Antigua and Barbuda , International business company , Anjouan (Comores) , Trust, governed by local or foreign law International business company , The Bahamas , Trust, governed by local or foreign law Foundation International business company , Bahrain , Financial trust, governed by local or foreign law , Barbados , Trust, governed by local or foreign law International business company International Society with Restricted Liability , Belize , Trust, governed by local or foreign law International business company , Bermuda , Trust, governed by local or foreign law Exempt company , Brunei , Trust, governed by local or foreign law International business company International trust International Limited Partnership , Cook Islands , Trust, governed by local or foreign law International trust International company International partnership , Costa Rica , Trust, governed by local or foreign law Company , Djibouti , Exempt company Trust, governed by foreign law , Dominica , Trust, governed by local or foreign law International business company , Fiji , Trust, governed by local or foreign law , French Polynesia , Société (Company) Société de personnes (Partnership) Société en participation (Joint venture) Trust, governed by foreign law , Grenada , International business company Trust, governed by local or foreign law , Guam , Company Sole proprietorship Partnership Trust, governed by foreign law , Guatemala , Trust, governed by local or foreign law Fundación (Foundation) , Hong Kong , Trust, governed by local or foreign law Private Limited Company , Kiribati , Trust, governed by local or foreign law , Labuan (Malaysia) , Offshore company Malaysian offshore bank, Offshore limited partnership Offshore trust , Lebanon , Companies benefiting from the Offshore company regime Trust, governed by foreign law , Liberia , Non-resident company Trust, governed by local or foreign law , Macao , Trust, governed by local or foreign law Fundação (Foundation) , Maldives , Company Partnership Trust, governed by foreign law , Northern Marianas Islands , Foreign sales corporation Offshore banking corporation Trust, governed by foreign law , Marshall Islands , Trust, governed by local or foreign law International business company , Mauritius , Trust, governed by local or foreign law Global business company categories 1 and 2 , Micronesia , Company Partnership Trust, governed by foreign law , Nauru , Trust/nominee company Company Partnership Sole proprietorship Foreign will Foreign estate Other form of business negotiated with the Government , New Caledonia , Société (Company) Société civile (Civil company) Société de personnes (Partnership) Joint venture Estate of deceased person Trust, governed by foreign law , New Zealand , Trust, governed by foreign law , Niue , Trust, governed by local or foreign law International business company , Panama , Fideicomiso (Trust, governed by local law) and trust governed by foreign law Fundación de interés privado (Foundation) International business company , Palau , Company Partnership Sole proprietorship Representative office Credit union (financial cooperative) Cooperative Trust, governed by foreign law , Philippines , Trust, governed by local or foreign law , Puerto Rico , Estate Trust, governed by local or foreign law International banking entity , Saint Kitts and Nevis , Trust, governed by local or foreign law Foundation Exempt company Exempt Limited Partnership , Saint Lucia , Trust, governed by local or foreign law International business company , Saint Vincent and the Grenadine , Trust, governed by local or foreign law International business company , Sao Tomé e Principe , International business company Trust, governed by foreign law , Samoa , Trust, governed by local or foreign law International trust International company Offshore bank Offshore insurance company International partnership Limited partnership , Seychelles , Trust, governed by local or foreign law International business company , Singapore , Trust, governed by local or foreign law , Solomon Islands , Company Partnership Trust, governed by local or foreign law , South Africa , Trust, governed by local or foreign law , Tonga , Trust, governed by local or foreign law , Tuvalu , Trust, governed by local or foreign law Provident fund , United Arab Emirates , Trust, governed by local or foreign law Offshore company , State of Delaware (USA) , Limited Liability Company , State of Wyoming (USA) , Limited Liability Company , US Virgin Islands , Trust, governed by local or foreign law Exempt company , Uruguay , Trust, governed by local or foreign law Sociedad Anónima Financiera de Inversión , Vanuatu , Trust, governed by local or foreign law Exempt company International company , Andorra , Trust, governed by foreign law , Anguilla , Trust, governed by local or foreign law International business company , Aruba , Trust, governed by local or foreign law Stichting Particulier Fonds , British Virgin Islands , Trust, governed by local or foreign law Company , Cayman Islands , Trust, governed by local or foreign law Exempt company , Guernsey , Trust, governed by local or foreign law Company Foundation , Isle of Man , Trust, governed by local or foreign law Company , Jersey , Trust, governed by local or foreign law Company Foundation , Liechtenstein , Anstalt (Trust, governed by local law) and trust governed by foreign law Stiftung (Foundation) , Monaco , Trust, governed by foreign law Fondation (Foundation) , Montserrat , Trust, governed by local or foreign law International business company , Netherlands Antilles , Trust, governed by local or foreign law Stichting Particulier Fonds , San Marino , Trust, governed by local or foreign law Fondazione (Foundation) , Switzerland , Trust, governed by foreign law Foundation , Turks and Caicos , Exempted company Limited partnership Trust, governed by local or foreign law , The United Kingdom is the Member State responsible for the external relations of Gibraltar, under the terms of Article 355(3) of the Treaty on the Functioning of the European Union. , All EU Member States , European Economic Interest Grouping (EEIG) , , Belgium , Société de droit commun / maatschap (Civil law or commercial company without any legal status) Société momentanée / tijdelijke handelsvennootschap (Company without any legal status whose purpose is to deal with one or several specific commercial operations) Société interne / stille handelsvennootschap (Company without any legal status through which one or more persons have an interest in operations that one or more other persons manage on their behalf) , Included only if the upstream economic operator making the interest payment to it, or securing the payment for it, has not established the identity and residence of all its beneficial owners, otherwise it falls within point (d) of Article 4(2). These ‘companies’ (the name of which is given in French and Dutch) do not have legal status, and from the point of view of taxation, a look-through approach is applicable. , — ‘Trust’ or other similar legal arrangement, governed by foreign law , , Bulgaria , Дружество със специална инвестиционна цел (Special-purpose investment company) Инвестиционно дружество (Investment company, not covered by Article 6) , Entity exempt from corporate income tax , — ‘Trust’ or other similar legal arrangement, governed by foreign law , Unless the trustee can prove that the trust is actually subject to Bulgarian income taxation , Czech Republic , Veřejná obchodní společnost ( veř. obch. spol. or v.o.s. ) (Partnership) Sdružení (Association) Komanditní společnost ‘Trust’ or other similar legal arrangement, governed by foreign law , , Denmark , Interessentskab (General partnership) Kommanditselskab (Limited partnership) Kommanditaktieselskab/Partnerselskab Partrederi ‘Trust’ or other similar legal arrangement, governed by foreign law , , Germany , Gesellschaft bürgerlichen Rechts (Civil law company) Kommanditgesellschaft — KG, offene Handelsgesellschaft — OHG (Commercial partnership) ‘Trust’ or other similar legal arrangement, governed by foreign law , , Estonia , Seltsing (Partnership) ‘Trust’ or other similar legal arrangement, governed by foreign law , , Ireland , — Partnership and investment club , Irish resident trustee is generally taxable on income arising to the trust. However, where the beneficiary or trustee is a non-Irish resident, only Irish source income arising in such cases is taxable. , Greece , Ομόρρυθμος εταιρεία (OE) (General partnership) Ετερόρρυθμος εταιρεία (EE) (Limited partnership) , Partnerships are subject to corporate income tax. However, up to 50 % of the profits of partnerships is taxed in the hands of the individual partners at their personal tax rate. , — ‘Trust’ or other similar legal arrangement, governed by foreign law , , Spain , Entities subject to the system for taxing attribution of profits: Sociedad civil con o sin personalidad jurídica (Civil law partnership with or without legal personality), Herencias yacentes (Estate of a deceased person), Comunidad de bienes (Joint ownership). Other entities without legal personality that constitute a separate economic unit or a separate group of assets (Article 35(4) of the Ley General Tributaria ). ‘Trust’ or other similar legal arrangement, governed by foreign law , , France , Société en participation (Joint venture company) Société ou association de fait (De facto company) Indivision (Joint ownership) Fiducie ‘Trust’ or other similar legal arrangement, governed by foreign law , , Italy , — All Civil law partnerships and assimilated entities , The category of Civil law partnerships includes: ‘ società in accomandita semplice ’, ‘ società semplici ’, associazioni (associations) among artists or professional persons for the practice of their art or profession, without legal personality ‘ società in nome collettivo ’, ‘ società di fatto ’ (irregular or ‘de facto’ partnerships) and ‘ società di armamento ’ , — Companies with a limited number of shareholders opting for fiscal transparency , The ‘tax transparency’ regime may be adopted by limited liability companies or cooperative societies whose members are individuals (Article 116 of TUIR). , — ‘Trust’ or other similar legal arrangement, governed by foreign law , Unless the trustee can provide documentation proving that the trust is fiscally resident and subject to effective corporate taxation in Italy. , Cyprus , Συνεταιρισμός (Partnership) Σύνδεσμος or σωματείο (Association) , , — Συνεργατικές (Cooperative) , Only transactions with members. , — ‘Trust’ or other similar legal arrangement, governed by local or foreign law , Trusts created under Cypriot jurisdiction are considered transparent entities under national law. , Latvia , Pilnsabiedrība (General partnership) Komandītsabiedrība (Limited partnership) Biedrība un nodibinājums (Association and foundation) Lauksaimniecības kooperatīvs (Agriculture cooperative) ‘Trust’ or other similar legal arrangement, governed by foreign law , , Lithuania , — ‘Trust’ or other similar legal arrangement, governed by foreign law , , Luxembourg , — ‘Trust’ or other similar legal arrangement, governed by foreign law , , Hungary , — ‘Trust’ or other similar legal arrangement, governed by foreign law , Hungary recognises trusts as ‘entities’ under national rules , Malta , Soċjetà In Akkomandita (Partnership ‘ en commandite ’), the capital of which is not divided into shares Arrangement in participation (Association ‘ en participation ’) Soċjetà Kooperattiva (Cooperative society) , Partnerships ‘en commandite’ the capital of which is divided into shares are subject to general CIT. , The Netherlands , Vennootschap onder firma (General partnership) Commanditaire vennootschap (Closed limited partnership) , General partnerships, closed partnerships and EEIGs are transparent for tax purposes. , Vereniging (Association) Stichting (Foundation) , Verenigingen (Associations) and stichtingen (foundations) are tax exempt unless they carry on a trade or business. , — ‘Trust’ or other similar legal arrangement, governed by foreign law , , Austria , Offene Gesellschaft (OG) (general partnership) Offene Handelsgesellschaft (OHG) (commercial partnership) Kommanditgesellschaft (KG) (limited partnership) Gesellschaft nach bürgerlichem Recht (civil law partnership) ‘Trust’ or other similar legal arrangement, governed by foreign law , , Poland , Spólka jawna (Sp. j.) (General partnership) Spólka komandytowa (Sp. k.) (Limited partnership) Spólka komandytowo-akcyjna (S.K.A.) (Limited joint-stock partnership) Spólka partnerska (Sp. p.) (Professional partnership) Spolka cywilna (s.c.) (civil law company) ‘Trust’ or other similar legal arrangement, governed by foreign law , , Portugal , Civil law partnerships not incorporated in a commercial form Incorporated firms engaged in listed professional activities in which all partners are individuals qualified in the same profession Companies merely holding assets which are either controlled by a family group or fully owned by no more than five persons; , , — Companies licensed to operate on the International Business Centre of Madeira eligible for exemption from IRC (Article 33 of the EBF) , Article 33 of EBF, applicable to companies licensed until 31 December 2000 , provides for an exemption from corporate income tax until 31 December 2011 . , — Unincorporated associations , , — ‘Trust’ or other similar legal arrangement, governed by foreign law , The only trusts admitted under Portuguese law are those set up under foreign law by legal persons in the International Business Centre of Madeira. , Romania , Association (partnership) Cooperative (Cooperative) ‘Trust’ or other similar legal arrangement, governed by foreign law , , Slovenia , — ‘Trust’ or other similar legal arrangement, governed by foreign law , , Slovak Republic , Verejná obchodná spoločnosť (General partnership) Komanditná spoločnosť (Limited partnership) Združenie (Association) ‘Trust’ or other similar legal arrangement, governed by foreign law , , Finland , avoin yhtiö / öppet bolag (Partnership) kommandiittiyhtiö / kommanditbolag (Limited partnership) ‘Trust’ or other similar legal arrangement, governed by foreign law , , Sweden , handelsbolag (General partnership) kommanditbolag (Limited partnership) enkelt bolag (Simple partnership) ‘Trust’ or other similar legal arrangement, governed by foreign law , , United Kingdom , General partnership Limited partnership Limited liability partnership , General partnerships, limited partnerships; limited liability partnerships are transparent for tax purposes. , — Investment club (where members are entitled to a specific share of assets) , , Gibraltar , — ‘Trust’ or other similar legal arrangement, governed by local or foreign law , Trust income is exempt from tax under the Income Tax Rules 1992 if: the trust is created by or on behalf of a non-resident person; and the income, is accrued or derived outside Gibraltar, or is received by a trust and if it had been received directly by the beneficiary, it would not be liable to tax under the Income Tax Ordinance. This does not apply if the trust is created before 1 July 1983 and the terms of the trust expressly exclude residents of Gibraltar as beneficiaries. , Belgium, Vlaams Gewest (Flemish Region) Région wallonne (Walloon Region) Région bruxelloise/Brussels Gewest (Brussels Region) Communauté française (French Community) Vlaamse Gemeenschap (Flemish Community) Deutschsprachige Gemeinschaft (German-speaking Community) , Bulgaria , Общините (municipalities) Социалноосигурителни фондове (Social Security Funds) , Spain, Xunta de Galicia (Regional Executive of Galicia) Junta de Andalucía (Regional Executive of Andalusia) Junta de Extremadura (Regional Executive of Extremadura) Junta de Castilla-La Mancha (Regional Executive of Castilla-La Mancha) Junta de Castilla-León (Regional Executive of Castilla-León) Gobierno Foral de Navarra (Regional Government of Navarre) Govern de les Illes Balears (Government of the Balearic Islands) Generalitat de Catalunya (Autonomous Government of Catalonia) Generalitat de Valencia (Autonomous Government of Valencia) Diputación General de Aragón (Regional Council of Aragon) Gobierno de las Islas Canarias (Government of the Canary Islands) Gobierno de Murcia (Government of Murcia) Gobierno de Madrid (Government of Madrid) Gobierno de la Comunidad Autónoma del País Vasco/Euzkadi (Government of the Autonomous Community of the Basque Country) Diputación Foral de Guipúzcoa (Regional Council of Guipúzcoa) Diputación Foral de Vizcaya/Bizkaia (Regional Council of Vizcaya) Diputación Foral de Alava (Regional Council of Alava) Ayuntamiento de Madrid (City Council of Madrid) Ayuntamiento de Barcelona (City Council of Barcelona) Cabildo Insular de Gran Canaria (Island Council of Gran Canaria) Cabildo Insular de Tenerife (Island Council of Tenerife) Instituto de Crédito Oficial (Public Credit Institution) Instituto Catalán de Finanzas (Finance Institution of Catalonia) Instituto Valenciano de Finanzas (Finance Institution of Valencia) , Greece, Οργανισμός Τηλεπικοινωνιών Ελλάδος (National Telecommunications Organisation) Οργανισμός Σιδηροδρόμων Ελλάδος (National Railways Organisation) Δημόσια Επιχείρηση Ηλεκτρισμού (Public Electricity Company) , France, La Caisse d'amortissement de la dette sociale (CADES) (Social Debt Redemption Fund) L'Agence française de développement (AFD) (French Development Agency) Réseau Ferré de France (RFF) (French Rail Network) Caisse Nationale des Autoroutes (CNA) (National Motorways Fund) Assistance publique Hôpitaux de Paris (APHP) (Paris Hospitals Public Assistance) Charbonnages de France (CDF) (French Coal Board) Entreprise minière et chimique (EMC) (Mining and Chemicals Company) , Italy, Regions Provinces Municipalities Cassa Depositi e Prestiti (Deposits and Loans Fund) , Latvia , Pašvaldības (local governments) , Poland , gminy (communes) powiaty (districts) województwa (provinces) związki gmin (associations of communes) powiatów (association of districts) województw (association of provinces) miasto stołeczne Warszawa (capital city of Warsaw) Agencja Restrukturyzacji i Modernizacji Rolnictwa (Agency for Restructuring and Modernisationof Agriculture) Agencja Nieruchomości Rolnych (Agricultural Property Agency) , Portugal, Região Autónoma da Madeira (Autonomous Region of Madeira) Região Autónoma dos Açores (Autonomous Region of Azores) Municipalities , Romania , autoritățile administrației publice locale (local public administration authorities) , Slovakia , mestá a obce (municipalities) Železnice Slovenskej republiky (Slovak Railway Company) Štátny fond cestného hospodárstva (State Road Management Fund) Slovenské elektrárne (Slovak Power Plants) Vodohospodárska výstavba (Water Economy Building Company) ,