Recent content by Verbatim

Please check PM, thanks.

- Have you heard of actual stories of people who have a company through which they receive a salary failing to procure the tax residency certificate? What do you mean by fake company exactly? If the company is capitalized and is paying a salary to its employee that should suffice, right? - Don't...

Australia has territorial taxation? I find that hard to believe.

The tax advantages and because it's in Europe. But it seems like you would need to pay tax that is not negligible at all. I read that you need to create jobs and generally its not straightforward. So I rejected it. Thanks for the help.

The European Union agreed Sunday to provide some €500 million in arms and other aid to the Ukrainian military as it battles Russia’s invasion, in a move the bloc described as a “watershed moment” in its history. The EU’s treaties bar the bloc from using its normal budget to fund operations with...

British leaders plan to introduce legislation in Parliament on Monday aimed at clamping down on money laundering and fraud following Russia’s invasion of Ukraine. The measure would strengthen law enforcement to go after corrupt oligarchs and create a so-called “Register of Overseas...

I have read a number of posts in the forum that outline difficulty and cost in establishing an Isle of Man offshore company. What about if you apply and receive residency in the Isle of Man under the Investor Scheme with 50k GBP investment? Can you then serve as Director of your own company...

In theory yes but whether this will be enforced is another matter.

Some people need to procure a tax residency certificate. This narrows down the list of favorable jurisdictions considerably. Other people are lucky and their home country does not require this so they can live in many more countries.

"There is currently no tax residency designation provided with Economic Permanent Residence, another attractive incentive to being an Economic Permanent Resident. Although Economic Permanent Residence does not afford the applicant with the right to work in The Bahamas, for investors or...

Yes but then maybe you can only get residency certificate and not the tax residency certificate as technically and officially you are not economically active in the island. After you buy property and get the residency you don't have the right to work. You need to apply separately and it needs to...

what happened with Virtual Zone Companies? I read they were under investigation and the almost tax-free status was in peril. Sorry for off-topic but I guess its related to possible rule changes in crypto as well.

OK you have done some serious research on Georgia thanks for sharing. Here are some other developments that shed light on what could happen from here onwards (in any country): 1. Slovenia formerly had tax-free crypto gains > Introduction of 10% tax - investment or professional trading (income...

It is not a law in Georgia, it is a ministerial decision from 2019. Which means it could be repealed more easily than a law. If you follow tax policy you will see that pretty much everywhere it is a rather fluid situation. Same for Portugal, there is no law stating "crypto is tax-free". They...

What was the problem in getting the Tax Residency Certificate for owners of local FZCO's?