If you are looking to open an offshore bank account, then there are many countries across the world where you can do so. The word offshore means that the account is located in a country which is outside the country of citizenship of the investor/account holder. Countries like Panama, Switzerland, and Singapore are popular choices…

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What is an Apec Business Travel Card? The Apec Business Travel Card (ABTC) is a travel document designed to make travel for business persons of APEC participating countries easier. Business owners, managers, and investors who frequently travel for work across APEC countries can enjoy certain immigration/customs privileges by holding an Apec Business Travel Card. The…

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An economic collapse would mean a grinding halt of economic activity. It would mean banks closing down, trucks stopping on highways, lack of food in the supermarket, high unemployment, no access to electricity and water, and a whole bunch of other hardships. Many countries in the world have faced economic collapses before. Yugoslavia in the…

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What is Residency?    When we talk about residency for tax purposes and you only live and do business in one country the rules that apply are very simple.   If you are a resident of Canada (you live there) Canadian tax rules apply.   As you start to do business in multiple countries, have customers elsewhere,…

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Opportunities in Georgia (country)  Georgia is quite an interesting place. Even though it might not be the most refined country in the world, there are lots of advantages for doing business here.  This a business–friendly environment, banking is very good and sophisticated and forming a company is not complicated. You only pay tax on distributions,…

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Inheritance tax in the UK is the tax that one is liable to pay on any assets which a deceased person has passed on to a legal heir or inheritor. These assets could include property, money, investments, vehicles, payouts from life insurance policies, and any other possessions. When a person dies, the government estimates the…

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Things to consider when buying a second passport We all know that buying second citizenship is not an easy decision to make. You probably did lots and lots of research before taking any action. There is lots of data out there about this topic, however, some of it is outdated and not valid anymore. Some…

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Things to consider when building an international structure  It’s very important thing to note from the beginning that there is no one size fits all structure for a business, investment, operation, etc.   Every case is different and there are lots of things to consider:   Who are the owners?  Who are the customers?  Where are the suppliers?  What type of business is it?  Where…

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What’s the Difference Between Residency and Citizenship?  There is a lot of confusion when it comes to this topic. Many people don’t understand the difference between residency and citizenship.  A residency permit gives you the right to live and possibly work in a particular country.   Citizenship gives you access to their passport, and also typically gives you the right to vote. It also might change what benefits…

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