up in Luxembourg for the right to use her name on her own fashion label. In 2013, the UK company registered an operating profit of £3.2 million and a corporation tax bill on that of £780,000. By paying ...

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Jurisdiction of the month: Cayman Islands https://company-express.com/news/jurisdiction-of-the-month-cayman-islands/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction-of-the-month-cayman-islands https://company-express.com/news/jurisdiction-of-the-month-cayman-islands/#respond Wed, 25 Mar 2015 07:52:43 +0000 https://company-express.com/?p=1633 Geography, Population, Languages The Cayman Islands are a group of islands situated in the Caribbean Sea (West Indies) approximately 500 miles south of Miami, Florida. There are three low-lying islands: the main island, Grand Cayman, is situated approximately 1,150 km south of Florida; then there is Little Cayman, and Cayman-Brac. The total area of the three islands is 260 sq. ...

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Jurisdiction of the month: Belize https://company-express.com/news/jurisdiction-of-the-month-belize/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction-of-the-month-belize https://company-express.com/news/jurisdiction-of-the-month-belize/#respond Tue, 24 Feb 2015 13:29:42 +0000 https://company-express.com/?p=1561 Geography, Population, Languages Belize (before 1973 British Honduras) is a picturesque country that has an unspoiled environment, with barrier reefs, woodland, caves, rivers, mountains, waterfalls and jungle. It is located in Central America in the south-eastern part of the Yucatan Peninsula. Its shores are washed by the Caribbean Sea. The area of the country is approximately 23,000 sq. km, and ...

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DTA talks between Liechtenstein and Switzerland https://company-express.com/news/dta-talks-liechtenstein-switzerland/?utm_source=rss&utm_medium=rss&utm_campaign=dta-talks-liechtenstein-switzerland https://company-express.com/news/dta-talks-liechtenstein-switzerland/#respond Fri, 20 Feb 2015 07:09:16 +0000 https://company-express.com/?p=1549 Liechtenstein and Switzerland have reached a new double tax agreement which should enter into force from January 2017. According to Switzerland’s Federal Department of Finance, the talks concluded on the 2nd of February. It is expected that the agreement will be signed this summer and will become active from the 1st of January, 2017. The DTA is based on the ...

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Cyprus has three new active tax treaties https://company-express.com/news/cyprus-three-new-active-tax-treaties/?utm_source=rss&utm_medium=rss&utm_campaign=cyprus-three-new-active-tax-treaties https://company-express.com/news/cyprus-three-new-active-tax-treaties/#respond Fri, 30 Jan 2015 12:17:03 +0000 https://company-express.com/?p=1539 As of January 1, 2015 Cyprus has three new active double tax avoidance agreements (DTA) with Spain, Norway and Lithuania. The agreements were created based on the Organisation for Economic Co-operation and Development Model Tax Convention framework with a number of modifications. All three treaties apply to taxes on income and gains arising from the disposal of immovable and movable ...

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Jurisdiction of the month: Bahamas https://company-express.com/news/jurisdiction-month-bahamas/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction-month-bahamas https://company-express.com/news/jurisdiction-month-bahamas/#respond Thu, 22 Jan 2015 11:33:54 +0000 https://company-express.com/?p=1531 Geography, Population, Languages The Bahamas are a group of about 700 low-lying islands and 2,300 coral reefs scattered over 250,000 sq. km in the Atlantic Ocean, in the West Indies, to the east of Palm Beach, Florida and to the north of Haiti and Cuba. The three largest islands are Andros (with an area of 6,000 sq. km), Abaco (1,685 ...

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Jersey is considered to be the best financial centre https://company-express.com/news/jersey-considered-best-financial-centre/?utm_source=rss&utm_medium=rss&utm_campaign=jersey-considered-best-financial-centre https://company-express.com/news/jersey-considered-best-financial-centre/#respond Thu, 09 Oct 2014 10:05:54 +0000 https://company-express.com/?p=1315 At the 15th annual International fund and product awards, the jurisdiction of Jersey has been recognized as the best financial centre. The awards are held annually by B2B publishing group Incisive Media. The awards are held in order to acknowledge the international financial centres. The judging committee considered several factors before making their decision, such as the level of service ...

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China and Switzerland FTA is now in force https://company-express.com/news/china-switzerland-fta-now-force/?utm_source=rss&utm_medium=rss&utm_campaign=china-switzerland-fta-now-force https://company-express.com/news/china-switzerland-fta-now-force/#respond Thu, 09 Oct 2014 10:05:03 +0000 https://company-express.com/?p=1313 At the beginning of July last year, an agreement between the two countries was signed in Beijing.  Switzerland was represented by the economy minister Johann Schneider-Ammann and the commerce minister Gao Hucheng signed the agreement on behalf of China. The Agreement came into force at the beginning of July this year and it is understood that the agreement will allow ...

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Bitcoin is currently exempt from VAT in Belgium https://company-express.com/news/bitcoin-currently-exempt-vat-belgium/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-currently-exempt-vat-belgium https://company-express.com/news/bitcoin-currently-exempt-vat-belgium/#respond Thu, 09 Oct 2014 09:40:09 +0000 https://company-express.com/?p=1306 Belgium’s Federal Public Service Finance (FPS) has clarified in their statement that certain domestic digital currency transactions will be VAT exempt. However officers of the agency say that there is a chance that this tax relief may be only temporary. The Belgian position may change depending on the stance of the European Commission. The latter are trying to work on ...

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Jurisdiction of the month: British Virgin Islands https://company-express.com/news/jurisdiction-of-the-month-british-virgin-islands/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction-of-the-month-british-virgin-islands https://company-express.com/news/jurisdiction-of-the-month-british-virgin-islands/#respond Thu, 21 Aug 2014 10:22:18 +0000 https://company-express.com/news/jurisdiction-of-the-month-british-virgin-islands/ Geography, Population, Languages The British Virgin Islands (BVI) are located in the West Indies, in the Eastern Caribbean. They are a group of small islands and coral reefs (about 100 in all) in the northern part of the Lesser Antilles archipelago, to the East of Puerto Rico. The BVI lie to the North-West of the United States Virgin Islands and ...

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Jurisdiction of the month: Cyprus https://company-express.com/news/jurisdiction-of-the-month-cyprus/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction-of-the-month-cyprus https://company-express.com/news/jurisdiction-of-the-month-cyprus/#respond Mon, 23 Jun 2014 10:22:18 +0000 https://company-express.com/news/jurisdiction-of-the-month-cyprus/ Geography, Population, Languages Cyprus is located in the north-eastern part of the Mediterranean, at the cross-roads of Europe, Africa and Asia. It is the largest island in the Eastern Mediterranean. It covers an area of 9,251 sq. km and lies 65 km south of Turkey, 96 km west of Syria, 385 km north of Egypt and some 980 km south-east ...

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Jurisdiction of the month: United Kingdom https://company-express.com/news/jurisdiction-of-the-month-united-kingdom/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction-of-the-month-united-kingdom https://company-express.com/news/jurisdiction-of-the-month-united-kingdom/#respond Fri, 30 May 2014 10:22:18 +0000 https://company-express.com/news/jurisdiction-of-the-month-united-kingdom/ Geography, Population, Languages The British Isles is the name for a collection of about 4000 islands, including Great Britain and Ireland. The United Kingdom of Great Britain and Northern Ireland (the UK), which consists of England, Scotland, Wales and Northern Ireland, lies off the west coast of Europe. It has an area of some 244,100 square kilometres (94,250 sq. miles) ...

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The World Free Zones Organisation, launched in Dubai https://company-express.com/news/the-world-free-zones-organisation-launched-in-dubai/?utm_source=rss&utm_medium=rss&utm_campaign=the-world-free-zones-organisation-launched-in-dubai https://company-express.com/news/the-world-free-zones-organisation-launched-in-dubai/#respond Wed, 28 May 2014 10:22:18 +0000 https://company-express.com/news/the-world-free-zones-organisation-launched-in-dubai/ A new non-profitable organisation is planned to operate as an association of all free trade zones in the world. It is registered in Geneva, Switzerland but it is headquartered in Dubai, UAE. The World Free Zones Organisation will try to increase public awareness of the advantages of the free zones and reach for the standardisation of practices across the industry. ...

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Luxembourg ship registry lowers prices https://company-express.com/news/luxembourg-ship-registry-lowers-prices/?utm_source=rss&utm_medium=rss&utm_campaign=luxembourg-ship-registry-lowers-prices https://company-express.com/news/luxembourg-ship-registry-lowers-prices/#respond Tue, 29 Apr 2014 10:22:18 +0000 https://company-express.com/news/luxembourg-ship-registry-lowers-prices/ The government of the Grand Duchy of Luxembourg has drafted a regulation that allows for lowering ship registration duties. The duties will be calculated based on the vessel’s tonnage, during the first registration in the jurisdiction. The Luxembourg government hopes to boost the competitiveness of jurisdiction’s ship registry by making first registration and renewal fees even. Currently, if a ship ...

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Seychelles, Guernsey sign double taxation agreement https://company-express.com/news/seychelles-guernsey-sign-double-taxation-agreement/?utm_source=rss&utm_medium=rss&utm_campaign=seychelles-guernsey-sign-double-taxation-agreement https://company-express.com/news/seychelles-guernsey-sign-double-taxation-agreement/#respond Mon, 28 Apr 2014 10:22:18 +0000 https://company-express.com/news/seychelles-guernsey-sign-double-taxation-agreement/ On January 27th 2014 a double taxation agreement between Guernsey and Seychelles was signed in London. The Bailiwick of Guernsey was represented by the Minister for Treasury and Resources, Gavin St Pier and the Republic of Seychelles by the High Commissioner for Seychelles, Marie-Pierre Lloyd. The Double Taxation Agreement will provide more certainty in tax matters between the two nations ...

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Jurisdiction of the month: New Zealand https://company-express.com/news/jurisdiction-of-the-month-new-zealand/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction-of-the-month-new-zealand https://company-express.com/news/jurisdiction-of-the-month-new-zealand/#respond Fri, 25 Apr 2014 10:22:18 +0000 https://company-express.com/news/jurisdiction-of-the-month-new-zealand/ Geography, Population, Languages New Zealand lies in the South Pacific Ocean and consists of two main islands (called the North and South Islands) and a number of smaller islands. The land area is 268,680 km2. Additionally, New Zealand has extensive marine resources, including the Exclusive Economic Zone, covering over 4 million km2. New Zealand is easily accessed by air travel ...

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Cash held offshore by international companies rises https://company-express.com/news/cash-held-offshore-by-international-companies-rises/?utm_source=rss&utm_medium=rss&utm_campaign=cash-held-offshore-by-international-companies-rises https://company-express.com/news/cash-held-offshore-by-international-companies-rises/#respond Mon, 31 Mar 2014 10:22:18 +0000 https://company-express.com/news/cash-held-offshore-by-international-companies-rises/ Last year the largest U.S. based companies added $206 billion to their profits held in low-tax countries. That is almost 12 percent more than a year earlier according to data from 307 corporations. The untaxed money keeps piling up and some of the U.S. corporations are choosing to bring it home, but borrowing for any domestic cash needs is preferred. ...

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Jurisdiction of the month: Panama https://company-express.com/news/jurisdiction-of-the-month-panama/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction-of-the-month-panama https://company-express.com/news/jurisdiction-of-the-month-panama/#respond Tue, 25 Mar 2014 10:22:18 +0000 https://company-express.com/news/jurisdiction-of-the-month-panama/ Geography, Population, Languages The Republic of Panama occupies an area of 75,990 square kilometres and is situated between Costa Rica in Central America and Columbia in South America. Panama forms the narrowest isthmus between North and South America, with the Pacific Ocean on one side and the Atlantic on the other. Its capital, Panama City, is on the Pacific coast ...

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Cyprus DTA’s in 2014 https://company-express.com/news/cyprus-dtas-in-2014/?utm_source=rss&utm_medium=rss&utm_campaign=cyprus-dtas-in-2014 https://company-express.com/news/cyprus-dtas-in-2014/#respond Fri, 31 Jan 2014 10:22:18 +0000 https://company-express.com/news/cyprus-dtas-in-2014/ The beginning of 2014 was remarkable for the Republic of Cyprus because five double taxation avoidance agreements took effect. The countries that have expanded their economic relationship with Cyprus are Portugal, Spain, Finland, Estonia and Ukraine. All countries except Ukraine had implemented brand new agreements but after a long wait. The earliest was signed with Estonia in October 2012. The ...

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Jurisdiction of the month: Seychelles https://company-express.com/news/jurisdiction-of-the-month-seychelles/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction-of-the-month-seychelles https://company-express.com/news/jurisdiction-of-the-month-seychelles/#respond Tue, 21 Jan 2014 10:22:18 +0000 https://company-express.com/news/jurisdiction-of-the-month-seychelles/ Geography, Population, Languages The Seychelles are a group of 115 small islands and coral reefs located in the Indian Ocean to the north of Madagascar. The total area of the islands is 451 sq. km. The largest island is Mahe (143 square km), which is also the site of the capital city, Victoria. The population of the Seychelles is about ...

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Foreign banks are with Cyprus https://company-express.com/news/foreign-banks-are-with-cyprus/?utm_source=rss&utm_medium=rss&utm_campaign=foreign-banks-are-with-cyprus https://company-express.com/news/foreign-banks-are-with-cyprus/#respond Mon, 30 Dec 2013 10:22:18 +0000 https://company-express.com/news/foreign-banks-are-with-cyprus/ The Head of the Association of International banks in Cyprus and the Russian Commercial bank Kirill Zimarin, told the press about his optimism. After the meeting with one of the political parties, he stated that the banking system in Cyprus has demonstrated its viability. Mr. Zimarin said that the international financial sector is still strong and there is still a ...

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Jurisdiction of the month: the Marshall Islands https://company-express.com/news/jurisdiction-of-the-month-the-marshall-islands/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction-of-the-month-the-marshall-islands https://company-express.com/news/jurisdiction-of-the-month-the-marshall-islands/#respond Mon, 23 Dec 2013 10:22:18 +0000 https://company-express.com/news/jurisdiction-of-the-month-the-marshall-islands/ Geography, Population, Languages Located midway between Indonesia and Hawaii, the Marshall Islands are the easternmost island group in Micronesia. The Marshall Islands are spread over approximately 2 million sq. km in the Central Pacific, with two 1,280 km long parallel chains of atolls and volcanic islands separated by 179 km of sea. The islands have a population of just over ...

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In a few months, Cyprus will lift capital controls https://company-express.com/news/in-a-few-months-cyprus-will-lift-capital-controls/?utm_source=rss&utm_medium=rss&utm_campaign=in-a-few-months-cyprus-will-lift-capital-controls https://company-express.com/news/in-a-few-months-cyprus-will-lift-capital-controls/#respond Fri, 29 Nov 2013 10:22:18 +0000 https://company-express.com/news/in-a-few-months-cyprus-will-lift-capital-controls/ In an interview, Cyprus finance minister Harris Georgiades said that the state is likely to lift its controls within months. The capital controls established in March were gradually being relaxed since April. According to Mr Georgiades, the restrictions that are currently in place are much looser than they were in March. The control of the capital movement within Cyprus is ...

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Jurisdiction of the month: Delaware https://company-express.com/news/jurisdiction-of-the-month-delaware/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction-of-the-month-delaware https://company-express.com/news/jurisdiction-of-the-month-delaware/#respond Fri, 22 Nov 2013 10:22:18 +0000 https://company-express.com/news/jurisdiction-of-the-month-delaware/ Delaware is a popular choice for organizing corporations and limited liability companies (LLCs), both large and small. Among the reasons for this, it has (i) relatively simple and inexpensive organizing documents and procedures; (ii) relatively low annual fees and franchise taxes, (iii) relatively simple compliance forms/procedures, (iv) an excellent and efficient registration authority, and (v) an excellent/well-developed corporate law and ...

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DTA: Malta and Liechtenstein https://company-express.com/news/dta-malta-and-liechtenstein/?utm_source=rss&utm_medium=rss&utm_campaign=dta-malta-and-liechtenstein https://company-express.com/news/dta-malta-and-liechtenstein/#respond Mon, 28 Oct 2013 10:22:18 +0000 https://company-express.com/news/dta-malta-and-liechtenstein/ On September 27th 2013 Malta and Liechtenstein representatives in New York have signed a double taxation agreement. The document was signed by Malta’s Minister of Foreign Affairs, Mr. George William Vella and his Liechtenstein counterpart Aurelia Frick. The Organization for Economic Cooperation and Development’s Model Convention served as basis for the treaty between two countries concerning taxes on wealth and ...

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TIEA: Switzerland and Isle of Man https://company-express.com/news/tiea-switzerland-and-isle-of-man/?utm_source=rss&utm_medium=rss&utm_campaign=tiea-switzerland-and-isle-of-man https://company-express.com/news/tiea-switzerland-and-isle-of-man/#respond Tue, 10 Sep 2013 10:22:18 +0000 https://company-express.com/news/tiea-switzerland-and-isle-of-man/ On 28th August in London during a ceremony, the TIEA was signed by Switzerland’s Charge d’Affaires Frank Grutter and Eddie Teare, the Isle of Man’s Treasury Minister. The deal marks another step in the Isle of Man’s ongoing government plans to expand its economic and taxation co-operation with other countries. Minister Eddie Teare greeted signing of the agreement by stating ...

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Jurisdiction of the month: Singapore https://company-express.com/news/jurisdiction-of-the-month-singapore/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction-of-the-month-singapore https://company-express.com/news/jurisdiction-of-the-month-singapore/#respond Tue, 20 Aug 2013 10:22:18 +0000 https://company-express.com/news/jurisdiction-of-the-month-singapore/ Geography, Population, Languages The Republic of Singapore is situated on the Island of Singapore and a group of small islands. The state is separated from Malacca by the Johore Strait and from Indonesia by Singapore Strait. The total area of the country is over 622 sq. km, and the population is about 5.3 million. 77% of the population are of ...

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Company Express is pleased to announce its partnership with the UKAN https://company-express.com/news/company-express-is-pleased-to-announce-its-partnership-with-the-ukan/?utm_source=rss&utm_medium=rss&utm_campaign=company-express-is-pleased-to-announce-its-partnership-with-the-ukan https://company-express.com/news/company-express-is-pleased-to-announce-its-partnership-with-the-ukan/#respond Fri, 09 Aug 2013 10:22:18 +0000 https://company-express.com/news/company-express-is-pleased-to-announce-its-partnership-with-the-ukan/ Company Express (UK) Ltd is pleased to announce that the company has become a member of United Kingdom Advisory Network (UKAN). UKAN was set up by the United Kingdom Trade and Investment government agency (UKTI) to provide support to investors setting up in the UK and to UK companies working overseas. UKAN consists of members with essential knowledge and invaluable ...

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LVMH was fined for not revealing their stake in Hermes https://company-express.com/news/lvmh-was-fined-for-not-revealing-their-stake-in-hermes/?utm_source=rss&utm_medium=rss&utm_campaign=lvmh-was-fined-for-not-revealing-their-stake-in-hermes https://company-express.com/news/lvmh-was-fined-for-not-revealing-their-stake-in-hermes/#respond Wed, 10 Jul 2013 10:22:18 +0000 https://company-express.com/news/lvmh-was-fined-for-not-revealing-their-stake-in-hermes/ Bernard Arnault, the CEO of Louis Vuitton Möet Hennessy (LVMH) started to amass French rivals Hermes shares in 2002. In October 2010, it was announced that his stake in Hermes has risen up to 14 per cent. At present LVMH owns 22.6 per cent of shares in the rival luxury house. The French Law says that any shareholder whose stake ...

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Jurisdiction of the month: Isle of Man https://company-express.com/news/jurisdiction-of-the-month-isle-of-man/?utm_source=rss&utm_medium=rss&utm_campaign=jurisdiction-of-the-month-isle-of-man https://company-express.com/news/jurisdiction-of-the-month-isle-of-man/#respond Fri, 14 Jun 2013 10:22:18 +0000 https://company-express.com/news/jurisdiction-of-the-month-isle-of-man/ Geography, Population, Languages The Isle of Man is not part of the United Kingdom. The Isle of Man is located in the Irish Sea equidistant from England, Scotland and Ireland. Its area is 588 sq. km. The population is about 70,000 resulting in a population density of roughly 120 people per sq. km. A third of the population live in ...

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Marks & Spencer Structure for their Online Shop https://company-express.com/news/marks-spencer-structure-for-their-online-shop/?utm_source=rss&utm_medium=rss&utm_campaign=marks-spencer-structure-for-their-online-shop https://company-express.com/news/marks-spencer-structure-for-their-online-shop/#respond Thu, 30 May 2013 10:22:18 +0000 https://company-express.com/news/marks-spencer-structure-for-their-online-shop/ Marks & Spencer (traditionally known as M&S) the British clothing and food retailer, has been actively expanding its online store operations. The website claims that ordered goods can be delivered to 80 international locations. The website can also be specifically tailored to customers from Austria, Luxembourg, Spain, Belgium, France, Netherlands, Germany, and Spain. The retailer has arranged its operations in ...

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New Free Financial Zone in Abu Dhabi https://company-express.com/news/new-free-financial-zone-in-abu-dhabi/?utm_source=rss&utm_medium=rss&utm_campaign=new-free-financial-zone-in-abu-dhabi https://company-express.com/news/new-free-financial-zone-in-abu-dhabi/#respond Tue, 30 Apr 2013 10:22:18 +0000 https://company-express.com/news/new-free-financial-zone-in-abu-dhabi/ Federal Decree 15 of 2013 was passed in Abu Dhabi this February. The Decree sets in motion the formation of the territory’s first financial free zone. It will be called the Abu Dhabi World Financial Market. The regulations for the zone will be revealed later. The Free Financial Zones in the UAE allows for the incorporation of 100% foreign-owned companies ...

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EU/IMF agreement with Cyprus: details https://company-express.com/news/euimf-agreement-with-cyprus-details/?utm_source=rss&utm_medium=rss&utm_campaign=euimf-agreement-with-cyprus-details https://company-express.com/news/euimf-agreement-with-cyprus-details/#respond Wed, 27 Mar 2013 10:22:18 +0000 https://company-express.com/news/euimf-agreement-with-cyprus-details/ According to Cyprus Mail, the Central Bank of Cyprus and a statement issued by Eurogroup, the following things can be said about the future of the jurisdiction. Cyprus, as well as its banks,  has avoided default. The Bank of Cyprus will be restructured and fully capitalized. The Bank of Cyprus will also take performing loans, insured deposits and other assets ...

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Malta slips in Global Financial Centres Index, but gains in other areas https://company-express.com/news/malta-slips-in-global-financial-centres-index-but-gains-in-other-areas/?utm_source=rss&utm_medium=rss&utm_campaign=malta-slips-in-global-financial-centres-index-but-gains-in-other-areas https://company-express.com/news/malta-slips-in-global-financial-centres-index-but-gains-in-other-areas/#respond Fri, 18 May 2012 10:22:18 +0000 https://company-express.com/news/malta-slips-in-global-financial-centres-index-but-gains-in-other-areas/ The report made twice a year by the initiative Long Finance has not only outlined the spectacular performance of Jersey in the global financial centres’ list but also highlighted Malta as a jurisdiction, which rivals with such prominent cities in the finance world as Luxembourg, Zug and Geneva. Malta Financial Services moved from 70th to 72nd place. But the island ...

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Vodafone questions Indian tax authorities https://company-express.com/news/vodafone-questions-indian-tax-authorities/?utm_source=rss&utm_medium=rss&utm_campaign=vodafone-questions-indian-tax-authorities https://company-express.com/news/vodafone-questions-indian-tax-authorities/#respond Wed, 02 May 2012 10:22:18 +0000 https://company-express.com/news/vodafone-questions-indian-tax-authorities/ Vodafone, one of the world’s largest telecommunication companies, has continued its dispute with tax authorities in India. The reason for this situation was the fact that in 2007 it has purchased the Indian telecommunication company Hutchinson Essar. Indian authorities took issue with the way the deal was structured. The 11 billion USD were wired to the Cayman-registered HTIL in order ...

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Jersey makes it to the top 25 of the Global Financial Centres Index https://company-express.com/news/jersey-makes-it-to-the-top-25-of-the-global-financial-centres-index/?utm_source=rss&utm_medium=rss&utm_campaign=jersey-makes-it-to-the-top-25-of-the-global-financial-centres-index https://company-express.com/news/jersey-makes-it-to-the-top-25-of-the-global-financial-centres-index/#respond Wed, 04 Apr 2012 10:22:18 +0000 https://company-express.com/news/jersey-makes-it-to-the-top-25-of-the-global-financial-centres-index/ The think tank Z/Yen, based in the City of London, has published the first Global Financial Centres Index for the year 2012. The list is published every 6 months and includes onshore as well as offshore financial centres. According to the Z/Yen instrumental factors to determine the place of the financial centre in the list are people (as the availability ...

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Isle of Man is a leading jurisdiction for the buying up UK property https://company-express.com/news/isle-of-man-is-a-leading-jurisdiction-for-the-buying-up-uk-property/?utm_source=rss&utm_medium=rss&utm_campaign=isle-of-man-is-a-leading-jurisdiction-for-the-buying-up-uk-property https://company-express.com/news/isle-of-man-is-a-leading-jurisdiction-for-the-buying-up-uk-property/#respond Fri, 23 Mar 2012 10:22:18 +0000 https://company-express.com/news/isle-of-man-is-a-leading-jurisdiction-for-the-buying-up-uk-property/ According to UK press investigation Isle of Man has topped the list of offshore jurisdictions for the UK homeowners. The rules for acquiring residential property in UK are such that a buyer of a house or an apartment valued over 1mln. pounds must pay a stamp duty of 5%. But as a matter of fact one can avoid stamp duty ...

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The Double taxation agreement between Russia and Cyprus has been ratified by Russian Duma https://company-express.com/news/the-double-taxation-agreement-between-russia-and-cyprus-has-been-ratified-by-russian-duma/?utm_source=rss&utm_medium=rss&utm_campaign=the-double-taxation-agreement-between-russia-and-cyprus-has-been-ratified-by-russian-duma https://company-express.com/news/the-double-taxation-agreement-between-russia-and-cyprus-has-been-ratified-by-russian-duma/#respond Wed, 29 Feb 2012 10:22:18 +0000 https://company-express.com/news/the-double-taxation-agreement-between-russia-and-cyprus-has-been-ratified-by-russian-duma/ About a week ago Russian Duma (the lower house of Parliament) has approved the double taxation agreement with Cyprus. The project was first introduced to the members of Duma as early as the end of June last year. At the moment the agreement is awaiting its signing by the President of Russian Federation. This document removes Cyprus jurisdiction from Russia’s ...

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Facebook tax planning https://company-express.com/news/facebook-tax-planning/?utm_source=rss&utm_medium=rss&utm_campaign=facebook-tax-planning https://company-express.com/news/facebook-tax-planning/#respond Wed, 15 Feb 2012 10:22:18 +0000 https://company-express.com/news/facebook-tax-planning/ As Facebook IPO is getting close, details about the company’s finances and corporate structure are being revealed. The American company has a subsidiary in Ireland called Facebook Ireland Ltd, which employs 151 people. In 2010 the company shifted 15 per cent of its profits to the Irish subsidiary, where it triggered jurisdiction’s corporate tax rate of 12,5%. To compare, in ...

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Financial services industry in Switzerland is due to decline and in Asia it is expected to rise https://company-express.com/news/financial-services-industry-in-switzerland-is-due-to-decline-and-in-asia-it-is-expected-to-rise/?utm_source=rss&utm_medium=rss&utm_campaign=financial-services-industry-in-switzerland-is-due-to-decline-and-in-asia-it-is-expected-to-rise https://company-express.com/news/financial-services-industry-in-switzerland-is-due-to-decline-and-in-asia-it-is-expected-to-rise/#respond Thu, 02 Feb 2012 10:22:18 +0000 https://company-express.com/news/financial-services-industry-in-switzerland-is-due-to-decline-and-in-asia-it-is-expected-to-rise/ Economic research and consultancy company Bak Basel has released a study called “Financial Centre Zurich 2011” in which it has somewhat negatively forecasted the future for the Switzerland’s finance industry. The study was commissioned by the Office of Economics and Labour. Despite the fact that at the moment the financial industry contributes healthy 11% to the Gross product of the ...

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Cayman Economic Zone begins accepting companies https://company-express.com/news/cayman-economic-zone-begins-accepting-companies/?utm_source=rss&utm_medium=rss&utm_campaign=cayman-economic-zone-begins-accepting-companies https://company-express.com/news/cayman-economic-zone-begins-accepting-companies/#respond Wed, 11 Jan 2012 10:22:18 +0000 https://company-express.com/news/cayman-economic-zone-begins-accepting-companies/ Premier of Cayman Islands William McKeeva Bush in his new year’s address announced the plans for the territory to attract additional investments. It will be done through the means of a ready to operate economic zone in the islands known as a Cayman Enterprise City. It is ready to accept companies. According to Mr. Bush, since singing the Memorandum of ...

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Foreigners are attracted to London real estate https://company-express.com/news/foreigners-are-attracted-to-london-real-estate/?utm_source=rss&utm_medium=rss&utm_campaign=foreigners-are-attracted-to-london-real-estate https://company-express.com/news/foreigners-are-attracted-to-london-real-estate/#respond Fri, 30 Dec 2011 10:22:18 +0000 https://company-express.com/news/foreigners-are-attracted-to-london-real-estate/ In 2011 citizens of foreign countries have spent 4 billion pounds on London real estate. According to the real estate firm Savills, in 2010 the number was 2,1 bn pounds. This surge of buyers among other things is influenced by favorable tax treatment and comparatively small amount of paperwork required to proceed with the deal. Companies, incorporated in the offshore ...

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Guernsey is set to keep zero-ten tax regime https://company-express.com/news/guernsey-is-set-to-keep-zero-ten-tax-regime/?utm_source=rss&utm_medium=rss&utm_campaign=guernsey-is-set-to-keep-zero-ten-tax-regime https://company-express.com/news/guernsey-is-set-to-keep-zero-ten-tax-regime/#respond Mon, 12 Dec 2011 10:22:18 +0000 https://company-express.com/news/guernsey-is-set-to-keep-zero-ten-tax-regime/ Guernsey’s Chief Minister Lyndon Trott in his address to the state’s parliament also known as State of Deliberation has expressed his continued support for the island’s zero-ten tax regime. He will not waver even after the European Union’s review of the island’s tax regime, Mr Trott assured. In his speech, Mr Lyndon Trott has said: “As I have made very ...

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Cyprus remains the leading jurisdiction by the amount of direct investment to Ukraine https://company-express.com/news/cyprus-remains-the-leading-jurisdiction-by-the-amount-of-direct-investment-to-ukraine/?utm_source=rss&utm_medium=rss&utm_campaign=cyprus-remains-the-leading-jurisdiction-by-the-amount-of-direct-investment-to-ukraine https://company-express.com/news/cyprus-remains-the-leading-jurisdiction-by-the-amount-of-direct-investment-to-ukraine/#respond Fri, 25 Nov 2011 10:22:18 +0000 https://company-express.com/news/cyprus-remains-the-leading-jurisdiction-by-the-amount-of-direct-investment-to-ukraine/ State statistics office of Ukraine has published a study of direct foreign investment to the state during January-September of 2011. According to the list available on the office’s website there are 14 leaders in the field. Cyprus takes the top spot. The country leaves Germany, the occupier of second place, in quite a distance. The latter is responsible for 15% ...

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Guernsey plans to have an aircraft registry https://company-express.com/news/guernsey-plans-to-have-an-aircraft-registry/?utm_source=rss&utm_medium=rss&utm_campaign=guernsey-plans-to-have-an-aircraft-registry https://company-express.com/news/guernsey-plans-to-have-an-aircraft-registry/#respond Wed, 26 Oct 2011 10:22:18 +0000 https://company-express.com/news/guernsey-plans-to-have-an-aircraft-registry/ Guernsey jurisdiction is moving forward with plans of establishing an aircraft registry. At the moment one cannot register an aircraft in the jurisdiction. For some time there were ongoing talks to establish a united Channel Islands registry, but alas, the idea was not greeted with too much warmth among Guernsey politicians. The plan concerning independent aircraft registry was perceived somewhat ...

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Common economic space of Russia, Kazakhstan and Belarus https://company-express.com/news/common-economic-space-of-russia-kazakhstan-and-belarus/?utm_source=rss&utm_medium=rss&utm_campaign=common-economic-space-of-russia-kazakhstan-and-belarus https://company-express.com/news/common-economic-space-of-russia-kazakhstan-and-belarus/#respond Tue, 11 Oct 2011 10:22:18 +0000 https://company-express.com/news/common-economic-space-of-russia-kazakhstan-and-belarus/ Starting from 2012 January the 1st the states of Russia, Kazakhstan and Belarus enter common economic space. The prime minister of Russian Federation Vladimir Putin wrote an article, in which he described the future structural changes in the economic lives of 3 countries the integration project of the utmost importance. In the article, which is available on the website of ...

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Company Express now offers accounting to companies in the UK https://company-express.com/news/company-express-now-offers-accounting-to-companies-in-the-uk/?utm_source=rss&utm_medium=rss&utm_campaign=company-express-now-offers-accounting-to-companies-in-the-uk https://company-express.com/news/company-express-now-offers-accounting-to-companies-in-the-uk/#respond Thu, 22 Sep 2011 10:22:18 +0000 https://company-express.com/news/company-express-now-offers-accounting-to-companies-in-the-uk/ Company Express is happy to announce the start of the new service, specifically designed for the companies in the UK. The process of accounting is an integral part of any business entity. Maybe it is not the most pleasant part of it but still it is vital. If entrepreneur wants to ensure the successful business performance, then he will pay ...

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Cayman government is planning to create special economic zone https://company-express.com/news/cayman-government-is-planning-to-create-special-economic-zone/?utm_source=rss&utm_medium=rss&utm_campaign=cayman-government-is-planning-to-create-special-economic-zone https://company-express.com/news/cayman-government-is-planning-to-create-special-economic-zone/#respond Mon, 05 Sep 2011 10:22:18 +0000 https://company-express.com/news/cayman-government-is-planning-to-create-special-economic-zone/ Last week there was an announcement that Cayman Islands government has green lighted the project for Special economic zone which is called the Cayman Enterprise City (CEC). The purpose of the project is to create a special territory on the Island where special conditions to attract global science, technology, derivatives, media and education specialists will be created. Islands Prime Minister ...

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Cisco tax planning https://company-express.com/news/cisco-tax-planning/?utm_source=rss&utm_medium=rss&utm_campaign=cisco-tax-planning https://company-express.com/news/cisco-tax-planning/#respond Thu, 04 Aug 2011 10:22:18 +0000 https://company-express.com/news/cisco-tax-planning/ Cisco, the world’s biggest data networking products supplier, based in San Jose, California, has managed effectively cut its corporate tax rate and save itself 7 billion US dollars in corporate taxes since 2005. Last year the company in its home country reported an effective tax rate of 17,5%. That is half of the U.S. statutory rate. Since 2008 the company ...

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