Finland is famous for a couple of things. Finnish people are the number one coffee drinkers in the world! Besides coffee they also enjoy saunas. Here you will be able to find a sauna in a Burger King fast-food restaurant. Downtown in Helsinki there is a famous Ferris wheel that has a sauna pod. So…

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Sweden is one of the places with the highest taxes in the world! If you earn wage here, the top tax bracket is taxed at 58 %, plus there are social contributions for the employer (around 31%) and there are pension contributions (7%). Having those percentages in mind, it’s clear that you have to give…

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An interesting blend of east and west Estonia is an interesting country! It is a former Soviet block country on the coast of the Baltic sea which connects it to neighboring Finland.  It is quite different from other countries that shared the unfortunate communist past. Estonia, back at the time had Western media. The Soviet…

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E-residency in Estonia Estonia is the first place to introduce e-residency. However, it is not the only country that has it. This feature is becoming a popular trend nowadays.  But what e-residency actually means?  There are lots of misconceptions when it comes to this term.  E-residency is essentially a government ID that foreigners can get,…

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Opportunities in Dubai  Dubai is an interesting place for business owners. You probably noticed a 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…

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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    Small but very developed country San Marino is the 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 a…

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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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