FAQ
FAQ
Frequency Asked Question
Property requires attention for various reasons:
- Maintenance: Regular attention ensures that the property remains in good condition. Maintenance tasks like repairing leaks, fixing electrical issues, and updating fixtures can prevent bigger problems down the line.
- Value Preservation: Proper care helps preserve the value of the property. Neglected properties tend to depreciate faster due to wear and tear.
- Safety: Attention to safety measures is crucial to protect occupants and visitors. This includes checking for fire hazards, maintaining secure locks, and ensuring structural integrity.
- Legal Compliance: Property owners must adhere to various regulations and codes. Regular attention ensures compliance with building codes, zoning laws, and safety standards, reducing the risk of legal issues.
- Tenant Satisfaction: For rental properties, attention to tenant needs and concerns is essential for tenant satisfaction and retention. Addressing maintenance requests promptly can improve tenant relationships and reduce vacancies.
- Cost Savings: Proactive maintenance and attention can prevent costly repairs. Addressing minor issues early can prevent them from escalating into major problems that require extensive and expensive repairs.
Overall, regular attention to property helps ensure its longevity, safety, and value, benefiting both owners and occupants.
VZEs are fully exempt from Corporate Income Tax on profit that the company gets from provision of Information Technologies (services) outside of CA; They are fully exempt from VAT on provision of Information Technologies outside of CA. As a result, normally, companies pay only 5% dividend tax on the dividends distributed to the shareholder. And that’s it.
Virtual Zone Entity (VZE) is an LLC or JSC which is registered in CA, which provides Information Technology (IT) services abroad and gets the status from CA authorities.
Under Information Technology, CA tax code defines following activities: the study, support, development, design, production, and implementation of computer information systems, as a result of which software products are obtained.
There are couple of ways:
● You may stay in CA for any 183 days within 12 months period;
● Obtain tax residency on the basis of being a high net worth individual.
The status of international company may be granted to a CA enterprise in any of the following cases:
a) if the enterprise has at least two years of experience in carrying out the permitted activities, on the basis of which it applies to obtain the status;
b) if the enterprise is a representative of a non-resident enterprise, which has at least two years of experience in the permitted activities.
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