Micro News

Mutual ownership of a land plot in Cyprus imposes certain limits on its disposal. In particular, this concerns the authorisation of owners to use or isolate the land. Other owners tend to refuse from signing any alienation documents, thus reducing the selling and purchase deal to null and urging the…


Singapore offshore companies are obliged to submit two annual reports - Estimated Chargeable Income and a Form C or CS tax statement. ECI must be submitted within 3 months upon the end of a Singapore company’s financial year. If they do not receive the report in due time, Singapore tax authorities calculate…


Despite the “conventional wisdom” of corporate rights amateurs, Shareholders have limited points of leverage in terms of offshore company management. They can interfere with business matters only through Shareholders’ meetings, either scheduled (annual) or extraordinary, and decide on the dismissal or…


Who is a Nominal Director?

The sphere of offshore companies is full of jargon that might mislead a novice. An example of such a jargon term is “Nominal Director”. In fact, no legal concept of “Nominal Director” exists. There is a nominee, who might represent someone. Any person that acts as a “Nominal Director” is actually a…


Definitely not, if you ask me. To understand my point of view, one should remember why a company needs audited documents. Auditing is supposed to provide some kind of protection for Shareholders who have limited rights for company management but also wish to know what is going on with the company. A…


An end-of-year report, also called the Annual Return, reflects primary changes in a company’s structure for the previous financial year. The offshore company structure implies all information regarding Shareholders, Directors, Secretary and the legal address. In case a Singapore offshore company shows…


Quite recently, we’ve visited Hong Kong for business matters and happened to have a small talk with some of our partners that render corporate services on formation and maintenance of Hong Kong offshore companies. All of them complained about the local regulatory body’s having become especially strict…


Quite recently, we’ve visited Hong Kong for business matters and happened to have a small talk with some of our partners that render corporate services on formation and maintenance of Hong Kong offshore companies. All of them complained about the local regulatory body’s having become especially strict…



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