The BVI is a tax haven because it charges no income, capital gains, inheritance tax as well as a number of other taxes. However, companies registered in the jurisdiction are not completely tax-exempt. The payroll tax and the social security tax are due anyway. Besides, annual company registration fees and stamp duties have to be paid.
Complete guide to company registration in Labuan for non-residents. Steps to set up a business in Labuan as a foreigner: as easy as ABC. Benefits of choosing Labuan as your offshore company's jurisdiction for various businesses and industries. Tax planning tips for Labuan in 2023–2024. Labuan offshore jurisdiction in Malaysia: summing up.
Is Dubai an offshore tax haven? This jurisdiction offers very favorable tax conditions for both individuals and businesses, even despite recent changes in tax laws. In addition, Dubai attracts expats worldwide due to its high quality of life, stability, and security. Read about all the advantages of Dubai for foreigners in our new article.
No tax is payable in Panama on incomes derived from foreign countries. For this reason, Panama can be rightfully referred to as a tax haven. Some additional benefits can also be found in the country. These include strategic geographical location, 100% foreign company ownership opportunities, no wealth tax, no inheritance tax, nominee services, and so on.
An offshore tax haven for international companies: is it true about Cyprus? Why isn’t Cyprus a tax haven any longer? Why move your business to Cyprus in 2023: advantages of the local tax system. Is Cyprus a corporate tax haven? Tax benefits for businesses. Is Cyprus a low-tax haven? Tax incentives in 2023. Cyprus’ offshore zone: from past to future.
Learn how you are supposed to pay tax in Portugal. Is Portugal a good tax haven? Tax residency criteria for foreigners. Personal income tax rates in the jurisdiction. Portugal as a low-tax jurisdiction for expatriates with foreign income. NHR status and things you should know about it. Offshore advantages of Madeira – a self-governing region within Portugal. Madeira International Business Centre (MIBC): benefits and requirements for company incorporation.
Some people will claim that using offshore tax havens is illegal but such claims are wrong. Under international pressure, offshore jurisdictions have become totally transparent for tax authorities, which makes it perfectly legal to start an offshore company or open an offshore bank account. At the same time, attractive tax benefits are still available in offshore countries.
How and why are offshore territories established? Why do governments strive to set up offshore zones? What nations have set up offshore zones, and where are they? Offshore company types. What benefits do offshore zones offer for entrepreneurs and governments? What does the government gain from an offshore zone? Offshore perks: popular schemes explained. What are the profitable locations to open an offshore company in 2023–2024? Why would you set up an offshore company – final thoughts.
Making up the list of top offshore tax havens in the world. Rating of the best international offshore tax havens from bottom to top. Bermudas (Somers Isles), Isle of Man (Mann), Singapore, Lebanon, Principality of Liechtenstein, British Virgin Islands (BVI), Turks and Caicos Islands, Jersey, Anguilla, and Bahamas (Commonwealth of the Bahamas) tax havens. Professional assistance from Q Wealth with choosing the tax haven exactly matching your needs.
The decision to offshore depends on one’s business goals, situations, and strategies. While acknowledging the likely offshore perks, it's crucial to weigh all the advantages and disadvantages of offshoring - to be able to mitigate potential risks, make informed decisions, and reap the benefits.
Estonia is a country with the world’s best taxation system, and this fact is recognized by the world’s ratings. Its system is copied by other countries, which is a sign of its high quality. Estonia is attractive for budding entrepreneurs who wish to register a company in the EU: it offers no tax on income reinvested in the business, and it has almost done away with bureaucracy. The reporting in Estonia will take much less time than in other countries, which is appreciated by businessmen. Many holding companies choose Estonia to be the center of their activities. Discover more in the post.
Our new article discusses Switzerland's status as a tax haven for foreign companies and wealthy individuals. Our experts will talk about the country's lump-sum tax payment program, favorable tax agreements, stable political environment, and powerful banking sector.
Do you know that Luxembourg takes first place by GDP per capita? A small country that managed to become so successful is truly worth paying attention to. Luxembourg has its success story that we are going to describe in the article. It has come a long way from a poor agriculture-based country to a present-day financial center and a popular destination for immigration. If you are looking for a stable jurisdiction that is suitable for living, business, or work, consider Luxembourg. The experts of our portal can open a private or corporate account for you here or help with company registration.
Liechtenstein as of 2023: country profile and other useful info. The country’s geographic location, economy, and political status. Is Liechtenstein still a tax haven in 2023? Personal Income Tax in Liechtenstein: progressive income tax system, and tax rates for individuals resident in the tax haven. Business taxation in Liechtenstein: minimum corporate tax, and prevailing tax rates. Tax-exempt companies in Liechtenstein. Taxes on dividends and capital gains.
The economy of Panama is rapidly recovering from the recent global crisis. The growth rates of up to 9% per year are impressive. The service industry is the largest sector of the Panamanian economy: it accounts for three quarters of the country’s GDP. Other large sectors of the economy in Panama are the mining industry and agriculture.
Serbia is a country known for its friendliness to foreigners and foreign business. It’s not in its heyday yet, but the process is actively going on: Belgrade is becoming an international business hub and a point of attraction for entrepreneurs across the globe. Free Trade Agreements make up the framework which creates advantageous conditions and attracts foreign investments. Serbia has signed FTAs with many countries to facilitate trade, each with its own peculiarities. Read the article to see how FTAs work and what benefits you may obtain.
US authorities have arrested Chinese citizens for plotting to create an autonomous Hong Kong-like offshore region in the Marshall Islands. See details in our article.
Serbia IT market as a land of opportunities for industry pros and international investors. Reasons to invest in Serbia IT sector. Innovations and development opportunities for foreign businesses. IT sector overview. Collaboration with leading global high tech companies. National IT ecosystem and talent pool. Favorable business environment in Serbia IT industry. Tax incentives for Serbia IT companies. Serbia as a great place to choose for permanent residence.
Panama is a small country located on the narrow isthmus between North and South America. In terms of economic growth and transformation in many sectors of economy, Panama has the potential to outperform many developed countries. Despite the COVID-19 pandemic, the country is still in the lead, and has not lost its leading position in […]
In the recent years Serbia, a country in the south-east of Europe, has been getting more and more popularity as a place of relocation and starting a business. The country’s good reputation is well-earned, because it is the place, where you can enjoy a European way of life, but at the same time escape the […]
Singapore tax haven: main incentives and benefits, corporate tax rates and requirements, real estate, and residence permits. Expert advice and assistance.
Registration of a company in the offshore Nevis: rules and requirements. Nevis offshore corporate legislation with the right to transfer funds to companies.
