The economy of Panama is rapidly recovering from the recent global crisis. The growth rates of up to 9% per year are impressive. The service industry is the largest sector of the Panamanian economy: it accounts for three quarters of the country’s GDP. Other large sectors of the economy in Panama are the mining industry and agriculture.
Despite its small territory, Panama has managed to become one of the most developed countries in its region. What are the reasons for this economic miracle? How does Panama earn? What are the prospects for business in Panama? Find the answers in our article.
Things you should know about taxation in Switzerland. Swiss taxation system: types of taxes. Income tax for natural persons, corporate tax, value-added tax, and withholding taxes. Stamp duties and border taxes. Direct taxes and charges: income tax, corporate profit tax, personal property tax, inheritance tax, and withholding tax at source. Federal taxes in Switzerland. Swiss tax residence for individuals. Swiss tax residence for legal entities.
Offshore accounts can help your tax planning. Any company and private persons with offshore accounts can legally avoid paying taxes but with some ifs and buts, including the notification of the tax authority. Please find our offshore account tax planning insights and expert advice you can trust.
Would you like to know the industries that produced the majority of millionaires and billionaires? You may be inspired to start your business in one of them (and we can help you with all administrative issues). We have analyzed Forbes and Bloomberg rankings to see the top industries where wealthy people earn millions, and there are just a handful of them. Millionaires take care to constantly develop, so you may also be interested to know the main trends they are likely to follow in 2023. Finally, we looked at the cities that attract the majority of wealthy people. Read on to find out!
The issue of preserving and protecting one's own savings is acute in the current turbulent times. Our experts have prepared for you an overview of the safest and most reliable investments that will help protect your assets.
A zealous campaign against money laundering and terrorism financing is continuing in the world. It affects banks in all parts of the world to a large degree. The banks have to comply with the rules set by regulatory agencies at three levels: the local, the regional, and the international ones.
