Today we will explain everything you need to know about non-resident companies, and how you could use them to reduce your taxes. Recently I had a conversation with some people about companies in Cyprus. They asked me ‘’Why do so many people go to Cyprus, doesn’t Cyprus have taxes?’’ Well, yes Cyprus certainly has taxes,…
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 of articles…
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 who finance…
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 what…
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. Investing abroad…
