Why Morocco?

The Government of the Kingdom of Morocco has committed, for a few years, to the liberalization of its economy. Investment procedures in the country have been simplified to encourage more entrepreneurship in the region. New laws have been passed to increase the growth of local and foreign private companies. The Moroccan government has also signed free trade agreements with several partners, including the European Union, the United States of America, Turkey, as well as the Arab and Mediterranean countries.

Moroccan authorities have been successful in attracting a relatively consistent flow of foreign capital, mainly relying on the national privatisation programme, the conversion of foreign debt into investments and the operations of public services concessions. Other sectors have been dominated by foreign investment, including banking, tourism, energy and industry. However, the level of FDI remains modest and could make a stronger contribution to the economic take-off. The country has also been pursuing a policy of foreign investment, which is mainly targeting the countries of sub-Saharan Africa.

Setting up a business

Creating a company in Morocco is not complex, depending on the choice of business entity, the most common company type in Morocco is a LLC (SARL). There are three types of business forms available to foreign companies in Morocco. Each of these business forms has distinct advantages and disadvantages, as well as differing scope of business activities, registration requirements and minimum capital requirements. In most cases it will depend on the degree of commitment a company has to Morocco and the planned business activity.

Morocco taxes corporate income on a territorial basis. it applies a progressive income tax, which ranges from 10% to 31%. The overall complexity of the tax system is low. This is measured by average time to comply with a country’s labor tax requirements is as it is 42hours.

Thin capitalization restrictions are not in effect. This refers to any sort of restrictions on given company with respect todebt-to-asset ratios. Dividends received from resident entities must be included in business profits, but the dividends are 100% deductible in the computation of taxable income. Dividends received from foreign subsidiaries are not subject to taxation. A dividend is a distribution of a portion of an earnings of the business, decided by the board of directors, to a class of its shareholders. Dividends can be issued as shares of stock, cash payments, or other property. Capital Gains are subject to corporate income tax at normal rates. A capital gains tax is levied on the profits that a corporation or natural person realizes when they sell sells a capital asset for a price that is higher than the purchase price.

Living in Morocco

Morocco is rising quickly as a top tourist destination worldwide, and an even better place to live abroad in. Its political stability and safety set it apart from many of its neighbors, and yet it still offers a more-than-reasonable cost of living which is extremely affordable. The food is incredible and cheap.

Every industry has its own challenges and opportunities and it takes expert market knowledge to pinpoint the right entry points for your venture. If you want to set-up a business, buy a company, live, study, get retired, buy a property or invest in Morocco. Please, contact us.


Why Dubai?

The economy in Dubai is moving forward at a rapid pace. This offers many opportunities, especially for entrepreneurs and professionals. All kinds of services are needed. Most of the goods available in Dubai have been imported. As a young country, the UAE it is still struggling to establish efficient operations in many segments of industry and relies on expats to provide this expertise.

There exists a never-ending list of services, goods and expertise needed in Dubai and the UAE. There are numerous ‘Free Zones’ for various industry segments that will help a new business get started, such as Media City, Healthcare City, Knowledge Village and the Dubai International Financial Centre.


Setting up a business

Setting up a business or buying a going concern can be complex. The Dubai government offers different types of business models to be chosen from by foreign investors, such as direct sale, commercial agency arrangements, branch or representative office, limited liability company and special free zone investment.

Corporate law in Dubai is similar to that in western countries, in that businesses can be run as limited liability operations, private companies or other types of concern.

The establishment of small businesses is the key to Dubai’s future growth and although licensing and registration is complex and requires a substantial amount of start-up capital, Dubai offers business people an operating environment that is amongst the most liberal and attractive in the Middle East region.

Living in Dubai

English is a common language in Dubai, and spoken and understood by most people in the emirate. People are generally very friendly and eager to make new friends and, since it’s an international city, expats will have the opportunity to make friends from all over the world.

The plethora of fast-food franchises means it’s possible to get foods that are familiar. Expats can get anything delivered at almost any time, including food, groceries, dry cleaning and office supplies. Friday brunch is a popular activity for expats, with every hotel and restaurant offering delicious arrays of food and drink to patrons.

Dubai is a fun city that caters to the young. Nightlife is lively but doesn’t start until after 9pm and goes on to the wee hours. Big-name entertainment and parties are advertised all the time.

Every industry has its own challenges and opportunities and it takes expert market knowledge to pinpoint the right entry points for your venture. If you want to set-up a business, buy a company, live, study, get retired, buy a property or invest in Dubai. Please, contact us.

Equatorial Guinea

Why Equatorial Guinea?

The oil and gas industry has transformed the economy of Equatorial Guinea, a small Central African country with a population of less than 1m people. Oil was discovered in the mid-nineties, and since then Equatorial Guinea has transformed itself from a mainly agricultural economy into sub-Saharan Africa’s third largest crude oil producer, behind Nigeria and Angola.

The construction sector, dominated by Chinese companies, is also seeing significant activity. One of the biggest misconceptions about Equatorial Guinea is that the country has no infrastructure. First time visitors will be surprised when they see the many paved roads and construction projects going on.

Oyala will be the new capital city and it is one of Equatorial Guinea’s most high-profile infrastructure projects, it is being built. Like Brazil’s capital Brasília or Nigeria’s seat of government Abuja, Oyala is a planned city being built entirely from scratch. Oyala will replace the current capital of Malabo, which is situated on the island of Bioko off the coast from the mainland.

This project is creating significant opportunities for construction companies and building material suppliers.

Oyala will feature government administration buildings, a university, a five-star hotel and a conference centre. New highways have already been built in the city that is expected to eventually house 200,000 people.

Setting up a business

The process of creating a company in Equatorial Guinea is similar as in other European Countries, the most common types of business entity is a limited liability company known as a SARL (Sociétè à Responsabilité Limitée), at least 1 director and 1 shareholder are needed to create a SARL, of any nationality. The minimum paid-up share capital required is EUR 2.000. but you can also opt to set-up a public limited company or a branch office.

Another type of business entity is a public limited company (Société anonyme – SA), EUR 20.000 are required as the minimum paid-up share capital and at least 1 shareholder and 3 directors of any nationality.

Corporate tax in Equatorial Guinea is high 35% on all corporate profits.

Every industry has its own challenges and opportunities and it takes expert market knowledge to pinpoint the right entry points for your venture. If you want to set-up a business, buy a company, buy a property or invest in Equatorial Guinea. Please, contact us.


Why Germany?

Germany is the economic locomotive of Europe. The country has a population of about 82 million people and a world-class infrastructure. Germany is centrally located offering convenient access to over 500 million of the EU consumers.

Germany had long been tipped as the rising star of European real estate and now seems to have finally come into its own. “European investors, particularly those from Southern Europe, are still drawn to London, but are also turning to Germany: if you are looking for a safe haven in the event of a Eurozone dissolution, Germany is a major country to invest.

The German economy is heavily oriented towards manufacturing and exports and German companies lead the world in many industries such as automobile, mechanical engineering, electrical engineering and chemicals.

Setting up a business

Germany is home to tens of thousands of businesses ranging from small sole proprietorships to large conglomerates. In fact, a large part of the reason for the prominence of Germany’s economy on the world stage can be linked to the small and medium sized businesses of the Mittelstand. The German government is very open to the establishment of all types of businesses – regardless of whether or not it involves a German or a foreigner.

Regarding the choice of entity, just one person is sufficient to set-up Gesellschaft mit beschränkter Haftung (GmbH) (Limited liability company). This is by far the most widespread company form. Under it shareholders are not personally responsible for the company’s debts.

Aktiengesellschaft (AG) (Joint stock company, corporation). In order to set up one of these there must be at least five members. The minimum required share capital is €50,000, and these shares are the only ones that may be (but need not be) listed on the stock exchanges. Articles of association, authenticated by a court or notary, are initially required to set up an AG, and it only becomes a legal entity when it has been entered in the Commercial Register. The name of the AG is usually taken from the purpose of the enterprise and it must show the words “Aktiengesellschaft (AG).”

An AG must have a managing board (Vorstand), empowered to decide all matters relating to the operation of the business and appointed by and answerable to the supervisory board (Aufsichtsrat). The shareholders of an AG exercise their power to control its policies at regularly scheduled general meetings (Hauptversammlungen).

Offene Handelsgesellschaft (OHG) (General partnership). In contrast to the GmbH and AG, the partners in an OHG have unlimited liability. Every partner in the company is legally obliged to participate actively in operating the business unless the partnership agreement (Gesellschaftsvertrag) provides otherwise. The OHG is an association that can sue or be sued in a court of law. The Commercial Code provides that decisions should be made unanimously for internal matters, but partnership agreements usually allow for decisions by a majority of votes.

Kommanditgesellschaft (KG) (Limited partnership). This is basically a partnership but also provides for a limitation of liability by having two types of partners: 1) the general partner (Komplementär), who has an unlimited liability extending to his or her personal assets, and 2) the limited partner (Kommanditist) whose liability extends only to his or her nominal holdings in the firm.

GmbH & Co. KG (Limited partnership with a limited liability company as general partner). This combines a limited liability company with a limited partnership by making the former the sole general partner of the latter. The limited partners are, as in the case of all KGs, only liable to the extent of their registered holdings.

Töchtergesellschaft (Subsidiary). A non-independent company physically separated from the parent company, and to a certain degree independent. It usually has its own management, accounting system, balance sheet procedure and business assets.

Zweigniederlassung (Branch). This is more of a non-independent sales center, dependent in every respect on the head office, which also is in charge of central administration.

The distinction between a subsidiary and a branch office is important, as it determines whether an entry must be made in the Commercial Register. The distinction is also important in determining whether a place of business exists within the meaning of German tax law.

Living in Germany

In comparison with other countries within the Western world, Germany is pretty cheap to live in.  Life is quite busy in Germany as in any other place. But in general, there is peace and quiet anywhere you go. 

Regarding Education, it is well ordered in Germany. It is high quality, and it is free.

Every industry has its own challenges and opportunities and it takes expert market knowledge to pinpoint the right entry points for your venture. If you want to set-up a business, buy a company, live, study, get retired, buy a property or invest in Germany. Please, contact us.


Why Denmark?

Denmark is one of the easiest places in the world to do business. In Denmark, it takes only a few hours to set up a company with the Danish Business Authority, no need of notaries. All corporate registrations can be in place and the company ready to do business from one day to the next. If you are a Nordic or EU/EEA citizen, you can start your own business in Denmark. If you are a citizen from outside the Nordic countries, EU/EEA and Switzerland, you have to apply for a residence and work permit in order to be self-employed and/or operate an independent company in Denmark.

Denmark is leading the list of the world’s least corrupt countries and it is among the most transparent markets in Europe and worldwide. The transparent Danish market provides the investor with a secure and low risk environment for foreign direct investment.

Investments in Denmark are conducted in a market which benefits from a highly transparent and stable legal and regulatory framework coupled with a simple transaction process.

The main characteristics of this country are:

  • Geography and economy:

    Denmark is a relatively small country with a population of cca 5,748,856 inhabitants. There is only one terrestrial border – with Germany, the rest of the country is surrounded by seas. Denmark’s territory includes a peninsula (Jutland) and cca 527 small islands connected by numerous bridges with a spectacular architecture and ferry-boat lines, a very well organized and comfortable transportation service, specific to Denmark and to other Scandinavian countries.

    Danish economy is based on small and medium-size companies and in the most typical organizational structure there is only one owner who often is both investor and manager. A very popular product category in Denmark seems to be food & beverages products. Danes love and prefer local products which are also researched world wide for their recognized qualities. It is relevant that a small country as Denmark is the 5th exporting country in the world for this category and the food sector seems to be the most developed branch of industry.

    But the most important sector of the economy is the services which is relatively similar to the rest of the Western countries. The main services categories are: tourism, naval transport, insurances, software, banking, entertainment, cleaning and maintenance.

  • High salaries and high tax payment:

    The average salary is of around EUR 2900 after tax. The average tax payment is of around 36%.

    37 hours of work per week.

  • Danish flexicurity
    Thanks to Denmark’s well established government investing in social welfare, the country has one of the most flexible hiring and firing legislation in the world, as well as one of the best public sector services in the world. Moreover, the high quality of life, expressed in Denmark being voted the happiest country in the world, coupled with competitive salaries for management positions, are further incentives to open a company in Denmark.
  • Foreign investment
    The Danish foreign policy leans towards reduction of trade barriers and foreign investment is highly encouraged in Denmark. It is considered to be one of the least discriminative and open of policies among all European countries by the Organization of Economic Co-operation and Development (OECD). As such, foreign investors have the same rights as domestic ones.

Setting up a business

Creating a company in Denmark is not expensive, depending on the choice of business entity, a minimum share capital amounts is required (EUR 6.710 for an ApS and EUR 67.100 for an A/S). The share capital is not regarded as a cost and is not blocked, but may instead be used as part of the operating capital.

The Danish tax system (SKAT) is modern and progressive. This means that the higher your income, the more taxes you have to pay. In many other countries citizens pay less tax than in Denmark, but in return they have to pay to go to school, to the hospital, the doctor’s, etc. Denmark has its own Minister of Taxation, Ministry of Taxation and its own taxation laws. SKAT will automatically receive most of the information required to determine the tax for most tax payers.

Living in Denmark

Living in a country like Denmark where the standard of living is generally very high and people feel happy and safe will most certainly make the process of moving to another country easier.

Denmark has well-functioning infrastructure, a strong educational system and rich cultural life that can make living in Denmark a good experience for you and the family you may want to bring.

Every industry has its own challenges and opportunities and it takes expert market knowledge to pinpoint the right entry points for your venture. If you want to set-up a business, buy a company, live, study, get retired, buy a property or invest in Denmark. Please, contact us.


Why Spain?

Spain is in an outstanding position worldwide in terms of the importance of its economy: the 14th largest economy in the world by GDP, the 13th country most attractive for foreign direct investment (FDI), the 14th largest issuer of FDI and the 11th largest exporter of commercial services.

Spain has a modern economy based on knowledge, in which services represent almost 75% of business activity. It is an international center for innovation that benefits from a young and highly qualified population of a proactive nature, and competitive costs in the context of Western Europe, especially as regards graduate and post-graduate employees.

The country has worked hard to equip itself with state of the art infrastructures capable of fostering the future growth of the economy. And this has been done alongside a major commitment to R&D.

There are interesting business opportunities for foreign investors in Spain in high value-added and strategic fields such as the ICT, renewable energy, biotechnology, environment, aerospace and automotive sectors, because of the attractive competitive environment.

In addition, companies that set up business in Spain can gain access not only to the Spanish national market, an attractively large market (more than 46 million consumers) with a high purchasing power, but also to the markets of the EMEA region (Europe, Middle East and North Africa), and Latin America, given its privileged geostrategic position, prestige and the strong presence of Spanish companies in these regions.

The main characteristics of this country are:

  • Geography, quality of life, climate and living conditions:

    The weather in the northern coastal region (looking onto the Atlantic and the Bay of Biscay) is mild and generally rainy throughout the year, with temperatures neither very low in the winter nor very high in the summer. The climate on the Mediterranean coastline, including the Balearic Islands, Ceuta and Melilla, is mild in the winter and hot and dry in the summer.

    Spain is well known, among other things, for its excellent quality of life, the open-minded character of its people and the wealth of opportunities on offer, both in the fields of education and culture and in the worlds of sport and leisure.

    Spain has a wide range of public and private hospitals and a buoyant housing market. All of which, when combined with the assurance provided by a system of law enforcement that works, make Spain an ideal country in which to live and work.

    It comes as no surprise that Spain has been ranked among the top world list of tourist destinations, not only in terms of visitor numbers but also in terms of revenues generated.

    Spain has an excellent quality of life and is very open to foreigners. Almost 8,000 kilometers of coastline, abundant sporting facilities and events and social opportunities are crowned by the diversity of the country’s cultural heritage as a crossroads of civilizations.

  • Competitive salaries:

    Between 25% and 30% cheaper than the average of the eurozone.

    40 hours of work per week.

  • Favourable Legislation on patents and trademarks
    Spain has a modern and appropriate legislation to the times, as far as patents, trademarks and industrial designs.
    Spain is, for example, the second country in the world with more renewable energy patents per capita, ahead of economies like the United States, and in some areas that are world leaders in the receipt of technology patents, as in innovation in the field of solar energy.
  • Great tourist and cultural power
    Nearly 80 million tourists visit Spain each year. This not only become a major economic engine, with tens of billions of euros in income that make the world’s second country with most income from this source (only behind the United States) but also generates enormous prestige thank to the cultural and tourist potential that represents.

Setting up a business

The types of business entities available are in keeping with those existing in other OECD countries and there is also a wide range of possibilities capable of meeting the needs of the different types of investor who wish to invest in or from Spain. It is also worth noting that foreign investment restrictions and exchange controls have been virtually eliminated in line with the EU legislation on deregulation in this area.

The Spanish tax system is modern and pro-business. The tax burden in Spain (i.e. tax and social security contributions as a percentage of GDP) is almost seven points lower than the average ratio in neighboring countries (EU-27).

With a view to fostering investment, employment, competitiveness and economic growth, the Spanish State and Spain’s other public authorities have been developing and consolidating a wide and complete range of aid instruments and incentives, placing special emphasis on fostering indefinite-term employment, on regional investment and on research, development and technological innovation (R&D and TI).

Moreover, since Spain is an EU Member State, potential investors can benefit from European aid programs, which make investment in Spain even more attractive.

Living in Spain

Living in Spain is a dream for those who are ready to get retired and to find the perfect property in one of the most exciting and cultural places in the world. There are some pros when it comes to living in Spain:

  • Low cost of living and quality of life
  • Good food and friendliness
  • Fantastic weather and outdoor activities
  • Incredible views and celebrations

Every industry has its own challenges and opportunities and it takes expert market knowledge to pinpoint the right entry points for your venture. If you want to set-up a business, buy a company, live, study, get retired, buy a property or invest in Spain. Please, contact us.