Monday 25 August 2014

Liberia

Officially the Republic of Liberia is relatively small country in Africa. The country is rich of quite diverse ethnic groups. Home to almost 4 million people and with one of the fastest population growing rates for the region. The climate of the county is quite harsh, as almost half of the year the area is blessed with heavy rainfall and the Hartman winds blowing hard for the rest of the year.

Friday 22 August 2014

Nevis

Nevis is one of the islands in the Leeward island group and a part of the Federation of Saint Christopher(also known as Saint Kitts) and Nevis. The group can be found in the Caribbean sea. The two islands lay around 3 kilometers apart from each other, with a shallow channel called The Narrows connecting them and Saint Kitts being the largest island of the two. As the federation is also a part of the commonwealth realms, Queen Elizabeth II is the head of the state and also sometimes is referred to as the Queen of Saint Christopher and Nevis.

Economy

A large part of the economy used to consist of the production of sugar from locally grown sugar canes. But as some large natural disaster such as storms and hurricanes may wipe out a large part of some plantations, the government has shifted it’s focus from the production of the sugar canes to such areas as tourism, export-oriented manufacturing and offshore banking. Almost all the accounted income in Nevis is made from the offshore financial sector. Just the yearly fee of the 17 thousand registered banks amounts to more than 10% of GDP. In 1999 the Hurricane Lenny caused massive damage to the major part of the island. The economic crisis where evaded due the stable income from the offshore financial sector and some minor part of the economy comes from the income that derives from the investments for the purpose of acquiring a citizen ship in Nevis.

Incorporation

The two types of companies that are usually incorporated for the offshore use are offshore exempt company, and the second being offshore Limited Liability company. The usual time for company incorporation in Nevis ranges from a single day to a week.

Company name

The name of the company may be in any language as long as it uses Latin alphabet and if the name of the company is in language in any other than English the name of the company must be accompanied with the translation of the name in English. Also the company name must comply with the following rules: The name of the company may not be similar or the same to an already existing company. A name that may suggest any illegal activity and a name that may be offensive/undesirable for both the government and the registrar.

Company names that require a special license

Any names that may suggest such activities as banking, insurance, funds, loans, trusts and education facilities.

Language

The literacy rate for the country is 98%, one of the highest rates for the region. The official and mostly used language of the island is English.

Local requirements

An agent licensed by the minister of finance is required with a local registered office for the company. There are no requirements for a local secretary and the director of the company may be of any nationality and may reside anywhere in the world.

Yearly requirements

A company must pay a yearly license fee of at least 200USD or equivalent and prepare accounts for such events as inspections by government.

Wednesday 20 August 2014

Iceland

Iceland is an island on the borders of the Atlantic and the Arctic oceans. The economy of the country has gone through some difficulties in the past, but since the country joined the European Economic Area, the economy has made a significant recovery. The country is among the top of the countries in the UN Human Development index.

Monday 11 August 2014

Australia


Commonwealth of Australia is the a country that takes up a whole continent - the Australian continent and some smaller islands around it. For a while the country used to be a colony of the United Kingdom, now its a part of the commonwealth of Nations - a commonwealth realm. Having Queen Elizabeth II  as the leading constitutional monarch. Australia has one of the most diverse environments and wildlife, for this Australia is recognized as a “Megadiverse country”.

Friday 8 August 2014

The Flex-BV Act 2012

Since I didn't add match information on the specific act in the Netherlands article, this is a follow up, explaining a bit more deeply the act and how it operates.
As the title of this article states the Flex-BV act came in to force in the 2012, on October 1st to be exact. The act was made for easy incorporation of Dutch limited liability companies. Also offering more flexibility in the governance structure of the incorporated company.

Wednesday 6 August 2014

Costa Rica

Costa Rica is a beautiful place and is quite popular visit location for tourists. Officially the Republic of Costa Rica and meaning the rich coast in Spanish. The country resides in the central America and is one of the most stable and prosperous economy of the region. Quite interesting pottery and other old artifacts have been found there. One of the most popular plants of export have been coffee, although the coffee beans have not been indigenous to the country, since the first time the plants were imported in the 19th century, they have since been one of the major exports of the country making a portion of the yearly income. 

Monday 4 August 2014

Switzerland

Swiss Confederation is a very independent country and a federal parliamentary republic in the central Europe. A landlocked country with the population of about 8 million people. Switzerland is divided into 26 Cantons and every Canton has its own constitution, legislature, government and court system. Majority of them having the German as the official and mostly used language, altho in some of the Cantons the main language used is French.The country has the four following languages as the official languages: German, French, Italian and Romansh, as previously mentioned the most used language is German, followed by French and Italian, the Romansh language is used by less than one percent of the population.