THE BEST JURISDICTION TO DO BUSINESS

Currently, in the conditions of a full-scale Russian-Ukrainian war, many people are moving abroad, and are moving their own business with them, or want to create a new one in the new host country. It is necessary to consider countries according to certain criteria: location, taxation and additional guarantees.

So which country is the most attractive?

Taking into account the location of the country in relation to Ukraine and the European Union - not far from Ukraine are Poland, Romania, Hungary, Slovakia and the Czech Republic, therefore, choosing these countries for conducting business activities, there will be no problems with logistics. Also, comfort of living and mentality are no less important. Ukrainians have a similar mentality with Poles, Romanians, Bulgarians, and the language of communication is also similar.

Also, these countries are member states of the European Union, their financial system is stable, and therefore there will be no "pitfalls" in conducting business activities, moreover, most of the countries of the European Union introduce state support for small and medium-sized businesses.

Preferential tax rates apply in Cyprus and Switzerland. In Cyprus, the corporate tax rate is 12.5%, in Switzerland, the value added tax is 7%, corporate tax rates depend on the canton - in Geneva - 13.99%, Zug - 11.99%. In addition, these countries have signed a large number of treaties on the avoidance of double taxation, and therefore preferential tax rates will apply to certain agreements.

Each country has its own promising areas of activity, for example, for Italy, Spain, Cyprus, tourism, hotel and restaurant business is developed, and Switzerland, Great Britain is focused on scientific and industrial development, the IT sphere and trading platforms are popular there, as well as the creation of medical equipment and pharmaceutics.

Equally important is the authorized capital, which will be used for your activity. For example, in Switzerland and Germany there are requirements that he must meet. The minimum amount of authorized capital for an LLC in Germany is 25,000 euros, in Switzerland 18,000 euros, and at least half of it must be registered in a special account. But such entrepreneurial activity will have additional state guarantees of protection. The Czech Republic, Bulgaria, and Cyprus do not have requirements for the minimum and maximum size of the authorized capital.

Each jurisdiction has its own characteristics, advantages and disadvantages. However, conducting business abroad is clearly the best choice, because you will be able to easily enter into agreements with various countries of the world, quickly enter the European and world markets, and have confidence in the future. The most important thing is to choose the right jurisdiction. Professionals can help you with this, taking into account your preferences.