A value-added tax (also known as VAT) is levied in some countries from selling/purchasing certain goods and services. Generally, it can be defined as a consumption tax estimated and charged based on the value being added. Usually, VAT is considered destination-based, as application of VAT depends on the jurisdiction of the seller and purchaser. It must be noted that VAT provides almost 20% of total tax amount charged worldwide. https://www.confiduss.com/en/services/corporate/accounting/vat/

Freedoms and liberties in Ukraine In terms of political and civil liberties, Ukraine is 2nd. Citizens in Ukraine experience partial freedom. While the majority of citizens in Ukraine are able to exercise their free will to some extent, some political engagement may be limited and certain sections of the population may be barred from certain freedoms or expressions of opinion. Enterprises of Ukraine are 5 in terms of economic freedom. Citizens in Ukraine are not considered free when it comes to their economic choices. The government prohibits citizens from all economic activities, and some illegal business activities are punishable by imprisonment or even death. Investors should avoid countries that are not economically free as the risks do not justify any potential gain. In terms of journalistic freedom, the media of Ukraine are in a 4. In Ukraine, journalists are in a very serious situation. Censorship rules all publications and the government controls most of the media. Journalists who express opinions against the government can be punished with fines, imprisonment or death. https://www.confiduss.com/en/jurisdictions/ukraine/politics/liberties-and-freedom/

Company formation in Gibraltar Gibraltar has a corporate tax rate of 10%, which is considered a low tax rate. Companies that operate under VAT have to pay tax on purchases at 0%. http://www.confiduss.com/en/jurisdictions/gibraltar/business/company-formation/

Jurisdictions with low maintenance costs Low maintenance cost territories are jurisdictions with especially favourable tax regimes, where the annual company maintenance expenses are lower. An effective tax planning strategy often revolves around these jurisdictions, as low taxes and maintenance costs are among the most effective and straightforward cost-reducing tools for any business. http://www.confiduss.com/en/services/incorporation/criteria/low-cost/