Running an onshore or offshore business can be a tricky task. Regulations and laws between countries vary and one can get easily lost in the amount of information out there. We source the best and up to date news from offshore and onshore world, international tax, accounting and banking industries. On top of that, we share our own thoughts and views on all topics mentioned above. We hope you will enjoy our blog and find it valuable.
There are over 375,000 active BVI Business Companies (with approx. 57% owners from Asia and 16% from Europe and North America) facilitating an estimated $1.4 trillion in cross-border trade and investment, supporting around 2.3 million jobs globally and generating $14bn each year in taxes for governments worldwide.
South Africa, Egypt, Morocco, Nigeria and Kenya account for 56% of the Africa’s high-net-worth (HNW) individuals and over 90% of its billionaires. The number of millionaires is expected to jump by 42% over the next decade.
The President of Madeira has rejected plans to end the Portugal’s golden visa scheme arguing that it is good for the growth of island’s economy.
Albania’s Prime Minister, Edi Rama, has announced that the country’s planned Citizenship by Investment Program (CIP), also known as the “golden passport” scheme, will be temporarily suspended.
On November 4, 2022, the Czech Parliament approved a tax on extraordinary profits of energy, petroleum, mining companies and banks + our comment.
Cyprus’ tax incentives have attracted foreign technology firms from all of the world and significantly contributed to the growth of the island’s technology sector.
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