Company registration

Lithuania is an ideal country for business development. Any foreign citizen or legal entity can register a company in Lithuania (if the country is not subject to UN or EU sanctions). Lithuania is one of the leaders in the EU in terms of economic recovery rate. Despite the impact of the global economic crisis, Lithuania is also a significant transport hub in the European Union.

Advantages of Lithuanian companies:

15% profit tax;
Low Returnable Share Capital;
Opportunity to open accounts with European banks;
Eligible company costs and minimum number of employees required for registration.

Andumpark Limited will help you choose the type of company you need and open it!

Latvian The company owner (founder) can be any legal entity or natural person. A foreign company can also act as the owner of a Latvian company.

When establishing a new company, founders must open a temporary account at a commercial bank in Latvia for the registered company, into which the company's share capital will be transferred after registration in the commercial register. The account should be issued as independent. Documents can be submitted to the company register on behalf of a foreign investor by authorization. The most common types of Latvian companies are SABIEDRĪBA AR IEROBEŽOTU ATBILDĪBU (SIA) and AKCIJU SABIEDRĪBA (AS). The legal address of the company must be within the territory of the Republic of Latvia. bendrovės įstatinis kapitalas po registracijos komerciniame registre, sąskaita turėtų būti išduota kaip nepriklausoma. Dokumentai įmonių registre gali būti pateikti pagal įgaliojimą užsienio investuotojui. Dažniausiai steigiamos dviejų tipų Latvijos imonės – SABIEDRIBA AR IEROBEŽOTU ATBILDIBU (SIA), bei AKCIJU SABIEDRIBA (AS). Bendrovės teisinis adresas turi būti Latvijos Respublikos teritorijoje.

SABIEDRĪBA AR IEROBEŽOTU ATBILDĪBU (SIA) - Limited Liability Company (LLC). This is a legal entity with a minimum share capital of 2,846 EUR. The share capital can be paid in cash and financial investments. Before submitting the necessary documents to the commercial register, at least 50% of the share capital must be paid. The nominal value of shares is determined in the Articles of Association, expressed in euros.

Management structure. SIA - The company is controlled by the general meeting of members and the management board, or council (if formed). The rights and obligations of the management bodies are determined by the Commercial Law and the company's Articles of Association. The company forms a council if provided for in the Articles of Association. The council can consist of one or several members, who may not be residents of Latvia. A member of the council cannot be a member of the company's management board, the company's auditor, a person who, according to a court decision, does not have the right to engage in business or other activities, or a member of the supervisory board of the sponsoring company.

Accountability - The company is obliged to organize accounting, submit monthly reports to the State Revenue Service and the State Social Insurance Agency, and value-added tax declarations (if the company has a VAT taxpayer code). Every year, SIA submits a financial report to the State Revenue Service.

AKCIJU SABIEDRIBA (AS) – This is a legal entity with a minimum paid-up capital of 35,572 EUR. Before submitting the registration application, you must pay (only in cash) at least 35,572 EUR. According to Latvian statutory acts, JSC is a taxpayer.

Organizational structure - The General Meeting of Shareholders, the Board, and the Council manage the JSC. The JSC Council should consist of at least three natural persons, with no residency restrictions. There can be one or more members of the board in the council, but a member of the board can only be a natural person.

Estijoje Two types of commercial associations are commonly used in Estonia:

Joint Stock Company (AKTSIASELTS – AS);
Limited Liability Company (OSAÜHING – OÜ).

Joint Stock Company – Commercial Association is dedicated to large business relationships with many shareholders. The capital and shares must be at least EUR 25,000 and the shares can be registered. The management structure is the board. One person can be a minimum. If more, at least half of them must be Estonian residents. The Board of Supervisors – at least 3 persons – has no restrictions on residents. The shareholder may be any natural or legal person.

Reporting and Profit Distribution: The Board of Directors keeps accounts in accordance with the Accounting Act. The annual report is approved by the general meeting. The report should be accompanied by a list of shareholders holding a nominal holding of more than 10% of the voting rights and a decision on the distribution of profits. Dividends may be paid once a year on the basis of an approved annual report.

Limited Company – A commercial association is perfect for organizing small and medium business with up to 5-10 shareholders. The minimum capital is 2500 euros. In case of purchase and sale of a share, the sales contract must be notarised.

The management structure is the board. The rights and duties of the Board are set out in the Commercial Code and the Companies Charter. The minimum number of board members is 1 person. If there is more than 1 person on the board, at least half must be Estonian.

Reporting and Profit Distribution: The Board of Directors keeps accounts in accordance with the Accounting Act. The Board convenes the Annual General Meeting of Shareholders to approve the annual report, and also decides on the distribution of profits. Payments to shareholders may be made once a year from net profit or retained earnings in the previous financial year.

The registration of companies in Poland is popular for two reasons: business investors open companies abroad to capture new markets or reduce expenses. Poland joined the EU in 2004 and is particularly suitable for both scenarios. The Polish market is the largest in Central Europe.

Advantages:

The possibility of obtaining a residence permit by starting your own company;
The possibility of obtaining long-term visas to the Schengen area;
The opportunity to integrate into a dynamically developing economy;
The ability to open accounts in banks included in the TOP 50 European banks.

Taxes:

In Poland, there are four rates of VAT:

Home: 23%;
Reduced: 8%, 5%, 0%; Reduced rates: 8% and 5% for manufacturers; tarifai taikomi gamintojams);

Income tax (CIT): 19%.

Features:

A limited liability company is the most popular form for small and medium-sized businesses;
The minimum authorized capital is PLN 5,000 (EUR 1,728), and must be fully paid for when registering in Poland;
The minimum number of directors for a company in Poland is one;
There is no restriction on registration abroad in Poland;
Annual reports on the volumes to be prepared and stored at the company’s office.

Germany is a Central European country and a member of the European Union, NATO and G8. According to the standard of human life, the country is ranked 10th in the world by the Human Social Development Index.

Advantages:

High international authority of Germany as EU member;

Nėra valiutos kontrolės;
Possibility to use the company as a holding company, non-resident companies; nerezidentės įmonės bendrovę, ;

Company Performance in Property Ownership Systems.

Legislation:

The procedure for the formation and operation of public limited liability companies is established by a special law (Aktiengesetz).

Taxes:

In Germany there are federal and local taxes. Locations, in turn, may differ from one another depending on the country in which the company operates.
Corporate tax – 15%;
Commercial fee – 15-20% (depends on land);
Income tax – from 16%;
VAT is 19%, but it is fully refunded on export, as well as in other cases.

At first glance, taxes in Germany are quite high, but the law provides for a number of benefits that could significantly reduce the tax burden.

Features:

The minimum number of directors is one (the director of the company may be a resident of the European Union);
Authorized Directors are legal entities;
There must be a local registered secretary and office;
The minimum number of shareholders is one; Legal address – must be in Germany;
The minimum capital is € 25,000. Half of the capital must be paid when the company is established;
Necessary accounting;
The necessity of preparing an annual report.

The Kingdom of the Netherlands is a country where the traditions of ancient trade and entrepreneurship are in the spirit of cosmopolitanism and tolerance. It should be noted that one of the main advantages of the Netherlands is the unique tax system that creates favorable conditions for business.

Advantages:

Possibility to use the company as a nominal holding company;
High authority of the Netherlands as an EU member;
Currency exchange control;

Legislation:

The basic act under which the company is established and operating in the Netherlands is the Commercial Code (WetboekvanKoophandel).

Taxes:

Income tax is calculated gradually:

20% profit up to EUR 200,000;
25% profit above 200,000 euros;
It is planned to reduce the rate to 24%.

Tax Fee for Income:

Dividends – 15% (irrespective of the possibility to apply reduced rates);
Interests – 0%;
Honoraries – 0%.

PVM:

The total rate is 19%, the preferential rate is 6%.

Features:

The minimum number of directors is one;
There are no directors’ residence requirements;
The minimum number of shareholders is one;
Nominated shareholders and directors are allowed;
The legal address must be in the Netherlands;
Each company must maintain existing accounting records and submit annual reports.

The Republic of Ireland is a full-fledged EU country. Therefore, Irish citizens have the automatic right to live and work in any EU country.

Taxes:

Income tax rate in Ireland for trading companies is 12.5%;
Value Added Tax (VAT) 21%.

Features:

The minimum number of directors is two;
Requirements for Resident Directors – One of the directors must be resident of Ireland;
Legal address – must be in Ireland;

Each year, the company is required to provide the tax inspectorate with the financial statements approved by the auditor (no audit is required if the turnover does not exceed EUR 250,000).

Denmark is a very advanced EU country with a standard tax system. At the same time, Danish legislation allows Danish companies to register and use zero tax rates. Such advantages are provided by companies such as K / S, which are becoming more and more popular every year.

Advantages:

Possibility to use the company as a holding company;
No currency control;

Galimybė naudoti bendrove kaip kontroliuojanciąją bendrovę;
Nėra valiutos kontrolės;

Taxes:

The standard tax rate is 25% of the company’s total profit;
Value Added Tax is 25%;
A limited liability company (K / S) is not taxed at company level in Denmark because taxpayers are dependent on the partners in the place of residence.

Features:

Accounting is a must;
The necessity of preparing an annual report.

Malta has become a member of the EU, and the latest amendments to the Tax Laws in Malta (after the agreement with the EU) have strengthened Malta’s position as an attractive jurisdiction for investors wishing to use Malta as a home base for international activities.

Advantages:

Free trade with EU countries, as Malta joined the EU in 2004;
Malta has one of the lowest effective tax levels in the EU;
Full anonymity of company owners in Malta;
Simplified procedure for obtaining VAT numbers;
Quick company registration;
Income from dividend distribution to shareholders is exempt.

Taxes:

The corporation tax in Malta is 35%. However, the Maltese company is entitled to a tax refund.

Features:

There are at least one company director, no residency requirements;
Company Secretary – at least one – natural person;
Legal address in Malta;
The company must provide an annual report as well as audit results.

Principality of Liechtenstein, form of government – Inherited constitutional monarchy. The official language is German, the currency is CHF. Liechtenstein is a fairly liberal position and a very flexible form of company law that allows the creation of various types of holding and management companies.

Liechtenstein is based on the Swiss analogue, although it is considered to be softer for foreign investors. As a result, Liechtenstein avoids the use of the term “offshore” in all its forms, although, in fact, there is a possibility to open companies under the company scheme.

Advantages:

High international Liechtenstein institution;
Possibility to register a non-taxable holding company;
No currency control;
It is not necessary to provide information about the actual owner of the company.

Authorized capital:

For “GmbH” companies, the minimum authorized capital is at least CHF 30,000;
The minimum capital of the AG companies must be at least CHF 50,000, of which 50% must be paid at the time of registration of the company;
Stiftung companies – 30,000 Swiss francs;

Features:

The company as a resident of Liechtenstein has to add accounting and audit reports and pay taxes every quarter.
The registration address and the agent must be in the territory of Liechtenstein.

Scotland is part of the United Kingdom, one of the leading financial and business centers in the world, as well as a significant jurisdiction for international tax planning.

Taxes:

If the trustees are LP – offshore jurisdictions, and the company does not receive income in the UK, LP’s corporate taxation is reduced to zero.

There must be at least two partners;
One of the partners must be appointed as general manager (or manager). Members of the partnership may be natural or legal persons from any jurisdiction;
Legal office in Scotland;
It is necessary to provide the annual return to the Enterprise Register;

The annual financial report is not required to be sent to the business register or tax office. Information about the real owner is provided only to the registered agent and is confidential. Founder Information: They are kept in the company register and are freely available.

Austria is a European country located in the center of Europe. This country is 75% in the Alps and is known worldwide for its tourism business and cultural history. Austria is known for its relatively high tax rates, but with the right company choice, this jurisdiction can be quite effective in tax planning.

Advantages:

High international prestige as an EU member;
No currency control;
Possibility to use the company as a holding company, a non-resident company;
Efficiency of companies in property ownership systems.

Taxes:

The standard tax rate is 25% of the company’s total profit;
Dividend payment is 25%. The tax may be reduced to 0% – 10% By paying dividends to a resident of Austria, agreed by Austria to avoid double taxation.

Features:

The minimum number of directors is one;
Members of the Board of Directors – 3 (one of the members of the Board of Directors may be the Executive Director);
There are no directors’ residence requirements; There must be a local registered secretary and office;
Legal address – must be in Austria;

Accounting and reporting is a must. 

Company GmbH – minimum authorized capital of at least EUR 35,000, and half of the amount should be paid at the time of the company’s registration.

AG has a minimum authorized capital of EUR 70,000 and half of the amount should be paid at the time of the company’s registration.

Each country has its own peculiarities and uniqueness – Turkey is no exception. Its geographic location, the services it provides and the abundance of goods and the tax system can diversify and expand your business.

Changes in market requirements and tightening of bank requirements dictate new business conditions and require new opportunities for its development. Our company works closely with many EU countries and other countries. We offer you company registration in Turkey as well as in cooperation with banks in this country.

In Turkey you can register:
Anomin Sirket – Joint Stock Company;
Limited Sirket – Private Limited Liability Company;
Kollektiv Sikret – Partnership with Unlimited Responsibility;
Team Sirket is a limited partnership.
Private companies and joint stock companies are usually registered.

Authorized capital:

Public Company (Anomin Sirket) – 50 000 Lir;
Limited Liability Company (Limited Sirket) – 10 000 Lir.

Income tax:

33% for private and public companies;
46% – representations of foreign companies.

Company office address registration:

This is one of the main conditions for registering companies. The office can be rented or purchased (the price depends on the location of the office).

Business Founders:

Natural persons;
Legal entities;

When buying a company in Turkey, it is necessary to employ at least one national of this country (this may be the director or other employee who will work in the office). These companies can become VAT payers and get the EORI code without much effort. This will be facilitated by the provision of export services. There are many banks in Turkey, but you need to get potential numbers to open an account. This number is provided by public authorities.

Cyprus since 2004 is an EU member. The Cypriot company allows you to enjoy all the activities of companies in the European Union or the world. At present, Cyprus is a democratic Republic with presidential power. Since 2008 Cyprus entered the Euro area.

Cyprus is known for its excellent and favorable conditions for human health: a combination of sun days – 320 days a year, sea and mountain air – all creates a comfortable environment for life and business.

Advantages of Cyprus companies:

Developed banking infrastructure (Cypriot banking system is very close to British model);
Preferential tax system;
Dividends and taxes are often exempt;
Arrangements for avoiding double taxation with more than 40 countries.

Taxes:

From 2013 Cyprus’s corporate tax rate is 12.5% (up to 2013: 10%) of the company’s profits. This is one of the lowest income tax rates in the EU.

2011 The Companies Act was amended to require Cypriot companies to pay an annual fee of € 350.

The dividend payment is free in Cyprus. In addition, there is no tax on interest income and dividends paid to non-residents of Cyprus, except where this is governed by a double taxation treaty.

Company Requirements:

Shareholders – at least one – may be a natural person and a legal entity of any place of registration;
Directors – at least one – can be both a natural and a legal person (resident – any);
Requires a secretary, may be a natural or legal person (for practical reasons, it is better for a Cypriot resident);
Shares must be registered only at par value;

Features:

Information about directors, shareholders and secretary is open in the State Register, information on shareholders (managers) is closed. The nominal service is designed and widely used;
No minimum authorized capital is required;
The business address must be in Cyprus;
Companies registered in Cyprus provide audit and financial reports;

When the nominal shareholders are used in the Cypriot company structure, the company’s beneficiary’s rights are confirmed by the Deed of Trust. This is a document that is signed by a nominal shareholder, which determines the conditions under which the beneficial owner benefits from the shares.

Standard Company Set:

Registration document;
Company legal address certificate;
Company Shareholders Certificate;
Certificate of Appointment of the Director / Secretary of the Company;
Company Opening Agreement and Articles of Association;
Empowerment;
Company stamp;

From an operational perspective, Cypriot companies can be classified as holding companies, trading companies, professional stock market participants, licensed, investment, leasing companies, real estate owners and others.

United Kingdom – reliability, security, stability and high revenue. The UK is one of the most important international tax planning jurisdictions.

Britain has standard taxation, but the law allows companies to register and use zero tax rates.

UK registered companies mostly use the image to improve the image of companies so that they can enter the financial markets of the richest countries in the future. Great Britain is prestigious!

The most popular types of companies are:

LTD – Limited Liability Company;
LLP – limited liability partnership.

Limited Liability Company – has the following characteristics:

At least one director must be a private person;
Minimum authorized capital: 2 pounds;
The names of directors and founders are in the public register. In practice, however, nominal services are often used;
VAT number (optional): In order to register this number, you need an office in UK and local bank accounts;
The Company must submit an annual financial report;

Limited Liability Partnership – main characteristics:

Requires at least 2 partners (two partners from any country);
LLP does not have share capital in its structure; partner investment funds are used (the size of the investment is determined by the partners themselves);
Income transferred to foreign partners is not subject to corporate tax (UK);
Presentation of the tax report takes place once a year (even if the company does not pay income tax);
If a company only carries out commercial activities outside the UK, the VAT number is not available.

Bulgarija

Located in Eastern Europe, the Republic of Bulgaria occupies the east of the Balkan Peninsula and shares borders with Greece, Turkey, Serbia, Romania and Macedonia. The capital is Sofia. Large industrial centers of the country: Varna, Plovdiv, Ruse, Burgas, Shumen, Sliven and others. The official currency of Bulgaria is the Lev (BGN).

Types of companies used for international business and investment:

• OOD (Limited Liability Company)
• EOOD (Private Limited Liability Company)

To open a company in Bulgaria, you must fulfill the following requirements:

• The minimum number of Shareholders is one (natural or legal person). The minimum number of Directors is one (individual). There are no residency requirements for shareholders and directors
• It is obligatory to have a legal address in Bulgaria;
• LLC is registered with a minimum minimum share capital of 2 levs (about 1.2 EUR). When registering, you must pay at least 70% of the authorized capital.

Taxation, reporting and audit.

• Corporate income tax – 10%.
• Tax on dividends received from abroad – 0-10%.
• Tax on dividends paid abroad – 0-5%.

VAT

The VAT rate in Bulgaria is 20%.

Compulsory registration under VAT for companies with a turnover of more than 50,000 levs. Compulsory VAT registration for companies doing business abroad in Bulgaria.

Submission of financial statements.

Annual reports and financial statements must be filed with the tax office. Profit tax reports are submitted annually. VAT reports are submitted monthly. ©

Audit

 An audit is required if any of the following is true:

• The company has properties with a total value of 1.5 million leva
• The company has received trading income of over 2.5 million leva for the given financial year

The company employs an average of 50 or more employees in the current fiscal year

Czech Republic

The Czech Republic is a Central European country. It borders Poland to the north, Germany to the west, Austria to the south, and Slovakia to the east. The capital, Prague, is the largest city in the country and the main tourism center. Since 1999, the Czech Republic has been a member of NATO, and since 2004, a member of the EU. The official language is Czech. The national currency of the Czech Republic is the Czech Crown.

Registering a company in the Czech Republic is an excellent way to obtain permission to reside temporarily in the future, purchase a car, or obtain a mortgage.

Currently, the most popular types of companies in the Czech Republic are AS (akciová společnost) and SRO (společnost s ručením omezeným) companies.

• „SRO“ (společnost s ručením omezeným), limited liability company;
• “AS” (akciová společnost), joint-stock company.

When registering a company in the Czech Republic, the prospective founder must perform the following actions:

• Check the future company name;
• Obtain a police clearance certificate and translate it into Czech;
• Obtain an initial registered office address for the company (for 1 year);
• Open a bank account;
• Prepare the necessary incorporation documents;
• Pay state fees;
• Notarize the company's Articles of Association;
• Register the company in the Commercial Court and the Ministry of Finance;
• Create the company seal.

Providing the initial registration address for the company for a period of not less than 1 year is one of the most important steps when preparing the company registration documents package in the Czech Republic. This allows for receiving correspondence from state institutions and financial institutions.

Accounting in the Czech Republic.

• Financial reports must be submitted once a year, by March 31 of the following year (there is an option to postpone the submission of reports until June 30).
• VAT payers must submit monthly reports.

Taxes in the Czech Republic

Corporate Income Tax: 19% for legal entities, 15% for individuals.

VAT: 15-21% depending on the company's activities.

Characteristics of Singaporean companies with limited liability (limited).

• Company with 100% foreign capital investment in Singapore;
• Minimum registered capital: 1 Singapore dollar (without specifying the nominal value of shares).
• Requirements for company formation: 1 shareholder and 1 director who must be a Singapore resident (i.e., a nominal service).
• For private companies, a tax rate of 4.25% is applied to the first S$100,000 of chargeable income, and half of the standard rate is applied to the next S$200,000 of income.
• The standard tax rate of 17% applies to profits exceeding S$300,000 per year. 
• Possibility to obtain exemption from mandatory audit (subject to several conditions); otherwise, audit is mandatory. 
•  Territorial taxation principle: if the company's management is outside Singapore, profits from foreign sources are not taxed in Singapore if they are not remitted to Singapore.
•   The company must have a registered address and a resident secretary living in Singapore (nominal service).
    

Kingdom of Bahrain in the Middle East region is rapidly developing in various business sectors, especially in the oil industry, expanding the banking sector, and so on. In order to attract investors, the government promotes the economy, trade, and financial sectors, emphasizing low tax rates and the opportunity to establish offshore businesses.

Management Structure

The most common form is W.L.L. "with limited liability." It requires 2 shareholders for incorporation. 100% foreign capital is allowed, and the director can be a foreigner. The company owner cannot serve as a director. There are certain requirements if the company has more than 10 shareholders.

Company registration

The first step is to obtain commercial registration or CR. The following information must be provided: name, surname, nationality, contact details, passport information, type of activity, and address. If necessary, the Ministry of Industry, Commerce, and Tourism may require additional specific information.

Registered Capital

The law sets a minimum capital requirement of 10,000 dinars. The entire capital must be divided into equal shares, with a minimum value of 50 dinars each. The law prohibits the division of shares and their issuance for public trading. To register a company, all shares must be paid up and distributed among the shareholders.

Other Requirements for Opening a Company in Bahrain

 The law requires offshore companies to:

 1. Have an official office in Bahrain.

 2. Conduct commercial activities outside the country. 

3. The company name must end with the abbreviation "W.L.L.," meaning "with limited liability."

Finance and Audit

All companies, regardless of their business nature, must regularly submit financial reports to government agencies. Mandatory audit requirements also apply to these reports.

Key Taxes

Companies registered in Bahrain are not subject to income tax, capital gains tax, VAT, stamp duty, etc., if they conduct business outside the country.

Types of Companies in Dubai. 

Companies operating in the country's domestic market ("mainland");

Free Zone Companies (FZCO)
International Offshore Companies (International Business Company).

Only a "local" company can operate in the UAE territory:

("Mainland" company)

The peculiarity of local business is registration in the mainland part of the country, outside the Free Zone boundaries. Such a company can rent an office and operate in all Emirates, as well as in any country around the Persian Gulf. In 2019, Arab laws allowed foreigners to own 100% of local company capital under 120 business activity names. That is, entrepreneurs operating in certain sectors are no longer required to collaborate with UAE nationals. To comply with the laws, it is sufficient to work with a local agent who formally represents the company's interests before the state and performs only administrative functions.

Requirements:

1. Registration and document preparation. 

2. License selection according to the business.

3. Obtaining a tourist visa with subsequent conversion to a residence visa.

4. Opening a bank account. 

5. Continuous maintenance of the company's business requirements system, including VAT, accounting, etc.

Minimum service completion period is 30 days.

COMPANY REGISTRATION IN KAZAKHSTAN

Under authorization, we will prepare company registration documents for Kazakhstani state institutions and assist in opening an account at one of the Republic of Kazakhstan's banks. You will need to provide the company name and describe the company's activities. Additionally, documents (passports) of the shareholder(s) and director must be translated into Russian, notarized, and apostilled. If the shareholder and director are the same person, everything can be done in Kazakhstan.

If necessary, we will also provide an additional registered office address for the company.

Our service includes:

• Reservation of your chosen company name;
• Preparation of all company formation documents, completion of forms, etc.;
•  Accompanying person at notary offices and Kazakhstani state institutions, as well as the bank; 
• Ordering and making a company seal;
• Assistance in opening a bank account.

The director must obtain a C5 visa for Kazakhstan and come to Kazakhstan for 5-7 days to open the company's account and obtain company registration documents.

The deadline for registering a company in the state registers of the Republic of Kazakhstan is up to 10 days from the date of receipt of all documents.

 The account opening conditions are approximately 14 days. 

Additional information:

A legal address for the company is required and can be virtual. If the company becomes a VAT payer, office rental and at least 1 workplace are required; If the company will deal with VAT (the conditions for obtaining VAT are certain types of activities and annual turnover), you must decide in advance on the types of company activities; Whether simplified accounting will be used depends on the company's work. Financial statements are submitted quarterly and annually.

Opening a bank account for an operating non-resident company in Kazakhstan. 

Our company offers assistance in opening a bank account in the territory of the Republic of Kazakhstan. To open an account at one of the banks in the Republic of Kazakhstan, you must register with the tax inspection of this country and obtain the necessary documents. With an account in Kazakhstan, you will be able to transfer funds to your partners in various currencies: Russian rubles, euros, US dollars. Money transfers from Belarusian banks are also not restricted. The advantage of working in this country is that you have tax obligations only if you conduct commercial activities within the territory of the Republic of Kazakhstan. Obtaining the IIN (individual identification number of the company's director in KZ), BIN (company taxpayer code in KZ) in state institutions, as well as the procedure for opening a bank account (internet banking service) remotely is not possible. It is necessary to come to the country for several days to obtain the director's taxpayer code and identify yourself at the bank. The deadlines for receiving services depend on the submission of all necessary document formats (company document package with translation and apostille, other documents as required). The entire procedure usually takes up to 3 months.

All company documents must be legalized/apostilled with a notarized and translated into Russian. The list of documents may vary depending on the bank's requirements. Bank fees are charged separately. If you are interested in our offer, please contact us, we are ready to discuss all the conditions with you.