In most of dissolution procedures, the process will be exercised by a liquidator - a special person appointed to dissolve a company. Usually, liquidator can be one of the directors or another appointed person, who is chosen by shareholders. Company decides who will dissolve the company at a shareholder meeting and includes it in an official resolution. The resolution along with other documents required, must be submitted to local commercial register. In case of insolvency proceedings, the insolvency administrator is usually appointed by the court.


Company dissolution guide
The most common dissolution can be named LLC liquidation. In general, this process can be described in four steps:

Step 1: making a decision
To dissolve a company, shareholder must make a decision regarding initiation of the liquidation process. If there are two or more shareholders, a vote for such decision shall be necessary. In addition, making this decision, shareholders must appoint a liquidator.
Step 2: filing documents
When the decision is adopted, certain legal documents must be filled and submitted to a local commercial register or other state authority responsible for such applications. Usually, it is required to submit a filled blank, resolution about liquidation, consent of liquidator to be appointed and the receipt on payment of the state fees.
Step 3: settling debts with creditors
During the liquidation process, the liquidator must settle all debts of the company, including taxes. These can either be unpaid loans, unfinished contracts or undelivered goods, etc. During this step, the property of the company will be sold. If it is necessary to gain funds, which will be used to cover the liabilities, it is required to settle tax payments with tax authorities as well. The remaining resources are distributed between shareholders proportionally to number of shares accordingly.
Step 4: finalizing the dissolution
When all previous steps are done, you can finally dissolve the company. It can be done by submitting final papers to the local commercial register. When it is done, the company will be removed from the public registers, which means it will no longer exist.

Portugal has a corporate tax rate of 21%. Companies that operate under VAT have to pay tax on purchases at 23%. Certain services, like those related to some foodstuffs, admission to certain cultural events, restaurant & cafe food, some agricultural supplies, wine, mineral water, and others, benefit from a 13% VAT rate.

In terms of political and civil liberties, Greece ranks 1st. Citizens of Greece enjoy complete freedom. The majority of countries in which citizens enjoy broad civil and political liberties are representative democracies, in which civil servants are directly elected by the citizens to represent their needs and aspirations. Free countries are often backed by healthy economies and well-functioning governments. In terms of economic freedom, Greek companies are in 4th place. The citizens of Greece are considered to be largely restricted when it comes to their economic decisions. The government has complete control over the majority of businesses and there is a high level of corruption in the economy. For these reasons, this country is considered unsafe for foreign investment as lenders may not have full control over their own financial decisions. In terms of journalistic freedom, Greece's media ranks 3rd. In Greece, journalists face a difficult situation. Censorship is widespread and media not favored by the ruling authorities can be banned.

In general, all jurisdictions can be divided into classic offshore, low-tax jurisdictions and prestige jurisdictions. The prestige of a jurisdiction corresponds to its rank, which is determined by taking into account and evaluating information from the International Sanctions List, the OECD Gray or Black List and the EU Jurisdiction White List as well as data on the development of the financial markets and determining whether the jurisdiction ob FATF AML is deficient and whether there are money laundering concerns. These are the basic criteria that matter in determining whether the jurisdiction is prestigious or not. It cannot be considered prestigious if it is on a financial blacklist.

Austria, France, the United Kingdom, the United States of America and Switzerland are among the top five most reputable jurisdictions for incorporating a company.

A general overview of Austria

Registering a company or start-up in this jurisdiction allows the owner(s) to participate in all projects initiated by the Austrian government. The basic company types available are LLC, ULP, PJSC, PLLC, LLP, and JSC.

Taxes: The income tax rate is 25%, with a minimum corporation tax of EUR 500, plus 20% VAT and a capital tax that varies between 0.8% and 1%. If the subsidiary is registered within the EU, the tax rate on dividend income is 0%; if not, it is 25%.

Austria has agreements with more than 90 countries that enable companies to avoid double taxation. It has no exchange control. This jurisdiction ensures the confidentiality of business data.

A general overview of France

France is a respectable jurisdiction that allows your company to offer products and services bearing the mark of a European company. The basic legal structures available are SP, GP, PJSC, PJSC, LLC, CLS and LLPE.

France offers a number of options: the ability to obtain credit from French banks, the ability to obtain a residence permit, no taxation for companies registered in the country doing business outside of France, and no exchange controls. France has agreements with more than 89 other countries that allow companies to avoid double taxation.

A general overview of the United Kingdom

The UK is considered a respectable jurisdiction due to its high level of legal protection, a simple and transparent tax system, the ability to charge VAT and the availability of nominee services.

The basic company types available in the UK are PC, Limited Warranty Company, ULC and LLC. Again, there are no tax obligations for UK registered companies operating exclusively outside the country. Corporate tax rates depend on profit (between 20% and 24%). The UK has agreements with more than 100 countries that allow companies to avoid double taxation.

A general overview of the United States of America

The US offers a respectable, highly trusted jurisdiction for a company to register, allowing it to offer products and services bearing a US company's trademark. This jurisdiction imposes no tax obligations on entities designated as non-resident and also permits nominee services. There is no taxation for companies incorporated in the country that do all their business outside of the United States.

The basic legal structures available are private contractor, corporation, branch of a foreign corporation, representative office of a foreign corporation, partnership, LLC, joint venture, or LLJSC.

A general overview of Switzerland

The good reputation of this jurisdiction is based on several factors, such as strong business development, a dynamic economy and a track record of innovation. The most important corporate forms available in Switzerland are LLC, ULP, JSC, Commandite Partnership and Subsidiary.

Switzerland offers a high level of confidentiality, the world's leading currency, mechanisms to avoid double taxation, a reasonable tax system with tax rates depending on residence, income level and legal form of the company, tax optimization opportunities and the opportunity to set up service companies that can for the administration of the business activities of the parent company

The total population of Denmark is 5,754,356 people. The people of Denmark speak the Danish language. The linguistic diversity of Denmark is vaguely diverse according to a fractionation scale, which is 0.1049 for Denmark. The average age is around 41.6 years. Life expectancy in Denmark is 80. Female fertility rate in Denmark is 1.7. Around 18% of the Danish population is obese. Ethnic diversity is nearly uniform according to a fractionation scale, which for Denmark is 0.0819. Details on the language, religion, age, gender distribution and advancement of the people of Denmark can be found in the sections below, as well as the section on education in the country.

population
In Denmark, the population density is 131 people per square kilometer (341 per square mile). Based on these statistics, this country is considered densely populated. The total population of Denmark is 5,754,356 people. Denmark has approximately 572,520 foreign immigrants. Immigrants in Denmark account for 0.3 percent of the total number of immigrants worldwide. Immigrants in Denmark account for 9.9 percent of the total number of immigrants worldwide. Denmark's ethnic diversity is nearly uniform according to a fractionation scale based on ethnicity. Ethnic Fractionation (EF) deals with the number, size, socioeconomic distribution, and geographic location of diverse cultural groups, usually within a state or some other demarcated area. Specific cultural characteristics can refer to language, skin color, religion, ethnicity, customs and traditions, history, or other distinctive criteria, alone or in combination. These characteristics are often used for social exclusion and power monopolization. The index of ethnic fractionation in Denmark is 0.0819. This means that the people living in Denmark come from a narrow group of ethnic groups that are all related to each other. EF is usually measured as 1 minus the Herfindahl concentration index of ethnolinguistic group proportions, which reflects the probability that two randomly drawn individuals from the population belong to different groups. The theoretical maximum of EF of 1 means that each person belongs to a different group. Read Denmark's median age and gender distribution statistics at different ages below.

Age
The average age is around 41.6 years. The average age for men is 40.7 and the average age for women is 42.5.

Gender
The sex ratio, or number of males per female (estimated at birth), is 1.055. It can be further broken down into the following categories: sex ratio under 15 - 1.05; sex ratio from 15 to 64 - 1.01; sex ratio over 64 - 0.78; Overall sex ratio - 0.98. The overall sex ratio differs from the sex ratio estimated at birth. This is because some newborns are included in the sex ratio estimated at birth, but die within the first few weeks of life and are not included in the overall sex ratio.

Religion
The majority religion in Denmark is Christianity, whose adherents make up 83.5% of all religious believers in the country. Christianity is an Abrahamic monotheistic religion based on the life and teachings of Jesus Christ as presented in the New Testament. Christianity is the largest religion in the world with over 2.4 billion followers known as Christians. Christians believe that Jesus is the Son of God and the Savior of mankind, whose coming as Christ or Messiah was prophesied in the Old Testament. Besides Christianity, there are several other religions in the country. Other religions in Denmark are Christianity, folk religions, Judaism. Denmark's religious diversity is vaguely diverse according to a fractionation scale based on the number of religions in Denmark. The index of religious fractionation in Denmark is 0.2333. This score means that within the country there is a major belief with a few other subordinate beliefs.