Author: Joseph Place | Page 6 of 47

New CRS rules in Singapore


The latest changes in the Common Reporting Standard (CRS) in Singapore. Expert help and advice in a wide range of matters concerning taxation, financial reporting and doing business in Singapore.

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Swiss Bank Secrecy and Anonymous Banking in 2023


Swiss banking secrecy is globally celebrated and taken for granted. Ask anyone where the most reliable banks are. Most likely they will name Switzerland as the epitome of sound banking, economic stability, Swiss franc reliability, and Swiss bank secrecy. Is Swiss anonymous banking safe indeed?

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Do Offshore Companies Pay VAT?


Offshore jurisdictions have preferable regulations concerning VAT payments. Find out more about the rules for correct payment of VAT and possible conditions of zero taxation.

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Springboard Jurisdiction: How Does This Strategy Work?


Dissecting the springboard jurisdiction concept. Visa-free travel springboard. Springboard to move and get your work permit. Investment springboard. Banking springboard. Springboard to increase the number of friendly consulates. Springboard jurisdiction-related risks. Assistance with choosing the best springboard jurisdictions and obtaining a second passport and a residence permit therein.

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Digital Nomad Visa in Spain: How to Get It


In January 2023, the rules for obtaining Spain Digital Nomad Visa came into force. Our experts have prepared an overview of these rules, as well as the main benefits and requirements of this visa.

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Taxes that Business Corporations Have to Pay in Singapore


Singapore remains one of the most attractive jurisdictions for international entrepreneurs. One of the key factors that make it so inviting is the beneficial tax system. The corporate tax rate is only 17% in Singapore, which is lower than it is in most other well-developed countries. In addition, various tax incentives are available to companies working in Singapore.

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Taxation of Offshore Trusts


If you create a trust in an offshore jurisdiction such as Nevis, for example, it is going to be tax-exempt if certain conditions are met. Namely, the trust Settlor as well as the trust Beneficiaries have to be tax residents of some other country. Similar opportunities exist in Cyprus. Setting up a trust in other European countries is also possible but not so attractive because taxes are usually due there.

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Do Offshore Banks Report to IRS?


Perks of offshore banking. IRS and global tax administrations on a crusade against offshore banks. Circumstances when FATCA doesn't work and you don’t need to report tax info to the IRS. When isn't the Common Reporting Standard (CRS) effective? Tax information exchange persists: are offshore bank accounts worth opening? Professional services for you to avoid issues with offshore account setup and tax info exchange.

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Choosing the Right Trustee: Who Can Protect Your Assets in the Best Way?


When you create a trust, you can appoint a physical person or a legal entity the trustee. Hiring a corporate trustee is preferable in many cases. A company will have trust management experience and all the necessary specialists on the staff. Besides, the company can be domiciled in a low-tax jurisdiction, which can help you save on taxed.

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Cavalli Tower by DAMAC in Dubai Marina: Deluxe Apartments in the UAE


A new deluxe residential complex is under construction in Dubai, the UAE. Purchase of an apartment or a penthouse in Cavalli Tower located next to Dubai marina will make you qualified for a ten-year residence permit in the country. The prices are comparatively high but when the construction project is completed, they are going to be much higher. There is no time to waste!

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Limited Partnership in Canada with an Offshore Bank Account in Belize


Are you looking for a reputable jurisdiction to register your business which would not impose an excessive tax burden on you? Canada is the answer. You can register a Limited Partnership (LP) there and use Canada as an offshore jurisdiction: you will not pay any taxes provided that 100% of your income is generated outside Canada. Taxes will be paid in each partner’s place of residence instead. We also propose a good match – a corporate bank account with a reliable bank in Belize. You will get high-quality banking at affordable rates and diversify risks by relying on two jurisdictions.

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