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Contact usGlossary – T
Tax haven
Tax havens are the countries where there is both a lower level of tax burden on taxpayers and also a higher degree of privacy of business people.
Profits of foreign companies (offshore companies) are taxed only negligibly, dividends of these companies are not subject to tax. Companies with leade…
Trade secret
Competitive valuable facts in running a business that are unknown to other competitors and entrepreneurs.
Trade secret is information of business, production or technical nature related to businesses that have actual or at least potential tangible or intangible value, which is not generally know…
Trading company
Trading company is a private association of persons who join together for the purpose of business.
It is a legal person established for business purposes, ie for the purpose of continuing business activity in their own names and on their own responsibility for profit.
Transformation of a company
Change of the legal form of the company.
Change from Ltd. to JCS and the like. The company does not cease nor its assets are transferred, but there is a change in the internal legal relations and legal status of its partners. Effects of changes occur on the date of incorporation in Commercial Re…
