Tax and accounting regulations

Limited Liability Company (Srl – Societa a responsabilitia limitia).

RUNNING COSTS

  • Chartered accountant from: EUR 5,400.00 registering 20 invoices in and out, email support, yearly return and 1 meeting every quarter. This is to be taken on account and a formal quotation will be given by the accountant.
  • Bookkeeping at cost to be defined according to requirement

NOTES

  • Costs net of qualified tax, duties and costs unless otherwise stated.
  • Costs for standard Srl. Company with basic activity and no employees.

OFFICES

  • Virtual Office in Italy (includes telephone, fax and mail forwarding facilities): 350.00 EUR per month payable quarterly in advance plus 1,150.00 EUR deposit refundable within 30 days upon termination of your office contract
  • If a year is paid in advance the fee is reduced to 320.00 EUR per month plus a 500.00 EUR deposit, refundable when the contract expires and provided that 3 months notice is given. Set up fee for all office contracts is 250.00 EUR
  • Serviced offices: cost as per requirement.

Branch of a Foreign Company

ACCOUNTANCY

  • Company services from: 5,500.00 EUR.
  • This includes registered office, complete accountancy service (including VAT return and tax return), 100 invoices per year. Please contact us for a quote if invoices exceed this figure.
  • Bookkeeping at cost to be defined according to requirement.

NOTES

  • Costs net of qualified tax, duties and costs unless otherwise stated.
  • Costs for standard Srl.company with basic activity and no employees.

OFFICES

  • Virtual office (includes telephone, fax and mail forwarding facilities): 350.00 EUR per month payable quarterly in advance plus1,150.00 EUR deposit refundable within 30 days upon termination of your office contract. If a year is paid in advance the fee is reduced to 500.00 EUR per month
  • Serviced offices: cost as per requirement.

 

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  Resources:

Cyprus Regulatory Update: Shell Company Definition & Exceptions

Cyprus Regulatory Update: Shell Company Definition & Exceptions

The Central Bank of Cyprus has released new guidance for all credit institutions on the island, refining the definition for shell companies and subsidiary entities; coming into effect from November 2018, which are detailed as follows:

Singapore Variable Capital Company VCC: New Features & Benefits

Singapore Variable Capital Company VCC: New Features & Benefits

The introduction of the VCC is a significant positive for the Singapore funds industry. Its aim is to retain Singapore as an attractive business destination and to keep investors wishing to domicile locally.

Consolidated Accounts for Hong Kong Companies: Subsidiary Requirements

Consolidated Accounts for Hong Kong Companies: Subsidiary Requirements

As per Hong Kong company’s ordinance subdivision 3 section 379 subsection 1, a Company Director will have to prepare year-end financial accounts that comply with sections 380 and 383.

Challenges of Our Time: Cryptocurrencies & Their Regulation

Challenges of Our Time: Cryptocurrencies & Their Regulation

The very concept of cryptocurrencies derives from technologies and the creation of alternatives to existing payment systems, which for the most part is caused by the negative consequences of financial crises and the injustice within the sphere of financial and legal regulation. Many people are convinced that the cryptocurrency is likely to become an alternative to the established global financial system and open new opportunities to those segments of the population and citizens of those countries that are deprived of the opportunity to work with the banking financial system.

The Tax System in Poland: Benefits & Overview

The Tax System in Poland: Benefits & Overview

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The reasons of abolition of the Company Secretary in UK Private Companies

The reasons of abolition of the Company Secretary in UK Private Companies

The role of Corporate Secretary can be a position in a private sector company or within the public sector organisation. In large, publicly-listed corporations, a Company Secretary is typically named a Corporate Secretary or just a Secretary. The Company Secretary is responsible for the efficient administration of a company, particularly with regards to ensuring compliance with statutory and regulatory requirements and also for ensuring that decisions of the board of directors are implemented.

The Dematerialisation of Shares in the UK: Current Update & Assessment

The Dematerialisation of Shares in the UK: Current Update & Assessment

Business is an area that is continuously developing. An integral part of both business and economics are companies. It is possible to say that companies dictate the conditions of the market to a certain extent. Any public or private company has its own shares; a share is a security that provides a portion of ownership of the company and gives the holder the right to a part of the profits.

Current Information on the Payment of Cyprus Taxes for Pensions & Rental Income

Current Information on the Payment of Cyprus Taxes for Pensions & Rental Income

Cyprus employees who are considered to have tax resident status, pay tax on their global income. Employees not considered to be tax resident are only charged for specific types of income that are originating from Cyprus-based sources.