Pro mezinárodní podnikatele
The State of Delaware makes US$16 billion out of corporate fees alone (2015 report). This is the GDP of Malta or Iceland. Despite this, it took them 3 months to process a regular corporate document sent to the Division of Corporations: from October 2016 to January 2017. If you want a faster proceeding you have to pay…
Most IBCs in Belize are probably illegal because of this: §73.(4) A company incorporated under this Act shall have a common seal and an imprint thereof shall be kept at the registered office of the company. (5) A company that wilfully contravenes this section is liable to a penalty of $25 for each day or…
It is a classic in philosophy, and even in some religious texts: “your biggest enemy is yourself“. For that matter the Seychelles fell on its own on the 26th July, 2016, in force since the 1st of November, 2016: Section 119 of the Act requires that: an IBC to make an annual declaration that the IBC…
It is sad to see that in the British Virgin Islands (BVI) you cannot search online for a company name… For this privilege you have to fill a form & pay US$30, send it by snail mail or email and wait for the answer back… Where are we? In this day & age when information…
The Botswana IFSC set up-up in 2003 is dead, today only a 5 pages website with completely outdated information is up. The IFSC death was already announced back in 2010 because South Africa restricted inward investments and is already a developed financial centre. The agencies that took over are: the BITC (Botwana Investment & Trade Centre) for…
Back in 2014 we (freely) advised to stay away from the iCommerceRegistry of the Gambia. The website is still online but the content is gone with only this red message: “Due to current technical duties iCommerceRegistry is unable to accept any new agents at this time“. In August 2016: Streber published an announcement from the…
We saw in the year 2015 that a rush of companies from Nevada transferred to Wyoming. We found out why in 2 blog posts entitled: The Nevada Corporation is Officially Dead : in 2015 the annual Business License fee was jacked up from US$200 to US$500 (a 150% increase!), making it the most expensive state to…
The Secretary of State of Wyoming made available for download their complete business entity database. We downloaded this data, and input it into a Database Management System (DBMS) called MySQL, therefore we are able to make some interesting queries (& discoveries). The very first filling made in Wyoming was for: ten “United Presbyterian Church” in…
A Domestication is the transfer of the domicile of incorporation of a company from a jurisdiction of origin to another (new) Domestic jurisdiction of destination. All assets & liabilities are transferred in one single process. In some jurisdictions, the Domestication includes the transfer of the starting date of incorporation; in others, the company is given…
Let’s imagine both Delaware and Wyoming freeze their prices for renewals of LLCs, how would it go over a 10 years period?… That’s right, Delaware is 6 times more expensive than Wyoming. After 10 years you could save US$2500… With that amount, you can : buy stamps to send 5,319 snail mail postal letters within…
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