EAST TIMOR EAST TIMOR SERVICES

Business Set Up in East Timor

East Timor is a very attractive destination for investors and new business owners. However, doing business in East Timor requires some level of familiarity with the legal environment, tax structures, and procedures. Enterslice is an all-inclusive solution for you. We will assist you in achieving your business goals.

Benefits of Doing Business in East Timor

 

Tourism Sector

Oil and Gas Reserves

Attractive opportunity for Foreign Investment

Lucrative tax regime

Highly attractive incentives for foreign investors

Different Types of Business Structures in East Timor

 

Sole Proprietorship

This kind of business is simple and not expensive to set up with less obligation and requirement of compliance which is term a non-incorporated entity entirely liable for all debt and liabilities of the owner for business to the extent of the person’s assets.

Partnership

It is a company without limited liability, formed between two persons or modes under a specific name and in which partners assume joint responsibility, to the extent of all their entire personal assets, for the partnership debts and liabilities.

Branch/Representative Office/Subsidiary

Foreign companies can establish a Branch office, representative office or Subsidiary in the country. It is a means provided by the government of East Timor to get the foreign entity in the country to explore and develop the infrastructure and resources of the country.

Company

A company can be formed by an applicant subject to compliance with the regulatory framework. There are altogether three kinds of companies, i.e. Single Shareholder Limited Liability Company, Limited Liability Company and Joint Stock Company.

Different Types of Taxes in East Timor

 

Corporate Income Tax

Sales Tax

Import Duties

Services Tax

Excise Tax

About our Services

Enterslice is one of the leading management consultancy firms which offers end-to-end business set-up, financial, regulatory, taxation, legal, and advisory services to early-stage businesses, start-ups, entrepreneurs, and large corporate houses across the globe.

Our East Timor, Entry Strategy services, involve the following services:

Start Services

Start Services

Open Bank account

About the East Timor Entry Strategy

Our East Timor Entry Strategy is classified into the following:

Business Set-up Services

Business Structures available in East Timor are Sole Proprietorship, Partnership, Branch/representative office/subsidiary or a company. Our business set-up services include advisory related to the type of business structure you should opt for to set up business in East Timor. Our team will assist you in the business registration process, in opening a bank account for the business, and in post-registration compliance.

Consultancy on Managing the Business

Our consultants formulate a strategic plan for establishing and operating the business depending on your business needs. We formulate a budget and develop cash flows for your business. We also review internal control processes and conduct business reviews. We provide advisory on issues related to the management of the business.

Legal Advisory Services

Our legal experts provide legal advice on business operations, finances, IP protection, etc. We also draft legal necessary papers for your business and review and compile the required Paper works. We also ensure that all legal and regulatory compliance are duly complied with.

Accounting and Audit Advisory Services

Our experts provide bookkeeping services, assuring the proper maintenance of different accounting records. This involves keeping thorough and organized financial records, such as cash books, general ledgers, fixed asset registers and accounts receivable and payable sub-ledgers. In addition to this, we also provide financial reporting, accounting guidance, and bookkeeping services. They aid in producing accurate financial accounts, ensure conformity to accounting standards, and offer qualified advice on complex accounting matters. The accounts and financial statements are prepared to reflect the true and fair view of the company’s operations. On behalf of our clients, we ensure that the accounting and audit requirements are fulfilled.

Tax Advisory Services

Our tax experts will assist you in effectively managing your tax obligations and identifying opportunities to lower tax expenses. We ensure that the tax return is timely filed. We provide advisory on direct as well as indirect taxes. As the globe becomes increasingly linked, businesses regularly engage in cross-border transactions with intricate tax ramifications. We provide thorough advice on international tax compliance, double taxation agreements, transfer pricing, and international tax planning using our worldwide tax consultancy services. Our knowledge aids companies in overcoming the difficulties associated with international taxes and strengthening their worldwide tax position.

Intellectual Property Advisory Services

Our IP Experts assist in IP Compliance. We help get IP registration by filling out applications for registration and compiling relevant necessary papers. Our team of IP experts also advises on IP compliance and IP Protection. We also assist in enforcing IP rights against any infringement.

Frequently Asked Questions

Yes, foreigners can own businesses and companies up to 100% shares except for petroleum and media communications.

The extraction of oil reserves is the primary source of business in East Timor.

For a single-shareholder company, one shareholder is required, whereas, for a Joint Stock company, a minimum of three shareholders and an LLC minimum of two shareholders are required to register a company in East Timor.

Yes, East Timor is a good place to do business. It offers attractive incentives to foreign investors and has a lucrative tax regime.

The business structures available in East Timor are sole proprietorship, partnership, branch/representative office/subsidiary or a company.

The following are the compliances required to be carried out for company registration in East Timor:

i. An annual corporate tax is levied on the companies at 10%. A corporate tax return has to be filed with the respective tax authorities.

ii. Annual General Meeting must be conducted.

iii. Board Meetings must be carried out at least once a year.

iv. Companies must register with the Ministry of Finance after securing a Tax Identification Number (TIN).

The necessary papers required for company registration in East Timor are:

i. Articles of Association

ii. Memorandum of Association

iii. Shareholder's Identification Information and their marital status, along with proof

iv. Information on the identification of corporate bodies

v. necessary papers indicating that the capital of the company is deposited

vi. General map showing the location of the registered office

vii. Copies related to carrying out business

viii. Foreigners Visa and Passport Information

ix. Residency status of administrator

Our Offerings

Why choose Us

15+ years of Industry Experience.
Global Network of CA’s, CPA’s and Attorney’s
Million Satisfied Clients.
Globally recognized consultancy with a presence over 22+countries.

Why Enterslice

24x7 Client relationship support desk.

Tech-enabled service delivery platform.

Dedicated foreign Investment desk.

50,000+ Network of Lawyers/Attorney’s/CA/CFA/CPA.

Strong team of In-house Lawyers/Attorney’s/CA/CFA/CPA.

 

Individual and Dedicated professionals on every assignment.

We register 100+ Companies every Month.

Connect with Enterslice today to connect with our team of Skilled Professionals, to avail any of our Premium Services.

If you have any queries related to the Process, feel free to contact us. We will provide
you with immediate help.

We partner with more than 100+ companies

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