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  • Accounting and bookkeepingDatum27.02.2024 14:06
    Thema von TimothyHughes im Forum Dies ist ein Forum in...

    Confidus Solutions has years of experience in assisting and consulting international clients in order to constitute and run global companies smoothly. One of our main offers is providing international accountancy services through local financial advisors for new and existing companies.

    We offer a wide range of accounting services to ensure the timely preparation of your company’s tax reports, either on an annual or monthly basis - depending on your requirements. We will take care of everything, starting from tax planning and counselling to drafting reports for submission at the offices of local tax authorities. Our auditing services will make sure that your company is compliant with all requirements, standards and legal regulations of the chosen jurisdiction.

    Confidus Solutions can offer their clients virtual accounting services for any European country. Every jurisdiction has its own accounting rules, time periods and deadlines for submitting accounting reports and tax returns that may vary depending on local regulations. Our team will contact you timely in order to ask you to present the documents required. Our accountants shall take care of payroll management issues and provide professional advice on accounting, taxation and worldwide

    If you are looking for a detailed consultation in bookkeeping, please open one of the pages below:

    Annual financial statements;
    Bookkeeping & statements for offshore companies;
    VAT and VAT reports;
    Audit.

    Accounting services
    Confidus expert accountants and lawyers will be happy to offer you the following services:

    Preparation and submission of financial accounts and reports;
    Payroll accounting;
    Drafting annual reports;
    Drafting and bookkeeping all internal accounting documents;
    Communication with local tax offices, if required;
    Corporate account management;
    Legal advice and bookkeeping assistance during audit;
    Revision, improvement and modernization of internal bookkeeping system.
    Choosing Confidus Solutions as your professional accountant will also provide you with the following benefits:

    Cost reductions - We can help you get rid of unnecessary expenses and consolidate transactions and accounts;
    Efficiency and productivity lift - Our services shall give you broader vista for productivity and time to achieve your essential business goals;
    Quality accuracy and fast turnaround time - We adhere to high efficiency rate. We ensure that the highest possible quality of work is carried out;
    Clearness and data security - We draft and submit ongoing reports systematically. Rest assured your data are safe and secure with our professionals.business operations. We can also conduct financial auditing and provide different administrative service, if required.

  • Due diligence servicesDatum04.08.2023 17:46
    Thema von TimothyHughes im Forum Dies ist ein Forum in...

    Due diligence is an investigation of a company that is usually used before concluding an agreement or starting new business co-operation. Due diligence involves a check of good standing of the company, evaluation of planned earnings and cash flows assessing quality of assets, identifying business risks, highlighting any unexpected issues that might affect execution of agreement, identifying hidden costs, commitments and contingencies, verifying and estimating potential tax exposures and other checks based on case-to-case basis. Due diligence helps to evaluate the fact whether you can trust your business partner through reliability check of new or current business partner in the result providing higher level of security.

    Certificate of good standing
    Certificate of good standing is a public document issued by a competent state authority, approving that the company actually exists and at the moment of the check is in full legal compliance with all state requirements, including corporate and tax legislation, as well as filing annual reports and paying taxes. Above-mentioned certificate is issued if the company has paid all its statutory dues, has met all filing requirements and, therefore, is legally authorized to enter into transactions and run business on the territory of this jurisdiction.

    Certificate of good standing, also sometimes called certificate of commonwealth, serves as a proof that all tax liabilities have been met in order to obtain financing, sell company’s business, renew licenses or enter into other business transactions. Such certificate generally might be requested by governmental institution, if you're applying for foreign qualification, private persons when considering granting a loan, banks for certain transactions, potential business partners as well as investors and partners. A good standing certificate is needed for expansion, financing and realization of business transactions.

    Acquisition of the certificate of good standing
    Certificate of good standing can be issued upon request. This procedure slightly differs in each jurisdiction: in European Union the certificate will be issued by Central register and it usually takes a few days. In other countries, such as the United States and offshore jurisdictions, where such certificates are issued by Company Secretary, it would take up to few weeks. In addition, it might be required to attach apostille, which will take few extra days to acquire

  • Incorporating a company in Brazil Datum17.04.2023 13:09
    Thema von TimothyHughes im Forum Dies ist ein Forum in...

    Brazil is not only the largest country in both Latin America and South America, it is also the fifth largest country by area and sixth largest by population in the world. Brazil is also the ninth largest economy in the world in terms of nominal GDP (as of 2016). By 2010, Brazil was considered one of the fastest growing major economies in the world and gained new international influence and recognition due to its economic reforms. Its diversified economy includes industry, agriculture and various services.

    Brazilian economy
    Industry, including steel and petrochemicals, automobiles, computers, and aircraft and consumer durables, accounted for 30.8% of GDP and is heavily concentrated in Rio de Janeiro, São Paulo, Porto Alegre, Campinas and Belo Horizonte. Tourism is a growing sector in Brazil and a key industry for several regions. The most popular tourism product is natural areas for ecotourism combined with leisure and recreation. Brazil is also one of the largest producers of coffee, oranges, sugar cane, as well as soybeans and papaya.

    Surely such a country attracts foreign entrepreneurs to expand their businesses in the local market or they might even choose to start a business in Brazil as a base to reach all of Latin America. If you too have decided to start your business in Brazil, there are a few things to discuss and consider so that your business is successful from day one.

    Doing business in Brazil
    The business environment in Brazil has its own set of rules and peculiarities linked to the culture and history of Brazil. In case you don't have a good knowledge of Brazilian customs or a local agent to guide you through them, you can consider incorporating your company in São Paulo as it is the most internationally oriented city in Brazil and the business there usually in more ' western than in other cities. The further north you go in Brazil, the more conservative the business mentality becomes.

    In general, a large part of the Brazilian economy is made up of family businesses, which are more patriarchal and formally organized than Western companies. A decent family background is an important factor when evaluating a potential business partner. Brazilian companies are organized vertically and all business matters are discussed and decided by superiors. Good manners and dress code are a must, you should show an intellectual interest in Brazilian music, literature and history. If you want to be taken seriously in Brazil, don't try to skimp on a cheap hotel - opt for a first-class hotel and receive your business partners in style.

    Business meetings
    Before doing business in Brazil, it is very important to establish good personal relationships. Brazilians do not go straight to business, they first want to get to know you better personally. Therefore it helps if you are introduced by a mutual acquaintance or someone respected by your business partner. The same as your Brazilian counterparts will want to get to know you better, you are also expected to show genuine interest in them. Due to the personal relationship in business, it will take some time to rebuild the cooperation if a local sales representative or other personnel is replaced.

    Often, business meetings start later than planned and take longer than expected – you should keep this in mind if several meetings are planned for one day. You should arrange a business meeting around two weeks in advance and confirm it two days before the meeting. It is highly inappropriate to visit a company without an appointment.

    Other tips when incorporating a company in Brazil:

    If you want to succeed in Brazil, you will have to learn Portuguese;
    Never offer bribes to get around the bureaucracy – foreign entrepreneurs in Brazil are being watched closely;
    Consider hiring a local agent to deal with all the bureaucratic hurdles;
    It takes a relatively long time to achieve something in Brazil – be patient and adjust your plans and budgets accordingly;
    Look straight in your business partner's eyes, otherwise it might be interpreted that you are hiding something.

  • Company formation by requirementDatum23.01.2023 14:04
    Thema von TimothyHughes im Forum Dies ist ein Forum in...

    Before incorporating a company, or even choosing a jurisdiction, you need to plan a corporate structure for your business, and, based on this, decide the purpose of the company you wish to incorporate. There are a few criteria, you may be looking for in a jurisdiction for your company, based on your goals:

    confidentiality protection;
    low maintenance cost;
    low-tax regime;
    prestigious location

  • Company formation in DjiboutiDatum09.12.2022 08:49
    Thema von TimothyHughes im Forum Dies ist ein Forum in...

    The development of telecommunications and economic globalization have made it possible for interested investors to set up companies all over the world. With proper research, financial investment and legal backing, business ventures can be safely incorporated in almost any country in the world. Building an international business used to be a complicated entrepreneurial venture, but today it is commonplace with the help of experienced legal and business advisors.

    The advantages of founding a company abroad are as numerous as they are obvious. Many countries offer specific locational advantages, ranging from natural resources and well-established infrastructure to beneficial laws and regulations that encourage growth in a particular industry. Likewise, it can be difficult to start a business or an acquisition in your own country due to adverse situations: political or regulatory environment, lack of resources and more. In this situation, it makes sense to consider an overseas option that offers greater opportunities for growth, development, and success.

    Company registration in Djibouti
    When starting a business in Djibouti, an interested investor must conduct due diligence on legal procedures, international regulations and sufficient investment for success. It is crucial to understand cultural, social and political factors that influence starting and growing one's business. Failure to do so may result in unintended consequences. Poorly researched and toneless international launches often end in disaster as time, money and energy is wasted due to poor planning.

    Legal Documents
    Every country in the world presents its own intricate challenges when it comes to starting, developing and maintaining a business. Owners, financiers and investors must make these commitments with the support of a knowledgeable and experienced legal team. Only someone with in-depth knowledge of local and international corporate law will be able to set up an overseas business while avoiding the pitfalls that plague many new businesses.

    Additionally, smart business people can consider ways to invest in foreign companies without actually starting their own businesses. In these situations, it is still beneficial for the investor to partner with a knowledgeable global economics and litigation advisor. International investments create a truly diverse portfolio that offers growth opportunities that were unthinkable decades ago.

    Potential investors, venture capitalists and entrepreneurs should consider the existing infrastructure in Djibouti when planning to start a new business. While extensive infrastructure and systems can help make the process of starting a business a smooth one, it could also represent market saturation and reduced growth potential. On the other hand, a lack of infrastructure is often a major obstacle to growth; However, the lack of infrastructure points to a clear market opening for a creative and efficient new business.

    Bank account opening in Djibouti
    In connection with the formation of a company, it is necessary to open one or more bank accounts in Djibouti. Confidus Solutions offers the ability to open a bank account in over twenty jurisdictions, making it easy for you to avoid challenging language barriers or bureaucratic hassles.

    Virtual office in Djibouti
    Since a registered address is a necessity for international business, Confidus Solutions enables foreign investors to set up a virtual office in Djibouti. This address allows international entrepreneurs to accept mail, arrange for shipping and set up a registered bank account in their country of business.

    Tax regulations
    If you are in the process of researching a business formation in Djibouti, consult a lawyer or consultant with extensive experience in the field you are considering. This advisor can help you with everything from laws and tax structures to local helpers. You need to consider every aspect from the local office to your highest organizational structure; Make sure you recruit the best possible mentors as you embark on this exciting but challenging process.

  • Benefits of nominee servicesDatum18.10.2022 13:27
    Thema von TimothyHughes im Forum Dies ist ein Forum in...

    The benefits of using nominee services are evident in cases where a business owner wishes to maintain their privacy and reduce access to official records or does not want their name to be associated with the business in question. In addition, there may be situations where an individual has restrictions on performing the proposed activity or where the law requires local management, such as a local secretary in Hong Kong.

    When quick action is required to register a company abroad in the event the client is unable to travel, it is often more convenient to temporarily appoint a local company director. When intending to open a business in a foreign jurisdiction such as BVI, Belize or Hong Kong, it can be physically difficult to appear in person.

    Nominee services usually guarantee confidentiality and anonymity. However, disclosure is sometimes made to banks or investigative authorities during court proceedings.

    The nominee services are often used for tax planning and wealth protection purposes. If the ultimate beneficiary of the full corporate structure resides in low-tax jurisdictions, it should enjoy the benefits of the low-tax regime for the dividends received from the profits generated.

    Other benefits derive from the country of registration and are often related to financial statements and reports. In some tax haven jurisdictions there is no need for annual filing, hence low auditing and accounting requirements which offer certain advantages if the individual is willing to increase privacy and confidentiality and hide their assets.

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