Cyprus is regarded as an ideal place for incorporating a company for many reasons. Geographical location is one; this magnificent island is conveniently situated at the crossroads of Europe, Africa and Asia. Furthermore, its proximity to the richest Middle Eastern countries gives Cyprus a serious advantage, and contributes to an accommodating environment for establishing a company. Widespread use of the English language in all spheres of life attracts business people from all around the world. Approximately 80% of the population are fluent English speakers.

In terms of legislation, Cyprus' investment policy changed significantly in 2000, when the minimum level of foreign investment in Cypriot companies was abolished for EU citizens (in 2004 this restriction was also lifted for non-EU citizens). It is worth noting that the government of Cyprus allows 100% foreign participation in local companies for third-country investors. As far as taxes are concerned, Cyprus is an appealing jurisdiction in which to do business: at 12.5%, its corporate income tax is one of the lowest in Europe. Furthermore, in order to avoid double taxation, Cyprus has signed double tax agreements with more than 40 countries. Cyprus is an attractive offshore zone because of the very friendly relations between investors and tax authorities. All of these factors create an inviting business environment on the island.

Company formation is a very popular service in Cyprus, not least because of the simplicity of its bureaucratic procedures and the ease of opening a bank account. Statistics show that in 2016, more than 200,000 new companies were registered in the country. As a location for a holding company, Cyprus also has many advantages — but first it is necessary to understand what holding companies are and the purposes for which they can be used. In brief, a holding company is a company than owns enough of another company's stock to be able to control its management and policies. Holding companies are used by the owners of real estate, trade marks and other assets. Setting up a holding company is quick and simple; your presence is not necessary and the procedure can be completed over email or by post. A holding company also allows for nominees. The VAT applicable to Cyprus-based holding companies is only 19%, and there is 0% tax on inbound and outbound dividends.

A Cyprus-resident holding company can distribute profits to non-resident shareholders completely tax free, while corporate tax on income deriving from intellectual property rights is only 2%. Welcome to paradise!

Incorporating a company in Cyprus usually takes approximately 15-20 days. First, you must get your company name approved by the Registrar of Companies, who will make sure that it is not already in use; this takes 3-5 business days. Then, you can register your company. The entire registration process takes approximately 5-8 business days. The following documents will be required: a copy of your passport, confirmation of personal details, photographs, a document that indicates the place of residence of each shareholder and a certificate confirming the location of the company's registered office. The directors will need to submit certain information concerning their professions. Remember that, according to Cypriot law, at least one director and one company secretary should be appointed.

It is possible to open a bank account in Cyprus whether you are a resident or not, and it can be done through an overseas branch of a Cypriot bank. In order to proceed, you must submit original or apostilled copies of the following documents: passport, proof of residential address (a utility bill, for example) and a bank reference letter. The main advantage is that opening a bank account is fast and fuss free. The cost of opening an account is very low if we compare Cyprus with other EU states. Plus, any person or legal entity can open a bank account in Cyprus. As a result, you will have a valid worldwide Visa card, internet banking, security, anonymity and many other benefits. In addition, there are no minimum deposit terms and bank fees for money transfers are low. Interest in registering companies in Cyprus continues to grow. More and more foreign businesses and investors are discovering the benefits of this beautiful country's business environment. Do not miss your opportunity.

Membership in International Unions
Whether it is an alliance, incorporated union, federal union or supranational body here is the list of unions the country is a member of. Hungary is a member of several unions. They are European Union, International Monetary Fund, North Atlantic Treaty Organization, Organisation for Economic Co-operation and Development, Schengen Area, United Nations, World Trade Organization.

European Union
Hungary is a member of European Union. On 1 May 2004, it joined the EU as a full member state. The EU is a unique economic and political partnership between 28 European countries that together form a politico-economic union and cover much of the European continent. It covers an area of 4,324,782 km, with an estimated population of over 508 million. People can travel freely throughout most of the continent. Operating as a single market, the EU is a major world trading power. And it's become much easier to live, work and travel abroad in Europe.

International Monetary Fund
Hungary is a member of International Monetary Fund. On 6 May 1982, it joined the IMF as a member. The IMF is an organization headquartered in Washington, D.C., of 189 countries working to foster global monetary cooperation, secure financial stability and facilitate international trade. The IMF now plays a central role in the management of balance of payments difficulties and international financial crises. The union is governed by and accountable to the all 189 member countries. As of 2010, the fund had SDR 476.8 billion (about US$ 755.7 billion).

North Atlantic Treaty Organization
Hungary is a member of North Atlantic Treaty Organization. Hungary has been a part of NATO since 12 March 1999, and therefore has been a member of NATO for 24 years. The North Atlantic Treaty Organization (French: Organisation du Traité de l'Atlantique Nord; OTAN) is an intergovernmental military alliance based on the North Atlantic Treaty which. NATO's headquarters are located in Haren, Brussels, Belgium. NATO promotes democratic values and encourages cooperation on defence and security issues. The organization constitutes a system of collective defence whereby its member states agree to mutual defense in response to an attack by any external party. NATO is committed to the peaceful resolution of disputes.

Organisation for Economic Co-operation and Development
Hungary is a member of Organisation for Economic Co-operation and Development. On 7 May 1996, it joined the OECD as a member. The Organisation for Economic Co-operation and Development (French: Organisation de coopération et de développement économiques, OCDE) is an international economic organisation of 34 countries, founded in 1961 to stimulate economic progress and world trade, and promote policies that will improve the economic and social well-being. It is a forum in which governments can work together to share experiences and seek solutions to common problems. OECD work with governments to understand what drives economic, social and environmental change. OECD measures productivity and global flows of trade and investment.

Schengen Area
Hungary is a member of Schengen Area. On 21 December 2007, it was accepted into Schengen Area. The Schengen Agreement is a treaty which led to the creation of Europe's borderless Schengen Area. It entitles every EU citizen to travel, work and live in any EU country without special formalities. It was signed on 14 June 1985 by five of the ten member states of the then European Economic Community near the town of Schengen, Luxembourg. Schengen cooperation enhances free movement of persons by enabling more than 400 million EU citizens to cross internal borders without being subjected to border checks.

United Nations
Hungary is a member of United Nations. On 14 December 1955, it joined the UN at its inception date as a full member state. Founded in 1945, the United Nations is an intergovernmental organization to promote international co-operation. The work of the United Nations are guided by the principles contained in its founding Charter. It is currently made up of 193 Member States. The headquarters of the United Nations is in Manhattan, New York City, further main offices are situated in Geneva, Nairobi and Vienna. Its objectives include maintaining international peace and security, promoting human rights, fostering social and economic development, protecting the environment, and providing aid.

Every year over USD 1 trillion is distributed worldwide in the form of foreign direct investment. Investments by foreign investors and entrepreneurs are of significant value to the country and are seen as a sign of a healthy economic, political and legal environment. When it comes to investing your money, some countries are simply better than others. It depends on numerous factors such as the country's overall economy and growth prospects, political stability, taxation and the overall legal system, the complexity of starting a business, opening an account and the workforce.

In this article, we summarize three jurisdictions in terms of benefits and other features crucial to foreign investors. These countries have already proven their ability to attract multinationals and other investments, but when it comes to choosing the right place to invest, each country is different and might be better than others in one or more factors.

Singapore
The first country to be analyzed is Singapore, which ranks 2nd among the best countries for investment and 15th among the best countries in the world in the US News Best Countries Ranking developed in cooperation with its international partners .

Located in Southeast Asia, Singapore is a bustling metropolis and home to one of the busiest ports in the world. As one of Asia's four economic tigers, the country has experienced impressive growth in recent years thanks to efficient production and manufacturing processes and innovations in the pharmaceutical and electronics industries. High GDP per capita and low unemployment make Singapore one of the wealthiest countries in the world.

Hong Kong
Hong Kong is a special administrative region of China. While Hong Kong is often considered as a separate entity from China, it is not a country and therefore enters all lists and rankings under the name of China. China takes 26th place among best countries to invest in and 20th place among best countries in general.

Hong Kong’s legal system is characterised by the strict adherence to principles and the rule of law. It operates a free trade economic system and promotes minimal government interference in most sections of the economy. This reflects on the small number of tariffs and duties on traded goods and therefore it is a better place for investments than other parts of China.
Foreign investments are attracted by promoting a favourable investment climate with low taxes, few restrictions and additional incentives to encourage investments. Corporate profits tax rate is 16.5% with a possibility to waive 75% of the tax. There is no tax levied on dividends.
Company incorporation is a simple and fast-forward process. All applications for company incorporation also include an application for the business registry. The application can be submitted online and the processing generally takes one hour (as opposed to four days if the application is submitted in hard copy).

Due to its impressive growth and increasing immigration, Singapore attracts the best professionals to its workforce. The country offers cultural diversity and, with four official languages, is an important gateway for international trade.
The corporate tax rate is 17%, but it can be reduced by taking advantage of numerous government subsidies, incentives, and other programs.
Singapore's legal system is known for its integrity, efficiency and fairness, making the country better than many as a place to start and operate a business. The World Bank Group has recognized Singapore's political and regulatory environment as the most business-friendly in the world.
Other factors:
Least Corrupt Country in Asia;
Best IP protection in Asia;
Most popular country for arbitration in Asia.

United Arab Emirates
The United Arab Emirates or UAE is listed as the 22nd best country in the world and is not mentioned among the best countries for investment according to the above ranking.

Before the discovery of oil in the mid-20th century, the UAE's economy was mainly based on fishing and the pearling industry. The country experienced rapid growth and general transformation along with the start of oil exports in the 1960s. Today the country's GDP can be compared to that of leading European countries and the World Economic Forum has named the UAE the most competitive place in the Arab world.

When incorporating a company in the United Arab Emirates, foreign investors can choose between offshore or onshore registration, whichever is more suitable for the type of company and the activities planned. Onshore registration means that the investor establishes a business presence on the UAE mainland. Offshore registration usually refers to a business presence in one of the UAE's free trade zones.
The UAE does not levy corporate income tax at the federal level. However, most Emirates have some corporate income taxation and can even reach 55% for certain industries. In practice, corporate income tax is mainly levied on gas and oil companies and branches of foreign banks.
Other factors:
The UAE is among the most liberal places in the Gulf with a legal system that allows freedom of religion;
No sales tax or VAT but with plans to introduce it in the future;
In addition to traditional banking, Islamic (or Sharia-compliant) banking has seen tremendous growth in recent times.

Liberia is a unitary presidential republic. In terms of political and civil liberties, Liberia ranks 2nd. Citizens in Liberia experience partial freedom. While the majority of Liberian citizens are able to exercise their free will to some degree, some political engagement may be limited and certain population groups may be barred from certain freedoms or expressions of opinion. Prime Minister is George Weah.

According to the World Bank Group, Liberia's Government Effectiveness Index is -1.37. This suggests that the government of Liberia is ineffective. Public and public services are severely impacted, leading to potential for social and political upheaval. In Liberia, legislative power rests with a legislature. The Global Peace Index (GPI) for Liberia is 1.963. The Strength Rights Index for Liberia is 8. Overall, it is considered to be fairly fair – bankruptcy and collateral laws can protect the rights of borrowers and lenders at least decently; Credit reports are usually sufficient and generally available. In 2013, Liberia received US$570.9 million in foreign aid. In 2014, foreign aid was $764.8. Liberia is a member of the United Nations (UN). On November 2, 1945, it acceded to the United Nations on the founding date as a full member state. Liberia is one of the original UN member states that founded the organization. Liberia is a member of the African Union (AU). On May 25, 1963, it joined the AU as a full member. Liberia is a member of the World Bank.