One of the key trends in modern international law is the tightening of requirements for business transparency and the tax side of the relationship between states and entrepreneurs. More and more jurisdictions require registered companies to be physically present in the country rather than appearing only on paper. The presence of a real office, a local bank account and other signs of presence is called the English-language term substance.
Such a requirement, put forward by the authorities of the jurisdiction, means that just a set of constituent documents is not enough. The company must have movements of funds in the current accounts, employees who are not just listed on the company, but actually work in the country of registration. Organization of company presence requires costs, but they quickly pay off. First of all, thanks to the opportunity to minimize taxes. In fact, proven activity is an opportunity to use optimization methods without violating the law.
Substance allows the company not to cross the line between fiscal planning and budget evasion. In tax disputes, trials, confirmation of actual presence will be the key proof of the correctness of the defendant company. In addition, active work in a prestigious country of incorporation improves the reputation of the company, increases the confidence of partners and clients. Substance of the company becomes much more popular than “paper” registration.
Organization of company presence from “What-is-LLC
What-is-LLC ” specialists will organize the presence of your business from scratch and help fill the existing gaps. We provide documentary support, full and qualified consultations, answer your questions in detail. As part of organizing your company we will help:
- register a business and find an office;
- purchase furniture, office equipment, set up engineering, telephone and Internet access;
- select local directors, secretarial staff and, if necessary, other employees;
- open bank accounts in the jurisdiction of registration;
- set up document management, organize storage of reporting forms, accounting registers, and so on.
What-is-LLC support means guarantees of legality, prompt answers to your questions, and individual solutions. We can take care of bureaucratic routine, matters of registration and paperwork, help to conclude contracts on premises lease. With us you can carry out effective tax planning and business optimization.
