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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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 There is lots of data out there about this topic, however, some of it is outdated and not valid anymore.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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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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  There are many countries that offer residency by investment programs. Many offer multiple options to choose from, making it very appealing to wealthy foreigners.  Generally speaking, if you are a high net worth individual you will be welcome in most places. Since lots of countries like foreign capital, you will have an open front…

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An easy South American country to become a permanent resident Uruguay is a country in the southeastern region in South America. Uruguay is home to about 3.44 million people and its capital is Montevideo. With an area of approximately 176,000 square kilometers (68,000 sq mi), Uruguay is geographically the second-smallest nation in South America, after…

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Welcome to one of the richest countries in the world The United Arab Emirates is an Arabian Peninsula nation settled mainly along the Persian (Arabian) Gulf. The country is a federation of 7 emirates. Abu Dhabi, the island capital, is home to Sheikh Zayed Grand Mosque, with crystal chandeliers and room for 40,000 worshipers.  The…

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The country with an increasing standard of living Thailand is becoming more and more popular destination for permanent residency of many business people. This country has a warm climate, beautiful beaches, affordable prices, and business-friendly environment so it’s not a surprise that many modern entrepreneurs decide to settle there.  Residency by investment in Thailand has…

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Obtaining Portuguese Residency (Golden Visa Application) Portugal offers a very appealing option for foreign investors, it’s known as their golden visa program. This is probably the most popular program of that kind in Europe due to its flexibility and multiple benefits.   Portugal’s residency by investment program was first launched in 2012. and has been only…

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Permanent Residency in Paraguay Paraguay is a landlocked country, bordering with Argentina, Brazil, and Bolivia. Due to its central location in South America, it’s often referred to as Heart of South America.  It is quite simple to settle in Paraguay. This country has a very favorable territorial tax system which means that offshore revenues are…

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