Recent content by Don

In Estonia you have multiple type of partnerships: 1) Transparent partnerships which are unincorporated and can be anonymous as well. Such entities are treated as tax transparent. In case you set up such a partnership that is managed by an Estonian company, then this Estonian company pays tax...

They will have criteria to evaluate whether such institutions are genuine non-profit organisations.

Yes. These are bespoke setups, but to give you an example of a cost-efficient one, a non-profit structure can cost from EUR 530 to 1960 to set up, depending on various factors. Then you have maintenance costs, e.g., ~2k per year. For many reasons, a non-profit (or a foundation) could be a...

Digital nomad visas tend to open up new opportunities to open EMI accounts in EU.

Foundations or non-profit associations, for instance. Or even co-operatives, e.g., set up a co-operative whose members are non-profits or foundations. They could then be used as holding structures to hold company shares. You will maintain control over the structures this way.

In recent years, there has been a global fiduciary services drive toward the creation of ‘orphan’ structures, which have no shareholders or owners. Using such a vehicle could help protect one's assets.

Obtaining a license in the EU seems logical, as this allows you to operate across the whole EU market. However, you need to notify local regulators for each market, so ask yourself which regulator and lawyers you want to deal with the most. France has the highest number of licenses so far...

That's a cool marketing choice. Use the words "most options" when you offer two options: Double negative means "Compromising on legal protection", as far as I'm concerned.

In most cases you're better off going with a service provider with an office in the country, and we don't have one in Latvia.

Thanks! Got to have these things running on a separate screen in the office. Then next thing is automate alerts and trades.

What services do you use for these nice graphs? Invaluable contributions by the way :) thanks!

What kind of business you conduct?

322. Ministerial Decision No. 82 of 2023 does not alter current obligations under the domestic legislation to prepare audited Financial Statements, but rather confirms such obligation solely for the purpose of the application of the Corporate Tax Law.

Audit of accounts is mandatory for Free zone companies (FZCO) and Free Zone establishments (FZE) but for some local or foreign companies, it may not be mandatory. The commercial companies law states that the audit of accounts is mandatory for mainland companies. Every company must appoint an...

We also work directly with the registry and I think what you mean by trust company belongs to Home - IRI | International Registries, Inc. It is managed by a private US-based company, which operates the flag of convenience ship registry and corporate registry of the Marshall Islands on behalf of...