The structures which we recommend would depend upon the client's needs and type of business or investment activity.
The main trading or asset holding vehicle would normally be a company incorporated in a suitable jurisdiction such as The Seychelles or Delaware and the ownership thereof would be held by a nominee company or by a trust or foundation.
An example of a structure could be a Seychelles company administered from Gibraltar or Morocco and owned by an offshore corporate nominee with a bank account in Morocco or Northern Cyprus.
We must emphasise that the most important consideration is the management of the entity and not its legal jurisdiction as the test on taxability is where the entity is controlled and executes its business, regardless as to where it was created.
MOROCCO
It is now possible to incorporate a Moroccan Tax Exempt company. A 15 year Tax Exemption Certificate is granted for companies formed outside the Tangier Fee Zone and a 5 year certificate is granted for those companies formed within the Tangier Free Zone.
The Tangier free zone is suitable for those companies wishing to import goods from other parts of the world into Europe, USA and the Middle-East being firstly delivered to the Tangier Free Zone. The goods then need to be modified or fabricated for onward export to these countries.
There is no import duty on the arrival of the goods into the Freeport nor is there any duty charged on re-exportation. If the goods are re-exported to an E.U. country, USA or the Middle-East, there is no import duty chargeable at the point of import therein.
Our services are suitable for most business and investment situations.
Our clients’ needs vary and after a consultation we are able to produce a programme to suit individual circumstances.
We charge an initial fee of £1,000 for full guidance and implementation of the right structure including the preparation of all documentation necessary for the opening of a bank account.
Our management charges are normally from £125 to £1,000 per month, depending upon the nature and degree of activity for each entity.
Our representatives are normally available for consultations in Gibraltar, Spain, U.K. and elsewhere by arrangement.
For an initial free and confidential consultation, please contact our office.
Fees of lawyers and company agents are charged at cost. |
