LAWYERS. TAX CONSULTANTS.

2019 year - 20 years delivering top-class legal services

Новости



   

Non-resident companies

P&A Corporate Services Ltd works on the international market for legal services and has its own representative offices in Moscow and London as well as an associate office in Limassol (Cyprus). The company cooperates with a number of foreign law and auditing firms and attorneys.

Our knowledge and experience enable us to provide qualified legal aid to our clients outside as well as inside Russia.

Non-resident, onshore companies usually command greater authority in international business. Bank accounts at highly reputable banks give them better access to the transnational banking community. The creation of companies in such jurisdictions as Great Britain, Switzerland, and Luxembourg provides access to the European market.

Non-resident, onshore companies are more transparent than offshore vehicles and must comply with more strict requirements for presentation of annual financial accounts and auditing. Also information on their owners and directors is supplied to the state register, which is in open access. European onshore companies also face problems with capital repatriation.

Such jurisdictions as Cyprus, Great Britain and Hong Kong are of special interest since, although their tax rates are fairly high, there are opportunities, under certain circumstances, to take advantage of substantial tax privileges or exemption from tax on operations beyond their jurisdiction. The legislation of those countries sets requirements for compiling and presenting corporate, financial and consolidated accounts to government agencies, including data on affiliated companies. This is in contrast with offshore jurisdictions, which require no presentation of accounting. Accounts are usually submitted once a year. This duty cannot be avoided since an official decision on existence or absence of tax liability (for example, in Hong Kong) or determination of company residence (in Cyprus) is taken by the tax agency based on consideration of these accounts.

Prices for legal services concerning registering and supporting companies dealt with in this section are shown below.

Companies in Cyprus

Registration of a company, including a package of corporate documents and annual payments for the current year€1 500
Services of a nominee director(corporate)€450
(individual)€900
Services of a corporate secretary€345
Services of the company’s registered office€450
Services of a nominee shareholder(corporate)€345
(individual)€700
Registration of a company with full nominee servicing (first year)€3090
Preparation of power of attorney with apostille€360
Certificate of Good Standing with apostille€360
Certificate of tax residence with apostille €380
Issue of trust documents(each) €87
Document legalisation with apostille €240

Companies in Great Britain

Registration of a company, including statutes and article of association and annual payments for the current year (governmental duties and legal address) €1 490
Annual payment (government duties and legal address) from the year following registration €1 150
Nominee director services with issue of a power of attorney €550
Nominee shareholder services €450
Certificate of good standing €275
Certificate of incumbency €300
Certificate from the tax agency with a UK taxpayer identification number €230
Preparation of an additional package of corporate documents €250
Preparation and presentation of zero accounts to the tax authority €550

Companies in Hong Kong

Registration of a company, including statutes and article of association and annual payments for the current year (governmental duties and legal address) $2 960
Annual payment (government duties and legal address) from the year following registration $2 440 plus annual return
Nominee director services with issue of a power of attorney $750
Nominee shareholder services $650
Business License $300
Preparation and presentation of zero accounts to the tax authority $450
Document legalisation with apostille $400

Support for non-resident companies in Russia:

Registration of foreign legal entities with Russian tax authorities to obtain a licence for opening of bank accounts (without accreditation of a branch or representative office of a foreign legal entity) $500
Accreditation of branches and representative offices of foreign companies $1 200 plus state fee
Certification by Russian tax authorities of forms to avoid double taxation

Our professionals work in the spheres of corporate development, business management, tax planning and litigation. We can provide legal protection for your business, strengthen its legal foundations, defend the interests of your company in court, and accurately assess its position in respect of both Russian and international law.

We conform to international professional standards