Fir international Entrepreneuren
A formal email was received from the Russian Federal Service for Supervision in the Sphere of Telecom, Informatiounstechnologien a Massekommunikatioun (ROSKOMNADZOR) that our PROMINEE® website has been blocked from Russia. A reference to the decision of the Kungur City Court (Perm Territoire) Nee. 2a-3556/2023 datéiert 2023-12-25 (op Chrëschtdag?!) gouf awer gemaach…
Sometimes the most basic legal structure can be completely depraved to become something illegal. Take for example this married British couple wanting to create a Trust in Belize. They contacted a licensed local agent, and paid a hefty fee to create a Trust (7x times more expensive than PROMINEE®). During the Trust Deed drafting time:…
Twenty years ago, a Nevis LLC was incorporated and kept all those years until the agent became stupid/greedy/absurd. While the Nevis agent cannot be named, the limit was reached when the agent added this service: Discard all mail received, at a fee of $100 per annum This agent charges US$1,000 for a Nevis LLC incorporation,…
Similar to a holding company: an investment company can open a brokerage account and start investing in the stock markets around the world. If you are in a country that has investment restrictions (economic patriotism), or in which the yearly management is expensive and burdensome: you can outsource and organize it into another country. Déi…
The ultimate goal of an entrepreneur is to sell its own company: this often marks a lifetime achievement and the potential ability to retire with a lump-sum of cash. From an entrepreneur you can become an investor (another great next step). There is no other way than using a holding company to maximize the future…
The most common use case of our services is to meet a statutory requirement for a specific legal form (this sentence seems so general, but if you want an explanation keep reading). Let’s say that you want to incorporate or create an association. The legal requirement in your country for this type of company is…
From time to time: new customers ask or search for any reviews of PROMINEE®, but they cannot find any. Unfortunately for those new customers, they forget that PROMINEE® is exactly like the provided services: discreet. This leads to the second point: positive feedback is received from happy customers, but if their names cannot be published,…
It is over! The Dominica’s International Business Companies regime is officially abolished from 1st January 2022. Those companies have the option to re-register as a local company (the deadline was 31 Dezember 2021) and be subject to the Dominica’s local 25% corporate income tax. All the local agents are therefore out of business. The only…
Effective 1st of April 2020: the yearly maintenance fee increases from US$450 to US$500 for all LLCs and IBCs. Partnerships and Foreign Maritime Entity (FME) are unchanged. This increase is due to the cost of compliance with the Economic Substance regulations pushed by the European Union onto the Marshall Islands. Talking about Sovereignty: do not…
Ënnert dem Drock vun der OCED an der EU: Dominica ofschafen déi virdrun zouginn 20 Joer Steierbefreiung fir all IBCs. Steiersaz wäert elo sinn 30% vu weltwäite Gewënn ab dem 1. Januar 2022. Voll legal Referenz: International Business Firmen (Ännerung) Akt, 2019, ACT 2 vun 2019 http://www.dominica.gov.dm/laws/2019/International Business Companies (Ännerung) Gesetz 2019.pdf
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