Company formation abroad
Company formation abroad
Unclear legal system, high taxes and unfavorable administration are some of the reasons why an increasing number of entrepreneurs decide to move their companies abroad. The financial burdens faced by Polish companies often far exceed other European Union countries. The possibility of free movement of people allows you to move your place of residence and business anywhere in the world, and this encourages you to move your company abroad. However, the registration of a foreign company is only the beginning on the way to successive running of your company abroad. When deciding to transfer your company abroad, it is important to choose the appropriate jurisdiction, familiarize yourself with the legal and tax system in a given country and check whether a given jurisdiction will certainly be the most favorable for the success of our company’s operations abroad.
- Legal and tax advice before the decision to set up a company
- Choosing an adequate legal form
- Preparation of company incorporation documents
- Cooperation with local law firms and consulting companies in the field of establishing and servicing the company
- Ongoing legal and corporate advice
- Advice on matters related to AML regulations
- Transaction advisory
- Support in the liquidation and bankruptcy procedure
- Cyprus
- Estonia
- Gibraltar
- the Netherlands
- Ireland
- Italy
- UAE
Setting up a company abroad is a popular practice these days. Entrepreneurs, in connection with the investments carried out, enter foreign markets or decide to do so because of tax benefits. Unfortunately, entrepreneurs often do not have a straight path to become the owner of a corporate foreign bank account for a non-resident.
Opening a corporate foreign bank account outside Poland, depending on the jurisdiction, requires the fulfillment of a number of conditions, depending on the procedures used by specific banks in individual countries. Following the example, in some Czech or Slovak banks it will be enough to translate the company’s registration documents (excerpt from the National Court Register or articles of association) to open a corporate foreign bank account. It is worth remembering that these banks, however, require the personal presence of the company’s management board in the bank’s branch.
- opening a bank account in the European Union,
- opening a bank account outside the European Union,
- opening a bank account for an offshore company,
- opening a bank account in an institution that does not mention tax information,
- opening a bank account to handle transactions on cryptocurrency wallets.