Set up a company with Confidus Solutions in any African jurisdiction, and we will offer you our highly valued legal expertise. The second-largest continent in the world, Africa covers twenty percent of the Earth's total land area. It is also the second most populous continent, consisting of 53 sovereign countries, a few disputed territories/countries and several dependencies, predominantly of Spain, the United Kingdom, France and Portugal.
As a global entrepreneur, you can count on us to help you find the right corporate structure for your global venture. With legal advice from Confidus Solutions, you’ll save a lot of time and money when setting up a business in Africa. Contact us now to proceed with incorporating your business in Africa.
Company formation procedure As you will have gathered, choosing the right jurisdiction and business type within the framework of a wider corporate structure is not easy, but don’t worry — Confidus Solutions is here to help.
Each of the above-mentioned countries and dependencies has its own systems, and so it would be a difficult and time-consuming task to devise general guidelines for company registration. However, the company registration process is fairly uniform throughout Africa.
Choosing a jurisdiction The location in which you establish your company (commonly known as its legal address) is quite an important decision that should be given careful consideration before you move on to the next step. Confidus Solutions can provide you with extensive advice regarding trading laws, registration procedures and registration fees.
Ask us about due diligence once you have chosen the country in which you wish to establish or expand your business.
Choosing a company name The company name is a key decision when preparing to register a company. In some jurisdictions, foreign nationals are subject to certain restrictions, especially in Arabic-speaking countries. Due diligence can provide you with the answers you need. You should also be aware that some states charge a government processing fee. This process ensures that the name you have selected is not in use by another registered entity.
Company registration Once all the preparation steps are complete, we can move forward with registering the company with the government agency responsible for commercial activity within that country. You will need several essential documents for this, including the company’s articles of association, which lists the name, ownership details, shareholder details and administrative structure of the business entity. The articles of association (a.k.a. articles of incorporation) is a legal document that requires professional legal skill and knowledge to draft. Confidus Solutions’ team of lawyers will help here as well. In some countries, these documents must be reviewed by a notary public.
Tax compliance Does your company provide tangible goods or services? If so, you will need to set up an extensive structure in order to process payments, circulate funds within the corporation and submit annual tax returns to the government. An income tax is usually imposed by the government, and so your company must complete the relevant tax registration process and obtain a tax number, which is required by law. In most countries, registering for a tax number is a free or low-cost process.
Licences and permits Additional licences might be needed if your company is involved in one of a number of specific industries that are regulated and monitored by the state. These might include the wholesale of cacao beans, diamond and gold extraction or financial operations. If this is the case, ask us for advice on the requirements your company will need to meet before your business can operate commercially within a specific country on the African continent. In addition to licences, special permits may be required as well. Many businesses, for example, operate in one of the large number of industries requiring construction site or health permits.
Brazil is not only the largest country in both Latin America and South America, it is also the fifth largest country by area and sixth largest by population in the world. Brazil is also the ninth largest economy in the world in terms of nominal GDP (as of 2016). By 2010, Brazil was considered one of the fastest growing major economies in the world and gained new international influence and recognition due to its economic reforms. Its diversified economy includes industry, agriculture and various services.
Brazilian economy Industry, including steel and petrochemicals, automobiles, computers, and aircraft and consumer durables, accounted for 30.8% of GDP and is heavily concentrated in Rio de Janeiro, São Paulo, Porto Alegre, Campinas and Belo Horizonte. Tourism is a growing sector in Brazil and a key industry for several regions. The most popular tourism product is natural areas for ecotourism combined with leisure and recreation. Brazil is also one of the largest producers of coffee, oranges, sugar cane, as well as soybeans and papaya.
Surely such a country attracts foreign entrepreneurs to expand their businesses in the local market or they might even choose to start a business in Brazil as a base to reach all of Latin America. If you too have decided to start your business in Brazil, there are a few things to discuss and consider so that your business is successful from day one.
Doing business in Brazil The business environment in Brazil has its own set of rules and peculiarities linked to the culture and history of Brazil. In case you don't have a good knowledge of Brazilian customs or a local agent to guide you through them, you can consider incorporating your company in São Paulo as it is the most internationally oriented city in Brazil and the business there usually in more ' western than in other cities. The further north you go in Brazil, the more conservative the business mentality becomes.
In general, a large part of the Brazilian economy is made up of family businesses, which are more patriarchal and formally organized than Western companies. A decent family background is an important factor when evaluating a potential business partner. Brazilian companies are organized vertically and all business matters are discussed and decided by superiors. Good manners and dress code are a must, you should show an intellectual interest in Brazilian music, literature and history. If you want to be taken seriously in Brazil, don't try to skimp on a cheap hotel - opt for a first-class hotel and receive your business partners in style.
Business meetings Before doing business in Brazil, it is very important to establish good personal relationships. Brazilians do not go straight to business, they first want to get to know you better personally. Therefore it helps if you are introduced by a mutual acquaintance or someone respected by your business partner. The same as your Brazilian counterparts will want to get to know you better, you are also expected to show genuine interest in them. Due to the personal relationship in business, it will take some time to rebuild the cooperation if a local sales representative or other personnel is replaced.
Often, business meetings start later than planned and take longer than expected – you should keep this in mind if several meetings are planned for one day. You should arrange a business meeting around two weeks in advance and confirm it two days before the meeting. It is highly inappropriate to visit a company without an appointment.
Other tips when incorporating a company in Brazil:
If you want to succeed in Brazil, you will have to learn Portuguese; Never offer bribes to get around the bureaucracy – foreign entrepreneurs in Brazil are being watched closely; Consider hiring a local agent to deal with all the bureaucratic hurdles; It takes a relatively long time to achieve something in Brazil – be patient and adjust your plans and budgets accordingly; Look straight in your business partner's eyes, otherwise it might be interpreted that you are hiding something.
Online presence can be extremely important for certain types of businesses, especially for trading and online trading companies seeking an audience on the internet. Your company's website does more than just serve as a business card for visitors and clients; it is also a source of potential clients and partners. That is why it’s so important not only to get the design and appearance of your site right, but also the technical aspects: source code, keywords and search engine optimisation.
Private banking is investment, financial and other day-to-day banking services provided by banks and other financial institutions to people with high levels of income and other assets, usually called high net worth individuals. Generally, the term private refers to the more personal attitude and services provided by the bankers as part of the private banking service package in comparison the mass-market retail banking. Private banking is typically a subset of wealth management and consists of numerous services, such as general banking, brokerage, discretionary asset management, wealth structuring, insurance, advisory, lending, investment services and even tax planning.
Historically, opening a private bank account was only possible to particularly high net worth individuals with liquidity over 2 million USD. Also now, there are banks who will demand even higher amount to be deposited in your bank account to join their exclusive private banking. Typically, the biggest amounts of deposit are demanded by the offshore private banks, and it can easily surpass the level of 5 million USD. Meanwhile, there are banks that offer to open a private or sometimes called premier bank account with significantly smaller deposits. Surely, the personal attitude, as well as the range and quality of the services offered, will differ accordingly.
Customer service among other things is essential for private bank account holders. As you are handing over your wealth to be managed by professionals, you want to be confident that they will make the right decisions, work with your best interests in mind and keep your funds safe.
Banking in Malta overview Malta with its fast-growing banking industry and specialised niches such as trust services, wealth management and private banking has managed to establish itself as an international banking centre in Mediterranean region. Banking has been the Malta’s backbone that supports the growth of numerous other sectors. Capital buffers of domestic banks are among the highest ones in Europe and solvency ratios are consistently kept at a level that is almost two times higher than the EU average. The average Tier 1 capital ratio among Maltese banks is almost double the rate required by the Basel III. Thanks to a significant transformation over the last decade, Maltese banking sector has transformed from a strictly controlled public sector to liberal and privately owned. This has helped to attract international businesses to establish their operations in Malta and expand further to Europe, Africa and the Middle East.
No matter if you are looking to open a private or a corporate bank account, Malta can offer numerous benefits. The Country’s banking sector was judged to be the 10th soundest among 144 countries in the world by the World Economic Forum in its Global Competitiveness Report 2014-15. In addition to being a trustworthy and safe location for your savings, the diverse banking industry provides their clients with wide range of quality services, including trade and project finance, custodian banking and specialist wealth management services. And this is done by highly experienced, English speaking legal and financial professionals. Additionally, Maltese fiscal policies have been among the main drivers of creating an attractive investment environment. The country’s tax system is compliant with EU non-discrimination principles and shares around 70 double tax treaties, therefore with proper structuring and planning both companies and private individuals are able to achieve considerable fiscal efficiency.
Private bank account in Malta If you are a Maltese resident or planning to transfer your funds to a Maltese bank from abroad, you should consider the personal attitude and professional services guaranteed by the Maltese private banking. Malta is rich with banks, especially considering the size of the country, therefore you are able to choose among numerous possibilities. In case you are a foreign investor, you might choose the biggest international bank in Malta – HSBC (or maybe you already have an account in this bank in your home-country, which would significantly ease the process of bank account opening in Malta). HSBC also offers highest quality private banking for private individuals with capabilities to deposit at least 70,000 EUR.
Being eligible for private banking opens a whole new world of benefits for you and your family. Interestingly, all these benefits are for free as long as you hold at least 70,000 EUR in your account. The benefits include preferential rates and terms of overdraft and debit cards, free internet and telephone banking, exclusive services from other banking divisions, such as loans and insurance, and of course – dedicated relationship manager available to you and your family 24 hours a day, 7 days a week.
In order to open a private bank account, the main criterion is the set minimum amount of deposit you need to keep in your bank account. Other requirements are related to Know Your Client procedures in order to make sure that your funds are not coming from illegal activities. Upon opening a private bank account you would need to declare your passport, a proof of residency and documents verifying the legitimacy of your income (such as inheritance certificate, financial statements, proof of sale of real estate or business, etc.). Generally, the opening procedure takes more time in comparison to traditional checking account due to the compliance procedures carried out by the bank. After you apply for a private bank account online or via telephone and provide all the necessary documents, a special committee will evaluate your eligibility as their client and your personal banker will defend your interests.
Order one of the offered Gibraltar business services and preparation of possible solutions will be undertaken. Confidus Solutions, in conjugation with a multitude of experts (Gibraltar local including), develops a strategy and creates a unique tailor-made corporate solution for each customer. Once the communication is established, you will receive a list of documents and information required to proceed.
The monthly minimum wage in Mozambique depends on the respective industry. When it comes to consumer prices, the inflation rate in Mozambique is 4.4%. The currency of Mozambique is the Mozambican metical. There are several plural forms of the name "Mozambican Metical". These are Meticals, Meticais. The symbol used for this currency is MT and is abbreviated as MZN. The Mozambican metical is divided into centavo; There are 100 in a metric. Every year, consumers spend around US$7,600 million. The ratio of consumer spending to GDP in Mozambique is 0.05% and the ratio of consumer spending to world consumer market is 2.19%. Corporate tax in Mozambique is 32%. Personal income tax ranges from 0% to 32% depending on your specific situation and income level. VAT in Mozambique is 17%. In 2013, Mozambique received US$2096.9 million in foreign aid. In 2014, foreign aid amounted to USD 2084.9.
Gross domestic product The total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Mozambique is US$31,213 billion. Gross Domestic Product (GDP) per capita in Purchasing Power Parity (PPP) in Mozambique was last seen at $1,022,416. PPP in Mozambique is considered very good in an international comparison. A very good PPP shows that citizens in this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good PPP are safe investment locations. The total gross domestic product (GDP) in Mozambique is 15,628 billion. Based on this statistic, Mozambique is considered to be medium strong. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. The gross domestic product (GDP) per capita in Mozambique was last at $511,912. The average citizen in Mozambique has very high net worth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. Highly skilled labor can be found in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual GDP growth rate in Mozambique averaged 8.3% in 2014. According to this percentage, Mozambique is currently experiencing significant growth. Significant growth countries offer the best opportunities for a significant return on investment, as the GDP growth rate is the most important indicator of economic health. As GDP grows, so do businesses, jobs and personal income.
Major industries in the country are engineering, electronics, wood and wood products, textiles, information technology, telecommunications. The Industrial Production growth rate of Estonia is 10%.5.5% of population in the country are unemployed. The total number of unemployed people in Estonia is 71,873. Estonia produces 11,660 GW/h of electricity each year. Estonia emits 14 metric tons per capita of CO₂. On average, you would pay 1.46 USD for one liter of gasoline in Estonia. One liter of diesel would cost 1.1 USD.
Italy has a corporate tax rate of 27.9%. Companies that are subject to VAT must pay 22% tax on purchases. Certain services, e.g. B. related to some food, water supply, some pharmaceutical products, domestic passenger transport, entry to cultural events, some social housing and others benefit from a VAT rate of 10%.
In general, all jurisdictions can be divided into classic offshore, low-tax jurisdictions and prestige jurisdictions. The prestige of a jurisdiction corresponds to its rank, which is determined by considering and evaluating information from the International Sanctions List, the OECD Gray or Black List and the EU Jurisdiction White List as well as data on the development of financial markets to determine whether the jurisdiction is FATF AML is deficient and whether there are money laundering concerns. These are the basic criteria that matter in determining whether the jurisdiction is prestigious or not. It cannot be considered prestigious if it is on a financial blacklist.
Austria, France, the United Kingdom, the United States of America and Switzerland are among the top five most reputable jurisdictions for incorporating a company.
A general overview of Austria Registering a company or start-up in this territory allows the owner(s) to participate in all projects initiated by the Austrian government. The basic company types available are LLC, ULP, PJSC, PLLC, LLP, and JSC.
Taxes: The income tax rate is 25%, with a minimum corporation tax of EUR 500, plus 20% VAT and a capital tax that varies between 0.8% and 1%. If the subsidiary is registered within the EU, the tax rate on dividend income is 0%; if not, it is 25%.
Austria has agreements with more than 90 countries that enable companies to avoid double taxation. It has no exchange control. This jurisdiction ensures the confidentiality of business data.
A general overview of France France is a respectable jurisdiction that allows your company to offer products and services bearing the mark of a European company. The basic legal structures available are SP, GP, PJSC, PJSC, LLC, CLS and LLPE.
France offers a number of options: the ability to obtain credit from French banks, the ability to obtain a residence permit, no taxation for companies registered in the country doing business outside of France, and no exchange controls. France has agreements with more than 89 other countries that allow companies to avoid double taxation.
A general overview of the United Kingdom The UK is considered a respectable jurisdiction due to its high level of legal protection, a simple and transparent tax system, the ability to charge VAT and the availability of nominee services.
The basic company types available in the UK are PC, Limited Warranty Company, ULC and LLC. Again, there are no tax obligations for UK registered companies operating exclusively outside the country. Corporate tax rates depend on profit (between 20% and 24%). The UK has agreements with more than 100 countries that allow companies to avoid double taxation.
A general overview of the United States of America The US offers a respectable, highly trusted jurisdiction for a company to register, allowing it to offer products and services bearing a US company's trademark. This jurisdiction imposes no tax obligations on entities designated as non-resident and also permits nominee services. There is no taxation for companies incorporated in the country that do all their business outside of the United States.
The basic legal structures available are private contractor, corporation, branch of a foreign corporation, representative office of a foreign corporation, partnership, LLC, joint venture, or LLJSC.
A general overview of Switzerland The good reputation of this jurisdiction is based on several factors, such as strong business development, a dynamic economy and a track record of innovation. The most important corporate forms available in Switzerland are LLC, ULP, JSC, Commandite Partnership and Subsidiary.
Switzerland offers a high level of confidentiality, the world's leading currency, mechanisms to avoid double taxation, a reasonable tax system with tax rates depending on residence, income level and legal form of the company, tax optimization opportunities and the opportunity to set up service companies that can for the administration used for the business activities of the parent company and can serve as the overseas offices of international companies.
The development of telecommunications and economic globalization have made it possible for interested investors to set up companies all over the world. With proper research, financial investment and legal backing, business ventures can be safely incorporated in almost any country in the world. Building an international business used to be a complicated entrepreneurial venture, but today it is commonplace with the help of experienced legal and business advisors.
The advantages of founding a company abroad are as numerous as they are obvious. Many countries offer specific locational advantages, ranging from natural resources and well-established infrastructure to beneficial laws and regulations that encourage growth in a particular industry. Likewise, it can be difficult to start a business or an acquisition in your own country due to adverse situations: political or regulatory environment, lack of resources and more. In this situation, it makes sense to consider an overseas option that offers greater opportunities for growth, development, and success.
Company registration in Chad When starting a business in Chad, an interested investor must conduct due diligence regarding legal procedures, international regulations and sufficient investment for success. It is crucial to understand cultural, social and political factors that influence starting and growing one's business. Failure to do so may result in unintended consequences. Poorly researched and toneless international launches often end in disaster as time, money and energy is wasted due to poor planning.
Legal Documents Every country in the world presents its own intricate challenges when it comes to starting, developing and maintaining a business. Owners, financiers and investors must make these commitments with the support of a knowledgeable and experienced legal team. Only someone with in-depth knowledge of local and international corporate law will be able to set up an overseas business while avoiding the pitfalls that plague many new businesses.
Additionally, smart business people can consider ways to invest in foreign companies without actually starting their own businesses. In these situations, it is still beneficial for the investor to partner with a knowledgeable global economics and litigation advisor. International investments create a truly diverse portfolio that offers growth opportunities that were unthinkable decades ago.
Potential investors, venture capitalists and entrepreneurs should consider the existing infrastructure in Chad when planning to start a new business. While extensive infrastructure and systems can help make the process of starting a business a smooth one, it could also represent market saturation and reduced growth potential. On the other hand, a lack of infrastructure is often a major obstacle to growth; However, the lack of infrastructure points to a clear market opening for a creative and efficient new business.
Bank account opening in Chad In connection with the formation of a company, it is necessary to open one or more bank accounts in Chad. Confidus Solutions offers the ability to open a bank account in over twenty jurisdictions, making it easy for you to avoid challenging language barriers or bureaucratic hassles.