Structuring of IT Business Transactions
Predictably, IT business is distinguished by high flexibility and mobility, thus offering multiple opportunities: remote customer services worldwide, no need for a physical office, easy manpower transfers and a huge selection of countries for company registration.
The above opportunities are evident; but IT companies have another benefit which many businessmen might fail to notice: the capacity to structure business transactions independently and determine their legal essence in one’s own discretion.
Seemingly similar operations (such as custom software development or remote services) can have a completely different essence and, therefore, involve different taxes and implications for the customer. How could one leverage this advantage for the IT business? The experts at SBSB will answer this and many other questions.