Suprema Lex renders a full range of services concerning incorporation and maintenance of foreign companies and foreign bank account opening.

We are often asked where it is better to incorporate a company. There is no general answer to this question. All depends on the client's objectives and their personal and business circumstances.

Choice of jurisdiction hardly depends on geographical factors because location of doing business very seldom determines the country of incorporation.

We offer you both industrialized countries where taxes are paid and many aspects of companies' activities are brought under regulations, and low-tax countries. Foreign companies incorporated in such jurisdictions are called on-shore companies and/or low-tax companies, respectively. Those will serve the purpose if your priorities are political and economic security, as well as respectability of your company.

Specialists of our company will register foreign company for you and provide you with a full range of services concerning annual maintenance of the company. We will assist you in making sense all of the nuances of working with a foreign company. If you need our advice concerning the most effective use of the foreign company in your business structure we shall gladly advice you on this matter.

Funds and trusts are one of the multi-purpose tools enabling assets security. Moreover they provide for a different way of disposal of property by inheritance besides traditional will. Establishment of funds and trusts is based on the principle of strict confidentiality.

There are fundamental differences between these two legal forms. The main difference is that trusts are accepted only in common law. Civil law in several countries does not recognize trusts wherefrom frequent problems arise when considering tax, inheritance and credit relations issues.

Funds are recognized by common law. As distinct from trust, fund is a separate legal entity operating in its own name.

It's our pleasure to consult you and assist in deciding on the correct, sustainable and confidential protection of your assets.

The redomiciliation is not as scary as it is imagined.

When living conditions are changing and it becomes impossible to exist, usually only one decision is made – to move. And now, after rigorous changes in laws of BVI, many companies have decided to change their place of residence. There are a lot of options to move, for example: Seychelles, Cyprus and Malta.

The best thing about this move is that we will do everything for you. We will make the necessary changes in the registers of both countries, we will "order movers" and move everything by ourselves.

And you will only have to pick up the documents, to inform friends: banks, contractors, etc. and then continue to enjoy life in another country.

On the territory of foreign states there are special licensed companies which are authorized to the following: incorporate legal entities, pay up all necessary state duties, submit documents to the register of companies and obtain them, etc. Such company is a registered agent of an incorporated legal entity.

As a rule, registered agent and company's owner communicate through a qualified manager-administrator.

If you are an owner of a foreign company and you are not satisfied with quality, maintenance cost or qualification of administrators, there is a possibility to transfer the company under our administration and/or to change the registered agent.

Tax authorities divide registration of changes into two types:

• Registration of changes connected to modifications of legal entity's incorporation documents;
• Registration of changes not connected to modifications of legal entity's incorporation documents.

Registration of changes connected to modifications of legal entity's incorporation documents covers the following:

• change of registered address;
• changes in the number of company's members;
• changes connected to increase/reduction of share capital;
• changes of types of economic activity;
• change of the company's name;
• other changes modifying Articles of Association.

Registration of changes not connected to modifications of company's incorporation documents means changes not modifying Articles of Association but those which tax authorities should be notified of (for instance, change of company's executive body).

In current situation of recurrent crises and other financial shocks, one of the most common reasons for the liquidation of companies became their bankruptcy. The legal aspect of this concept is that as a result of the inability to pay off debts, business entities or creditors themselves initiate the appropriate procedure.

Bankruptcy is a very convenient legal mechanism by which business entities can resolve most issues in favor of the liquidated company. The result of such a procedure may be the reorganization or liquidation of the enterprise (in other words, the continuation of work or termination of the legal entity).

Opening of a bank account is a very important stage in company's operation that requires a considered approach.

To adopt a correct decision in favor of one or another bank it's necessary to define the purposes you need to open the account for. Here it should be noted that it's not essential to open the account in a bank of the country of incorporation.

Criteria of bank selection:

• security and prestige;
• correspondence of the bank's profile to specific nature of proposed account movements;
• ease of account management;
• confidentiality of information;
• maintenance cost and amount of minimum deposit;
• interest on account;
• bank location.

For instance, if you need a current account to perform commercial operations it's important that the foreign account is manageable and the bank has a good record among your partners. If you are aimed at accumulation of funds, you need a large sustainable bank in a jurisdiction with steady economic environment.

Currently nearly all banks require quite a detailed acquaintance with the client that implies submission of not only a passport copy but also, for instance, bank and local partners' references. Many European banks open accounts only upon client's personal visit.

Bank individually checks each new client. Nevertheless it's entirely possible to open an account in first rate banks of Europe and America. We can also assist in opening of an investment account including in the best Swiss banks.

Suprema Lex is an agent of more than 20 foreign banks and is authorized to open accounts and certify documents. We work only with sustainable banks of unassailable reputation.

Some countries require incorporated companies to maintain accounting records, prepare annual financial statements and submit prepared reports to tax authorities. Recently, it has become a common practice to provide management reports upon the request of the bank – it is necessary even for companies that under the laws of the country of registration are not required to maintain accounting records and submit reports.

Our company in cooperation with professional accountants and auditors is ready to render you services such as:

• Preparation of complete accounting report based on the current legislation;
• Management report and bookkeeping;
• Management accounts for banks;
• Calculation of corporate and other taxes, submission of tax returns;
• Accounting services;
• Preparation and submission of financial reports, audit, etc.

The range of services rendered by our company includes incorporation of tax-free companies or so-called offshore companies. The number of such jurisdictions in the world is about 50 and we are ready to consult you closely on each of them. We shall help you to register business in almost any country of the world. These services are rendered by highly qualified specialists: jurists and international accountants.

For your company to operate successfully in international market, your business will need complex juristic and accounting services. Our company is ready to render these services as well. Above all we shall see to operation of the offshore companies established by you in accordance with statute of the country of incorporation and international law.

Occasionally adoption of a correct decision in relations with foreign counterparties requires expert advice of a jurist specializing in international and/or foreign law. Our officers are ready to help you find a way out of the most tangled situations and provide you with an effective and expert legal opinion.

There being some specific issues concerning foreign taxation and law we are ready to engage our jurist partners and tax advisers in discussion thereof.

Individual tax planning is currently gaining momentum. The main goal is to preserve the savings of people. Our lawyers will help you decide on the choice of tax residency and develop a full range of measures aimed at preserving assets.

Since many banks require provision of tax number during the process of account opening, it's our pleasure to help you to obtain such a number. For example, from the beginning of August 2019, any Seychelles IBC (International Business Company) can receive a tax number - TIN (Tax Identification Number).

To obtain this number you need to comply with only two requirements:

• company have to be in good legal standing and have the certificate confirming it;
• the financial documents (originals or copies) of the company must be kept in Seychelles at the company's legal address.

Previously, TIN could be received only by companies operating on the territory of Seychelles. Now there is no such requirement.

We would also like to draw your attention to the fact that if the company does not operate on the territory of the Republic of Seychelles, the TIN will not entail any tax liabilities.

Traditionally, all companies prefer to work under their own brand. It is important that this brand is well protected. And this protection is sometimes necessary not only in the Russian Federation, but also around the world.

Our company in collaboration with our partners – foreign patent attorneys will help you register a trademark worldwide.

In case you need due diligence of a new business partner, assess its current legal status we may help you to obtain information contained in official public registers of foreign states.

It is possible to obtain the following documents:

• extract from companies' commercial register;
• company's profile report;
• copies of legal entity's incorporation documents;
• Certificate of Good Standing.

If you need legalization of the abovementioned documents, we can arrange that.

Experience has proven that, it is not enough to be able to read the laws, it is important to apply them correctly. In our company you can always get advice on various areas of law both in the Russian Federation and abroad. We are always ready to help you prepare the necessary documents: complaints, claims, contracts, etc.

All our consultations are based on the principle of legality. Also, one of our fundamental principles is confidentiality.

Suprema Lex provides services for the representation in court.

Our lawyers can represent your interests both in a court of general jurisdiction and in an Arbitration court, and at any stage of the process.

If you have a dispute that cannot be resolved in a pre-trial order, it is very important that your interests are represented by a lawyer who has experience in judicial practice in conducting similar cases, as well as the opportunity to help you resolve the dispute in your favor.

We provide assistance in the consideration of such cases as:

• legal entities litigations (Arbitration), including debt enforcement, disputes over contracts of work and labour, supplies, services, purchase and sale.

• Bankruptcy of individuals and legal entities;

• Labor disputes;

• Family disputes: divorces, determination of the child's place of residence, determination of the order of communication with the child, division of property, alimony;

• Protection of consumer's rights litigations, including with medical organizations, as well as organizations providing travel and transportation services;

• and other categories of cases.

Our lawyers have long experience in resolving of litigations, and will be able to provide you with qualified legal assistance.

Our specialists will give you professional advice on succession planning and protection of your assets.

The issue of inheritance should be resolved as soon as possible, thus ensuring the protection of your assets and the successful generational bridge, without disputes and on your terms. We will be happy to advise you on this issue, provide sensitive support and carefully plan all the details of the process.

Our service:

• Inheritance planning
• Planning the process of transferring property to heirs
• Registration of inheritance
• Planning for tax optimization

Second citizenship is a reliable means for solving problems of the whole family, as you become full-fledged citizens of the chosen state and are protected thereby. Your assets, monetary funds and business will be under protection as well.

Moreover, it is a unique possibility of life with a different scenario where you can choose, compare, change and make your life better. Having become a citizen of two countries, you can take advantage of both states and obtain a right to live, work, study and social benefits.

Second passport or residence permit in one of the chosen states give freedom of visa-free travel through different countries, including Schengen member states.

We offer you to get residence permit in such countries as Cyprus, Portugal, Malta, Greece, France, Italy. We can arrange a procedure of getting a second passport in Cyprus, Malta, in the Caribbean countries.

If you are an owner of waterborne transport and do not know in which state it is better to register a yacht or a vessel we may offer you the best jurisdiction having both preferential treatment and legislation suitable in each particular case.