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  • Germany is country of Europe located in central Europe Official Name: Federal Republic of Germany Capital: Berlin Total area: 357 021 km2 GDP per capita: $39,028 Native Language: German Government: Federal parliamentary constitutional republic Population: 80,399,300 Major Religion: Roman Catholicism, Lutheran Monetary Unit: Euro (EUR) Germany, officially the Federal Republic of Germany, is a federal parliamentary republic in western-central Europe. The country consists of 16 states, and its capital and largest city is Berlin. Germany covers an area of 357,021 square kilometres (137,847 sq mi) and has a largely temperate seasonal climate. With 80.3 million inhabitants, it is the most populous member state in the European Union. Germany is the major economic and political power of the European continent and a historic leader in many theoretical and technical fields. Germany has the largest population of any EU country. Its territory stretches from the North Sea and the Baltic in the north to the Alps in the south and is traversed by some of Europe's major rivers such as the Rhine, Danube and Elbe. Germany is a federal republic. The lawmakers at the national level are the Bundestag , whose members are elected every four years by popular vote and the Bundesrat , which consists of 69 representatives of the 16 states (Bundesländer). After the Second World War, Germany was divided into the democratic West and the Communist East (German Democratic Republic). The Berlin Wall became the symbol of this division. It fell in 1989 and Germany was reunited a year later. German is the most widely spoken first language in the European Union. Germany is the world's third largest economy, producing automobiles, precision engineering products, electronic and communications equipment, chemicals and pharmaceuticals, and much more besides. Its companies have invested heavily in the central and east European countries which joined the EU in 2004. As birthplace of Johann Sebastian Bach, Ludwig van Beethoven, Johannes Brahms and Richard Wagner, among others, Germany's gift to European classical music is important. In thought and word, Germany’s huge heritage includes the works of Luther, Goethe, Schiller, Nietzsche, Kant, Brecht and Thomas Mann. Germany is the second largest producer of hops in the world and the country is known for its quality beers. Wine is produced in the Moselle and Rhine valleys. http://www.immigration-residency.eu/counsel/europe/germany/ [more]
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  • Taxes in Latvia The Latvian tax system is subject to both Latvian legislation and the requirements of the European Union. It can be described as average, as each taxpayer contributes an average of 30% of his income to the household. In addition, Latvia's diverse system of tax rates, tax reliefs and tax allowances enables every taxpayer to choose the optimal sector for their activity and management of the funds. The Republic of Latvia has the lowest effective (average) tax rate in the European Union. There are several areas of commercial business with individual tax privileges - 80% to 100% lower payments: Liepāja and Rēzekne, for example, have special economic zones, and the free ports of Riga and Ventspils can offer tax breaks. The tax principles are laid down in the Law on Taxes and Fees. Taxes are administered by the State Revenue Service (SRS) and are divided into direct and indirect taxes. Indirect taxes are taxes that are not directly deducted from income and are levied on goods and services. Direct taxes, in turn, are taxes that are levied on all taxable income of natural persons and companies. Corporate income tax The object upon which the corporate income tax is imposed is the taxable income obtained by a tax payer during a taxation period. The tax base is corporate financial income adjusted according to the law. The adjustments are mainly implemented in order to ensure that the income is greater than expenses on which the tax is not levied (for example, expenses that are not directly related to economic activity) or in order to reduce the income by a specific amount in case if the law envisages tax relief. Corporate income tax payers are the following: resident or domestic companies performing economic activity, organisations and institutions funded from the state budget or municipal budgets, which obtain income from economic activity; non-resident or foreign companies, business entities, natural and other persons; permanent representative offices of non-resident undertakings the income tax rate of which is 20%. Individual undertakings are payers of the personal income tax, and the tax rate ranges from 20% to 31.4%, depending on the amount of income. Personal income tax The personal income tax is one of the steadiest sources of income adding funds to municipal budgets. Personal income tax payers are self-employed persons or undertakings that have been registered as tax payers, including agricultural and fishery farms. It is envisaged to repay the personal income tax to tax payers with eligible expenditure for education and medical services. The personal income tax rates vary between 20% and 31.4%, depending on your income. It also must be noted that the tax is not levied on all income. Instead, a number of items are deducted from the total income before the tax is calculated: non-taxable minimum deductions for being a legal guardian of certain persons (e.g. children) deductions for people with disabilities other deductions https://www.baltic-legal.com/taxes-in-latvia-eng.htm [more]
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  • Taxes in Estonia The Baltic Sea region is the fastest growing economic region in Europe. The trade flows between the states of this region increase steadily from year to year. The Estonian tax system is considered to be one of the most liberal tax systems in the world. In 2000, Estonia carried out a comprehensive tax reform with the aim of making the tax system as simple, understandable and convenient as possible. The main advantage of Estonia is the low tax system, which can be described as a simple system with no hidden surprises, and which is essentially set up to promote the economy and increase profits. Estonia's taxation system includes state taxes set by tax legislation and local taxes levied by local governments or city councils in the respective territories in accordance with laws and regulations. The state taxes are as follows: Excise duty; Income tax; Gambling tax; VAT; Property tax; Social tax; Customs tariffs; Heavy goods vehicle tax. Corporation tax As a result of the reforms, the main benefit for entrepreneurs was corporate tax exemption on reinvestment of profits. Thus, Estonian companies only have to pay income tax on their distributed profits, namely dividends. Corporate income tax (tax on distributed profits) is 21% of gross dividends. This taxation system differs conceptually from the classic income tax system, as the tax is levied on distributed profits (including hidden distributed profits) instead of on corporate profits. Value Added Tax (VAT) Companies subject to VAT are those whose taxable performance (excluding imports) does not exceed EUR 16,000 in a calendar year. The tax is levied on transactions in goods and services in Estonia and on the importation of goods. The tax rate is 20% of the taxable value. The tax period is one calendar month, VAT must be paid into the state budget by the 20th of each month. The tax is paid in full to the state budget. The companies are registered by the tax and customs authorities, which also manage VAT on domestic goods and services. Personal income tax In 2010, the tax rate is 21 % of taxable income, and residents must pay the tax on their income received both inside and outside Estonia. The taxable income includes the income from employment (salary, wage, bonus and other remunerations), business income, interest, royalties, rent, capital gains, maintenance support, pensions, scholarships (except for scholarships paid from the state budget or pursuant to law). Social tax This tax is imposed to ensure state pensions and health insurance. It is paid by legal persons, natural persons and non-residents with regular income. The tax rate is 33 % of the taxable amount. The tax must be calculated monthly, and a corresponding amount of money must be transferred no later than by the tenth day of each month. Since 1 January 1999 the social tax payments have been personalised, and they form pension funds which will be considered in each specific case. The tax is accumulated in a special account of health and pension insurance funds within the state budget. Excise duty In Estonia, the excise duty is levied on tobacco, alcohol, fuel, packaging and vehicles. The excise duty helps to control the amount of a specific product or provision of a specific service seeking to adjust the consumption of domestically sold goods. Like value added tax revenues, also excise duty revenues are affected by changes in domestic demand, increase in imports of excise goods, as well as changes in excise duty rates. Gambling tax The gambling tax is levied on income from games of skill, totalisators, betting and lotteries, as well as gambling tables and machines used for organising games of chance in licensed places. The tax is based on payments out of which the winnings are paid. The taxable period for organising lotteries, games of chance and skill is one calendar month. The taxable period for totalisators is the period during which the betting is organised (it must be within the same financial year). Tax rates are the following: EUR 447 per one gambling machine; EUR 1278 per one gambling table. The tax rate on betting is 5 %, on totalisators - 5 %, on games of skill - 18 %, and on lotteries - 18 %. https://www.baltic-legal.com/taxes-in-estonia-eng.htm [more]
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  • Infrastructure of Germany Germany's logistics performance index is 4.12. It performs well - the logistics system is well prepared and organized, the shipments usually arrive on time and undamaged, and the infrastructure is ready to handle even unpredictably large volumes of traffic as long as it is not overwhelmed. The customs performance is rated as 4.1. It indicates good performance - customs clearance is quick and effective, in some cases it may even be absent (e.g. borders of the Schengen area), which promotes international business; the necessary documents and fees are foreseeable and publicly available and can in some cases (mostly for visas) be applied for at the customs office. The infrastructure quality in Germany is rated at 4.32. It indicates good quality - roads, railways, ports and other facilities are adapted and regularly maintained to handle heavy traffic at all times, and there is most likely special facilities for handling high-intensity and / or special traffic or vehicles (e.g. Motorways, also called motorways and deep sea ports). The quality of the international shipments is 3.74. It indicates satisfactory performance - the services are reasonable and the prices are not too high and are usually exactly of the same quality, although there is still room for improvement. The competence of logistics service providers is rated at 4.12. The providers are very competent - they ensure a high quality of shipments and traffic processing at all times and work quickly and reliably; Any errors that occur will be compensated without question. Tracking options for shipments are rated at 4.17. It indicates good performance - the tracking systems provide detailed and up-to-date information on most parameters of shipments, often cross national (both political and linguistic) barriers and can be qualified as international shipment tracking systems. http://www.confiduss.com/en/jurisdictions/germany/infrastructure/ [more]
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  • Opening your restaurant in Latvia https://www.baltic-legal.com/latvia-restaurant-opening-licences-and-company-registration-eng.htm Baltic Legal provides a wide range of services and assistance in setting up and promoting your business in Latvia and other Baltic countries. If you are considering opening a restaurant, bistro, cafe, bar or other eatery in Latvia, we will discuss aspects such as real estate, business registration and company formation, permissions and licences, recruitment, creating a potential customer base and tax regulations. Today, Latvia is a growing country in many respects, with a lot of business potential due to its advantageous geographical location. Opening a restaurant in Latvia is a sound choice, and a potentially lucrative venture. However, it is important to be fully informed of all the relevant factors and risks. Hundreds of thousands of tourists visit the country every year, and they love to have a good time — especially in restaurants, bars and cafes, just like the locals. It is not surprising, then, that the restaurant business is currently one of the Latvian economy’s most popular and profitable sectors. Contact us now if you are interested in opening your restaurant business in Latvia! Commercial real estate and business premises Finding premises is the first step in setting up your restaurant business. In the last few years, construction has been increasing all over the country, so it shouldn’t be too difficult to find the right property. First, you will have to decide what type of property you need and where. Next, you will need to buy or rent the right premises to support the success of your operation in Latvia. This process can take up to a few months if you do it yourself, but we are on hand to help you and save your time and resources. Our team of specialists is ready to help with choosing the best location for a restaurant anywhere in the country. We’ll help you choose a property to rent or buy based on your goals, so to make sure you choose the best option, and have all the paperwork taken care of, contact us for a consultation! Business registration and company formation When setting up a business you are required to register your company. We can provide you with a ready-made company or set up a new one for you according to your business plan. This can take up to a few weeks, depending on the case. To avoid having to worry about paperwork and possible mistakes when drafting documents, contact us — we have the knowledge to do it correctly and to a high standard, saving you time. You will also need to open one or more bank accounts in Latvia. Baltic Legal can help you open a bank account in over twenty jurisdictions, making it easy for you to avoid challenging language barriers or bureaucratic logjams. What we can do for you: We will provide high-quality professional company registration services and an individual approach to your needs, while promising loyalty, privacy and fast service; We will provide an efficient service, thus taking a great deal of the load off your shoulders; We will help you solve complex issues and provide you with swift, high-quality legal, accounting and business management services. [more]
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  • Culture of Nigeria - http://www.confiduss.com/en/jurisdictions/nigeria/culture/ - The people of Nigeria speak the English language. The linguistic diversity of Nigeria is very diverse according to a fractionation scale, which is 0.8316 for Nigeria. The followers of Christianity are the religious majority in the country. 49.6% of Nigeria's population live in cities. This percentage includes Nigeria's urban population. The urbanization rate in Nigeria is given as 3.8. According to data on incoming tourists in Nigeria, 600,000 tourists come to the country every year. National anthem The national anthem of Nigeria is called "Arise, O Compatriots". It was adopted in 1978. The lyrics were written by John A. Ilechukwu, Eme Etim Akpan, B. A. Ogunnaike, Sotu Omoigui, P. O. Aderibighe and the music was composed by the Nigerian Police Band under the direction of B. E. Odiase. Fast food About 7% of Nigeria's population are obese. Alcohol consumption Every year in Nigeria people consume 1 liter of alcohol per capita, and this amount consists of 8% beer, 0.4% wine, 0.9% spirits, 90.7% other alcohol. National dish One of Nigeria's most popular national dishes is jollof rice. [more]
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  • Aged company (older than 2 years) With the help of Confidus Solutions, buy a ready-made, off-the-shelf company. The catalog of Aged Companies for Sale spans jurisdictions worldwide, however only a few really offer Aged Companies. All aged companies are listed by several values ​​- country of origin, type of business, number of shareholders, confidentiality level, age of the company, number of shares, capital and other relevant data points. Confidus Solutions provides this outdated company list free of charge and according to the respective basis. For data protection reasons, we only have limited access to some data points, such as the company name and legal address. http://www.confiduss.com/en/services/company/aged/ [more]
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  • Infrastructure of Micronesia, Federal States of http://www.confiduss.com/en/jurisdictions/the-federal-states-of-micronesia/infrastructure/ In Micronesia, Federal States of, 59.3% of the population has access to electricity. Micronesia, Federal States of has 6 airports nationwide. There are 4,668 internet hosts in Micronesia, Federal States of. The number of road motor vehicles per 1000 inhabitants in Micronesia, Federal States of is 72. Road network The total road length in Micronesia, Federal States of is 240 km (149 miles). Out of them 0 km (0 miles) of roads are classified as motorways, freeways, or autobahns. Gas price On average, you would pay 1.25 USD for one liter of gasoline in Micronesia, Federal States of. One liter of diesel would cost 1.36 USD. [more]
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  • Immigration to Italy Introducing Italy which is considered to be the gateway to European countries while having several large international airports, Italian rail service and ferry terminals. At the beginning of 2017, there were 5,047,028 foreign nationals, who resided in the country. It is considered to be merely 8.2% of the country's population with a slight increase during the previous year. Italy’s residents included also children born in Italy to foreign nationals - 14.9% of total births in the country. However, an immigration background has around 6,200,000 people residing in Italy. This includes about 60% of immigrants living in its Northern part, around 26% in the Central part and about 16% in the Southern regions. The official currency of Italy is the Euro (EUR). Italy is a core member state of the European Union and the Schengen area, which provides many benefits for its residents. Currently, Italy has several running business immigration programs as Italian immigration law allows foreign nationals to enter the country and carry out self-employment activities by acquiring a residence permit in Italy or to join one of the investors' visa programs will be required. http://www.immigration-residency.eu/immigration-to/italy/
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  • Immigration to France Introducing France which can be described as one of the biggest European countries with rich cultural heritage and respect for human rights. Statistics show us that the population of France is currently estimated at around 67.3 million. The biggest ethnic group is French. France also hosts many foreigners from Spain and Italy. There are also many immigrants from Algeria and Morocco, in addition to the other former French colonies in North Africa. The official language is French. The Official currency is the Euro (EUR). France is a core member state of the European Union and the Schengen area, which provides many benefits for its residents. Currently France has no running business immigration programs, however, it is still possible to acquire a residence permit in France. For short stays up to 90 days, a visa will be required. http://www.immigration-residency.eu/immigration-to/france/Immigration to France
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  • The Baltic Sea region is the fastest growing business region in Europe. The trade flow among the states in this region has been steadily increasing year by year. The taxation system of Estonia is considered one of the most liberal taxation systems in the world. In 2000, Estonia implemented a comprehensive tax reform with an aim to create the simplest, most comprehensible and most convenient taxation system possible. The main advantage of Estonia is the low-tax system that can be described as a simple system with no hidden surprises and that was basically established to promote business and increase profits. The taxation system of Estonia includes state taxes stipulated by the tax legislation and local taxes imposed by local governments or city councils in the respective territories according to laws and regulations. The state taxes are the following: excise duty; income taxes; gambling tax; value added tax; land tax; social tax; customs tariffs; heavy goods vehicle tax. Corporate income tax As a result of reforms, the main benefit of entrepreneurs was the exemption from the corporate income tax in the event of reinvesting the profits. Thus, Estonian enterprises must pay the income tax only on their distributed profits, namely, dividends. The corporate income tax (tax on distributed profits) is 21 % of gross dividends. This taxation system is conceptually different from the classic income tax system, because the tax is levied on distributed profits (also hidden distributed profits) instead of company profits. Value added tax (VAT) The value added tax payers are enterprises the taxable supply (except for import) of which does not exceed EUR 16,000 during a calendar year. The tax is levied on transactions with goods and services in Estonia and on the import of goods. The tax rate is 20 % of the taxable value. The taxable period is one calendar month, and the value added tax must be paid into the state budget by the twentieth day of each month. The tax is fully paid into the state budget. The registration of enterprises is carried out by the Tax and Customs Board also administering the VAT levied on domestic goods and services. Personal income tax In 2010, the tax rate is 21 % of taxable income, and residents must pay the tax on their income received both inside and outside Estonia. The taxable income includes the income from employment (salary, wage, bonus and other remunerations), business income, interest, royalties, rent, capital gains, maintenance support, pensions, scholarships (except for scholarships paid from the state budget or pursuant to law). http://www.baltic-legal.com/taxes-in-estonia-eng.htm
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  • Intellectual property holding solution Cyprus offers a very useful IP tax regime. The law provides for a certain tax exemption for income derived from intellectual property. More specifically, 80% of the worldwide royalty income generated from IP owned by a Cyprus tax-resident company (net of direct expenses) is exempt from income tax. In addition, 80% of profits generated from the disposal of IP owned by Cyprus-resident companies (net of direct expenses) is also exempt from income tax, and any expenditure of a capital nature for the acquisition or development of IP is tax-deductible in the year in which it was incurred and the four subsequent consecutive years. Companies registered in Cyprus, if managed and controlled from Cyprus, will receive a tax clearance certificate. In order for the company to maintain its management and control in Cyprus, the majority of the company's board of directors must be Cyprus residents, the company's secretary and registered office must be located in Cyprus, the board of directors must hold its meetings in Cyprus and, if possible, the company's shareholders should hold some of their meetings in Cyprus. The tax authorities have also increased their requirements and are now looking into the issuing of powers of attorney by companies. If a general power of attorney is issued by the company allowing someone who is not resident in Cyprus for tax purposes to act on its behalf, this might render the company non-tax resident. http://www.confiduss.com/en/services/solutions/holding/
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  • Bank account management tools Whether you have a private bank account or a corporate bank account for your business needs, it is essential to have convenient access to your funds and constant control over your account. However, sometimes you may be too busy to monitor your bank account, or you may be travelling, making your funds inaccessible when you need to make an urgent transfer... Fear not, for there are a number of different account management tools available that allow you to choose and create the most efficient and convenient account management model, no matter where you are. The three most common types of tools used to access and manage your bank account are: Online banking Using a personal banker Authorising someone to manage your bank account for you. Online and mobile banking Online banking, also known as virtual, internet or e-banking, is an electronic payment system that offers the clients of a bank or other financial institution the ability to handle a wide range of financial transactions by using the bank's website. As online banking is highly dependent on internet access and take-up, the first e-banking services appeared in the early 1980s in New York, when it was known as 'home banking'. Today, bank account management via online banking is in huge demand. http://www.confiduss.com/en/banks/account-management/
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  • Merchant account A merchant account is a type of bank account for businesses that allows accepting and processing credit and debiting card transactions. Merchant account is often required for various businesses, especially for online operations. This account is specifically used to identify the vendor as the owner of the purchase. Information about the owner and transactions is sent directly to the bank. This bank account is issued by acquisition of a bank for a certain vendor under an agreement to settle payment card transactions. Sometimes, an independent sales organization, a member service provider or other payment processor takes place as the third party in the merchant agreement. After signing a merchant agreement, the vendor is contractually bound to obey the regulations of card associations, such as MasterCard or Visa. http://www.confiduss.com/en/banks/account/merchant/

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