Hungary – This is the reason for the oustanding profit of blood plasma trading companies
One of Hungary’s largest blood plasma trading companies – Plasma Expert Ltd. – was founded four years ago, and last year it already achieved a turnover of EUR 10.1 million (~HUF 3.6 billion), so it doubled its turnover in one year and quadrupled its profit: it showed a gain of EUR 2.3 million (~HUF 810 million). However, the actual owner is still wrapped in secrecy.
Based on the company’s report, the entire amount comes from export activities, according to which the plasma was sold abroad to a company registered in a free trade zone in the United Arab Emirates, to Golden Bay Trading FZE.
This company is the 100% owner of Plasma Expert, and this spring it was decided to take out a dividend of EUR 754 thousand (~HUF 268 million) from the profit generated so far.
Plasma Expert has not reached a profit since its inception; it was the first time it has paid dividends to its owner. As the Hungarian news portal 24.hu reports, the free trade zone of Umm el-Cayenne, less than an hour from Dubai International Airport is very appealing for foreign investors where there is no obligation to pay up share capital, and it is not even necessary to submit a report and tax return.
Furthermore, free trade zones have their own tax systems and do not tax profits. This means that the owners do not have to pay tax on the profits made with the Hungarian plasma purchased and then exported at multiple prices.
Within four years, the company had four ownerships. First, Zoltán Ládi, the founder of Plazmazóna, became known in connection with B-17 therapy, which was advertised as a panacea for cancer patients. As the Hungarian news portal 24.hu reports, based on the Opten’s company information database, last April, the ownership of Plasma Expert was given to Q-Capital Ltd., that passed the company to the Golden Bay Trading FZE registered in the Emirates at the end of May. Despite some stable points of Plasma Experts, companies registered in special status zones are not on the Emirates’ public register system, so the identity of the ultimate owner is still a mystery.
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Source: 24.hu