Foreign Earned Income Exclusion US tax laws are some of the strictest in the world. If you are a US citizen, then it does not matter where in the world you live. You must pay taxes on all your domestic and foreign income. The only way to stop paying taxes to the IRS is by…
Why Delaware? If you’re an entrepreneur you probably notice that Delaware is a place where many people go to incorporate. Whenever I’m on Facebook reading posts and comments about forming a company many say that Delaware is the best option out there. Besides Delaware, Nevada, New Mexico, Florida, and Wyoming are among the most popular…
Where to go if you want to form a company abroad? Before we start pointing out which are the best places to form an offshore company it is important to note that there is no such thing as one place that will fit everyone. If someone is trying to sell you a particular place,…
Tropical island or something else? When people think about the term offshore, the first picture that comes in mind is tropical, paradise island. They imagine secret bank accounts, hidden in unknown locations. They think of places such as the Cayman Islands, or the Bahamas. However, this couldn’t be further from the truth. When we think…
Spain- a beautiful country with high taxes Today we are in beautiful Marbella and we will be talking about taxes in Spain. Marbella is a tourist haven of Spain, one of the most attractive areas in Europe for retirement. It’s sunny and warm even in October and real estate is remarkably cheap, so it doesn’t…
Strict tax authorities and high taxes It’s worth noting that German tax authorities are quite strict. Probably the most aggressive in the entire EU. If you are from Germany you must follow all the rules, otherwise, you will certainly run into problems. On the surface, German taxes don’t seem that high. The standard tax rate…
If you are traveling to the USA you will certainly notice that the trend of socialism or social democracy that’s on the rise. Bernie Sanders is gaining popularity, there’s lots of pressure to raise taxes for the rich, there’s lots of talk about income inequality. The interesting thing is that the American revolution started because…
Why is Bulgaria an interesting place? Well, we’d say that there are three main reasons: It’s easy to get a residency Low taxes Costs are quite low Bulgaria has a flat 10% tax rate and 5% on dividends. We will do a separate video and article on the topic of Bulgarian taxes. This is, in…
Tax planning for residents of Denmark Denmark is quite an interesting place. In my opinion, Copenhagen is a mix of Amsterdam and Helsinki. There are bikes all over the place, maybe even more than in Amsterdam. Culture is very progressive and open-minded. However, taxes in Denmark are among the highest in the world. Their top…
Today we are talking about the subject of tax residency in Norway. Norway is one of the most affluent countries in the world. GDP per capita is within the top five. Like other Scandinavian countries, Norway has quite high taxes. It also has a good quality of life and good social programs. Because they have…
