This citizenship by investment program wasn’t that well marketed. The reason for this is because they used to have an old program that wasn’t really good. The new program was created in 2017.  The biggest advantage is that this is the fastest program in the world You will be able to get a new passport…

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In this particular video, we are not talking about Cypriot residents. Their situation with taxes is generally very good, so lots of times they don’t really need to go internationally in order to improve their situation. It’s the other way around – people come to Cyprus to set up a company in order to take…

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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…

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Opening offshore bank accounts is a concern for many of our clients. There are three types of accounts that we’ll be looking at: -Personal accounts -Business accounts -Brokerage accounts Let’s first talk about business accounts. There are a couple of variables here. When we talk about offshore it means that this bank account is outside…

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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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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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CRS and Automatic exchange of information Today we are talking about the advantage that Montenegro currently has that attracts people to come and bank here. What we mean here is automatic exchange of information and common reporting standards. Well, those will not be your issues if you are here.     In 2009. bank secrecy around…

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