Living in Luxembourg brings many advantages. The country has a favorable geographic location and an advanced economy. It is safe, friendly, and very peaceful. The banking sector is extremely strong and job offers are plentiful. At the same time, the cost of living is comparatively high in Luxembourg. Real estate in particular costs much less in the neighboring countries of France, Germany, and Belgium.
Retiring to Turkey: why is it a popular idea among Millennials and people of other generations? The main advantages the country has to offer. The rating of best retirement spots for foreigners.
Tax when buying property in Turkey. VAT on real property. Annual property tax in Turkey: commercial properties, residential properties, land plots with building permits, and land plots with no building permits. Income tax on residential property sale and rent in Turkey. Rates of income tax on residential property sale in Turkey for individuals. Rental income tax in Turkey. Inheritance and gift taxes. How do you pay property taxes in Turkey?
Are you considering Serbia for relocation? There are many things you should know about the country before you make a final decision to migrate, and Serbia is no exception. Of course, the most burning issue is money: you have to earn enough for the lifestyle you are used to, or maybe for your family. What is the best way to earn money in Serbia? Who gets the highest salary? Which professions are the most popular? How easy is it to get a job locally – or is it better to work as a freelancer? Read the article to find the answers to these questions and much more. Contact our specialists if you need help.
Immigration to Europe – how much is an entry visa? How much does it cost to go to Europe? Is medical insurance expensive in the EU? Housing prices and rents. How much money do you need to get a visa to Europe? Bank account as your first step to getting permanent residency in Europe. How to move to Europe and how much will it cost you? Related expenses. Can I afford to live comfortably in the EU? How can I move to Europe to become a permanent resident or get a residence permit therein in 2023?
Serbia welcomes foreign nationals wishing to come and live in a peaceful, beautiful, hospitable, and rapidly developing European country. Citizens of many countries can stay in Serbia for extended periods without having to apply for visas. Besides, there are several routes to legal residence in Serbia and some of them do not require too much effort nor money.
Why was Switzerland named the best country overall? Living standards and safety in Switzerland in 2023. Business immigration to Switzerland. Living standards, social goals, crime, and security. Switzerland as an ICT hub. Fintech infrastructure in Switzerland. Healthcare and longevity. Is Switzerland friendly to expats? How authorities treat expats in Switzerland. Immigration to Switzerland: prospects for 2023. Living and working in Switzerland – level of friendliness does matter for would-be immigrants.
Is Switzerland a part of the EU? Currently no. Our experts will tell you about the position of one of the richest countries in the world on joining the European Union.
If you put your house in trust to hand it down to your children, they will not have to pay any inheritance tax when they become the rightful owners of the house after your death. If you create an irrevocable trust, it will also efficiently protect your property from creditors. No one will be able to take the house away from your children even if you leave debts behind when you die.
Is registering a foreign LLC associated with any disadvantages? It is, if you compare forming an LLC with forming a company of a different ownership structure. For example, registering an LLC costs more than registering a sole proprietorship or a partnership. An LLC is a less powerful instrument of attracting investments and raising funds in comparison to a corporation. There are some other LLC disadvantages but they are outweighed by the number and the nature of advantages that this form of company ownership has.
When an irrevocable trust is created, the Settlor surrenders the property ownership rights to the Trustee who becomes the legal owner and manager of the property. Can the Settlor regain control over the assets put in trust? He/ she can, but the task is rather complicated.
What is asset protection and how does an LLC protect you? When do LLC protections fail? Does an LLC protect your personal assets – strategies that work. Basic legal strategies to use an LLC to protect personal assets of the owner. LLC liability protection for founders – conclusive statement. Professional assistance and individual consultations from International Wealth for more efficient asset protection and LLC formation.
Are you going to set up a trust to keep your assets safe for yourself or for your progeny? Or maybe you are looking for a stronghold that will ensure the protection of your funds from creditors or relatives? You may also be a trust owner – and in this case, you have to keep your finger on the pulse of the trust laws. This article is for all of you who need updated information on the functioning of trusts and the degree of confidentiality which is currently possible. Our experts will tell you about the two important European directives and changes that have taken place in the European legal framework.
Peculiarities and benefits of the London payment system. Types of accounts, fees, and terms. Support and assistance from our experts.
Starting a business in Gibraltar and making use of the advantages of this jurisdiction and the benefits of an account in the UK payment system. Key requirements; expert support and assistance
Learn how to open a Swiss bank account remotely in 2023. Professional assistance with your Switzerland bank account application. Services and tariffs. Private bank accounts in Switzerland for non-residents at a reasonable price, conveniently and promptly.
If you create a trust in an offshore jurisdiction such as Nevis, for example, it is going to be tax-exempt if certain conditions are met. Namely, the trust Settlor as well as the trust Beneficiaries have to be tax residents of some other country. Similar opportunities exist in Cyprus. Setting up a trust in other European countries is also possible but not so attractive because taxes are usually due there.
When you create a trust, you can appoint a physical person or a legal entity the trustee. Hiring a corporate trustee is preferable in many cases. A company will have trust management experience and all the necessary specialists on the staff. Besides, the company can be domiciled in a low-tax jurisdiction, which can help you save on taxed.
Banking services for corporate and individual foreign clients in Belize: key advantages, terms and conditions, required documents. Expert assistance and support.
A new deluxe residential complex is under construction in Dubai, the UAE. Purchase of an apartment or a penthouse in Cavalli Tower located next to Dubai marina will make you qualified for a ten-year residence permit in the country. The prices are comparatively high but when the construction project is completed, they are going to be much higher. There is no time to waste!
DAMAC Towers by Paramount Hotels & Resorts is a luxurious residential complex in Business Bay, an elite district of Dubai. Apartments are for sale there. Studio, one-, two-, and three-bedroom apartments are available. The apartment areas are from 59 to 162 square meters.
British trusts have to pay taxes on their incomes. New tax regulations have come into effect in 2023 and they mostly affect trusts created by British citizens and legal residents in foreign countries, the so-called non-resident trusts.
What types of trusts exist? Is an offshore trust better than a domestic trust? What expenses can be paid from a trust? Is trust income considered earned income? What taxes do trusts have to pay? Can a beneficiary withdraw money from a trust? How does money come out of a trust? Does money in a trust count as an asset? These and other trust-related questions are discussed in the article.
Where do the rich live in Türkiye? Which Turkish rich neighborhoods are most preferred by businessmen, investors, and HNWIs in 2023? What is so special about Ottoman-era yalis, elite mansions, European-style palaces, high-end villas of celebrities, and grand apartments in Turkey?
