Opening a foreign account for a risky business is becoming increasingly difficult. However, we have a great solution - a corporate account with an African bank completely remotely. The process of opening an account takes less than a week. You can learn all the details from our experts at a free consultation.
What do the terms Limited Partnership (LP) and Limited Liability Partnership (LLP) refer to? What does LTD stand for? Advantages of each business entity: a concise overview. Partnerships: their benefits and drawbacks. Benefits and burdens of limited liability companies. Key characteristics that set LPs apart from LTDs. Final thoughts.
When going to register an offshore company in Nevis, you can choose between setting up a Nevis IBC or a Nevis LLC. A Nevis trust or a Nevis foundation in Nevis is also a popular option. The Whys and Hows of Nevis IBC and Nevis LLC formation. Book a session with our experts, rely on prof. services.
Superyachts are a world of luxury, exclusive design, and innovative technical solutions. Which shipyards produce such vessels? Our experts have prepared for you an overview of the best superyacht brands, as well as a ranking of the most expensive luxury boats.
Have you ever thought of working in Switzerland? No wonder: the country offers really good salaries, which are high even if we compare it with the European Union countries. The taxes are not very low here, but you get excellent living standards in return. And if you enjoy the work and life balance, Switzerland is the right country for you as nobody here stays at the workplace for more than needed. Employers are limited by laws in assigning overtime hours to their employees. You can also work for a Swiss company remotely or live in a neighboring country to have the status of a cross-border worker.
The main positive tendencies in the economic citizenship industry are as follows: the number of national programs is increasing; the citizenship/ residence-by-investment opportunities are becoming more diverse; their flexibility is improving; the requirements are becoming more liberal; the competition in the market is toughening; and so on. The main negative tendencies in the industry include the following ones: the due diligence checks are growing stricter; the international pressure on host countries is increasing; the number of visa-free destinations accessible by economic citizens is decreasing.
Both citizenship of the U.S.A. and legal foreign residents of the country are taxed on their domestic as well as their foreign income. There are some exceptions from the general rule. In particular, the following instruments of tax deduction are available to an American making an income in a foreign country: Foreign earned income exclusion; Foreign housing deduction or exclusion; and Foreign tax credit. The essential requirement is that the taxes should have been paid (or charged) in the foreign countries.
Requirements for digital nomads applying for a visa to Uruguay. Obtaining an Uruguayan visa: costs for digital nomads. Pro tips and tricks to obtain a digital nomad visa to Uruguay offline and online. Applying for an Uruguayan digital nomad visa online in 4 steps. Offline application for a digital nomad visa to Uruguay: where to apply. Extending a digital nomad visa to Uruguay. Why choose Uruguay: advantages for digital nomads. Expert assistance with digital nomad visas to Uruguay.
How to choose the best country for registering a foreign company? The low corporate tax rate, as well as other business taxes, is one of the critical factors. Our experts have prepared for you the ranking of countries with no corporate tax in 2023.
The history of tax havens and offshore zones: definition of offshore jurisdictions, offshore countries, offshore territories, international financial centers (IFCs), offshoring; journey through the evolution of tax havens and tax incentives for offshore business from ancient times to the present.
Are you thinking of boat registration? We can help you with that. But what if you need to register your vessel in two countries to sail under two flags? This is impossible if we approach the matter directly, but there is a workaround called Bareboat Charter. This is an absolutely legal strategy that allows owners to have more flexibility as to the flag they use for their vessels. Read more details about it in our article. We will also mention the basics and peculiarities of vessel registration in different jurisdictions and show the procedure using the example of San Marino. Contact us for any help!
Is it possible not to pay tax on worldwide income? Yes, there are countries that do not charge such a tax, as well as other types of taxes, for example, on capital gains, or dividends. Our experts have prepared a complete list of tax-free countries with recommendations and comments.
How to choose the right name when registering an offshore company? This question worries many of our clients, so our experts have prepared a complete guide on offshore company names, which will consider in detail all aspects of this issue.
In most cases, you are not considered a tax resident of the country where you spend less than 183 days per year. This means that you can be a tax resident of no country if you keep moving from one place to another without staying for too long in any of the countries. This does not mean that you will be paying nothing in taxes, however, because you will have to pay the taxes in the country where your income comes from anyway. Besides, the tax resident status is required for obtaining banking services and engaging in business operations.
The most popular jurisdictions for yacht registration include Malta, the Cayman Islands, Cyprus, the Marshall Islands, Liberia, Gibraltar, the British Virgin Islands, Panama, Delaware, the Netherlands, Jersey and Seychelles. However, each country will have its own requirements as to the measurements of the yachts, their age, and their use. Besides, the country of registration will have a bearing on the amount of taxes that the yacht owner has to pay.
The UK payment system and its advantages for corporate account setup. Businesses that the UK payment system accepts as customers. Countries that the UK payment system does not work with. Documents you will need to open a corporate multi-currency account in the UK payment system. Commissions and fees that the UK payment system collects from corporate multi-currency account holders. How can I open a corporate multi-currency account in the UK payment system?
Paraguay is a unique country with an amazing culture and many exciting attractions. What are the key features of this South American country? Our experts will tell you interesting facts and must-see places in Paraguay.
The main advantages that a freelancer will find if he/ she opens an account with the British payment system include the following ones: a personal IBAN; payments to 150+ countries in more than 20 currencies; instant SEPA and SWIFT payments; client support in several languages; bulk payments; acquiring; salary projects; a plastic MasterCard.
Welcome to our offshore myth collection: offshore companies, IBCs, and offshore corporations engage in illicit activities, their operations are unregulated, offshore companies, IBCs, and offshore corporations are established in blacklisted jurisdictions, IBCs, offshore corporations, and other offshore business structures evade taxes, nominee services enhance confidentiality, offshore companies lack trustworthiness, and registering an offshore company is an exorbitant expense.
Opening a bank account in Uruguay is not the easiest thing to do if you are a non-resident as there are certain limitations. This explains why there is very little information on the Internet on opening an account in Uruguay. The best solution for travelers and non-residents is to have a payment card from a foreign bank or an account with a payment system accepted in Uruguay. If you are planning to relocate and live in Uruguay or move your business there, you will definitely need a bank account. In this case, you should first get a residence permit, and then go to the bank. Read the post for more details.
Is there a difference between an offshore and a foreign company? In the modern business world, these are almost identical concepts, although there is still a certain difference. Our experts will tell you these nuances in a new article.
Which countries have the lowest standard VAT rates in 2023? Explore the value-added tax rates across the world and look behind the figures. Low-rate VAT countries. Zero-rate VAT. Higher VAT rates by country in 2023. Benefits of low VAT rates vs benefits of high VAT rates.
The international web3 summit Synopsis announced that its 6th edition will be held offline in Istanbul on October 5–6, 2023. Synopsis Istanbul is devoted to all things digital economy and web3. It suits seasoned industry professionals, newcomers, projects willing to broaden their reach, and individuals eager to know where the industry is heading next. The […]
Both Liechtenstein and Luxembourg are extremely prosperous European jurisdictions and life is comfortable in both places. There are a few differences between the two Duchies, however. In particular, the taxes are lower in Liechtenstein while social protection is a bit stronger in Luxembourg.
