Saturday, May 29, 2010
So exactly what is NUF?
NUF is a type of business entity in Norway that is similar to an LLC, only it doesn't carry the same requirements such a minimum equity of NOK 100,000. In short, NUF is a Norwegian Registered Foreign Company, and an excellent way to take advantage of the benefits of being registered as a business entity in Norway.
Saturday, January 16, 2010
Contributing to this are two core factors. First, is a lack of ability to get funds. To start most businesses, you need plenty of start up capital. But with recent changes in the loan industry, entrepreneurs are finding it harder to get money.
The second factor is that with a down economy, people are less likely to ditch a steady paycheck in favor of "living the dream". Let's face it, if you have a family with young children, it's virtually impossible to take the risk of starting a new business venture.
A specialist family business consultancy is expanding into the Mediterranean.
Family Business Solutions, which has its head office in Glasgow, is opening a joint venture with Maltese firm 2M.
They believe there is a gap in the market to provide services tailored to family-owned companies in different countries.
They have already set up a training programme designed to help create structures to pass wealth from one generation to the next.
The project, named FBS2M, will be formally launched at the Malta Family Business Conference at the end of this month.
Panlegis can't stress enough, the positive economic impact that Malta has had. With such a tight economy, business are looking for every way possible to save money and utilize any tax benefit they can find.
The first of such advantages is that Malta allows online gaming. In fact, it is one of Europe's leading jurisdictions for online gaming, and it is highly regulated.
Other advantages of being a Malta Corporation are...
-Enjoy a lower corporate tax rate (possibly as low as 5% of profit!)
-A stable political and financial system
-Good banking structure
-Company law based on UK company law and EU directives
-Malta adopted the Euro in 2008
There are many more advantages to becoming a Malta based corporation, which explains why more and more companies are using off shore registrars such as Panlegis to form their company in Malta.
Wednesday, December 23, 2009
While many individuals know exactly what services and goods they are going to sell, they're not clear as to what they are legally required to do.
Some of the issues and tasks at hand might be...
- What type of entity should they form?
- How do they become a corporation?
- What tax filings are they required to make?
- Where can they find someone to handle their accounting?
- What is required in order for them to obtain a trademark, and how do they do so?