The Korean government is set to reform its inheritance tax system to alleviate the tax burden on heirs, thus aligning with the global trend. Korea is one of only four countries (US, UK, Denmark, Korea) among the 38 OECD member nations that has an estate-based tax policy imposing taxes on the total wealth of the […]
Without the doubt, Dubai is not just a strong brand, but in a league of its own. Take for instance the global real estate market where Dubai is a key player. The city’s prime residential market is experiencing robust growth, with property values rising approx. 6.8% and rents growing by a record-breaking approx. 23.5% in […]
I wake up to a sunny morning in Dar es Salaam, the six-million-strong coastal metropolis of Tanzania, and soak in the atmosphere of the last day before flying back home to Dubai. Why am I here? Last year, we added six African countries to our website, where we began offering our services to ambitious entrepreneurs […]
In our earlier overview of Luxembourg’s corporate tax system, we outlined the rates applicable through 2024. With effect from tax year 2025, Luxembourg has reduced its corporate income tax (CIT) rates by one percentage point, further strengthening the country’s position as a leading European business and financial hub. The fundamentals remain unchanged: corporate residents are […]
Dubai’s real estate market is expected to stabilise in 2025, with rent increases remaining steady, but slowing down in comparison to 2024. This trend is attributed to an abundant supply of over 72,300 new residential properties this year, an increase of 171 per cent to the previous year. Areas like Jumeirah Village Circle (JVC), Mohammed […]
As mentioned in our previous article on 18 July 2024, Oman is set to become the first Middle East country to launch personal income tax, originally from January 2025, however its launch has been postponed to approx. 2026 due to the need for further analysis. Oman has recently issued a new draft of PIT with […]
In the first two parts of this series, we looked at Luxembourg’s unregulated and regulated investment vehicles. In this final part, we turn to the third category: indirectly regulated vehicles, whose supervision by the Commission de Surveillance du Secteur Financier (CSSF) operates not at the level of the fund itself, but at the level of […]
It is good to return to a home country. Once in a while. It is also good to be able to leave. I have just spent 10 days in my beloved Slovakia, with my parents and sister experienced one of the most peaceful and beautiful Christmas that I remember. Yes, time works wonders, a person […]
In Part 1 of this series, we looked at Luxembourg’s unregulated investment vehicles, in this second part, we turn to regulated investment vehicles – funds which require prior authorisation by the Commission de Surveillance du Secteur Financier (CSSF) and remain subject to its ongoing prudential supervision. Regulation brings higher set-up and running costs, but in […]
The Intellectual Property (“IP Box”) regime in Cyprus offers one of the most attractive frameworks in Europe for companies and individuals seeking to monetize its intellectual property rights. Under this regime, qualifying IP assets — such as patents, software, and other copyrighted innovations — benefit from significant tax advantages through an 80% exemption on qualifying […]
