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International Corporate Procedures

£1,212.00

"No other single work sets about presenting in such a clear and concise manner such information on so many countries"

International Business Lawyer

NOW AVAILABLE IN MODULES!

If you are looking for information on a specific country, then you can choose to buy from up to 6 modules. For more information on the modular format please see International Corporate Procedures Online Modules.

Listenor watch Nigel Banerjee discuss recent developments in international corporate procedures, which is explored in detail in International Corporate Procedures.

~ This time and money saving resource lets you focus on doing business rather than tracking down information ~


International Corporate Procedures,available as either a print or online subscription, is a country-by-country encyclopaedia of business regulations in over 55 jurisdictions, including all the major industrial, financial and offshore centres worldwide. It draws together the factual and procedural information necessary to make informed decisions about foreign forms of business enterprise.

Before any decision can be made to open an overseas office, set up a cross border joint venture or acquire businesses overseas, companies and their advisers must have a firm grasp of the structure of business regulation in the target territory. Yet finding up-to-date and reliable information of this kind can involve a great deal of time, effort and money, especially if you do not have an office or agent in the territory. All of this effort may be wasted if the legal and taxation regime is found to be wholly unsuitable,

International Corporate Procedures performs this task for you.

The perfect resource for:

  • Corporate lawyers
  • Finance lawyers
  • Accountants
  • Compliance departments
  • Company secretarial departments
  • Business Advisers - offshore jurisdictions
International Corporate Procedures provides directly comparable information in a standardised format set out country by country covering over 55 jurisdictions...

  • Detailed information on how to form a company including the timescales, costs and documentation required. In addition specific rules relating to partnerships, branches and joint ventures are covered for each jurisdiction.
  • Key company law points on liabilities of directors, D&O insurance, local shareholding requirements, classes of shares permitted, rules for shareholder meetings, registration of charges, liabilities for subsidiary debts, fees for permits and licences, rules on borrowing and charging of assets and M&A controls.
  • The different types of entities including partnerships, branches and joint ventures
  • Sets out the accounting obligations in relation to record keeping and frequency of reporting. It examines model forms of accounts relevant to that jurisdiction highlighting in particular contents of the balance sheet and profit and loss account, additional disclosures, directors’ reports and the auditor’s report.
  • Sets out the tax position in each country includes corporate tax rates, offsetting losses, tax rate on dividends, taxation of groups, double taxation arrangements and incentive schemes.
Here is an infographic demonstrating a small sample of the sort of information you can easily compare across jurisdictions.


Benefits of the service include:

  • Updated six times a year by practitioners with commercial experience from their own country, it is like having a direct line to a corporate procedures expert in each jurisdiction.
  • Each jurisdiction is structured according to a strict template, allowing you to compare them side by side.
  • Saves you simply hours of research time or potential fees for a specialist consultant.
"No other single work sets about presenting in such a clear and concise manner such information on so many countries"
International Business Lawyer

To arrange your FREE 14-day trial to the online service or to find out how a print or online subscription to International Corporate Procedures will benefit your day-to-day work contact our Account Management Team today.


CONTENTS

Each country's entry has a uniform logical structure, allowing easy comparison of business regime across jurisdictions:

  • PART I General
    Outlines the structure of the professions, the types of business vehicle available and the principal legislation underlying corporate regulation.
  • PART II Formation
     Sets out incorporation procedures for all available business vehicles, together with explanations of their duties and liabilities.
  • PART III Taxation and Accounting
    Explains the corporate taxation regime applicable to each form of business venture and the relevant accounting conventions and filing requirements.
  • PART IV Information
    Detailed information available to the public on private enterprises and public companies, including relevant company and IP registries.

"No other single work sets about presenting in such a clear and concise manner such information on so many countries"
International Business Lawyer

General Editor

Nigel Banerjee, LLB, Visiting Lecturer, The Dickson Poon School of Law, King’s College London

Editors

Steen Rosenfalck, LLM, Senior Partner, ebl miller rosenfalck, London, UK
Christopher Murphy, MA, Managing Director, Ravensbourne Research Ltd
Dorothy Smith, MA

General Editor Emeritus

Professor Leonard S Sealy, SJ Berwin Professor Emeritus of Corporate Law, Gonville and Caius College, Cambridge 

Contributors


Karoline Aas
, Advokatfirma DLA Piper Norway DA, Oslo
Ahmed Abdullah, Ernst & Young, Riyadh, Saudi Arabia
Stefano Amato, Cannizzo, Ortiz y Asociados SC, Mexico
Paul Amirault, Norton Rose Fulbright Canada LLP, Ottawa, Ontario, Canada
Appleby Global, Canon's Court, Hamilton, Bermuda
Azim & Associates, Kuala Lumpur, Malaysia
Lene Bårli, Advokatfirma DLA Piper Norway DA, Oslo
John Balouziyeh, Wael Abdulrahman Alissa in association with Dentons
Andrew Begg, Andrew Begg & Co, St Helier, Jersey
David A Bennett, Gillespie Macandrew WS LLP, Edinburgh, Scotland
Bård Braathen, Advokatfirma DLA Piper Norway DA, Oslo
Marie-Francoise Brechignac, Baker & McKenzie SCP, Paris, France
Joshua J Bugay, Skadden, Arps, Slate, Meagher & Flom LLP, Delaware, USA
Jonathan Burns, Wael Abdulrahman Alissa in association with Dentons
Steven Callens, Loyens & Loeff, Brussels, Belgium
Colin Calvert, Carey Olsen, St Peter Port, Guernsey
Turgut Cankorel, Chadbourne & Parke Danışmanlık Hizmetleri Avukatlık Ortaklığı, Istanbul, Turkey
Carlo Cannizzo, Cannizzo, Ortiz y Asociados SC, Mexico
Peter Čavojský, Managing Partner, CLS Čavojský & Partners, sro, Bratislava, Slovak Republic
Leo Chan,  Sino-Bridge Consulting, Hong Kong
Stella Charalambous, Chrysses Demetriades & Co LLC, Limassol, Cyprus
James Chen,T N Soong & Co, Taipei, Taiwan
Judy Collis, Practice Group Head, Corporate and Commercial, Canon’s Court, Hamilton, Bermuda
Robert G Copeland, Sheppard, Mullin, Richter & Hampton, LLP, USA
Bernardo M Cremades, B Cremades y Asociados, Madrid, Spain
David Crosland, Carey Olsen, St Peter Port, Guernsey
Steven J Daniels, Skadden, Arps, Slate, Meagher & Flom LLP, Delaware, USA
Stefaan Deckmyn, Loyens & Loeff, Brussels, Belgium
Chrysses Demetriades, Chrysses Demetriades & Co Law Office, Limassol, Cyprus
Dentons & Co, Oman Branch
Kevin Duarte, PricewaterhouseCoopers, Gibraltar
Alexandros Economou, Chrysses Demetriades & Co LLC, Limassol, Cyprus
Paul Egan, Mason Hayes & Curran, Dublin, Republic of Ireland
Ernst & Young Tax Consultants Sdn Bhd, Kuala Lumpur, Malaysia
Luisa S Fernandez-Guina, Quisumbing Torres, Manila, Philippines
Chris Georghiades, Chrysses Demetriades & Co Law Office, Limassol, Cyprus
Rosemary S Goodier, Skadden, Arps, Slate, Meagher & Flom LLP, Delaware, USA
Kim Goss, Bowman Gilfillan Inc, Sandton, South Africa
Max Gross, SKC Steuerkompetenzcenter AG, Triesen, Liechtenstein
Jan Grozdanovič LLB, JGA Legal–Jan Grozdanovič, advokát, Prague, Czech Republic
Robert Guest, Abacus Financial Services Limited, Gibraltar
Dr Max Gutbrod, Partner, Baker & McKenzie - CIS, Limited, Moscow, Russia
Michaela Hadjihambi, Chrysses Demetriades & Co LLC, Limassol, Cyprus
Abhishek Hans, India Law Offices, New Delhi, India
Fadi Hassoun, Bin Shaib & Associates, Abu Dhabi
Clinton Hempel, Carey Olsen, British Virgin Islands
Amgad Husein, Wael Abdulrahman Alissa in association with Dentons
Luis Miguel Hincapie, Morgan & Morgan, Panama City, Panama
Ueli Huber, Homburger AG, Zurich, Switzerland
IB Grant Thornton Consulting sro, Prague, Czech Republic
Joe Kafrouni, Kafrouni Lawyers, Brisbane, Australia
Gautam Khurana, India Law Offices, New Delhi, India
Jae-Hoo Kim, Saedong Accounting Corporation,Seoul, South Korea
Jakub Kováčik, CLS Čavojský & Partners, sro, Slovak Republic
Siegbert Lampert, Lampert & Partner, Vaduz, Liechtenstein
Keun Byung Lee, Bae Kim & Lee, Seoul, South Korea
Andreas Lelekis, Chrysses Demetriades & Co Law Office, Limassol, Cyprus
Lee and Li, Attorneys-at-Law, Taipei, Taiwan
Tiago Ferreira de Lemos, PLEN – Sociedade de Advogados RL,Lisbon, Portugal
Tan Choon Leng, RHTLaw Taylor Wessing LLP, Singapore
Bo Lindqvist, Baker & McKenzie Advokatbyrå KB, Stockholm, Sweden
Pearl T Liu, Quisumbing Torres, Manila, Philippines
Andrew Lucas, Norton Rose (Thailand) Ltd, Bangkok, Thailand
Christoph Mager, DLA Piper Weiss-Tessbach Rechtsanwälte GmbH, Vienna, Austria
Ayşe Yüksel Mahfoud, Chadbourne & Parke Danışmanlık Hizmetleri Avukatlık Ortaklığı, Istanbul, Turkey
Michael Mahtani, Abacus Financial Services Limited, Gibraltar
Céline Martin, Homburger AG, Zurich, Switzerland
David Matkins, Bourner Bullock, London
Constantinos Mavrellis, Chrysses Demetriades & Co Law Office, Limassol, Cyprus
Viraj Mehta, Bourner Bullock, London 
Cameron McCullough, Deloitte Touche Tohmatsu Jaiyos Co, Ltd, Bangkok, Thailand 
José Eliseu Mendes, PLEN – Sociedade de Advogados RL, Lisbon, Portugal
Kristian Menez, PricewaterhouseCoopers, Gibraltar
James A Mercer III, Sheppard, Mullin, Richter & Hampton, LLP, USA
Mills Oakley Lawyers, Melbourne, Australia
Nobutaka Misawa, Certified Public Accountant, Tokyo Kyodo Accounting Office, Japan
Christoph Morck, Advokatfirma DLA Piper Norway DA, Oslo
Ole Christian Muggerud, Advokatfirma DLA Piper Norway DA, Oslo
Belén Nadal, B Cremades y Asociados, Madrid, Spain
Danny Nguyen, VB Law, Vietnam
Ryuichi Nozaki, Atsumi & Sakai Europe Ltd, London, UK
Junko Ogushi, Atsumi & Sakai, Tokyo, Japan
Yong S Oh, Bae Kim & Lee, Seoul, South Korea
Richard Omwela, Hamilton Harrison & Mathews, Nairobi, Kenya
Dean Oppenhuis, Bell Gully, Wellington, New Zealand
Banu Özyalçın, Avukatlık Ortaklığı, Istanbul, Turkey
Aine Panter, PricewaterhouseCoopers, Gibraltar
Helen Papaconstantinou, Law Offices Papaconstantinou, Athens, Greece
Brian B J Park, Saedong Accounting Corporation, Seoul, South Korea
Suzy Park, DLA Piper Weiss-Tessbach Rechtsanwälte GmbH, Vienna, Austria
Graham Parrott, Fitzroy Tax Services Ltd, St Peter Port, Guernsey
László Pásztor, PMX Consulting Group Kft, Budapest, Hungary
Josephine Pen, T N Soong & Co, Taipei, Taiwan
Patrick Pilcher, PricewaterhouseCoopers, Gibraltar
Nuno de Deus Pinheiro, PLEN – Sociedade de Advogados RL, Lisbon, Portugal
Aravind Ramanna, Quantum Law BV, Amsterdam, Netherlands
Matthew Richardson, Sheppard, Mullin, Richter & Hampton, LLP, USA
Nicholas Richardson, Richardson & Wspόlnicy, Poland
Steen Rosenfalck, ebl miller rosenfalck, London, UK
Jesper Rothe, Partner, Philip & Partners, Copenhagen, Denmark
RSM Bird Cameron, Melbourne, Australia
Ricardo Quibrera Saldaña, ECOVIS Quibrera Saldaña, Mexico City, Mexico
Christoph Schimmer, DLA Piper Weiss-Tessbach Rechtsanwälte GmbH, Vienna, Austria
André Scholz, RSP International LLC, Moscow, Russia
Çağdaş Selvi, Şahbaz Avukatlık Ortaklığı, Istanbul, Turkey
Asim J Sheikh, Ernst & Young, Riyadh, Saudi Arabia
CM Skye, Ramsey, Isle of Man
Christopher Smith, Gillespie Macandrew WS LLP, Edinburgh, Scotland
Darika Soponawat, Deloitte Touche Tohmatsu Jaiyos Co, Ltd, Bangkok, Thailand
David A Springsteen, WithumSmith+Browne, Princeton, New Jersey, USA       
Souza, Cescon, Barrieu & Flesch Advogados, São Paulo, Brazil                         
Carl Svernlöv, Baker & McKenzie Advokatbyrå KB, Stockholm, Sweden
Mazen Talih, Bin Shabib & Associates, Abu Dhabi
Michele Tamburini, Curtis, Mallet-Prevost, Colt & Mosle LLP, Milan, Italy and Università degli Studi di Milano
John Tentes, HLB Hellas SA, Halandri, Greece
April N Turner, McKinney Bancroft & Hughes, Nassau, Bahamas
Dick W S van Onzenoort, BDO Accountants & Advisers, Tilburg, The Netherlands
Anand Verma, India Law Offices, New Delhi, India
Noel C Webb, Legal Chambers Cayman Ltd, Grand Cayman, Cayman Islands
Gavin A White, Skadden, Arps, Slate, Meagher & Flom LLP, New York, USA
Graham J Wilson, Wilson Associates, Luxembourg
Hans-Jörg Wittman, ADVISES, Düsseldorf, Germany
Simon Xuereb, Manager, Tax Services, KPMG, Malta
Ralph S Ybema, China Law & Tax Direct Limited, Hong Kong

France

Part II Formation

A Limited companies

1 - Ready-made companies

Possible, but not common practice.

2 - Time-scale for formation

a    Normal time taken

I    Full incorporation procedure

Two to three weeks.
SE Four possibilities exist for incorporation of an SE:
  • merger of companies subject to the condition that two, at least, should be companies of different European countries
  • incorporation of a new company (SE) by contribution of shares of companies. At least two of them should be companies of different European countries
  • incorporation of a subsidiary in another country by an existing SE
  • conversion of an SA into an SE subject to the condition that the SA holds a subsidiary in another European country for at least two years.
It takes between two months and two years to incorporate an SE.

II    Changing name, objects etc of a newly acquired company
All changes involved in taking over a newly acquired company take immediate effect on decision of shareholders. Filing of documentary evidence of these changes at the registre du commerce et des sociétés (commercial and company registry) is merely notification. The changes are only effective as against third parties when registered at the registry, which usually takes two to three weeks.

b Reduction of normal time
Not possible.

3 - Costs of formation

a    Full incorporation costs
fee for registering with the tax authorities (exemption)
fee for registering with the centre de formalités des entreprises (enterprise formalities centre) and with the commercial and company registry – approximately €250, depending on type of company
fee for advertising in the Journal d'Annonces Légales – approximately €180 to €250, depending on type of company.

All other fees are non-statutory and variable.

b    Ready-made company costs
Non-statutory and variable; such an acquisition is very rare.

4 - Civil liability of officers and shareholders

a    Extent of company officers' and shareholders' personal civil liability
I    Officers

The administrateurs (directors), the directeurs généraux (general managers) and the directeurs généraux délégués (assistant general managers) of an SA or an SE, the gérants (managers) of an SARL, the président and the directeur général of an SAS are not personally liable if they perform their duties in accordance with existing regulations; otherwise, they may be personally or jointly liable to the company or third parties (see 12 a below for explanation).

II   Shareholders
Liable only up to the amount of their financial contributions to the capital of the company. Liable also as administrateurs, directeurs généraux, directeurs généraux délégués or gérants if they act in these capacities.

b   Directors' and officers' liability insurance
Insurance against civil liability is available, but insurance against criminal liability is prohibited.

5 - Documents required for incorporation

For more information please call us on +44 (0)207 400 3312
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3 volume looseleaf
£1212.00 main work inc mainland UK p&p (there is an additional cost for non-UK mainland p&p)
6 updates per year invoiced on publication* (*approximately £260.00 each). You will continue to receive updates until you countermand this.
JURISDICTIONS COVERED

Europe
  • European Union
  • Austria
  • Belgium
  • Cyprus
  • Czech Republic
  • Denmark
  • France
  • Germany
  • Greece
  • Hungary
  • Republic of Ireland
  • Italy
  • Luxembourg
  • Malta
  • Netherlands
  • Poland
  • Portugal
  • Russian Federation
  • Slovak Republic
  • Spain
  • Sweden
  • Switzerland
  • UK: England and Wales
  • UK: Scotland
Americas
  • Brazil
  • Canada
  • Mexico
  • USA: California
  • USA: Delaware
  • USA: New York
  • USA: Federal
Asia
  • People's Republic of China (PRC)
  • Hong Kong
  • India
  • Japan
  • Malaysia
  • Philippines
  • Singapore
  • South Korea
  • Taiwan
  • Thailand
  • Vietnam
Africa
  • Kenya
  • South Africa

Oceania
  • Australia
  • New Zealand
Offshore Centres
  • Bahamas
  • Bermuda
  • British Virgin Islands
  • Cayman Islands
  • Gibraltar
  • Guernsey
  • Isle of Man
  • Jersey
  • Liechtenstein
  • Netherlands Antilles
  • Panama
Middle East
  • Israel
  • Oman
  • Kingdom of Saudi Arabia
  • Turkey
  • United Arab Emirates

LATEST CONTENT 

Release 88 of International Corporate Procedures reviews seven jurisdictions.

The contents of this release include:

– Australia by Joe Kafrouni, Kafrouni Lawyers, Brisbane, Australia: Parts I and IV.

– Austria by Dr Christoph Mager, MMag Suzy Park and Mag Christoph Schimmer MSc, at DLA Piper Weiss-Tessbach Rechtsanwälte GmbH: Parts I–IV.

– British Virgin Islands by Clinton Hempel, Carey Olsen, British Virgin Islands: Parts I–IV.

– Cyprus by Michaela Hadjihambi, Chris Georghiades, Stella Charalambous, Constantinos Mavrellis, Chrysses Demetriades and Andreas Lelekis, Chrysses Demetriades & Co Law Office, Cyprus: Parts I–IV.

– Mexico by Stefano Amato and Carlo Cannizzo, Cannizzo, Ortiz y Asociados, SC, Mexico: Parts I, II and IV.

– Spain by Bernardo M Cremades and Belén Nadal, B Cremades y Asociados, Spain: Parts I–IV.

– Delaware, USA by Skadden, Arps, Slate, Meagher & Flom LLP. Steven J Daniels and Lisa P Ogust are based in the Delaware office and Gavin A White practises in New York: Parts I, II and IV.

Release 88 states the law as at 1 April 2016, except where otherwise indicated.

 



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