|
The country of
Numari
follows the common law principles as developed in the English Legal system. It has a well-established corporate structure and a modern telecommunication system, allowing new business and those dependent on high-speed networks to efficiently operate in the country at a very low cost.
Summary of business opportunities available in
Numari:
International Business Corporation (IBC)
| License fee (annual) |
US$230 |
| Formation/Incorporation fee |
US$750 |
|
Annual Returns filing fee |
Not applicable |
|
Minimum requirements and/or size |
Not applicable |
|
Shareholders/Members |
One (minimum) |
|
Directors/Managers |
One (minimum) |
|
Bearer shares for overseas/local investors |
Allowed |
|
Submission of annual returns and accounts |
Not required |
|
Corporate Directors/Managers |
Permitted |
|
Company Secretary |
Permitted but not required |
|
Local Directors and meetings |
Not required |
Public Limited Company
| License fee (annual) |
US$335-500 |
| Formation/Incorporation fee |
US$280 |
| Annual Returns filing fee |
Required |
| Minimum requirements and/or size |
US$50,000 |
| Shareholders/Members |
One (minimum) |
| Directors/Managers |
One (minimum) |
| Bearer shares for overseas/local investors |
N/A |
| Submission of annual returns and accounts |
Required |
| Corporate Directors/Managers |
N/A |
| Company Secretary |
Required |
| Local Directors and meetings |
N/A |
Limited Liability Companies (LLC)
| License fee (annual) |
US$250 |
| Formation/Incorporation fee |
US$250 |
| Annual Returns filing fee |
Not required |
| Minimum requirements and/or size |
N/A |
| Shareholders/Members |
One (minimum) |
| Directors/Managers |
One (minimum) |
| Bearer shares for overseas/local investors |
N/A |
| Submission of annual returns and accounts |
Not required |
| Corporate Directors/Managers |
N/A |
| Company Secretary |
Not required |
| Local Directors and meetings |
N/A |
Limited Partnerships
| License fee (annual) |
US$250 |
| Formation/Incorporation fee |
US$ 250 |
| Annual Returns filing fee |
Not required |
| Minimum requirements and/or size |
N/A |
| Shareholders/Members |
One (minimum) |
| Directors/Managers |
One (minimum) |
| Bearer shares for overseas/local investors |
N/A |
| Submission of annual returns and accounts |
Not required |
| Corporate Directors/Managers |
N/A |
| Company Secretary |
Not required |
| Local Directors and meetings |
One local partner (minimum) |
More
information
about Numari
| Currency |
European Currencies or US Dollars |
| Taxation |
|
| Income Tax |
NONE |
| Resident
Tax |
NONE |
| Capital
Gains Tax |
NONE |
| Corporation
Tax |
NONE |
| VAT |
NONE |
| Withholding
Tax |
NONE |
| Domicile |
Governed by UK common law |
| Residency |
Permanent residency certificate issued to foreigners owning homes in
Numari, helping them avoid immigration and customs hassles when returning to
Numari |
| Work Permit |
YES – required under the Immigration and Passport Ordinance |
Incentives and Restrictions
There may not be many monetary or physical incentives in
Numari apart from the zero tax and the legislative protection against future imposition of any tax in the country. There are no restrictions on the import or export of foreign currencies, exchanges or purchase or sale using any currency. Foreign currency exchanges through banks attract a minimal tax of 2%, whereas the same is not applicable outside the banks.
Banks in Numari
are very strict where large amounts are being deposited or transacted by their clients. Evidence of the source of such funding must be produced to satisfy the investigation. Money laundering is discouraged in
Numari by all financial institutions and professional advisers.
|
...