Andorra signed the agreement on financial transparency (based on the OECD AEoI) with the European Union. The aim of the accord is to prevent clearly the citizens of the EU member states to hide their wealth in the city-state.
An offshore company can buy and use copyrights, patents, trade-marks, and possess know-how and franchise rights.
Banks of the United Arab Emirates are becoming more and more popular among those, who are seeking tax efficient solutions.
According to the Central Bank of Cyprus’s recent statement, 37.5% of all Bank of Cyprus deposit amounts that were above EUR100,000 on March 26 will be converted into bank shares.
Increasing number of international and offshore companies’ owners are expected to change the structure of their business, including also relocation of activities within their groups.
A professional organization called Tax Foundation, has been creating an annual ranking from OECD member countries, based on their taxability.
The Netherlands offers significant taxation discounts on Intellectual property (patents, copyrights, software, etc.) related businesses.
Apart from Malta, Luxembourg is a pretty famous European country for tax planning, because it offers great allowances for royalties and intellectual properties, and it’s also an EU member state.
Apart from Malta (here you can read the first part of our article), Cyprus is a pretty famous European country for tax planning – by using royalties and intellectual properties.
Malta is the perfect European country to manage intellectual property.