Borough Projects
projecting your business to new heights
Due diligence/ KYC/ KYB
Borough Projects offers an online platform that provides a range of resources and tools for entrepreneurs and small business owners. The platform gives access to articles, videos, webinars, and other resources that can help entrepreneurs and small business owners grow their businesses.
One of the key features of Borough Projects platform is its KYC (Know Your Customer) process. This process is designed to verify the identity of users and ensure that they are legitimate business owners. The KYC process involves collecting and verifying personal information, such as name, address, and identification documents.
By implementing a robust KYC process, Borough Projects platform is able to provide a secure and trustworthy platform for entrepreneurs and small business owners to connect and collaborate. This helps to build trust and confidence among users, which is essential for the success of any online business platform.
One of the key features of Borough Projects platform is its KYC (Know Your Customer) process. This process is designed to verify the identity of users and ensure that they are legitimate business owners. The KYC process involves collecting and verifying personal information, such as name, address, and identification documents.
By implementing a robust KYC process, Borough Projects platform is able to provide a secure and trustworthy platform for entrepreneurs and small business owners to connect and collaborate. This helps to build trust and confidence among users, which is essential for the success of any online business platform.
Residence permit and second citizenship
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.
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.
Redomiciliation
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.
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.
Obtaining the tax identification number
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:
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.
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.
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.
Registration of yachts
If you are an owner of waterborne transport and do not know in which state it is better to register a yacht, we may offer you the best jurisdiction having both preferential treatment and legislation suitable in each particular case.
Bank accounts
Opening of a bank account is a very important stage in company's operation that requires a considered approach.
We work only with sustainable and reliable banks.
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:
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.
BOROUGH PROJECTS LTD is an agent of more than 20 banks worldwide and is authorized to open accounts and certify documents.
We work only with sustainable and reliable banks.
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
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.
BOROUGH PROJECTS LTD is an agent of more than 20 banks worldwide and is authorized to open accounts and certify documents.
International law and taxation advice
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.
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.
Accounting and audit services
Some countries require incorporated companies to maintain accounting records, prepare annual financial statements and submit prepared reports to tax authorities.
Our company in cooperation with professional accountants and auditors is ready to render you services such as:
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 account book maintenance;
- Calculation of corporate and other taxes, submission of tax returns;
- Accounting services;
- Preparation and submission of financial reports, audit, etc.
Records keeping in Cyprus
Nowadays many jurisdictions bind registered companies to keep supporting documents even if submission of financial reports is not obligatory.
We offer storage of documents in secured premises in Cyprus (Larnaca city). We ensure confidentiality and inaccessibility of your documents for third persons.
The documents are being stored as originally surrendered. All the documents are surrendered and returned as per checklist. We can also assist you in making a checklist at additional cost.
We offer storage of documents in secured premises in Cyprus (Larnaca city). We ensure confidentiality and inaccessibility of your documents for third persons.
The documents are being stored as originally surrendered. All the documents are surrendered and returned as per checklist. We can also assist you in making a checklist at additional cost.
Change of registered agent
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.
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.
Funds and trusts
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.
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.
Introduction of changes
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.
- 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.
Substance in country of registration
Due to the fact that most banks and partners require the actual presence (substance) of the company in the country of registration, we will be glad to help you meet substance requirements all around the world, including Cyprus, England, Hong Kong, Singapore and Seychelles.
This service includes the following:
This service includes the following:
- search and rent of the office;
- purchase of computers and other office equipment and accessories necessary for the office;
- employee search and hiring;
- telephone line and Internet;
- website and email, and many other things.
Translation of documents, legalization and Apostille
BOROUGH PROJECTS LTD has accumulated a wealth of resources and technology to ensure high-quality translation services for our clients. Our specialists help clients with translation of documents into and from all European and Asian languages, notarial certification of the translation and legalization of documents by Apostille.
Apostille is a special form of documents certification established on the 5th of October 1961 by Hague Convention. Apostille is a stamp affixed to official documents from institutions and organizations of the countries members of Hague Convention and authenticates document and its conformity with the legislation of issuing country. The document so legalized is effective on the territory of states members of Hague Convention 1961 and does not require any further proofs of authenticity.
Apostille is a special form of documents certification established on the 5th of October 1961 by Hague Convention. Apostille is a stamp affixed to official documents from institutions and organizations of the countries members of Hague Convention and authenticates document and its conformity with the legislation of issuing country. The document so legalized is effective on the territory of states members of Hague Convention 1961 and does not require any further proofs of authenticity.
Incorporation and maintenance of companies worldwide
BOROUGH PROJECTS LTD 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.
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.
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