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Company Formation and Incorporation Options in Brazil

Company Formation and Incorporation Options in Brazil

Incorporating your company in Brazil can be a challenging feat, especially if you don’t know all the rules and regulations of the country. Businesses must take into account the complexity and intricacy of local systems and processes before taking on the exciting challenge of expanding to this country. But in recent years, the country has taken progressive steps towards becoming a more attractive destination for foreign business and investment.  Below, we outline the rules, regulations and options for commercial activity in the country. Important things to know before starting the company formation process in Brazil Before incorporating your company in Brazil you must familiarize yourself with some critical aspects of the process. For example, in Brazil a branch is different than a subsidiary. Opening a subsidiary company in Brazil is less complicated than opening a branch. By law, any foreign company can be a partner, investor or shareholder in a Brazilian company, making the Brazilian company a subsidiary of the foreign entity. The Brazilian company will then be fully governed by law and will have the same rights and responsibilities as any other company. On the other hand, opening a branch can be quite complicated. This process requires specific authorization from the Brazilian Ministry of Development, Industry and Foreign Trade. You must know the differences between these two and decide which model works better for you. Company ownership and investment Another thing to consider is company ownership in Brazil. To open a limited liability corporation in Brazil, for...

Corporate Tax Considerations in Bolivia

Corporate Tax Considerations in Bolivia

Taxes include fees, special contributions and municipal license deducted at various rates according to the individual’s or company’s financial and economic activity. Corporate tax or company tax is a direct tax by the government on a firm’s profit. The money is collected for the nation’s sources of income. The tax rate generates a legal obligation for the company or corporation on those domestic grounds of the region owes the government. Taxes vary around the world and are approved by the country’s government to be ratified. This allows state resources to develop welfare programs to improve the quality of life for citizens and support the growth of the economy. We look at Bolivian corporate tax requirements for companies to be aware of when expanding into the country. Who pays tax? All taxpayers in Bolivia have a tax identification number and issue the corresponding invoices. Taxes are applied to individuals that operate in liberal professions or trades, or manage savings and other accounts. Proprietorships are included as well - they are when a person has legal use of the assets and their operations and legal entities: They are companies identified by a social reason and societies formed according to the code of Commerce or according to the Civil Code. All natural or legal persons who have earned an income and gained finances through business activity are subject to tax payments. These activities include: commercial and industrial professions, ex officio members of a committee, rental of goods, works and services, transfer of movable and immovable property and rights....

How to Form a Company in Australia

How to Form a Company in Australia

Forming a company in Australia carries many benefits such as access to a wide range of preferential trade environments, government support and foreign investment. The South Pacific country’s close geographic proximity to Asia and other major markets fuel strong returns on international business. Attractive legal framework for investors in this island nations is a pillar of stability for Australian businesses. It's no wonder then that companies are expanding to Australia to conduct business. We outline the key steps to forming a company in Australia to help you get amongst the action. Overview: Key steps to form a company in Australia There are 7 steps to form a company in Australia: Decide on your business structure Grant Power of Attorney to your legal representative Decide how your company will be governed Appoint officeholders Reserve a company name Register your company Open a corporate bank account. The Australian Securities and Investment Commission (ASIC) is the local authority that oversees and regulates this process. Thankfully, Australia offers a cost-effective and straightforward online process for registering your company and its tax requirements. 1. Decide on your business structure Decide on the type of company that will best suit your intended operations. There are four main types of companies that you can start: Proprietary Limited Company: This is a company where the number of shares dictate shareholder liability. There must be no more than 50 non-employee shareholders. Sole Trader: This is a person who is the exclusive owner of a business, entitled to...

Steps to register a Company in Australia and New Zealand

Steps to register a Company in Australia and New Zealand

There are many benefits to registering your business in Australia. Australia has a strong and stable economy, experiencing positive consecutive growth spanning 26 years. Australia’s business culture is well-regulated and has a firm political environment. One key benefit of registering a business in New Zealand is 100% foreign ownership. New Zealand is one of the easiest countries to start a business in. To form a Limited Liability Company in New Zealand (the most common business type) you only need one shareholder minimum. Furthermore, there is no required share capital when starting your New Zealand business. English is the official language of New Zealand and Australia, and both countries rank within the top five freest economies in the world. They have responsive markets and both express a high degree of warmth to foreign investors and businesses. Learn how to register your business in these countries and set your commercial operations up for long term economic success. Register your Business / Company in Australia The first step to registering your business in Australia is receiving a ACN (Australian Company Number). You must receive an ACN before you get your Australian Business Name (ABN). This is essential when establishing your business structure. Australia helpfully employs the use of online services to make registering your business easy. The Business Registration Service offers an online one-stop shop for receiving your ACN, ABN, and confirming your company name. Additionally, the Business Registration Service can also process tax registration applications. ...

New regulations simplify Argentina’s business registration process

New regulations simplify Argentina’s business registration process

Argentina represents an attractive commercial destination for businesses. It houses a diverse range of sectors (notably oil and gas, agriculture, tourism and IT) and a highly educated workforce. Its geographical position offers a number of advantages for importing and exporting goods and services. Setting up a business in Argentina is however not without its challenges. Thanks to the government's increasingly progressive outlook on development and international trade, further advantages are being allowed for foreign investors looking to expand into Argentina. In August 2018, Argentina's Public Registry of Commerce (IGJ) enacted Resolution 6/18. This resolution introduces substantial changes to the way foreign companies can establish their business in the country. The government's intent behind the Resolution is to make company formation in Argentina easier. The Resolution achieves this through simplifying public administration procedures, particularly regarding the registration process. Registering for a business is now easier Foreign companies interested in settling a business or operating in Argentina, either through the registration of a Branch or the establishment of a Subsidiary, must go first through a registration process with the Public Registry of Commerce (IGJ). In this process, you will be required to present certain documentation regarding the foreign primary entity, which, in addition, must need to be translated into Spanish by a public translator. This process used to be slow and complex due to the amount of documentation required by IGJ. However, the...

Key Steps in the Business Registration Process in Uruguay

Key Steps in the Business Registration Process in Uruguay

For years, Uruguay has always been a country full of exciting business opportunities, and this year will be no different, as the global mindset of investors continues to shift towards Latin America. In the past decade, Uruguay has had robust economic growth led by private consumption and exports, resulting in annual average growth of 5.2%. In fact, it was the rise of foreign investment from 2009 to 2013 that led Uruguay to have the 2nd largest FDI/GDP ratio in South America. Know the key steps for the business registration process in Uruguay can provide some advantages over you competitors.  Additionally, and particularly remarkable, the Uruguay government has put efforts into positioning Uruguay as the gateway to trading with other MERCOSUR economies. The country has a favorable legal system, an investment climate does not discriminate against foreign investors and governmental initiatives that encourage innovation. For instance, the National Agency for Investigation and Innovation, a state-run organization, hosts conferences and events for the startup community all around Uruguay.  Register a Business in Uruguay? To be able to register a business in Uruguay, the following information is required:  Resolution of the company to be established. The indication of your office address ('domicilio fiscal') in Uruguay. Identification of the person/s who will administer or represent the company in Uruguay. The company name must be established. Information relating to the shareholders, including their names, marital status, nationality among others.  Key Steps to Register a...

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