Company registration in Estonia using the "new" e-residency

Estonian government has decided to sell is digital signature to anyone who wants it. They are calling it the "e-residency" and claiming that they are first in the world to offer such a service. If you want one your self, you will be able to acquire one at the end of 2014. Whit the cost of just 50 Euros and a visit to Estonia's  Police and Border Guard office. But is there an actual point of this so called "e-residency" - I think not.

Limited liability partnership

A limited partner ship is a form of a partner ship, that put limited liability on some or all of the partners. This form separates every partner form another, removing the liability for another partners negligence or misconduct. Meaning that each involved party wants to start a partner ship together, but do not not want to be responsible for the other party's actions where the parties are unfamiliar with each other or cannot full trust each other. The abbreviation most often used for this form of a company is LLP.

2014 Offshore excellence awards

Acquisition International calling them self "The voice of corporate finance" is an international monthly magazine specializing in corporate finance news and reporting. They have said to be working with the leading industry analysts to ensure the latest and most accurate news in the industry. As of yet I can't confirm or deny the claims.

Germany

For some odd reason I haven’t heard too much of Germany lately and yet, quietly sitting in the middle of Europe they have managed be the fourth country in the world by nominal GDP. They do have a large population of 80 million and almost 73% of them are from age 15 to 64. The working population has been growing for couple of decades and managed to reach from 65% in 80s to almost 73% in 2012.

Joint stock companies

Joint stock companies (JSC) are another type of offshore and onshore incorporated companies. JSC company is a company owned by shareholders. The shares of the company may be in uneven amounts to different persons and may be transferred(or sold) at any time to any other person without any damage to the company. JSC are sometimes also regarded as unlimited companies, this abbreviation is mostly used in the UK.

The Commonwealth of nations

The Commonwealth of nations is an intergovernmental organisation with Queen Elizabeth II as the head of the organization and the head of the 53 member states. 16 of the 53 three states fall under the monarch of the queen Elizabeth and are also known as the Commonwealth realms. The the members of the organization are united by language history and culture, shared values of human rights and rule of law. There is no political obligation between any two member states. The commonwealth manages to span over one fourth of the total land area of the world. The members states together produce over 17% of the total Gross Domestic product of the world.

Vanuatu

The country consists of more that 80 small islands and officially is called the Republic of Vanuatu. Located in the South Pacific Ocean more than two thousand km away from Australia and around 800 km west of the island of Fiji. The island was inhabited by the Melanesian population when is was discovered by an Portuguese navigator. The island was claimed as a property of Spain and named Espiritu Santo. Later the islands were claimed by the British and the country only started is independence movement in the 70’s.

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.

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.

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.

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”.

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.

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. 

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.

Singapore

Republic of Singapore is an island country and a sovereign city state in Asia . The country consists of the main island of Singapore, Pulau Ujong and more than 60 small islands. The whole island is urbanized. Little of the original vegetation can be found there. The island has had couple different owners thought its past, the British gained sovereignty in 1919, after that the island was occupied by the Japanese during World war II, its quite a young country as in gained Independence only in the 1963.

Madeira

Madeira is one of the two autonomous regions of Portugal. A Portuguese archipelago that can be found in the Atlantic Ocean. The island is of volcanic origins, but the volcano has been inactive for over 6500 years, and is considered to be an inactive volcano. The terrain of the country may be a bit rough, but the climate has been claimed to be perfect - warm in winters and not too hot in summers. Its also know for its wines and traditional "Madeira cake".

Liechtenstein

One of the richest and hardest working countries in the world according to the GDP and the countries low unemployment rate at only 1.5%. One of the only two doubly landlocked countries in the word. The country lies fully in the alps and the  population mostly consists of German speakers, English is mostly used only for business needs. German is the only official language.

Samoa

The Independent State of Samoa is an oceanian country composed of multiple islands in the South Pacific Ocean. Savaii and Upolu being the main and the biggest of the island group. The island of Savaii being the biggest one and also at the same time quite undeveloped, due to the old ways of living, the island is often regarded as the “real Samoa ”. The second island Upolu is a bit smaller, but its the capital of the country, most of the population lives there and most of the infrastructure is built there. The international airport of Samoa is also located on the Upolu island.

Labuan

Labuan is federal territory that is made up of the main Labuan Island and six smaller islands. The island is mostly known for its capital as an offshore financial center that offers international financial and business services and also being famous for the deep water offshore gas and oil extraction. The name of the country derives from the word Labuan which means harbor, as in the past it used to be a place travelers would come to restock goods.

Romania

Romania is the largest country in the south eastern Europe. Measuring in at an area of 238400 square kilometer, its almost the same size as the United Kingdom. The first fully self propelled plane in Europe was built by a Romanian inventor. Romania seems to be one of the countries in Europe to get the first grasp on many things in the 20th century. Altho when the communist regime was overthrown in the end of 20th century, the economy experienced a downfall, it has since recovered and now considered an upper-middle class country.