People in Argentina speak the Spanish language. The linguistic diversity of Argentina is vaguely diverse according to a fractionalization scale which for Argentina is 0.0618. The followers of Christianity are the religious majority in the country. 92.5% of Argentina's population live in cities. This percentage comprises the urban population of Argentina. The rate of urbanization in Argentina is considered to be 1.2. According to data on inbound tourists in Argentina, 5,571,000 tourists arrive in the country each year.
National anthem The national anthem of Argentina is called 'Himno Nacional Argentino', which in English means 'Argentine National Anthem'. It was adopted in 1813. The lyrics have been written by Vicente López y Planes and the music has been composed by Blas Parera.
Fast food The first McDonalds in Argentina was opened on 24 November 1986, and it was located in Belgrano, Buenos Aires. At the moment Argentina has 209 operating McDonalds restaurants. The number of operating McDonalds restaurants in a country is indicative of the influence of Western culture and globalization in that country. Operating McDonalds restaurants could also have a direct impact on the health of a nation's citizens. Around 30% of the population of Argentina are obese.
Alcohol consumption Each year, the people of Argentina consume 1 litre of alcohol per capita, and this volume consists of 40.7% beer, 48% wine, 5.5% distilled spirits, 5.8% other alcohol.
National dish One of the most popular national dishes of Argentina is asado. Other national dishes include empanada.
People in United States speak the English language. The linguistic diversity of United States is rather diverse according to a fractionalization scale which for United States is 0.5647. The followers of Christianity are the religious majority in the country. 82.4% of United States's population live in cities. This percentage comprises the urban population of United States. The rate of urbanization in United States is considered to be 1.3. According to data on inbound tourists in United States, 69,768,000 tourists arrive in the country each year.
National anthem The national anthem of United States is called 'The Star-Spangled Banner'. It was adopted in 1931. The lyrics have been written by Francis Scott Key and the music has been composed by John Stafford Smith.
Fast food The first McDonalds in United States was opened on 15 May 1940, and it was located in San Bernardino, California. At the moment United States has 14267 operating McDonalds restaurants. The number of operating McDonalds restaurants in a country is indicative of the influence of Western culture and globalization in that country. Operating McDonalds restaurants could also have a direct impact on the health of a nation's citizens. Around 33% of the population of United States are obese.
Alcohol consumption Each year, the people of United States consume 0.5 litre of alcohol per capita, and this volume consists of 50% beer, 17.3% wine, 32.7% distilled spirits, 0% other alcohol.
National dish One of the most popular national dishes of United States is hamburger. Other national dishes include hot dog, fried chicken, buffalo wings, apple pie.
People in Angola speak the Portuguese language. The linguistic diversity of Angola is very diverse according to a fractionalization scale which for Angola is 0.787. The followers of Christianity are the religious majority in the country. 59.2% of Angola's population live in cities. This percentage comprises the urban population of Angola. The rate of urbanization in Angola is considered to be 4.4. According to data on inbound tourists in Angola, 650,000 tourists arrive in the country each year.
National anthem The national anthem of Angola is called 'Angola Avante', which in English means 'Forward Angola'. It was adopted in 1975. The lyrics have been written by Manuel Rui Alves Monteiro and the music has been composed by Rui Alberto Vieira Dias Mingas.
Fast food Around 6% of the population of Angola are obese.
Alcohol consumption Each year, the people of Angola consume 1.6 litre of alcohol per capita, and this volume consists of 64.3% beer, 13.6% wine, 17.4% distilled spirits, 4.7% other alcohol.
National dish One of the most popular national dishes of Angola is moamba de galinha.
In general, all jurisdictions can be divided into classic offshore, low-tax jurisdictions and prestigious jurisdictions. A jurisdiction’s prestige is equivalent to its ranking, determined by taking into account and evaluating information from the International Sanctions List, the OECD Grey- or Blacklist and the EU Jurisdiction White List, and data regarding the development of financial markets, and establishing whether the jurisdiction is FATF AML deficient and whether it poses any money-laundering concerns. These are the basic criteria that matter when determining whether the jurisdiction is prestigious or not. It cannot be viewed as prestigious if it appears on any financial blacklist.
Austria, France, the United Kingdom, the United States of America and Switzerland are among the five most prestigious jurisdictions for incorporating a company.
A general overview of Austria The registration of a company or start-up in this jurisdiction allows the owner(s) to participate in all projects initiated by the Austrian government. The basic company types available are LLC, ULP, PJSC, PLLC, LLP and JSC.
Taxes: the income tax rate is 25%, while corporate tax of at least EUR 500 must be paid, with 20% VAT and a capital tax that varies from 0.8% to 1%. If the subsidiary is registered within the EU, the tax rate on income from dividends is 0%; if not, it’s 25%.
Austria has agreements with more than 90 countries allowing companies to avoid double taxation. It has no foreign exchange control. This jurisdiction ensures the confidentiality of business data.
A general overview of France France is a respectable jurisdiction that will allow your company to provide products and services carrying the mark of a European company. The basic legal structures available are SP, GP, PJSC, PJSC, LLC, CLS and LLPE.
France offers a number of opportunities: the possibility of obtaining loans from French banks, the chance to obtain a residence permit, no taxation for companies registered in the country that conduct business outside France and no foreign exchange control. France has agreements with more than 89 other countries allowing companies to avoid double taxation.
A general overview of the United Kingdom The United Kingdom is considered to be a respectable jurisdiction because of its high levels of rights protection, a simple and transparent tax system, the opportunity it offers to offset VAT and the availability of nominee services.
The basic company types available in the UK are PC, company with liability limited by guarantee, ULC and LLC. Again, there are no tax obligations for companies registered in the UK that do business exclusively outside the country. Corporate tax rates depend on profits (ranging from 20% to 24%). The UK has agreements with more than 100 countries allowing companies to avoid double taxation.
A general overview of the United States of America The USA offers a respectable, highly trustworthy jurisdiction for registering a company, allowing it to provide products and services carrying the mark of a USA company. This jurisdiction imposes no tax liabilities for those companies referred to as non-resident and it also allows nominee services. There is no taxation for companies registered in the country that conduct all of their business outside the USA.
The basic legal structures available are private entrepreneur, corp., branch of a foreign company, representative office of a foreign company, partnership, LLC, joint venture or LLJSC.
A general overview of Switzerland This jurisdiction’s good reputation stems from several factors, such as strong business development, a dynamic economy and a track record of innovation. The main company types available in Switzerland are LLC, ULP, JSC, commandite partnership and subsidiary.
Switzerland offers high levels of confidentiality, the world’s reserve currency, mechanisms to avoid double taxation, a reasonable tax system with tax rates depending on residence, the company’s level of income and legal form, tax optimisation opportunities and the possibility of setting up service enterprises which can be utilised for managing the parent company’s business operations and can serve as the overseas offices of international companies.
The limited liability company (LLC) is the most common legal form for companies in Germany. This legal form is often used by international companies that have decided to set up a subsidiary in Germany; Local entrepreneurs also choose this legal form for their small and medium-sized enterprises. It combines relatively few obligations with a high degree of flexibility that can be established in any economic sector. The limited liability company is subject to corporation tax, trade tax and the solidarity surcharge. The minimum share capital for LLC is 25,000 EUR, with at least 12,500 EUR verifiable in the bank account at the time of company registration. As the name of this legal form suggests, partners are only liable with the capital they bring in and do not risk their personal assets.
An LLC is usually both managed by the company's directors and legally represented. For a GmbH, at least one managing director must be appointed who does not have to be a shareholder in the company or resident in Germany. As a rule, shareholders can exercise direct influence on the company by issuing binding instructions to the managing director. Before deciding whether LLC is the most suitable legal form for your business, keep in mind that stocks of this type cannot be publicly offered. Meanwhile, the administrative and financial controls are also less stringent compared to public companies.
Mini GmbH Another, very similar legal form for companies is the mini GmbH, which is essentially the same as the regular GmbH in terms of limitations of liability and no restrictions on the conduct of business. Meanwhile, it enables entrepreneurs to bring in less capital when registering the company in Germany and thus risk with fewer funds at the start of business. In fact, no minimum capital is required at all. Instead, 25% of the company's profits are to be placed in special reserves until the total amount reaches EUR 25,000. In this case, the company will be converted into a regular LLC. Mini Ltd. enables young entrepreneurs to start their business with less capital, lowering their risk and cost of capital until the business is successful and making a profit.
German LLC taxation In general, taxes are enforced and administered by the local tax office. Local tax offices are usually responsible for administrating individual income tax, Corporate Income Tax (CIT) as well as Real Estate Transfer Tax (RETT) and Value Added Tax (VAT). While Trade Tax is based on the corporate taxes administered by local tax office, the enforcement of Trade Tax is under local municipalities' responsibility. German LLCs are generally subject to taxes explained below:
Corporate Income Tax – levied on company's worldwide income, unless double tax treaty is in place. CIT rate is 15%, meanwhile a solidarity surcharge of 5.5% is levied on the amount of CIT. This results in aggregated tax rate of 15.825%; Trade Tax – levied by the municipality of the registered office of the business. Standard tax rate is 3.5%, while additional multiplier is supplemented in range of 200% to 500% and set by each municipality individually. This results in aggregated tax rate of 7% to 17.5%. Both taxes are assessed on an annual basis, however, companies are obliged to make prepayments of CIT and trade tax on a quarterly basis based on an estimated tax amount due of the current year.
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