Published
Sep 4, 2023
Updates:
Sep 16, 2024
Svalbard and Jan Mayen
Price:
Delivery:
Legal forms:
Payment methods:
6 weeks
SJM
Document checklist:
1.Passport
2.Proof of Residence
Requirements:
Local legal address (Handled by B2B Hub)
Svalbard and Jan Mayen
$
3000
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Delivery
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Certificate of incorporation
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Articles of association
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Meeting minutes
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Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Registration documents and guidance
FAQ for company formation in Svalbard and Jan Mayen
Q: Can I form a company in Svalbard and Jan Mayen as a foreigner?
A: Yes, foreign individuals and entities are allowed to form companies in Svalbard and Jan Mayen.
Q: What are the types of companies that can be formed in Svalbard and Jan Mayen?
A: The two most common types of companies that can be formed in Svalbard and Jan Mayen are sole proprietorships and private limited liability companies (AS).
Q: What are the requirements to form a company in Svalbard and Jan Mayen?
A: The requirements to form a company in Svalbard and Jan Mayen vary depending on the type of company, but generally include the following: a business plan, articles of association, a minimum share capital, and a registered office.
Q: Is there a minimum share capital requirement for forming a private limited liability company in Svalbard and Jan Mayen?
A: Yes, the minimum share capital requirement for forming a private limited liability company in Svalbard and Jan Mayen is NOK 30,000.
Q: What is the process for registering a company in Svalbard and Jan Mayen?
A: The process for registering a company in Svalbard and Jan Mayen involves submitting the necessary documents and information to the local Governor's Office, along with paying the applicable registration fees.
Q: What are the tax implications of forming a company in Svalbard and Jan Mayen?
A: Svalbard and Jan Mayen are considered tax havens, which means that companies formed there are subject to very low tax rates.
Q: Are there any special considerations that I should be aware of before forming a company in Svalbard and Jan Mayen?
A: Yes, there are a few special considerations to be aware of before forming a company in Svalbard and Jan Mayen. These include the fact that the islands are remote and have limited infrastructure, as well as the fact that companies operating there are subject to certain environmental regulations due to the fragile Arctic ecosystem.
Svalbard and Jan Mayen is an archipelago located in the Arctic Ocean, between Norway and the North Pole. The economy of Svalbard and Jan Mayen is largely dependent on fishing, tourism, and the mining of coal and other minerals. According to the World Bank, the GDP of Svalbard and Jan Mayen in 2019 was $1.2 billion, with a population of 2,817 people. The unemployment rate in 2019 was 4.2%, and the inflation rate was 0.7%. The main exports of Svalbard and Jan Mayen are fish, coal, and other minerals. The main imports are food, fuel, and machinery. The currency used in Svalbard and Jan Mayen is the Norwegian Krone. The government of Svalbard and Jan Mayen is responsible for providing basic services such as healthcare, education, and infrastructure. Overall, Svalbard and Jan Mayen has a small but stable economy that is largely dependent on fishing, tourism, and the mining of coal and other minerals.
Svalbard and Jan Mayen are both territories of Norway located in the Arctic Ocean. As part of Norway, they follow the Norwegian taxation system. Here is a brief overview of the taxation system in Norway:
Corporate Taxation in Norway:
- Corporate tax rate is 22%
- Capital gains are taxed as normal income at the corporate tax rate
- Dividends paid by Norwegian companies are subject to a withholding tax rate of 22%, but this rate can be reduced under certain tax treaties
Personal Taxation in Norway:
- Personal income tax rates range from 0% to 38.2%, depending on income level
- Capital gains tax rate is 22%, but this rate can be reduced for certain types of assets, such as shares in small and medium-sized companies
Tax Payment and Calendar:
- The tax year in Norway runs from January 1 to December 31.
- Tax returns must be filed by April 30 of the year following the tax year.
- Corporate income tax payments are due in two installments: the first installment is due on March 15, and the second installment is due on September 15 of the tax year.
- Individual income tax payments are made on a monthly basis through employer withholdings, but self-employed individuals may need to make additional payments on an estimated basis.
Taxpayers in Norway are required to keep detailed records of their income and expenses, and may be subject to audits by the tax authorities. Failure to comply with tax laws can result in penalties and fines.
It is worth noting that Svalbard and Jan Mayen have special tax rules due to their unique status as Norwegian territories in the Arctic region. For example, certain types of income may be exempt from taxation, and tax rates may differ from those in mainland Norway. It is recommended to consult with a tax professional for personalized advice on tax matters in Svalbard and Jan Mayen.
Application without registration
The first director
The second director
The third director
The first shareholder
The second shareholder
The third shareholder
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