Tax haven jurisdictions have always been popular mainly because of giving ways to save on taxes. There are still many businesses when using of offshore companies is very beneficial. Apparently existing anti-avoidance rules make them merely “tax-neutral”. First world countries with high level of taxation are very unhappy with existence of tax havens and take all measures to eliminate benefits of using offshore companies by their citizens.

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The concept of Trust originates from English Common Law and is recognized in most English speaking countries. The essence of trust relationship is that the founder of the trust (Settlor, Trustor, Grantor) passes his assets to another person (Trustee) so that the latter hold and manage them for the benefit of a third party (Beneficiary).

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International tax planning means development of the most fair tax regime for the taxpayer. Globalization brought new opportunities for both resident and non-resident individuals and legal entities. Based on our practical experience the following are useful tips for those who want to save on taxes.

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Don’t take it easy. Tax fraud is a criminal offense, a felony that in most countries is punished by serious fines and imprisonment. Tax fraud is having place any time when you deliberately pay less taxes than you are subject to or wrongly claim a tax repayment by acting dishonestly.

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There are over 70 jurisdictions and territories in the world providing for tax-free regime to offshore and/or non-resident companies. All of them have a comprehensive range of services and benefits for international business. It may appear difficult indeed to choose the best one for you.

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More and more private investors access international financial markets online. All of them have to deal with foreign tax issues. The result of that are numerous questions. Following our recent article “Why a Private Investor May Need an Offshore Company” we answer questions on taxation and reporting of U.S. traders using offshore companies.

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Internet speckles with titles like “Financial globalisation ends offshore financial centres” and “No onshore or offshore, just good and bad”. What’s in this for our clients? This post is following some recent publications in anyway referring to further existence of the “offshore jurisdictions”.

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No matter what is that you are going to do offshore, out of your home country territory, set-up a business or open a private bank account, you might have to present some public documents in another countries. Documents, both personal and corporate, produced in your home country, signed by a Notary, lawyer or other public official, are considered to be valid anywhere in its territory. But when you take them abroad who knows and who can prove they are correct and valid?

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Here we made an attempt to analyze the key factors to consider when choosing between three currently existing legitimate economic citizenship programs, in Dominica and St.Kitts & Nevis, tropical paradise islands, and Austria, a highly civilized European country. Results of this brief research are presented for your attention in the below table.

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Good question. Nowadays you can often face warnings of «well-wishers» about placing your money offshore. Something like if you bank in your home country you can be secure in the knowledge that your money are insured by the government and no such guarantee exists with offshore banks.

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