Affilica International is an interactive network of independent
firms of Accountants, Auditors, Lawyers, Tax Experts and Business Consultants
who refer their clients' out-of-country work to each other. Worldwide marketing
stimulates new client enquiries and global status.
Recent Enquiries
Below are just some of the enquiries
known to us.
Many other enquiries are received direct by Affilica members by email,
post, phone or fax.
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730 We are a US-based sole proprietor
company and would like to open a subsidiary in Dubai for our business.
We would prefer to be located in a free trade zone. What options do
we have? the costs? the time involved? procedure to employ staff and
move some of our employees from a different country to this new Dubai
subsidiary? 728 A potential new client has a Holding
Company listed in Hong Kong with a manufacturing subsidiary in Singapore
and a trading subsidiary in Indonesia. The Director says he is unhappy
with their current set of auditors. He wants to switch auditors in
all three locations726 We are assisting clients in restructuring
their
organization. We are seeking firms that can cooperate with us in setting
up companies in tax haven countries. We are pleased if we could be
informed the fee for such establishment.
- Law firm, Indonesia 724 A client based in the uk with two
companies in Poland (Warsaw). He needs an accountant to both do the
day to day bookkeeping and tax returns and accounts. Good English
and a fixed fee for everything is essential.722 An Italian client of ours in Hong
Kong is considering forming a company in London, UK. He is in the
music entertaining business. We seek a professional willing to communicate
with him direct for initial enquiries which may or may not result
in new business. 720 An audit firm would like to refer
us preparation of consolidated accounts (group financial statements)
for a construction company. The activities/subsidiaries of the Company
spreads over Russian Republics and new republics in Asia and Ukraine.
The parent company is in Istanbul and investment in associate companies
in Ukraine and Russia. To consolidate under IFRS (International Financial
Reporting Standards), we need audited financial statements of subsidiaries.
So, we want to work alongside a professional practice in Moscow, Kiev
and another in Ukraine. Await introductions to capable professionals.718 A potential new client has a Holding
Company listed in Hong Kong with a manufacturing subsidiary in Singapore
and a trading subsidiary in Indonesia. The Director says he is unhappy
with their current set of auditors. He wants to switch auditors in
all three locations.716 A British person with minority interest
in a Turkish company runs a car hire company, an apartment complex
and carries out construction projects. It is building 5 villas with
swimming pools on adjoining land. The project is 75% complete but
need to raise the final finances to complete. All building work has
to be completed within two months since building restrictions come
into force shortly since this location is being declared conservation
area.714 The situation is: I am a working
author and consultant to museums and science centres based in the
UK; am moving to the USA in 6 weeks. I have several book contracts
pending, which will pay into a UK account in sterling. I would like
to register as an LLC or sole trader. Since I will be living in the
USA, I need advice on whether to keep my business account in the UK,
or move it to the USA wholesale. Since the tax, transfer and exchange
issues are becoming very confusing, I need professional advice from
someone qualified in Anglo-Pacific accounting.712 Two UAE companies need to be set
up for two of my clients (one of which is a large French multinational).
I tried the ‘’famous law firm’’ (name) there
but am extremely disappointed with their attitude. Enquirer is a practice
in Netherlands.710 A prospective new client who runs
auction wants to be audited. He wants us to audit every auction event
they hold. He asked me to quote a fee. I have never done such an audit.
According to him, it is common in other countries. I need consultancy.708 Our firm’s client from India
deals in electric light fittings and chandeliers. They want to start
a new company in Italy. The new Italian company’s role is sales
and distribution to Italian customers and also look for new customers
in near by European countries. They want to engage an Italian commercialisti
practice or an Italian law practice to get them successfully established
in business in Italy. 706 I am a freelance I.T. Contractor
and work through my UK Ltd company. I am moving to France and need
advice on how to structure my business to minimise tax and social
security liabilities. I will be resident in France and working for
UK and French clients. 704 I am a founding partner and director
of a small medium size Business Process Outsourcing company in Karachi,
Pakistan with 30+ employees. We are highly skilled in information
technology. Our focus is on software development, media design, data
mining and call center. I am looking for investors to put money in
this company for further expansion required for some foreign and local
government of pakistan projects in the business development pipeline. 702 We have a UK based LTD Co. My husband
is an I.T. consultant & director of this company & I am company
secretary. My husband is about to start a 6 month contract with a
company in Brussels, Belgium, through an agent in Belgium and may
receive a further 6 month contract on expiry of the first by the same
company, which would take him over the 183 day rule. He will remain
ordinarily resident & domiciled in the UK & therefore continue
to pay UK tax & NI during this time. The accounts & bookkeeping
will continue to be retained & managed in the UK by myself &
our UK accountant & our business address & business phone/fax
numbers continue to be in the UK. We require a Belgium tax specialist
/ accountant to : a)Initially confirm that in our circumstances, the
Belgium authorities cannot consider our company to have relocated
to Belgium for tax purposes. b) help us legitimately structure our
affairs to keep Belgium taxes payable to a minimum. c) Assuming that
the 183 day rule is breached, handle the Belgium tax calculations
& submissions on our behalf. 700 My practice serves as the auditors
of the Trinidad & Tobago subsidiary of a multi-national corporation
with headquarters in the U.S. The subsidiary has established a branch
in Equatorial Guinea, West Africa, to provide contract services to
the oil and gas sector. The branch has completed its first year's
trading and needs to comply with its tax filing obligations. Our client
requires early assistance. 698 My sister, who lives in London, needs
an immigration lawyer in NYC or Miami. 696 My client wants to have a banking
institution in Botswana International Financial Services Free Zone.
There are requirements to meet and need of a local partner. They are
currently a bank and financial institution. I need an accountant/lawyer
who can see through the registration process. 694 I have a Tourism & Events Management
Co in South Africa. I am currently in Cardiff, Wales to start an off-shoot
of my S.A. business. I need to form a UK company as a subsidiary and
strategise the overall group structure. In South Africa, the focus
is to promote Small, Medium & Micro Enterprises (SMME's). So,
I am looking for smaller Tour Operators/Events Management Cos in Europe
with whom I can affiliate my SA co. I seek a professional who can
advise and also introduce us to potential business affiliates in other
countries. 692 My client, a resident of (country),
holds 50% shares in a family trading company and is a director of
it. His father holds 50% shares and is also director. Due to differences
between my client and his father, he left the company last month.
He retains his shareholding though wants to exit from the company
entirely but not without adequate compensation for his shares. Got
someone with experience with such a case? My client needs expert advice
from an accountant or company legal expert and he has asked me to
recommend a suitable firm. 690 Can you let me have details of the
following in Bulgaria.
1.Company formations: costs, how many shareholders and directors,
do any need to be resident in Bulgaria?
2.Company tax rates.
3.Any withholding tax on dividends?
4.Anything else I need to know about doing business in Bulgaria that
is specific to Bulgaria. 688 We are still working on the type
of entity we want to set up for our international business. Thinking
long-term (international business in other countries), is it normal
for companies to operate out of one subsidiary? If so, would it be
more advantageous to operate out of the UK-based sub or a US-based
sub operating as a branch in the UK? We are about to employ a person
who is living in Switzerland. Do you know if this will require us
to register to do business over there as well as with the respective
payroll agencies? We are going to pay him in Swiss Francs for his
base but US Dollars for his variable commission. Can you do payroll
for Swiss employees? 686 Our client is a director of an Irish
company. He is an I.T. Contractor and is moving to France in September.
He wishes to invoice from his Irish company. What are the payroll
tax implications in Ireland and France i.e. PAYE/PRSI etc. (Enquirer
from Dublin) 684 We are a London accountancy practice
who look after the UK tax of I.T. experts working in various countries.
We currently seek an an introduction to an accountancy practice in
Fribourg, Switzerland. 682 My clients operate a private school
in Romania. They wish to set up a company in Holland. This Holland
co to invoice the Romanian co for providing foreign personnel. After
receiving the payment Holland co to pay the personnel (based mainly
in the UK). The sole shareholder of this company will be a Cyprus
holding company. Please let me know: 1.The cost for incorporation.
2.Provision of directors (if possible) 3.Provision of registered office
4.Provision of company secretary. 5.Auditing 6.The opening of a bank
account 7.How long it takes to incorporate this company. 8.What information
and documents are required. 9.Can the bank account be fully operated
through internet? 10. Can the directors be residents abroad? 11. Can
Company secretary be resident abroad? 680 Our company manufactures and distributes
(product). Our web site is www.----.com We have offices in (place)
in California, USA and an LLC in Bangalore, India. We are looking
to set up the equivalent of a “Rep” office in Barcelona,
Spain. This office will have just one person, probably working out
of his/her home to start with. The duties will be to sell our products
in the EMEA market. Invoicing and collections will be in USA. We are
looking for a suitable professional practice to assist with this.
How can your firm could help us, and what rates you would charge at
set up and the monthly ongoing? Coincidentally, our potential representative
will be in Barcelona on May 19 and 20, and if you had time, could
also meet with you. I should mention that he does not speak Spanish.
(Name)678 I am interested to receive more information
regarding the outsourcing of bookkeeping to me in Romania. I am an
ACCA qualified accountant.678 My client wishes to incorporate an
offshore company in Delaware, USA, and promote e-shopping services
through Internet. Their target clients are not only from USA, but
worldwide. What is the tax implication in USA? What is the procedure?
We would like an introduction to someone to do this work. 676 I am considering setting up a branch
or subsidiary of our license company to benefit from the double tax
treaties of Cyprus. I would like to know if a branch or subsidiary
is treated differently under the tax laws of Cyprus and what the costs
are for setting up either entity, as well as the time frame and legal
requirements. I will need a domiciliary address and a local director
and possibly a local administration. 674 We have a US client wanting to set
up an office in Spain, employing one person in Spain. Do you know
of any firm in Spain that might be interested in this work? 672 I received an enquiry from an India-based
estate agency who wish to invest in a similar business in Ireland,
and also to open a retail store in Ireland. Before I can proceed,
I need assistance from an Indian professional practice to establish
the enquirer's credentials. On an ongoing basis, the Indian practice
can also help with transitional issues between India and Ireland for
this new client. 670 I have some money abroad and I would
like to buy a house in Spain with this money (2 million €). Could
you please send me a contact in spain to help me in this operation? 668 Many years ago my mother in UK made
some small investments in a number of South African companies. When
she died I inherited her small portfolio but I have done nothing with
it. In UK, I have shares in:
VV Co - (dividend in Rand) - 1 share
WW Co - Sterling dividend - 2 shares
XX Co - Sterling Dividend - 24 shares
YY Co - Sterling Dividend - 4 shares
ZZ Co - no dividend yet! - 2 shares
Is it better to sell or donate them or buy more of same shares? Since
the South African economy is growing fast, I am tempted to build up
my portfolio but would like some professional advice. 666 How do I open an offshore branch
office in Qatar? 664 A client wants to set up company
in Singapore. Does Affilica have a member there to take this referral?
We want someone answerable to your network group. 662 I have enquiries for formation of
Ltd companies in Cyprus, required for property investments by UK residents.
Can you please forward me full details and costs involved? 660 We have been asked to recommend a
firm in Japan to help another of our US clients set up an office there.
Do you know of any Japanese firm that might be interested in talking
to our US client? 658 A Trinidad & Tobago subsidiary
of a US company would like to register a branch in Equatorial Guinea.
Can any Affilica member provide this service? An Accountancy practice
in San Fernando, Trinidad 656 I have been contacted by two expatriates
who own a company in East Africa. They would like to register an offshore
company with a commercial account for the business. Can you please
put us in contact with someone who could help for an affordable fee.
654 I am in Kuwait. I want to ask about
the interest on bank deposit account. Can you advise where and where
to invest to maximise on the interest income? 652 One of our Clients wants to open
an office in Dubai Media City, UAE. We would like to know the tax
laws applicable in Media City, UAE. We would also like to know if
there are any withholding tax provisions for contracts entered from
Dubai with a party in a country with whom UAE has a Double Taxation
Avoidance Treaty. 650 A client who operates in burner production
seeks a foreign investor. Their priority is to increase their profitability
and and operate abroad more easily. The company has produced oil burners
(also LPG and gasoline) for furnaces, bakery and machines. In 2005,
the Company's export sales were 400K USD, domestic sales in Turkey
were 1,500K USD. We can provide financial and other data once a credible
interested party is identified. 648 A practice wants to refer professional
work to an accountancy practice located in Shanghai and another one
in Suzhou, China. However they do not want to refer it to just anyone,
understandably for the fear of anything going wrong. Do you know a
reputable practice in either of these two locations? Would they be
join Affilica International as a subscribing member? To be an approved
Affilica member with responsibility and answerability to the Affilica
group as a whole? If so, such a new Affilica member from Shanghai
and another from Suzhou can have a new client straight away. 646 Our clients who may need financing
assistance. Do Affilica have connection to any bank, investment trust
or financial institutions who do project funding in the private sector
and arranges debt funding? A Liechtenstein or Swiss investment trust
may be required. 644 I have been contacted by by two expatriates
who own a company here and would like to register an offshore company
with a commercial account for the business. Can you please put us
in contact with someone who could help for a competitive fee? 642 I have a client who wants to do property
development in Bulgaria. Do you know any accountants there who can
advise me? 640 Our Irish resident client has suffered
withholding tax on royalties sourced from France. Is there a mechanism
under French tax law to reclaim this withholding tax? 638 A UK entrepreneur sources from outside
UK. Wants to form a company outside UK to sell consumer goods to UK
buyers without VAT (prices are more affordable to customers if they
do not have VAT). Seeks strategic advice whether the company should
be incorporated in Jersey or elsewhere. 636 A client has a company in Kuala Lumpur
that needs an accountant to take care of tax filing. Can he contact
you for you to assess about taking him on as a client? 634 Do you have a member in Tanzania,
preferably Dar es Salaam, who I can contact and at the same time assuring
me of that party being established and with a good reputation? 632 A company that is friendly with us
(we have not provided services to them) has an investments in Russia,
and is looking to appoint an "internal control manager".
We do not have enough knowledge about their company located in Moscow.
Turkish language is a choice of preference. To get them as a new client,
we hope to be of assistance alongside an Affilica member in that country.
This is one of the well-known tactical ways of improvement of our
business potential. We seek CVs of professional candidates to proceed
with this matter. 630 I want to form a company in Singapore's
free zone. I will be flying to Singapore on (date). Any relevant information
regarding procedures and legislation would be appreciated. 628 We are planning to set up a travel
agency in Dubai. What is the procedure and cost for setting up this
business? If we take over an existing tourism company, what would
be the procedure and costs? 626 A British practice has a client from
Germany who has investments outside Europe. The client is looking
for an efficient offshore structure to manage the investment holding
and operation. Wants advice from a capable practice. 624 We are a firm of tax consultants
in Australia. Our client, a public company that is listed on the Australian
stock exchange, wishes to incorporate a company in Tanzania to acquire
mineral prospecting rights from another entity and to conduct further
exploration activities on their own account. Are able to assist us
in incorporating a company and gaining the necessary business licenses
and permits? If so, please tell us about:
• Types of companies that can be incorporated
• Requirements for resident directors and non-resident directors
• Business licenses/permits that will be required
• Time needed to have a company incorporated and the necessary
permits/licenses granted
• Audit and tax compliance requirements (can you provide these
services)
• Likely costs
• Any other information that may be of assistance.
I can be contacted via email or via telephone (details) 622 We would like a Corporate Service
Provider in Singapore for the formation and administration of Offshore
Companies in Singapore. If possible please forward us some details
of any Affilica members there. 620 A client is considering setting up
an operation in Malta. Interested in handling his enquiry? 618 I have a client looking for an accountant
contact in Estonia. 616 A client wants to incorporate a new
co in British Virgin Island. Please tell us the procedure and the
costs. 614 I have a client - a UK registered
company - which provides consultancy and building services in stud
farm restoration and refurbishment and which been asked to quote for
a contract in Ireland. We need to advise on Irish VAT issues. Can
you tell me where to start or whether you could provide some basic
advice on thresholds for registration, rates etc? 612 I seek a lawyer who can handle
a lease extension for a Mayfair flat. The landlord is Grosvenor. 610 We require an auditor in Dubai or
from other UAE countries.608 In Middle East, British/US citizens
have a premium reputation, and therefore my clients and other people
insist on me engaging some US/British national. I am employing a British
female for our practice marketing. Please guide me about what designation
she should have, Marketing Executive or Personal Relations Manager
or Marketing Manager? Also, do you think she should be from accounts
background? 606 We want to set up an investment
company in Mauritius for investment business in Asia Pacific region.
Please tell us about the local laws in this regard. 604 I intend to establish a business
in UK. I will be in UK hopefully on (date) for a short stay. I have
seen registration info on-line. Preferred co name is (name), nature
of business: Telecommunications, Director: (name). Please quote registration
procedure, fees, details required. 602 I need an accountancy firm in or
around Toronto Canada to assist a client I have in the UK 600 Our client wishes to incorporate
a UK co to strengthen their Personal/Group profile for their local
products. Our client has a relative in UK who is willing to act as
a local Director. What costs are involved? We need a quote urgently.
598 I am a lawyer from Malta writing
on behalf of a client interested in setting up an International Trading
Company in your country. Kindly inform whether you can assist my client
in this regard, and what would be the costs involved. 596 We seek specialist staff for your
practice in (country). Need vetted candidates. 594 Here are the circumstances:
1. Newco in UK sets up in Sept 2003 with four shareholders and directors
3000 shares of £1 each, issued 250 initially for the sole director
at inception and the rest for cash in Dec 2003.
2. A new shareholder pays £6000 for new 3000 shares at premium
of £3000 in May 2004. Any share valuation issues here? The new
shares are overvalued here!
3. The company is eligible for EIS and will apply for it in due course.
4. A new key executive joins in May 2004. Not a director or a shareholder.
The company manages call centre contracts providing IT configuration
services to main providers such as BT and similar. There are reportable
events for 2003/04 and 2004/05 in respect of share issues but the
company wishes to attract and retain key executives and would allocate
10 % of the equity for share options. The directors want to ensure
their CGT/EIS reliefs are applicable on the capital gains and they
do not attract income tax rules on the gains arising. They also want
to make all the elections necessary to protect their position to be
only taxed under CGT and claim EIS reliefs. Can you suggest an outline
or may I browse a specimen scheme you have?
The other company:
1. develops and markets IT software; start up in May 2003; Shares
issued 2
2. The key directors and original shareholders develop the software
and getting shares issued in return for transfer of IP to the co.
3. Further shares are issued to take the issued shares to 100,000
of £1 each.
4. there are two shareholders and directors (non-working) who paid
£2000 each for 2000 shares each ; another pays £7500 for
7500 shares. The rest are for IP 65000, services 2500 and 21000 for
technical services.
5. The aim is to report the events for 2003/04 and ensure the gains
are only taxed under CGT and be eligible for EIS reliefs. The required
elections are made for any share restrictions etc.
Is it better to apply the R&D and let the company claim the enhanced
capital allowances; let the shareholder buy the shares and claim any
relief on his investment via EIS (income tax) and pay for the shares.
OR is it better to sell the IP to the company for shares? Is it a
CGT disposal? 592 Here are bye-laws of a society I
presented to the authorities here (India) for formal registration.
I am hoping the documents will be accepted by them with little or
no changes. I seek professional assistance since the legal framework
in India is not supportive of operation or promotion of Islamic Finance.
590 We are one of the leading importers
and distributors of Natural Stone (Marble, Granite, Travertine, Slate,
etc.) into Mid-West USA. We source products from all over the world,
including South America. For logistical reasons, we intend to start
a warehousing operation in Brazil, and are interested in setting up
a structured entity in accordance with the laws and regulations of
Brazil. Would like to know about local regulations and procedures
and seek professional assistance. 588 I wish to start a Dubai offshore
company to hold shares in a UK Limited Company. It will also hold
shares and title to land it will buy and sell. Confidentiality is
essential as I have a problem with my Sister concerning my father's
estate.
1. What type of company Incorporation is there?
2. Is there any tax to pay on profit?
3. Please state costs to set up a company in UAE, do they include
Directors fee's?
4. Second year costs?
5. do 'directors fees' include sending/receiving emails? Signing documents?
Would my name be on any documents in view of confidentiality? 586 I
am a lecturer and a Tax Investigation Officer at Inland Revenue Dept
of Malta. Due to an increasing demand for 3.2 Lectures, would you
be interested in hiring someone to teach paper 2.3 and 3.2? I am ACCA
qualified. My job requires me to keep up to date with all current
legislation and so this is a great advantage to my students. I am
also involved in drafting of new legislation. One of your students
(name) gave me your card, and told me that he had discussed the matter
with you. If you are interested, could we meet and discuss? 584 I wish to hire an accountant to prepare
my rental income accounts for the past year as a landlord, and minimise
my taxes. (Enquirer from UK) 582 I am looking to open an offshore
company to hold shares in a UK Limited Company. The offshore company
will hold shares, plus title to land it will buy and sell. Ring-fence
assets due to a family dispute (Enquiry from UK) 580 How does a private individual invest
in Kenyan and other African stock markets affordably? A dollar-cost-average
approach, that is. 578 I have prepared a balance sheet and
accounts of a Dubai-based company. Can you audit it? If so, please
quote your fees and procedure. (Enquiry from India) 576 We (Singapore practice) require assistance
in US personal tax for our client. Please provide a suitable introduction.
574 We are a Canadian CA practice. Our
client has a father in law in his 90s in London. Our client needs
to ensure the Inheritance Tax matters are properly planned and in
place. Can you look after the assignment and if so what is the tax
exemption limit? 572 Please could you direct me to one
of your professionals who can advise on establishing a tax efficient
company structure for a proposed investment into India. I own a 1990
Luxembourg company and have heard of treaties between Luxembourg-Mauritius-India.
Please provide more information on the same by email as I am travelling
from UK to India this week. 570 Do you have a Vietnamese contact
that i could get in contact with as i have someone who is going there
for a short assignment. 568 One of my clients, who is based in
the Netherlands, wants to establish a company in Belgium. The principal
activity is to distribute (product). Would you be interested in communicating
with him. 566 An Australian accountant is visiting
Vienna & Budapest and would like to meet accountancy practitioners
(other than Big 4). Would like to meet for informal business exchange
discussion in English. 564 I am from Leicester, UK. I am looking
to purchase an existing business (I have one in mind), I have some
capital but need to raise a bit more via commercial mortgages. 562 A London accountancy practice would
like to develop a working relationship with practices in offshore
jurisdictions to refer offshore enquiries of clients.560 I am a professional accountant/auditor
in Malaysia looking for contact in Indonesia to carry on audit or
incorporation of companies.558 I have an enquiry from (name) from
Greece about setting up and running a Dubai company. Can you assist?
556 We now have a client who needs the
service of an accountant in Hong Kong. Can you help us with quotes? 554 Kindly advise of tax planning opportunities
that Kenya has to offer to Cyprus companies. 552 Can you assist in filing tax returns
for a client, a Canadian Resident, who owns rental property in London,
UK. They need to reclaim taxes withheld by their UK estate agent.
550 UK accountancy firm (north London)
has given up their audit practising certificate but continue with
accounts/tax work. They seek a UK independent auditor who wishes to
carry out just the audits on half a dozen of their clients, UK companies
in real estate, garments, wholesale butchers, etc. The largest company's
turnover of around GBP £7 million. Can be located anywhere in
UK but must be able to visit. 548 Assignment in S E Asia of 2 months
with possible extension.
1. Leasing: conduct financial feasibility studies to develop leasing
industry.
2. Land Use Reform: improve land use certificate system as collaterals
for bank loans.
3. Credit Scoring: mainly targeting SMEs
4. SME Accounting: design SME accounting system.
5. Business Registration/Licensing Reform: practical knowledge of
reform. 546 Subcontractor required by a London
general accountancy practice to prepare draft financial statements
from "incomplete records". Must be able to visit the enquirer
in London. 544 A prospective client in Hong Kong
intends to set up a company in Switzerland. Please advise briefly
the related basic requirements, procedures, estimated length of time
and fees. 542 A Singapore company formation agent
seeks a lawyer or an accountant in Japan who can professionally advise
if a sale of design/content that is meant to be used in telephone
mobile network in Japan can be treated as a trading item outside Japan
or meet the definition of a royalty? 540 A South African client wants to develop
a product with a Mauritius partner and wants to know if he can hold
shares in a Mauritius registered company and further advice thereon,
patents, etc. 538 A UK accountancy practice has been
approached by a UK business Ltd company. They organised a conference
in Portugal for a UK association of accountants who are not registered
for for VAT. The conference has already taken place. The Portuguese
tax has been paid into the bank account of the intermediary. The invoice
was for £55,997.06 plus £10,639.44 VAT (19%). Can a reputable
an accountancy practice in Lisbon or similar relevant person or organisation
assist in refund of the VAT? 536 A UK holding company has investment
holding in a few trading subsidiaries in the S E Asia. UK consolidated
financial statements are prepared. The subsidiaries are audited by
local auditors in S E Asia. The UK auditor seeks assistance from a
UK registered auditor experienced in auditing UK consolidated accounts
to carry out audit of UK holding company. 534 An enquiry from an ex-large audit
practice accountant who is interested in buying a share of or all
of a thriving practice in or near London. 532 Our client is looking to set up a
limited company in Germany as well as the one we have already set
up in England. We would then arrange for the two companies to be a
group. We are looking for a German firm of accountants to assist us.
Do you have a register or list for us to browse and make a direct?
Found it on Affilica website. 530 My client is a Company in HK who
have an affiliated company in India. It is a freight forwarder. In
some shipments, it has arranged the freightage to be collected by
the India Limited Company. However, the Indian Company says it cannot
make the settlement unless the RBI was applied as they are considered
to be companies in the same Group? Is this true? Does it mean that
there is Indian Foreign exchange rules, and if so need advice.
Somebody who can advise and give me the contact so that I can forward
to the client, will it be expensive? 528 A UK accountancy practice has a client
in India who wants to invest in UK. Supply of essential oils, food
flavouring essence. A new UK company has been started. A manager is
being sent from India to run the UK operation. Need specialist advice
about not falling foul of "transfer pricing" rules. Need customised
tax planning about business profits arising UK tax and business profits
arising in India tax. Need to consider employment tax on manager's
salary paid partly in Uk and partly in UK. 526 Our company provides financial planning
services in Hong Kong. We have become a wholesaler of certain financial
products to be distributed in Singapore & Malaysia. We need to
know whether we have to set up company or branch office in Singapore
& Malaysia to do this.
1-Can we, a HK company, set up company or branch in these 2 countries?
2-What are the basic procedures and requirements for setting up company
or branch office there?
3-What are the pros and cons for setting up company as opposed to
a branch office?
4-Any foreign exchange control imposed by these 2 countries on overseas
companies when they repatriate funds back to home countries?
5-What are the tax implications for a company or branch owned by an
overseas (HK) company?
If we decide to go ahead, please refer a good professional firm (accountants?),
charging reasonable fees and always serves small & medium sized
enterprises to assist us. 524 A person from the Mediterranean region
needs a tax specialist to advise and settle a tax matter in Washington
DC, USA. Any takers? 522 One of our clients might need audit
services in Indonesia. Does Affilica have a member firm in Indonesia?
Enquiry: Malaysia 520 Please advise me the cost of formation,
and itemised annual costs (compulsory and optional) for you to form
a Hong Kong company for us, and to provide a registered office for
us. The company name we want is "NAME-A" or if that is not
available "NAME-B". Please also advise the costs of providing
a Hong Kong office for an existing British Virgin Islands company.
Enquiry: New Zealand 518 What is the tax situation for a UK
national who has been overseas for 18 months but not a full UK tax
year. Tax has been paid locally overseas on income from that location.
Will there be additional tax to pay in the UK on return?516 A small firm of ACCA registered auditors
located in Central London would like to divest audits of half a dozen
limited company clients. They would like to continue with the accounts,
tax and consulting work of those companies. They seek someone who
would carry out the audit work without poaching the clients' other
work. The applicant does not have to be located in London. 514 Our
client in Turkey has a business deal with an English company who have
not paid for a work project. Professional assistance is required with
Debt collection and possible litigation. 512 We program and manage on-line tax
web sites. We require an Accountant in HK to answer HK tax questions.
Enquiry: New Zealand 510 I work as a consultant in the international
arena for international organizations and export/import. I have two
queries:
1 - creation of an off-shore company for an international businessman
(USA and India)
2 - opening of two bank accounts in Luxemburg.
Could you help me on the above? Enquiry: France 508 We are planning to operate a retailer
in Hong Kong to distribute high quality European style men's shirts.
We are looking for manufacturers or designers in Europe as partners
who would wish to distribute their products in Hong Kong initially
and perhaps China and the rest of Asia at a later date. 506 I am a New Zealand citizen, contracting
in the UK. I am looking at opening an offshore account to save on
paying tax. I have a UK company. What are the tax implications if
I open an offshore account? 504 I work as an IT contractor; I have
a limited company which is about to be forcibly closed down because
I haven't submitted any tax or VAT returns. I realise that I have
to sort this out but know that this could take some time. In the meantime
I need to stay working to keep the money coming in so I can pay the
huge amounts of tax that I must owe. Would I be able to start a company
in another country & carry on working as an IT contractor here
in the UK ? I currently have a business bank balance of £25,000 and
am waiting for a further £25,000 to come in. 502 We seek suitable Mauritius-based
firms to obtain some information on the relocation of Mauritius registered
companies to the Isle of Man. 500 A London accountant has a client
working freelance in a Western European country. The client is a British
citizen but not domiciled in the UK. They need to incorporate an offshore
company to legitimately shelter their assets and earnings. Which jurisdiction
to incorporate in? What are the charges? How fast can it all be made
ready? 498 I need to instruct a solicitor in
Macedonia for a small personal case involving the purchase of an item
which never arrived. Can you help me? 496 I am from Malaysia. I am also looking
for an accounting firm in Thailand to work alongside. Please recommend.
494 I am based in Cyprus with business
connection in Bulgaria, Serbia and Montenegro. We are entitled to
claim VAT for expenses incurred by business people/companies for exhibitions,
hotels, entertainment, petrol, food and drink where applicable. Are
you willing to handle claim on our behalf for the countries of Cyprus,
Bulgaria, Serbia and Montenegro? What is the procedure? What are your
fees for such professional work?492 We are ready to handle the setting-up
of offshore companies. We assist frequently with Gibraltar companies. Enquiry:
Gibraltar 490 We are an established Indian conglomerate
engaged in Construction, Import and Export. As part of our expansion
overseas, we wish to open an offshore import/export company in a Free
Port / Free Trade Zone. We would like to hear about your services,
your terms & conditions, as well as the duration it will take
to set it up. We would also like to hear about the requirements necessary
for opening such as company as well as for opening a bank account
for this purpose. Looking forward to hear from you soon. 488 We are a company based in Hong Kong
and provide corporate services to our clients in the Asia Pacific
region. I found you from the Internet, that your company provide a
range of corporate services. Would you kindly send us information
about incorporation of companies in Bahrain and Qatar? 486 A London accountancy practice has
a client who may go into liquidation. It is a Ltd Co in optical lenses
business, with half a dozen creditors and 2 dozen debtors. No obligations
response requested from a London professional with ability to deliver
insolvency work.484 I receive your e-mail newsletter
and find it interesting and helpful. I have been able to pass some
of the articles on to clients who have appreciated their content.
A client has a company incorporated in Hong Kong which has recently
completed its first year of trading. The HK accountants have advised
my clients that as well as the tax due on this first years profits
they will also have to pay 75% of the tax immediately in respect of
the second year. A further 25% will be due by the end of April 2003.
The company has a 31 March year end and it therefore appears that
the company will be required to make a payment of tax for the second
year equivalent to the first year's tax so that payment in full has
been made just after the end of the year. I am not certain if this
is correct. I should be obliged if you would ask any of your members
resident in Hong Kong to see if the above appears correct and also
to clarify the tax payment dates for companies in Hong Kong. Enquiry:
HK 482 A London accountant has a non-resident
client. Their client is thinking of setting up an offshore company.
The London accountant seeks assistance with formation and setting
up an offshore company arrangement. 480 I have a USA resident client who
owns an Irish limited Company. He wishes to open an offshore business
bank account outside the USA, possibly somewhere in Channel Islands
or Europe. I would appreciate if someone could advise on a suitable
bank, contact name & location. Client cannot present himself personally
at the bank but can provide whatever identification documents or other
information that may be required. 478 Our client, a UK management services
agency is suffering Indonesian withholding tax on their fee payments.
They need to legally minimise such withholding tax. We seek an Indonesian
professional with English communications skills to:
(1) explain how the Indonesian withholding tax system functions and
(2) how to adjust existing business arrangements to become more tax
efficient.
Know a reputable professional firm who are willing to take on and
deliver a workable solution? 476
Our client, a themed hotel in South Africa, wants to add an Indian
"aryu-vedic" therapy unit in collaboration with one operating
in India. The hotel has thatched-roof African architecture with a
luxurious western-style interior. The grounds include a small safari
park with a variety of wild animals including lions and cheetah. The
clientele is international.474 A London accountant, specialising
in assisting directors of companies facing insolvency, gets new clients
from time to time who need accounts and tax work carried out. He wants
to divest the accounts/tax work while keeping the related consultancy
work. He seeks a fee sharing arrangement.472 I have a client operating as a self
employed consultant in the Childcare Sector working from home. Whilst
in employment carrying out similar work she had been granted an allowance
in her PAYE coding for working from home of £5,000. Has anyone got
any experience of such large amounts being allowed? Enquiry:
UK
731 I have a client who needs some services
in Indonesia. Would it be possible for me to contact your new member
in Indonesia whether they can provide the service? - Hong Kong 729 Our client who intends to make an
investment (build a factory) in Vietnam. We would like to find a professional
practice in Vietnam to co-operate with. - Guangzhou, China727 A leading Islamic Bank is looking
for a Shariah compliant Auditor; send your proposal.
- Dubai, UAE725 Offer of sale: Alternative Reinsurance
Co. Ltd, a Nevis reinsurance and insurance company, incorporated 2004.
All government taxes paid up to 2008. Current Price US $ 7,500. Ownership
transfer can be completed quickly.723 We have a client in China who plans
to acquire shares from a shareholder of a company in Bangkok, Thailand.
We are looking for a professional firm in Bangkok experienced in corporate
acquisition in Thailand.721 From Holland: "I put several
designs together and they are registered at the Benelux Merken Bureau
in The Hague. Someone has copied my designs after having signed a
non-disclosure agreement. they are now being sold worldwide. Thanks
to a friend, I found this out; had she not sent me a web-link i would
have never found out. I seek professional assistance for compensation. 719 From a Chartered Accountancy practice
in India: "One of my corporate clients engaged in Textile industry
is interested in takeover of mid-sized company in UK. I would appreciate
it if you can let me know of a seller." (Mergers & Acquisitions).717 We are looking for business partners
(computer centers, organizations, Institutes, Entrepreneurs, Management
Institutes, Colleges) to become our partner to establish a chain of
academies in India for establishing job-oriented financial accounting
training courses with a 100% job-placement assistance programme to
students enrolled.715 A client (residence permit in UK,
Turkish passport) wants to operate in service business with his colleague
(residence permit in China/ Turkish passport) in China to provide
services for Olympic Games with their 4 business partners. The want
to establish joint venture by using their own company in China - perhaps
a subsidiary of a Hong Kong company. To decide on a suitable structure,
they need clarification on:
- the best corporate vehicle
- legal tax avoidance
- requirements for the companies operating in service business
- minimum share capital limit
- can a turkish domiciled company to do business there (without new
company or all independent)
- is a joint venture with chinese company required
- any new laws for service providers for olympic games?713 Mr X has been working for a large
financial institution in the City of London. He is moving in July
to a job in Hong Kong with a hedge fund at a significant salary package.
Since non-residents can plan legitimately to minimise UK tax on overseas
income, he would tax planning advice. 711 A leading Islamic Bank in Dubai,
UAE is looking for a Shariah Auditor; send us your proposal. This
is a specialized position where auditing and shariah knowledge is
essential. 709 We are a UK Ltd Co with our call/admin
centre in Thailand. Is there a UK Registered Chartered Accountant
here in Thailand available to audit our UK books of accounts? Our
UK y/e is 31st March 2007 and we would like the audit completed within
1 month thereafter. All accounts done here are through quickbooks.707 I have formed a UK Ltd company two
weeks ago to use as a consultant. I now need someone appropriate to
do bookkeeping, vat returns, monthly payroll and payslips, financial
statements, personal tax and business advice.705 Our capital city government is now
building the Jakarta monorail which involves funding from Dubai Islamic
bank. We would like to work alongside Dubai practices to have the
chance to audit the consortium.703 I am going from UK to Nigeria for
a two-year specialist work contract. Is my salary in Nigeria is lawfully
exempt from UK tax? Should it be paid monthly into my UK bank account
or in Nigeria or a third country?701 A UK-based telecom company, is developing
a new three-in-one mobile phone which will enable the user to use
one handset for three different mobile phone numbers. This new design
is to be sold to handset manufacturers and mobile operators so that
they can offer an additional services to increase their turnover.
We have strong interest from well-known manufacturers and Tier 1 Mobiles
Operator. The development focuses on a design for which we have raised
Sterling 180,000 from UK's Department of Trade and Industry. Now we
seek an additional Sterling 500,000 to deliver a program of intellectual
property for licensing. Since Vodafone claims that 13% (approx 260
million persons) world-wide carry more than one mobile phone, our
new technology provides a perfect platform to address this gap in
the market.699 We are currently in the process of
emigrating from UK to Canada and need some questions answering ranging
from how much money we can transfer into the country upon arrival,
and beyond, to whether we can receive a bank loan or mortgage for
a self-build if the plot of land has been bought outright, etc. 697 I would like to purchase a sailing
yacht outside the EU to use as a prime residence in the UK. How should
I import the yacht? Where in the EU should I register the yacht to
minimise the VAT? 695 Our USA client wants to set up an
office in Spain employing one person. 693 I have an enquiry from a prospect
for a BVI company to hold the shares in an Irish limited trading company
we are incorporating for them. What information do you need and what
is the likely costs and timeframe of set up? 691 Would wish to speak with you on the
telephone. E-mail me when it will be convenient. Gaborone, Botswana. 689 My daughters have inherited a house
in Ireland which was sold by a lawyer and agent in Ireland on their
behalf. The funds will be transferred to their account in Canada in
order to buy me a home in Canada. Will they have to pay inheritance
tax as well as property tax? 687 I am an Indian resident working for
a Sydney-based Australian Private Ltd company. I hold a P.A.N. card
in India. Am I eligible for a tax refund under the double tax agreement
between Australia and India? 685 I am a small scale miner dealing
in precious stones such as red Garnet and green Tourmalin. I am currently
in (town). I need help in finding buyers and/or sponsors for my business. 683 As a non-Russian living outside Russia,
I want to invest in Russian companies listed on the Moscow stock exchange.
What is the procedure? Do I need to establish a Russian company or
is there another way? If a Russian company is required, please provide
me with the steps for formation, directorship, operational details
and the costs involved. Please also tell me the restrictions of Moscow
stock exchange. 681 Can you provide audit services to
one of our listed client who recently set up a Joint Venture company
with a local partner in your country? They are in the insurance software
business in our country and are expanding actively in the ASEAN region.
Please provide us with more details on your firm and your experience
in the insurance and IT sector to assist me in the referral.679 For a substantial undertaking, a
structure in Liechtenstein was proposed. It was advised that it is
more appropriate to have it domiciled in BVI. Looking for a capable
BVI company registration agent to look after this.677 At the
"Great Hotels of the World"gala dinner (300 persons) on 8 May at
Cumberland Hotel, central London, there were five persons at my table.
The person sitting to my left was an Englishman who operates a diversified
finance and tourism operation in Indonesia. He asked me what I do
and I mentioned about Affilica and the E-Magazine that goes out to
26,000 professionals worldwide. He said he has been receiving Affilica
E-Magazine for the last two years. And he said he has emailed me a
year ago. What a small world. I was staggered and amazed. What can
I say? He gave me his card and said I should send an introduction
email to the Affilica member in Jakarta, Indonesia as he would like
to consult them. - Jaffer Manek, Managing Director, Affilica675 I have an enquiry from Ukraine where
a company is looking to have cinema rights held offshore, and then
to charge royalties. There is a 10% withholding tax. I am looking
for an effective and economic way to use double tax treaty against
this tax and then to shelter offshore. 673 We are a French pharmacist retailer
and distributor based in Paris. For our branch in Madagascar, we want
to get an agency for a branded product made by a UK manufacturer.
We need assistance to start negotiations, get it signed and service
it on an ongoing basis. 671 A new client has a subsidiary in
Mali, west Africa. We need a registered auditor to issue IFRS audit
opinion to conclude the consolidated accounts. I can persuade them
to appoint an independent audit practice. 669 An architect client wants to open
a branch in Dubai. They want (1) tax minimization advice and (2) manage
the business from Dubai. Should it be a branch or a new company or
representative office? Sale invoices issued from Dubai? They also
have operations in Kazakhstan and need optimisation there also. We
are to meet them next week to give them the best feasible solution. 667 An Affilica member this month got
a new client to do the legal work for sales of 13,500 new apartments
being built in Brazil. They need to build a working arrangement with
lawyers in Brazil specialising in real estate law to provide back
up and consultancy in Brazil. This work can get very busy for time
deadlines. The Brazilian lawyer responding to this enquiry would need
to join Affilica International network as a new member. Please tell
us about your practice, the number of lawyers, your location, abilities
in real estate law work and your website URL. 665 I am a CPA from Papua New Guinea
with no chartered experience. Will any of your members be interested
to enter into a partnership with me in order for me to practice? 663 We are an Event management Company
in Kuala Lumpur, Malaysia and would like to know if there's any body
would be interested to finance some of our projects / Events that
we are organising. We could talk further on this matter if there's
anybody interested. 661 We advise and support highly skilled
consultants working on a freelance basis throughout Europe. Following
recent changes in Swiss and EU law, we are interested to provide freelance
consultants from EU to clients in Switzerland. Can you assist in our
requirements to set up a legal structure, preferably from a UK base
company, to assign senior consultants to Switzerland, while complying
with Swiss labour law, tax and social security rules. 659 A UK audit practitioner, not domiciled
in UK for tax purposes, would like to explore setting up a trust to
hold his family assets, including his family home freehold house in
London. The trust could be in UK or overseas. Are you interested in
explaining the advantages, disadvantages, procedure of formation and
maintenance, costs, etc? 657 I have a potential client who is
interested in establishing a company in Austria. He runs an electronics
company, which will receive and then ship goods and will require virtual
office facilities. Please provide information, procedures and costs
for the incorporation, registered office etc.655 We are a new property development
company in East Europe. We are currently putting together the board
of directors. We are actively seeking a non-executive Chairman and
FCA. I believe that you are already in the business of property in
London (name of company). Please contact me for more details and to
possibly arrange a meeting in London. 653 Our client would like to gift three
quarters of her house to her daughter. Can you handle the legal work? 651 Our client, currently based in Dubai,
wants to set up representative office in China. Please can you quote
us the best way to proceed, an estimate of costs and time scale involved? 649 I am an expatriate in Japan considering
in investing in a holiday property development in Bali, Indonesia.
The developer is offering partial interest in the property through
shares in a BVI holding entity which co-owns the Indonesian foreign-investment
company (PMA) which in turn has local title to the real estate. Where
and how would it be possible for me to obtain a loan to finance the
acquisition? 647 We supply exhibition services in
Europe to Dubai based companies. Is the VAT charge applicable? 645 Our practice operates under HKICPA
and ACCA qualifications. Our client, who exports shoes to Europe,
approached us to set up a representative office in your country. Their
office would only seek new customers in your country while all other
work is done in Hong Kong. The manufacturing factory is in China mainland.
1. Do they need to pay tax if the representative office is only a
sales and marketing office?
2. They will not send any invoices to customers in your country.
3. Any annual fee or expenses to be paid?
4. The client would recruit staff in your country; any employment
agreements needed for them? Any employment tax to be paid? Any Provident
fund payments needed? 643 My husband and I have lived in America
for 1 1/2 years, where we moved for my husband's job. For the tax
year 2004/2005 our sole UK income was from a property we rent out.
Our US tax return requires us to declare this income and be taxed
on it, which will effectively mean we are being taxed twice. My question
is whether there is any way to avoid/balance this. I was told by someone
at the Inland Rev to complete only the 'non-residence' and 'property'
sections of the self-assessment forms. Should we also be completing
the 'foreign' section which asks whether we wish to claim 'foreign
tax credit relief for foreign tax paid on foreign income'? 641 I work for a Recruitment Agency based
in the UK and we provide services and highly specialised engineers
and technicians to clients mainly in the telecommunications and IT
markets worldwide. We also have offices in the Netherlands, Belgium,
USA, Argentina, Australia, New Zealand and India. We have a Russian
contractor providing services in Russia, initially on a 3-month contract,
and need to find somebody to help us with one of the following options:
a) take him as an employee and run him through a local payroll, having
income tax and SS paid directly to the local authorities;
b) help him register as self-employed and manage the monthly obligations
regarding payment of taxes, SS and VAT (if applicable).
Can anyone you know handle this matter? I would really appreciate
details of the services they provide as well as the costs. 639 I am assisting (name) in arranging
for publication of his book on modern Zanzibari cuisine. He is negotiating
its publication with a publishing house in London, (name & address).
Authors finance the cost of the publication and later recover the
amount and more if the book sells. This in itself is fine with (name).
Considering the substantial amount of the advance payments (four installments
of 900 euro each = 3.600 euro), (name)’s concern is obviously
that this publishing house remains in business and does not, e.g.,
file bankruptcy in the meantime. How do we find out about their financial
standing and reputation? (Named Lawyer, Finland) 637 My client is now resident in the
Sudan and working as an international development consultant. Working
for the UN, his salary is not subject to tax. He has real estate in
the UK which is let and we will file a UK tax return on his behalf.
He has previously traded through a UK registered company which he
no longer requires and which I propose to wind up distributing the
assets by way of a capital distribution by concession from the Inland
Revenue. He will not be subject to UK Capital Gains Tax as he is no
longer UK resident and has no intention of returning to the UK, although
I believe he is still UK domiciled. I know nothing about taxation
in the Sudan and want to avoid any major pitfalls. Does anyone have
any expertise in this area? 635 A British musician and citizen living
in USA for 20 years, recently divorced, is considering moving to another
country such as Ireland. He was actively involved with the Tsunami
Relief effort and regularly donates to charity. How can you assist
him professionally, what is your fee structure and what references
do you offer? 633 We saw your advert in the Gulf News
website that you assist entrepreneurs with company formation, feasibility
study and also locating finance or investors. We are Canadians interested
in emigrating to Sharjah, UAE to open a business backed by a Canadian
joint-venture. We are interested in (a) pharmaceutical to manufacture
capsule and tablets and (b) fishing project. would you please quote
for writing a feasibility study? 631 A UK company administration organisation
wants to outsource filing of company annual form, AGM, change of directors
form, shareholding transfers, etc (company secretarial) of private
companies (not listed on stock exchange). Wants this done for Austria,
Belgium, France, Germany, Netherlands, Denmark, Finland, Norway, Portugal,
Spain. Are you interested in working alongside this UK professional?
629 A UK-based business has a Cyprus
company with 4 UK companies. Each of UK companies has a different
activity. Sales are made by credit card via one UK company. Software
made in Ireland, CDs printed in Ireland, packaged in UK and sold in
North America. Want to start selling in Europe in October 2005. They
want a Cyprus VAT registration number to present to Irish supplier
so that no Vat is charged on supplies. Need strategic advice and work
carried out. 627 A director travels from Germany to
the UK regularly to bid for contracts and organise and manage contracts
which have been started. Is it necessary for a company to have a permanent
establishment in the UK to avoid being taxed in Germany under the
double tax treaty as a branch? Is the place where the director performs
her duties relevant? Should I put my client in touch directly with
you regarding planning opportunities as she will be able to tell you
about her present situation in Germany? 625 We are a large firm of Chartered
Accountants in Cape Town, South Africa. We do have international affiliations
in many countries, but none in (country name). (Person's name) from
(large international network) suggested I contact you with regards
to a client of ours in the Property Management industry, who would
like to start a joint venture company in (country name) and is enquiring
regarding the information required and the steps to form a new company,
as well as the timing of the company formation and the related costs.
623 My principals based in Canada are
interested in having a geopolitical and risk analysis in starting
a car assembling unit in (East African country) and also merging and
taking over a company in the industry. 621 Is there an accountant in Rep. of
Ireland who would be interested in providing payroll service? Approx
20 staff. 619 I have a client who is resident in
Germany but UK born and Domiciled as far as I can be certain. She
is married to a Polish person. She has formed a UK registered company
to renovate stud farms and is starting to get work in the UK and also
in the Republic of Ireland. She holds 100% of the share capital. Are
there tax planning opportunities in this situation and whether anyone
would be able to advise on such a matter. 617 My client is doing business in Jable
Ali Free Zone in Dubai. He is also doing business with China &
Hong Kong customers. Please let me know whether he can set up a Representative/Branch
office in Hong Kong. Please let me know the procedure, time and cost
involved. 615 A CEO in a EU FMCG (fast moving consumer
goods) company wants to enter the consumer market of (country in East
africa) and wants to take a local company there. what are the possibilities
and implications? First a general guideline and your charges for detailed
report. 613 I refer to my previous email requesting
comment on providing audit services for PR China clients. Should be
grateful for your response as writer will shortly be travelling to
Indonesia and PR China to visit business clients 611 I wish to minimise my UK tax liability
for a short (3 month) contract I may undertake in India. Should I
set up a UK Limited Co, an offshore company or just get payments made
to me as an individual spread over tax years? This is the only contract
I will undertake covering two tax years. 609 An associate has a client with VAT
problems in the Netherlands. They have asked me if I know anyone who
can deal with this. 607 I've sent 2 emails asking how close
Affilica is to having a USA firm in place with international tax and
US GAAP capabilities. Please advise, as we have a potential client
situation. 605 A client is setting up a branch in
Breda, southern Holland. He will be trading and employing people in
Holland and so needs a Dutch accountant to deal with the Dutch authorities
for him. Could recommend a small Dutch firm through your affilica
network? If you can please can you provide a number and contact details
and I will call them. 603 For some years, I am interested to
work in (African country). I have been working in accounting for more
than 10 years including an international practice (name) in Switzerland
for 6 years. Do you have a job opening? My CV enclosed. 601 I have an enquiry from a Dubai company
wishing to set up a UK subsidiary. I need to check they are bone fide
and genuine. I could e-mail you the business details they have sent
me. They claim to be large in UAE. 599 Do
you have any contacts in Sri Lanka? (Enquirer from UK) 597 A client from Hong Kong wishes
to set up a company in UK. What is:
a) Cost of setting up
b) Cost of maintaining a dormant company
c) Who can be the shareholders and directors
d) What is the minimum number of shareholders and directors
e) Any other requirements or details to be ware of? 595 A Rep South Africa client wishes
to invest in property in Brussels, using RSA capital and offshore
capital. Is a Luxembourg-based trust advisable to hold the ownership
in the real estate and if so what are the consequences and costs?
593 A British client works for a Dubai
co. Is the salary from taxable in UK? Is there a double tax treaty
between UK and UAE? 591 A client purchasing real estate in
Spain needs a tax expert for advice on Corporation Tax and Capital
Gains Tax implications, ideally someone based near Santander. 589 A client is negotiating a Joint venture
in Dubai. Do you have a CA practice in Dubai who can assist with company
formation and other matters? 587 We have a Gibraltar Foundation
that will require auditing. Do any of the members of Affilica have
this capability? 585 We are seeking a correspondent firm
in the UK (Enquirer from Mauritius) 583 I bought a bungalow from Mr X. Before
the house was sold, he informed that the house was in good condition
and location and was likely to be converted to commercial use. Six
months after the purchase, I found out that the bungalow was infested
with termites and all timber needed to be replaced. The ground where
the bungalow was built were beginning to sink along with the house.
The government also previously approved pig farmers to operate close
to the bungalow. I want to sue Mr X for the loss of my money. What
are my chances and also my legal position? (Enquiry from KL, Malaysia) 581 One of my clients is negotiating
a Joint Venture in Dubai, UAE. Do you have any CA firm in Dubai who
can assist with company formation and other related matters? (Enquiry
from Mumbai, India) 579 My client, an overseas development
consultant, works mainly in Ethiopia and Afghanistan, and trades through
a UK registered company. He is planning to relocate with his family
to Sri Lanka in about a month's time and will be resident there. I'm
trying to find out enough about the Sri Lankan tax regime to decide
whether to continue using his UK company or not and what other factors
need to be considered re his personal tax affairs. He is also planning
to invest in property in the UK and possibly start up another business
in Ethiopia. It will probably be most helpful if he can find an accountant
to advise him when he gets to Sri Lanka. (Enquiry from UK) 577 A person based in UK but not-domiciled
in UK wants to invest GBP £5 million in India via a Mauritius
company. Can you advise on the best way forward? 575 A client wishes to invest money in
property in Australia via a company to pay local corporate taxes.
Can a non-resident be 100% shareholder in a local company? What are
the tax implications? What would be a budgeted cost for the structure?
573 We (South African practice) have
a client working in Uganda and is in the process of establishing business
relationships in Tanzania. Could you forward details of how to establish
a company in Tanzania and what business incentives are available.571 I act for a UK company that is buying
a yacht from an Isle of Man company. The yacht will be commercially
chartered from France. Crew will be provided. I need to VAT register
the yacht chartering business in France, to reclaim the VAT on the
purchase. There afterwards VAT returns will be prepared in the UK.
I therefore need help in preparing the VAT registration, and the first
VAT return. The French Accountant should be bilingual.
- London accountancy practice 569 One of my clients wants to set up
an offshore co in British Virgin Islands or some other suitable tax
haven. The objective is to have an offshore jurisdiction for re-invoicing.
Can someone assist with advice on procedure and costs to do this legally
and properly? 567 Please advise: 1.How much it costs
to set up a UK company and maintain for a year with tax exempt status.
2. How long it will take you to set up a bank account? 565 A Canadian practice are looking to
build a working relationship with a suitable practice in Mauritius
to set up Mauritius companies for their clients trading in India 563 We are a company based in Malaysia
and we have one client in Vietnam which seeking an auditor in Vietnam
to handle their audit for year ended 2003.561 We are distributors of CNC Machinery
to Europe, Middle East & Africa. We install machinery and train
the customer. I want to import a machine from Canada into UK and sell
it in the UK. What UK import taxes do I need to pay and do I charge
VAT on my sale in UK?559 We are in the process of partnering
with a Singapore state-owned trading company for their export platform
Asian markets including China. We do the consulting work for the SMEs
they choose to partner with and be de facto treasury manager for project
financing work they do for clients.557 Our client in Indian Ocean location
has just been served a claim by a British firm in UK Royal Court of
Justice, Queen's Bench Division. Our Client is disputing the claim
and is submitting a counter claim. They wish to appoint a suitable
litigation lawyer who deals with such commercial matters. We would
like introduction to a couple of suitable law firms for our client
to decide.555 We are an accountancy practice based
in Scotland dealing largely with one man Ltd companies. I have an
enquiry for a dutch accountant. One of our clients is contracting
in Holland for a period of twelve months and there is a need to submit
taxation papers to the dutch authorities. The client has registered
with the tax authorities and has received a SOFI number. He does not
have an E101 from the UK. I would welcome a response.553 We are (a country in Europe) a company
intent on investing into the tourism-sector in (country in Africa).
We are already incorporated there and during our forthcoming visit
in January hope to accomplish conditions to start operations in the
following months. We are to be based in (city). As we start with a
rather small organization, we prefer to outsource certain tasks and
duties included in the running of a company: 1) Practical advice,
information and overview of starting, operating and taxation when
operating in (country). 2) Bookkeeping services, payment of statutory
dues, auditing 3) Maintenance of payroll-records, particularly later
on when there is more staff. 4) Legal services on as-needed basis.
If you do offer above services on terms considered reasonable, and
maintain capability to adjust them according to our needs, we would
like to hear from you.551 Would you please urgently forward
us details of a Corporate Service Provider in the Isle of Man?
549 Do you know of or use data base administration
service providers in India? A client is looking for cost effective
ways of data entry and administration. A law practice in Chicago,
USA. 547 I am looking to purchase an existing
business (I have one in mind). I have some capital but need to raise
a bit more via commercial mortgages. If you deal with this type of
thing, please contact me to discuss this further. 545 I am a professional accountant/ auditor
in Malaysia looking for contact in Indonesia to carry on audit or
incorporation of companies.543 UK business to import mobile phones
from China into Europe. Seeks a lawyer specialising in international
trade, to design the contracts to lock in a China manufacturer. Ideally
lawyer with offices in China and UK (London), accessible via phone
and e-mail. 541 I am a proprietor of an audit firm
in Malaysia. I am looking for names and contact numbers of a small/medium
size audit firm in Taiwan for professional services to be rendered
to a company in Taiwan which is associated to my client.539 A new client of mine in Sydney, who
was previously employed by Deutche Bank in London, informed me that
she has some funds in a UK pension product, which she wishes to "roll
into" a proposed Australian complying Superannuation Fund.
Could you please advise the best way to do so?537 Our firm in Edmonton, Canada, acts
on behalf of a mid-sized corporate client who has an opportunity to
expand into Australia. Before doing so, they require specific banking
law advice. Please contact me if you have dealt with Australian counsel,
or if you have any recommendations for an Australian lawyer.535 A real estate lawyer required to
act as local counsel in a land transaction in the Grand Bahamas.533 From S E Asia: Our Client wishes
to incorporate a company in USA for the purpose of owning a brand.
There will be little other activity. Can you let us have the procedure
and requirement of registering a company, the all-in registration
cost and what other on-going annual compliance costs information?531 I received an enquiry in Hong Kong
to seek UK auditors who are qualified to audit a company listed in
AIM board in the UK. The year-end date of the company is 31 December
2002. The company's operations are located in the Mainland China and
Hong Kong.529 A UK accountancy practice has an
enquiry for his client who wants to set up a new business operation
(start up) in Holland. Money transfer, people sending money to relatives
and friends in other countries. To incorporate a new private limited
company (got forms, need guidance). Need to register for money transfer
license with ministry of finance. One director is from UK, another
director from Holland. Need tax planning to minimise tax liability
legitimately.527 First of all, I would like to wish
you a very happy and prosperous Chinese New Year. May the year of
the Ram brings you good luck and fortune. Our client, a group of ex-employees,
is looking for a friendly party to acquire a subsidiary of a public
listed company. The company, a manufacturer, is a leader in electrical
industry. The purchase price (100%) is RM200m (approximately USD52m)
(current FX USD1 = RM3.80).If you have any interested parties, please
do contact me.525 I have a client (private limited
company) who has been developing a motor car fleet management software
system. All development work is complete and they have a number of
potentially large orders in the pipeline. Their problem is the financing
of the fulfillment.
This seems to be an unique opportunity for investors interested in
subscribing for shares within the EIS or Corporate Venturing Scheme.
This small private limited company, incorporated in Oct 2001, was
started by two brothers who have invested their own money into the
business to develop this system.
They have not drawn up a prospectus but have Financial Statements
(not audited). The development costs have been capitalised as research
and development and valued at £114,000.
I understand (although I have not seen proof) a well-known car hire
firms are keen to use this system and the orders/potential orders
are from blue chip companies.
Since incorporation they have invited several small investors, mainly
IT contractors who have been working on the programming, to purchase
shares. Most have. Several of these investors have become directors
of the company. Shares were issued through a Solicitor.
Initially the Company was incorporated with an Authorised share capital
of 1000 £1 ordinary shares of which 2 were issued (fairly normal
up to now!). A year later, they changed the financial year end to
31st March 2003, increased the authorised share capital by 8000 and
sub-divided the share capital to 90,000,000 0.1p ordinary shares.
The new share capital of £90,000 was used to write off a corresponding
amount of the loan made by the brothers to the Company. The investors
mentioned above have bought about 10% of the share capital. Again
this was not done very well (in my view) as the brothers sold the
shares direct to the investors and then re-invested the proceeds into
the Company in a form of a further loan from themselves. As they sold
the shares for about 10 times the face value, I suspect they will
have a substantial capital gain.
My skills in Management Accounting and I was originally approached
to put in an accounting system, set it up, train personnel and monitor
on a quarterly basis. They also asked me to prepare the accounts from
the records they have supplied. After all the transactions mentioned
above, together with a £82k loss for the year, the balance sheet
value is £8k. 523 Our client from an Indian Ocean island
is setting up a new European venture in the seafood industry. We need
to decide where to base it in Europe. The main market for the initial
years shall be France and Italy. We seek proposals about a tax efficient
structure for this new business venture, your professional assistance
and fees.521 A Brazilian company wishes to produce
and export some products made from orange juice, including but not
limited to orange nectar and orange nectar added with apple nectar.
These products will be characterized as natural products, not fermented,
not alcoholic and with no chemical preservative. In order to evaluate
the viability the production of the orange nectar and the orange nectar
added with apple nectar, we would like to know how European tax legislation
classifies these kind of products. There will be any differences based
on the water volume in any product or if the products are frozen exported
in a lower or in a higher temperature? We also would like to know
which are the taxes and their aliquot, in the European territory (probably
they will arrive in Europe by the ports of Belgium or of The Netherlands),
applicable to the orange nectar and the orange nectar added with apple
nectar, when they arrive and during their commercialization in the
European market. Please observe that these products are made and exported
from Brazil. There would be any changes in taxation or in their denomination
if the products were added with sugar from 5% up to 95%? And if their
brix grade were changed? And what about if the products were exported
in different kinds of package as in drums, in pallets, in little cans
in order to be distributed to the final consumer or even in bulk?
In this context, we would ask you to indicate a specialized office
in Europe that could answer our questions. Please, inform us the name
of the person we are supposed to contact, as well as his/hers e-mail,
telephone and fax number. Enquiry: Brazil519 We have a client who will shortly
be taking over some business in the UK. One of the consequences of
this business acquisition is that he will have to employ two people
previously working for another firm, the services of which they are
taking over. As there are considerable complications for an Isle of
Man company having employees in the UK, a way forward for our client
would be to incorporate a UK Company as a subsidiary of its Manx company.
We would then need assistance in dealing with the payroll on a monthly
basis for these two employees. The employees will be based in London,
near Battersea Bridge. Is there anyone in the group able to assist
us with the incorporation of the UK company and the monthly payroll
work. If so, would they please contact me with quotations. Enquiry:
Isle of Man517 A UK resident taxpayer visiting Canada,
fell very ill and ended up in the hospital. He has been under the
care of two specialists for two weeks now. He has had a series of
procedures, CT Scans, Ultrasounds, X rays, blood tests and one operation
under full anesthesia. The cost for all this is nearing $30,000 Cdn.
I am trying to find out if his UK national health care will pick
up the tab or a portion of it. Enquiry: Ontario, Canada515 The Malta Stock Exchange is inviting
local audit firms to tender for the audit of it accounts. Since we
would like to tender for this assignment we would like to know whether
there is anybody or firm within the Affilica organisation who has
audit experience in this area. The closing date for this tender is
22nd November 2002.513 We need to file a few corporate tax
returns for a subsidiary based in the Netherlands. The holding
company is incorporated in Canada. The subsidiary is incorporated
in the Netherlands and traded in the Netherlands. The principal activity
is film industry (movies). No taxable income. Already late for filing
the tax returns for 1999, 2000 & 2001. We seek a professional
to prepare & file these late tax returns." Enquiry: Quebec, Canada511 I have money invested offshore in
Guernsey. I also have a life insurance policy there. If i were to
pass away and my domicile country is Canada, what does my family have
to pay in terms of money as tax on these two investments? Enquiry:
Ontario, Canada 509 My clients are UK food consultants
specialising in poultry. They will be offering consultancy services
but also acting as people sourcing for EEC customers. They are considering
establishing an office in Bangkok. Their UK trade is via Ltd Co, but
we are looking for advice on structure in Thailand. Enquiry: UK507 Central London progressive audit
firm wants to divest their audits but keep accounts, tax and advice
work of those clients. Seek a friendly auditor who will not poach
away their clients. Enquiry: UK 505 Does anyone in Affilica have a contact
in Pakistan who might be able to assist us in running a payroll solution
for Expats and Pakistani residents? Enquiry: Channel Is.
503 I need an Affilica referral for a
sole-practice preferably CA to possibly handle this guy's UK taxes
while I would do his US tax. This is a good fee to split.
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I have lived in London for 7 years now and originally moved over on
an expat-package with a firm I was working for in the States. Since
leaving them, I have had my US and UK taxes prepared by a firm in
London, but the charges have risen steadily so that I am now paying
about £2,000/year. I am looking for a better value service, as I do
not believe my requirements are particularly demanding (apart from
normal expat issues.) Please can you send me some information on your
services with an indication of the fees you charge, and if possible,
whether you have an affiliate in the UK for preparation of UK taxes.
Enquiry: USA 501 I am an independent recruitment consultant
in France with clients in London. I receive Affilica E-Magazine, which
I find of interest and have forwarded it to a number of friends. As
I saw the enquiry from the British currency trader in the Czech Republic,
I thought I would write to you to ask if you could help me? I have
now moved to France 3 months ago. I am currently looking to live in
France but work in London. I therefore need someone appropriate to
advise me on the best way to structure my business and tax.499 I am a small accountancy practice
in (city), UK. I have a client who is carrying out a large amount
of work in France and is therefore required to be registered in France
for TVA. I would be grateful if you could let me know of any
advisers in France who could help with registration and ongoing completion
of returns and advice. I understand there are two rates of tax on
work carried out on properties and need some advice on which rate
needs to be applied. Interested advisers to e-mail with fee quotes.
497 A London firm of accountants has
a Singapore corporate client who carries out joint ventures with a
New Zealand corporate to construct aquariums. Their next two projects
are in Moscow and Tunisia. They require professionals to advise jointly
how their client can:
(a) minimise tax legitimately
(b) avoid the pitfalls of transfer-pricing.495 An experienced UK litigation lawyer
is required to defend accountants accused by a disgruntled departing
client. Includes suing for fees unpaid and breach of contract.493 I seek a friendly auditor for my
Ltd Co clients. Someone who will not poach my clients. I am a sole-practitioner
in south London.491 A central London firm of accountants
seeks a registered auditor to audit their IFA arm, a UK company that
cannot file minimal disclosure accounts. They prepared the accounts
and Corporate Tax Returns but need an independent auditor who can
carry out the audit work to comply with UK regulations.489 We are a UK firm of accountants and
would like to be put in touch with registered auditor within the term
of section 35(1)(a) of the Companies Act, 1989 to sign accountant's
report for a small firm of solicitors that we act for.487 We have a client in UK who wants
to buy residential real estate in the south of Spain. They need professional
assistance including tax planning and legal work. We seek a reputable
professional in Spain who is fluent in English and can assist our
client via our firm, of course on a fee basis.485 Auditor in UK required to audit and
sign Law Society accountant's report for a UK small firm of solicitors.
Accounts available. We seek someone who can work with us and will
not snatch away our client.483 I am British, working in Czech Republic
as a currency trader for a large European bank. I am paid offshore
in Euro. I am not resident in the UK. I am looking for legal ways
to minimise my tax bills. There is no withholding tax in Czech Republic.
seek an appropriate professional to assist me with this.481 A small business in UK was raided
by VAT officers. The issue is whether that business should have registered
for VAT if it exceeded the VAT turnover limit. Their accountant is
looking for a VAT expert to handle the defence work.479 An Ireland resident invested a sum
of money GBP in a Guernsey deposit account 3 years ago. This sum has
earned interest. They are considering bringing this capital into R
of Ireland. Would there be income tax or capital tax implications
in Guernsey, Channel Islands if they were to transfer this sum
to Ireland?477 I am starting a business of selling
Chinese Traditional Medicine Beauty Products. Current I am looking
for a few local wholesaler or distributors. How do I approach the
wholesaler or distributor to be my agent? What should I do about tax,
accounting and company formation? Enquiry: UK475 A subsidiary of a UK holding company
has ceased trading. All balances have been repaid and collected other
than a loan from holding company. What journal entries can be
made to zero down this item so that Companies House can be requested
to terminate this unwanted company. Is engaging a liquidations expert
really necessary? Need assistance to terminate.473 One of my UK client companies has
asked me whether I know somebody who can provide payroll services
in Finland and the Netherlands.471 A London accountant's client company
based in South Africa wishes to supply European countries with a special
soft drink. To legally minimise their tax, they are thinking of using
Dubai duty-free-port as their base and warehouse for their bottles
supplied into Europe. They have a worry about the regional political
stability and security. They seek professional advice about the location.
