Crystal worldwide Blog

Trusts & Tax Planning

Trusts can be quite useful when it comes to tax planning, helping your beneficiaries minimize their tax liabilities. However, there are a few things you need to know, especially if you are planning on setting up an offshore trust.

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Tax Evasion vs. Tax Avoidance

Following the leak of the Panama Papers earlier this year, there has been much talk about tax evasion and tax avoidance and cracking down on the global elite to make sure they pay their taxes.

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Your Guide to Bank Secrecy

Bank secrecy refers to a type of legal requirements that exists in certain jurisdictions prohibiting banks from providing authorities with information about their customers and the accounts of their customers except in certain situations, such as when there is a suspicion of money laundering or a criminal complaint has been filed.

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How a Second Citizenship Can Affect Your Tax Planning

A number of countries worldwide allow for dual citizenship. The advantages of dual citizenship are no doubt numerous. In many cases, it makes travel easier, expands property ownership possibilities, and provides access to two social service systems.

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Why Is Ireland Such a Popular Mid-Shore Jurisdiction?

Ireland can be characterized as a mid-shore tax jurisdiction, meaning that it allows non-resident companies to register in the country, providing them with a lower tax rate and allowing them to create banking accounts anywhere in the world.

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The Most Popular Mid-Shore Jurisdictions

Unlike classic offshore jurisdictions, mid-shore jurisdictions adhere to all international standards on tax transparency while also offering a favorable, more interchangeable tax rate.

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Is an Offshore Company Right for Your Business?

An offshore company is a company registered in a jurisdiction where it doesn’t conduct the majority of its business. While offshore companies sometimes have a reputation as being illicit or shady, they are absolutely legal to set up and to use

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