[embedyt] https://www.youtube.com/watch?v=K3d9_xuUDE4[/embedyt] 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…
[embedyt] https://www.youtube.com/watch?v=FJBVecDLJGM[/embedyt] 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…
[embedyt] https://www.youtube.com/watch?v=b9sx9LFTfCU[/embedyt]What is asset protection and how to think about it properly Asset protection is generally about two things. Firstly, diminishing the risks of having your assets threatened, and secondly if someone actually goes after you make sure that you decrease the amount they can get. It is all about keeping what you’ve got. So…
[embedyt] https://www.youtube.com/watch?v=702is-4nxWg[/embedyt] Today we will talk about what are trusts, how they work and which are benefits of using trusts. What is a trust? Trust is commonly confused as being a corporation. Trusts are not like corporations, they’re not legal entities per se. They are instruments, relationships between various parties. Historically, trusts come from the…
[embedyt] https://www.youtube.com/watch?v=bsuO06bpb6A[/embedyt] You’ve probably head the famous expression ‘’you get what you pay for’’. Well, I have to say that I don’t necessarily agree. You don’t get what you pay for, you get where you pay for. The value you get, more often then not, is based on where you buy things. Shopping deals Let’s…
[embedyt] https://www.youtube.com/watch?v=hZTHRNAafow[/embedyt] Why would you want to do this? Going outside of borders of your own country can bring you many advantages. When the market is down in one place, it might be up in the other one. Same goes for risks – if it’s risky in one place, situation might be better somewhere abroad.…
[embedyt] https://www.youtube.com/watch?v=5nA_zDF2yUs[/embedyt] EMI is an institution that reminds a lot of a bank, but they don’t hold your money. EMI that you’re most familiar with is TransferWise. Is your money safe there? It is always good to consider safety whenever you’re dealing with a financial institution. EMI-s are not an exception. Here, there’s another level…
[embedyt] https://www.youtube.com/watch?v=FZgcLrRtpTk[/embedyt] Hungary is growing in popularity, as some traditional places like Cyprus or Malta are becoming less popular. It is quite easy to open a company in Hungary, it’s easy to open bank accounts. Banks in Hungary are quite good. You will have an easier time banking in Hungary than many other EU countries.…
[embedyt] https://www.youtube.com/watch?v=3XYPaaDbzs0[/embedyt] The best time to plant a tree was 20 years ago. The second best time is now. Changes in Citizenship by investment programs are happening quite frequently. Before 2017. Vanuatu Citizenship by investment wasn’t a great option. If you waited for Cyprus, the price has gone up! Now you need to donate an…
[embedyt] https://www.youtube.com/watch?v=mZXsJ9DCt6U[/embedyt] We are restricted based on where we’re born. It isn’t fair but it is what it is. Someone is born in Switzerland or Canada, and someone is born in Nigeria or Syria. Cards were dealt that way, and we have to play with them. Well, the truth is that you can discard some…