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International investment under the flag of the UAE
The UAE is an ideal location for making investments and managing them all over the world: income received outside the country is completely exempt from any taxes, and investment activity, including international, is considered prestigious and encouraged by the government – the investor can count on loyalty and support with sides of business, banks and government institutions
Yes, the UAE is not the only tax-free jurisdiction in the world, but most of the “tax havens” are on the “black lists” of almost all civilized countries. The UAE does not concern the consequences of global trends of deoffshorization, therefore, companies registered on their territory do not have problems and additional costs when settling with counterparties from other states. In addition, the UAE has concluded double taxation avoidance treaties and mutual protection of investments with many countries of the world. Continue reading
Family business: you can not increase to lose
Dmitry Motorin talks about the problem of effective business inheritance and gives advice to owners and founders of companies how to transfer their business to the heirs without problems
In the county of Lancashire, in England, about family companies they usually say that “there are only three generations between tattered shoes.” Our country has a hot issue of capital inheritance to go in the next 10-15 years. There are historical reasons for this.
It is amazing that not only people, but also the companies created by them, want to live forever. Many of today’s successful enterprises were created on the ruins of the USSR economy in the 90s and with new opportunities in the 2000s. These firms turn out to be the same living organisms, though social, and they just like their founders want to extend their active phase of life. The question is, how true shareholders are able to keep track not only of their longevity, but also the longevity of their company? Continue reading
Interest-free loans between “their”: to stand – to be afraid?
At first glance – not scary
Based on the provisions of paragraph 1 of Art. 50 and paragraph 1 of article 809 of the Civil Code of the Russian Federation in the general case, commercial organizations provide loans to other commercial organizations on a reimbursable basis. Moreover, according to paragraph 1 of Art. 421 of the Civil Code of the Russian Federation, citizens and legal entities are free to enter into an agreement. On this basis, the parties to the loan agreement are not limited in the right to establish in such an agreement any interest rate for the use of borrowed funds received in connection with the borrower’s business activities. Certain restrictions on the amount of interest under such an agreement can be caused only by compliance with other principles of civil law – reasonableness and fairness, the inadmissibility of abuse of law (clause 2 of article 6, article 10 of the Civil Code, paragraphs 9, 10 of the resolution of the Plenum of the Supreme Arbitration Court RF dated March 14, 2014 No. 16 “On the freedom of contract and its limits”). Continue reading
