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Given that within the European Union there are no withholding taxes on IP royalties between member states, we can suggest a number of countries where royalties are particularly advantageous.
CYPRUS The intellectual property royalties tax regime in Cyprus has changed as a result of the recommendations of the Organization for Economic Co-operation and Development (OECD) Action Report 5 and the Ecofin Council conclusions published on 8 December 2015. Legislation has been changed to limit the companies that can benefit from research and development (R&D) exemptions, but the tax rate in Cyprus is still one of the most favorable in the EU for foreign companies using Cyprus intellectual property want to license -resident companies (intermediaries), where this right is then sub-licensed to the end user. Overall, the effective tax on IP royalty income should be less than 2.5%.
IRELAND In 2015 Ireland introduced an effective corporation tax rate of 6.25% on intellectual property income based on an allowance for research and development costs borne by the company. By linking the two components in this way, Irish law encourages companies to conduct R&D directly within the EU – leading to the creation of intellectual property – while discouraging them from acquiring licenses without directly committing to R&D.
BELGIUM Belgium has introduced a tax system that favors those with income from acquired copyrights. This tax regime can have many different applications and can be used to protect artworks as well as a useful tax break for IT developers. Income from IP rights royalties is taxed at 15%. This income is not taken into account when calculating social security contributions. In addition, these taxes are reduced by 50% for imports due to the application of standard import costs. The first €15,000 that a copyright owner earns in a year is therefore taxed at 7.5%, and the next €15,000 at 11.25%. This tax system applies to people with a total annual income of up to 56,450 euros.
LUXEMBOURG In general, corporate tax in Luxembourg is 29.22%, but for IP licensing income it can be as low as 5.8%. This is due to an 80% corporate income tax exemption. Interestingly, this exemption also applies to companies that have registered a patent for use in connection with their own business, which then calculate a notional net income as if they had received the licensing income.
ITALY Italy is a larger market compared to the other countries discussed and can be a very attractive place for a company to invest in R&D since 2015 companies have been able to deduct intellectual property income from their taxable income base. The tax deduction was set at 30% in 2015, 40% in 2016 and 50% from 2017. Businesses will therefore enjoy a significant tax rebate by reducing their taxable income.
THE NETHERLANDS Since 2010, IP income has been taxed at only 5% in the Netherlands. Except for patents, there is no income limit. Patent holders can actually have access to this tax regime if their share of the expected revenue is between 30% and 70%, taking into account the total combined revenue from patents and other sources. These rates also apply to foreign companies owning intangible assets or companies that have received research and development accreditation from the Dutch Ministry of Economic Affairs if they are owners of software IP or trade secrets. The only other caveat to this favorable tax regime is that it doesn't apply to marketing and branding-related assets.
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Today Canada is the seventh-largest economy. Many companies are owned by private entities, however, the government participate in the health-care system as well as supervises some services, such as public transportation and utility industries. The Canadian economy is quite diverse and quite well-developed.
The biggest part of the Canadian economy is international trade and export. Currently the U.S.A. is Canada’s biggest trade partner. In Canada international trade accounts for nearly 45% of the GDP, considering the fact that free trade agreements between Canada and the U.S. have dramatically increased trade by eliminating custom duties. Despite quite small size of its population, the Canadian economy is currently one of the most blossoming in the world.
Every of the country’s strategic industries are extremely well-developed. Even though the agricultural sector is small, it utilizes advantage of the Canada’s numerous natural resources scattered all around the country. Considering all that Canada is an attractive destination for global businessmen and corporations. Canadian flexible tax legislation provides room for utilization of the holding structures: the country hosts several big holdings.
ATCO group ATCO group is a one of the biggest Canadian holding companies, having big net turnover and assets. Today this corporation employs almost 7 000 specialists of different professions. Holding’s subsidiary companies are diverse, but most of them are in either the gas / electricity or construction industries.
ATCO was founded in 1947, by S. Don Southern who gave a minority stake to his son Ron Southern, under the name Alberta Trailer Hire, renting fifteen utility trailers in the Calgary area.[3] As the company’s operations grew, they also began to sell trailers, first becoming the Alberta Trailer Company, then ATCO. By the early 1960s, the company had operations across North America and in Australia.
In 2004, with the deregulation of the retail energy industry in Alberta, ATCO sold the retail operations of ATCO Gas and ATCO Electric to Direct Energy Marketing Ltd.; ATCO Gas and ATCO Electric still operate as distributors (owning and operating the infrastructure that delivers natural gas or electricity in its service territories) but are no longer in the retail market. As part of the sale to DEML, DEML contracted call center and billing services from ATCO I-Tek.
DRI Capital DRI Capital Inc. is a local Toronto-based Canadian healthcare royalty fund manager, a kind of private fund. Holding company’s scope of duties includes purchasing robust and predictable royalty streams from already existing pharmaceutical medicine, thus, providing constant profit to the investors.
The holding was established back in year 1992. During first year of conducting business activity it quickly went public on the Toronto Stock Exchange and acquired a royalty interest in the innovative British biotechnology development company.
Great-West Lifeco Great-West Lifeco is mostly an insurance oriented Canadian holding company, operating on the territory of North America, Europe and Asia using 5 local subsidiaries around the world. Most of the businesses Great-West Lifeco has indirect control over are part of its largest subsidiary: The Great-West Life Assurance Company; the rest are supervised by the located in the United States subsidiary branch.
Onex Corporation Onex Corporation is a private owned equity investment company and holding structure located not far from Toronto, Ontario, Canada. In year 2016, the company had estimated $22 billion worth of net assets under its management. The company is headquartered in the Brookfield Place, Toronto, with several branches in New York City, New Jersey, and London.
The firm invests in a wide array of industries. Onex Corporation previously has demonstrated a specific interest in acquiring equity shares of the high-cost manufacturing industry companies and subsequently turning them into cheap, low cost suppliers.
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In Belarus, the form of government is a presidential republic. In Belarus, legislative power rests with a national assembly. Prime Minister is Alexander Lukashenko. A country's governmental structure determines the way laws are written, passed and interpreted. The type of government determines the way elections are held as well as the country's system of policing its citizens. The term of office of the head of state in Belarus lasts until January 1, 2020. The term of office of a head of state has a direct impact on the power and influence of the leadership position. A longer term gives the head of state more authority. The term of office of the head of state in Belarus lasts until January 1st, 2020. The length of a head of state's tenure has a direct bearing on the power and influence of the leadership position. A longer term gives the head of state more authority. The Global Peace Index (GPI) for Belarus is 2.163. Strength of Legal Rights Index for Belarus is 2. Overall, it is considered rather weak – bankruptcy and collateral laws fail to protect borrowers' and lenders' rights in case of credit-related complications; Credit information is scarce, if any, and difficult to access. In 2013, Belarus received $103.2 million in foreign aid. In 2014, foreign aid was $125.8.
Government Alexander Lukashenko is Prime Minister in Belarus. The system of government of Belarus is a presidential republic. In Belarus, legislative power rests with a national assembly; It is a bicameral legislative body and thus a bicameral National Assembly. According to the World Bank Group, the government effectiveness index of Belarus is -0.5. This suggests that the government of Belarus is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully assess the government situation in Belarus before considering any business maneuvers.
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Trendy enterprise requires specialised, skilled workers with a excessive stage of accountability and particular experience in sure areas. It requires entry to steady professional growth that deepens workers’ data, as most individuals as we speak dwell in a really quickly altering setting. Due to this fact, in an effort to discover the proper folks for the proper job, it’s essential to undergo each single part of the hiring course of, reminiscent of planning, recruiting and deciding on workers.
The recruiting part consists of implementing sure strategies and methods that an organization makes use of find candidates for employment. This implies researching potential workers utilizing inside and exterior sources, sifting via the purposes obtained based on suitability and suitability and shortlisting them, and having potential workers assessed by skilled recruiters.
The strategies and methods for use should be legitimate and acceptable to make sure an efficient recruiting course of. Because of this, there are particular assets which might be required to hold out this course of. Crucial factor is to delegate the duty to competent HR and recruiting specialists who can assess whether or not a candidate has the proper abilities and {qualifications} to achieve success within the place. In addition they must know the place to search for the proper candidates for vacancies and appeal to appropriate and unsuitable candidates.
Which means that recruiters ought to have the ability to perceive the market and thus know what an acceptable candidate appears like. For that reason, the only option for a world firm is to rent native professionals who know the market and might simply establish the proper candidates for the vacancies.
Native recruitment corporations normally have background data of what native workers are providing. Appearing as unbiased enterprise items, third-party corporations relieve the managers, managing administrators and different workers of the shopper firm from extra work on the expense of their common duties and day by day duties. Since the most effective outcomes come from being targeted on one factor at full capability, it’s doubtless {that a} skilled third-party firm will appeal to the most effective expertise extra efficiently than the corporate’s executives.
Now that outsourcing has turn into an possibility in a wider vary of hiring methods, some corporations are utilizing it to purchase time and guarantee a extra responsive strategy to buyer wants. Native exterior service suppliers could be of nice assist to inside workers, particularly due to the time saved in managing and finishing up the recruitment course of.
Native recruitment corporations can supply extra participating and handy recruiting processes by following up candidates, understanding the place sought and rushing up the hiring course of. Because of the current background data, it isn’t essential to coach or particularly practice workers in an effort to put together them for such a accountable activity with long-term penalties for the corporate. Native recruiters are additionally prone to keep away from the same old pitfalls of the recruiting course of.
Native recruiters can simply discover a frequent language with potential candidates within the native job market, discover a simple option to attain and join with them, and assist the corporate keep up a correspondence and keep up a correspondence with them by they maintain them knowledgeable all through the recruitment course of. This makes the recruiting course of more practical, methodical and arranged – i.e. smoother and extra personalised when it comes to the approaches used – which results in a number of workers who will do the most effective of their job sooner or later.
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In Palau, the form of government is a unitary constitutional presidential republic in a non-partisan democracy. In Palau, legislative power rests with a national congress. Prime Minister is Tommy Remengesau. A country's governmental structure determines the way laws are written, approved, and interpreted. The type of government determines the way elections are held as well as the country's system of policing its citizens. The term of office of the head of state in Palau lasts until January 1, 2020. The length of a head of state's term of office directly affects the power and influence of the executive branch. A longer term gives the head of state more authority. The term of office of the head of state in Palau lasts until January 1st, 2020. The length of a head of state's tenure directly affects the power and influence of the executive branch. A longer term gives the head of state more authority. The Index of Strength of Legal Rights for Palau is 10. Overall it is considered quite strong – bankruptcy and collateral laws can protect the rights of borrowers and lenders quite well; Credit information is plentiful and easily accessible. In 2013, Palau received US$15 million in foreign aid. In 2014, foreign aid was $28.2.
Government Prime Minister in Palau is Tommy Remengesau. Palau's system of government is a unitary constitutional presidential republic under a non-partisan democracy. In Palau, legislative power rests with a national congress; This is a bicameral legislature and therefore a bicameral National Congress. According to the World Bank Group, Palau's Government Effectiveness Index is -0.6. This suggests that the Palau government is ineffective. Public and civil services are severely affected, leading to potential for social and political upheaval.
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Bank introduction, as the name suggests, is the process of introducing prospective customers to the most suitable bank for their needs. The aim is to support the customer and increase his chances of finding a suitable bank account. Therefore, it is important to understand which bank is the most suitable service provider for the customer by knowing their business profile, financial standing or personal background, as well as personal needs and preferences. Some banks require a significant minimum account balance, others prefer active business customers or start-ups. Some banks cater to the needs of wealthy clients and offer a range of wealth management, private banking and investment services.
The main activities of bank introduction agents are:
Analyzing and understanding the needs and preferences of the customer and their business Recommendation of a bank that best suits the client's needs Providing the client with all the necessary application forms, contracts and other documents and assisting them to fill them out correctly Assessing whether the client has successfully completed all due diligence checks to the satisfaction of the bank's compliance officers, as well as advising on anything that might be required for a smooth application process Arranging a meeting between the client and the bank's customer service manager, if required, before opening an account, or arranging for the secure delivery of documents to the bank if a physical meeting is not required
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nfidus Solutions list of banks in Germany contains 13 banks.
You have several options for bank account opening in each one of the banks listed below.
Select a bank DZ Bank Commerzbank Credit for Reconstruction Deutsche Bank UniCredit Bank HSBC Bank Evangelische Bank Edekabank HSH Nordbank ING-DiBa LIGA Bank SEB Bank Bank NORD