Monaco and the European Union agreed on mutual introduction of automatic tax information exchange, the principality will share the information of the bank account holders to the national tax authority of their tax residence.
The most exotic features of the UAE’s banking system are those money management techniques, which are compatible with the Islam religion’s rules. Even the modern form of Islamic banking prohibits the charging of interests, and that’s why more and more foreign entrepreneurs, who are not even related to the religion, are interested in this financially efficient solution
Banks of the United Arab Emirates are becoming more and more popular among those, who are seeking tax efficient solutions. Thanks to the cooperation between local legislators and the Central Bank, UAE has now an internationally respected financial center.
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.