Before we start with the list of countries, it’s important to note that lots of these countries have corporate income tax, but today we are focusing on personal income tax. Many of these countries will have social security, they may have payroll taxes, VAT (Value added tax), property taxes, etc. Just because they have zero…
Types of companies If you’re doing business internationally this topic is quite important to understand. We will try to explain and simplify all the types of companies, so you get a better understanding of what are you looking at when you decide to form a company. We’d say that there are typically three major types…
What happened with Georgia? We’ve already talked about Georgia, and the opportunities available in this country. You can check it out here We’ve also talked about unofficial citizenship by investment in this country. Georgia used to be an interesting place for doing business and banking, you can read more about that here. Unfortunately, Georgia…
Opportunities in Serbia Serbia is a country on the Balkan Peninsula, that has a little over 7 million people. Belgrade is the capital and the biggest city in the country. Belgrade is also the cultural center of Serbia, and this impact goes even beyond the borders of the country. This is mostly reflected in popular…
Canada is a well-respected developed nation that is more than just ice hockey and nature parks. It has a growing economy, a decent job market, and stable legal systems. It has a strong education system and high-quality universal healthcare. Which languages are spoken in Canada? In terms of the language, English and French are the…
The US federal government and state governments describe felony as a crime for which penalty exceeds one year. Note that it does not matter how long a prison sentence the felon serves. The length of the sentence is what counts. Felony is a crime that is more serious than a misdemeanor. The range of crimes…
What does expat mean? A person who lives outside his/her home country and works as a skilled worker, professional, or an artist is considered to be an expatriate or expat. The term expat may also extend to a retiree who has chosen to live outside his/her home country. People have been living in foreign countries…
Today we will explain everything you need to know about non-resident companies, and how you could use them to reduce your taxes. Recently I had a conversation with some people about companies in Cyprus. They asked me ‘’Why do so many people go to Cyprus, doesn’t Cyprus have taxes?’’ Well, yes Cyprus certainly has taxes,…
We encounter many people who think they have an awesome idea about how to reduce taxes. ‘’You know, it worked for my friend. It’s quite simple’’, they often say. The little they know is that what they’re thinking about is not legal, and could potentially do more harm than good. There are plenty of articles…
In our previous article, we talked about asset protection. We mentioned the corporate veil. A brief history of corporations Historically there were no corporations. Corporations have their origin in Holland. At the time there were ship expeditions that would carry goods back and forth between India and Europe. Clearly, you would have people who finance…
