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International Corporate Procedures

£1,100.00

"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

Listen or 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.
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

View the leaflet


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 call our account management team today on +44 (0)207 400 3313 or email them at sales@jordanpublishing.co.uk

2014 Subscription Information

3 volume loose-leaf
£1100.00 mainwork inc mainland UK p&p, non-UK mainland delivery incurs an additional charge
6 updates per year invoiced on publication* (*approximately £260.00 each)
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
    Details information available to the public on private enterprises and public companies, including relevant company and IP registries.

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
  • Israel
  • 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
Kingdom of Saudi Arabia

LATEST CONTENT



Release 77 of International Corporate Procedures reviews 11 jurisdictions and these include:
  • Austria: Parts I, II, III and IV – Dr Christoph Mager, MMag Suzy Park, Dr MMag Daniel Varro, LLM, DLA Piper Weiss-Tessbach Rechtsanwälte GmbH.
  • British Virgin Islands: Part IV – Clinton Hempel, Carey Olsen.
  • Cayman Islands: Parts I, II, III and IV – Noel Webb, Legal Chambers Cayman Ltd.
  • Cyprus: Parts I, II and III – Alexandros Economou, Michaela Hadjihambi, Chris Georghiades, Achilleas Emilianou, Constantinos Mavrellis, Chrysses Demetriades and Andreas Lelekis, all at Chrysses Demetriades & Co LLC.
  • Greece: Parts II and IV – Helen Papaconstantinou, Law Offices Papaconstantinou.
  • Guernsey: Parts I, II, III and IV – David Crosland and Alex Wilson, Carey Olsen.
  • Israel: Parts II and IV – David Goldenblatt, Yaacov Salomon, Lipschütz & Co.
  • Japan: Part IV – Junko Ogushi and Ryuichi Nozaki, Atsumi & Sakai.
  • Spain: Parts I, II, III and IV – Bernardo M Cremades and Belén Nadal, B Cremades y Asociados.
  • Switzerland: Bulletin and Parts I, II, III and IV – Claude Aemisegger, Hamburger AG.
  • Turkey: Parts I and II – Ayþe Yüksel Mahfoud and Turgut Cankorel, Chadbourne & Parke Danýþmanlýk Hizmetleri Avukatlýk Ortaklýðý and Deniz Þahbaz, Çaðdaþ Selvi and Banu Özyalçýn, Þahbaz Avukatlýk Ortaklýðý.
Release 77 states the law as at 1 June 2014, except where otherwise indicated.
  • Nigel Banerjee

    Nigel Banerjee

    Nigel teaches company law at King's College, London as a Visiting Lecturer. He was formerl…

  • Steen Rosenfalck

    Steen Rosenfalck

    Steen Rosenfalck is a partner in international law firm, Miller Rosenfalck where he …

"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, Tutor, The Dickson Poon School of Law, King’s College London; non-practising Solicitor

Editors

Steen Rosenfalck, European Business Lawyer, Miller Rosenfalck LLP
Peter Xuereb, Professor of European and Comparative Law, University of Malta

Information Editors

Christopher Murphy, Managing Director, Ravensbourne Research Ltd
Dorothy Smith, Information Consultant

General Editor Emeritus

Professor Leonard S Sealy, Gonville and Caius College, University of Cambridge, UK 

Contributors

Ahmed Abdullah, Ernst & Young, Riyadh, Saudi Arabia
Jan H J AchtenBDO Accountants & Advisers, Amsterdam, Netherlands
Stefano AmatoCannizzo, 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
Andrew Begg, Andrew Begg & Co, St.Helier, Jersey
David A BennettGillespie Macandrew WS LLP, Edinburgh, Scotland
Marie-Francoise Brechignac, Baker & McKensie SCP, Paris, France
Joshua J Bugay, Skadden, Arps, Slate, Meagher & Flom LLP, Delaware, USA
Steven Callens, Loyens & Loeff, Brussels, Belgium
Turgut Cankorel, Chadbourne & Parke Danışmanlık Hizmetleri Avukatlık Ortaklığı, Istanbul, Turkey
Carlo CannizzoCannizzo, Ortiz y Asociados SC, Mexico
Peter Čavojský, Managing Partner, CLS Čavojský & Partners, sro, Bratislava, Slovak Republic
James Chen, T N Soong & Co, Taipei, Taiwan
Judy CollisPractice Group Head, Corporate and Commercial, Canon’s Court, Hamilton, Bermuda
Robert G Copeland, Sheppard, Mullin, Richter & Hampton, LLP, USA
Bernardo M CremadesB Cremades y Asociados, Madrid, Spain
David CroslandCarey Olsen, St Peter Port, Guernsey
Steven J Daniels, Skadden, Arps, Slate, Meagher & Flom LLP, Delaware, USA
Stefaan Deckmyn, Loyens & Loeff, Brussels, Belgium
Chrysses DemetriadesChrysses Demetriades & Co Law Office, Limassol, Cyprus
Steven M DickinsonHarris & Moure PLLC, Seattle, USA
Kevin DuartePricewaterhouseCoopers, Gibraltar
Alexandros Economou, Chrysses Demetriades & Co LLC, Limassol, Cyprus
Paul Egan, Mason Hayes & Curran, Dublin, Republic of Ireland
Achilleas EmilianouChrysses Demetriades & Co Law Office, Limassol, Cyprus
Ernst & Young Tax Consultants Sdn BhdKuala Lumpur, Malaysia
Luisa S Fernandez-GuinaQuisumbing Torres, Manila, Philippines
Sandra FrisbyBaker & McKenzie Associate Professor and Reader in Company and Commercial Law, University of Nottingham, UK
Chris GeorghiadesChrysses Demetriades & Co Law Office, Limassol, Cyprus
David Goldenblatt, Yaacov Salomon, Lipschütz & Co, Haifa, Israel
Rosemary S Goodier, Skadden, Arps, Slate, Meagher & Flom LLP, Delaware, USA
Henk Goossen, Cee Tax Management, Prague, Czech Republic
Kim Goss, Bowman Gilfillan Inc, Sandton, South Africa
Jan Grozdanovič LLB, JGA Legal–Jan Grozdanovič, advokát, Prague, Czech Republic
Robert GuestAbacus Financial Services Limited, Gibraltar
Dr Max Gutbrod, Partner, Baker & McKenzie - CIS, Limited, Moscow, Russia
Michaela Hadjihambi, Chrysses Demetriades & Co LLC, Limassol, Cyprus
Maren HansonLaw Offices M H Hoshan, Riyadh, Saudi Arabia
Clinton Hempel, Carey Olsen, British Virgin Islands
Luis Miguel Hincapie, Morgan & Morgan, Panama City, Panama
Martin HopkinsSolicitors, Eversheds, London, UK
Mohamed H HoshanLaw Offices M H Hoshan, Riyadh, Saudi Arabia
Ueli HuberDr iur Eveline Saupper (Certified Tax Consultant), Zurich, Switzerland
Richard Jackson, BDO Limited, St Peter Port, Guernsey
Sunil Kakkad, Lawrence Graham LLP
Jae-Hoo KimSaedong Accounting Corporation, Seoul, South Korea
Marcela KordovaníkováCLS Čavojský & Partners, sro, Slovak Republic
Willem G Kuiper, Wilcotax BV, Almere, Netherlands
Lampert & SchächleVaduz, Liechtenstein
Danny LeeT N Soong & Co, Taipei, Taiwan
Keun Byung LeeBae 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 LemosPLEN – Sociedade de Advogados RL, Lisbon, Portugal
Tan Choon LengRHTLaw Taylor Wessing LLP, Singapore
Bo LindqvistBaker & McKenzie Advokatbyrå KB, Stockholm, Sweden
Pearl T LiuQuisumbing Torres, Manila, Philippines
Andrew LucasNorton Rose (Thailand) Ltd, Bangkok, Thailand
Christoph MagerDLA Piper Weiss-Tessbach Rechtsanwälte GmbH, Vienna, Austria
Ayşe Yüksel MahfoudChadbourne & Parke Danışmanlık Hizmetleri Avukatlık Ortaklığı, Istanbul, Turkey
Michael MahtaniAbacus Financial Services Limited, Gibraltar
Constantinos MavrellisChrysses Demetriades & Co Law Office, Limassol, Cyprus
Cameron McCulloughDeloitte Touche Tohmatsu Jaiyos Co, Ltd, Bangkok, Thailand
José Eliseu MendesPLEN – Sociedade de Advogados RL, Lisbon, Portugal
Kristian MenezPricewaterhouseCoopers, Gibraltar
James A Mercer IIISheppard, Mullin, Richter & Hampton, LLP, USA
Mills Oakley LawyersMelbourne, Australia
Nobutaka MisawaCertified Public Accountant, Tokyo Kyodo Accounting Office, Japan
Nikoleta MolnárováCLS Čavojský & Partners, sro, Slovak Republic
Belén NadalB Cremades y Asociados, Madrid, Spain
Danny NguyenVB Law, Vietnam
Ryuichi NozakiAtsumi & Sakai, Tokyo, Japan
Junko OgushiAtsumi & Sakai, Tokyo, Japan
Yong S OhBae Kim & Lee, Seoul, South Korea
Richard OmwelaHamilton Harrison & Mathews, Nairobi, Kenya
Dean OppenhuisBell Gully, Wellington, New Zealand
Banu ÖzyalçınŞahbaz Avukatlık Ortaklığı, Istanbul, Turkey
Aine PanterPricewaterhouseCoopers, Gibraltar
Helen PapaconstantinouLaw Offices Papaconstantinou, Athens, Greece
Brian B J ParkSaedong Accounting Corporation, Seoul, South Korea
Suzy ParkDLA Piper Weiss-Tessbach Rechtsanwälte GmbH, Vienna, Austria
László PásztorPMX Consulting Group Kft, Budapest, Hungary
Josephine PenT N Soong & Co, Taipei, Taiwan
Patrick PilcherPricewaterhouseCoopers, Gibraltar
Nuno de Deus PinheiroPLEN – Sociedade de Advogados RL, Lisbon, Portugal
Matthew Richardson, Sheppard, Mullin, Richter & Hampton, LLP, USA
Nicholas RichardsonRichardson & Wspόlnicy, Poland
Jesper RothePartner, Philip & Partners, Copenhagen, Denmark
RSM Bird CameronMelbourne, Australia
Denız ŞahbazŞahbaz Avukatlık Ortaklığı, Istanbul, Turkey
Ricardo Quibrera SaldañaECOVIS Quibrera Saldaña, Mexico City, Mexico
Çağdaş SelviŞahbaz Avukatlık Ortaklığı, Istanbul, Turkey
Asim J SheikhErnst & Young, Riyadh, Saudi Arabia
CM SkyeRamsey, Isle of Man
Christopher SmithGillespie Macandrew WS LLP, Edinburgh, Scotland
Darika SoponawatDeloitte Touche Tohmatsu Jaiyos Co, Ltd, Bangkok, Thailand
Souza, Cescon, Barrieu & Flesch AdvogadosSão Paulo, Brazil
Carl SvernlövBaker & McKenzie Advokatbyrå KB, Stockholm, Sweden
Michele TamburiniCurtis, Mallet-Prevost, Colt & Mosle LLP, Milan, Italy and Università degli Studi di Milano
John TentesHLB Hellas SA, Halandri, Greece
April N Turner, McKinney Bancroft & Hughes, Nassau, Bahamas
Joop J van DortVan Dort & Dito Lawyers, Naarden, Netherlands
Daniel VarroDLA Piper Weiss-Tessbach Rechtsanwälte GmbH, Vienna, Austria
Eli C WangT N Soong & Co, Taipei, Taiwan
Noel C WebbLegal Chambers Cayman Ltd, Grand Cayman, Cayman Islands
Gavin A WhiteSkadden, Arps, Slate, Meagher & Flom LLP, New York, USA
Steve WhitesideSheppard, Mullin, Richter & Hampton, LLP, USA
Alex Wilson, Carey Olsen, St Peter Port, Guernsey
Graham J WilsonWilson Associates, Luxembourg
Hans-Jörg WittmanADVISES, Düsseldorf, Germany
Mark WovsanikerErnst & Young LLB, New York, USA
Peter G XuerebHead, Department of European & Comparative Law, University of Malta, Legal Consultant, Malta
Simon XuerebManager, Tax Services, KPMG, Malta
Ralph S YbemaChina 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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