Opportunities in Dubai  Dubai is an interesting place for business owners. You probably noticed socialist trend that has been growing in recent years, all over developed world. Lots of people and politicians believe that nobody should be very wealthy, and that those who make big amounts of money should be taxed heavily (even more than…

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Life in Dubai  The United Arab Emirates, sometimes simply called the Emirates, is a country in Western Asia at the southeast end of the Arabian Peninsula on the Persian Gulf.   UAE is a monarchy that consists of a federation of seven emirates: Abu Dhabi (also the capital), Dubai, Ajman, Fujairah, Ras Al Khaimah, Sharijah and…

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Tax Treaties  Tax treaties are introduced in order to avoid double taxation.   Let’s say that you have a company in Canada but are also doing some business in the USA, so you have an office there. So the USA will want to tax you because you have an office there, but Canada also wants to…

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Opportunities in San Marino    San Marino is third smallest country in Europe, after Vatican and Monaco.   It’s an enclave, which means that it’s completely surrounded by another country, in this case Italy.   There are 35 000 people living in San Marino.   This is the place that has very high quality of life. It’s among…

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International tax planning for Italians    Any time we look at international tax planning we want to pay attention to the three pillars of residency:    -Residency of the company. You will want to have a company that’s outside of the country in order to decrease the amount of tax paid.   Italy’s base tax rate…

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Participation exemption  Traditionally if you had dividends paid to you from a company that would be taxable.   Very often you’d have that company owned by another company and they would receive dividends tax free.   The question is what if that company was foreign?    Let’s imagine you have a company in Bahamas, and that company…

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Tax avoidance VS Tax evasion  Lots of people have misunderstandings when it comes to terms tax avoidance and tax evasion. They are not really certain whether those are synonyms or not.   Let’s make it clear – Tax avoidance and tax evasion are two different things!    Tax avoidance is fine, it is completely legal while…

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What is substance    Substance is getting more and more important. We witnessed tighter and stricter regulations is the recent years, and we can only expect it to go worse with time.    So what is actually substance?   Well, it means that you have something going on behind your structure.     Traditionally, the most popular…

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Real estate investments in MNE  Investing in Montenegro’s real estate might be very interesting to foreigners for two reasons:  As we mentioned before, Montenegro has citizenship by investment program  It might be interesting from investment point of view    If you are looking to invest in real estate there are few things to consider. You…

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CRS and Automatic exchange of information Today we are talking about the advantage that Montenegro currently has that attracts people to come and bank here. What we mean here is automatic exchange of information and common reporting standards. Well, those will not be your issues if you are here.     In 2009. bank secrecy around…

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