Countries

Dominica

9 April 2019

             Capital city:                Roseau  Currency:                    East Caribbean dollar (XCD)      Population:                73,543   Language:                  English     GDP:     …

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Djbouti

24 March 2019

     Capital city:                Djibouti Currency:                    Djiboutian franc (DJF) Population:                942,333   Language:                  French and Arabic      GDP:             …

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Czech Republic

31 December 2018

             Capital city:                Prague      Currency:                    Czech koruna (CZK)       Population:                10,610,947   Language:                  Czech    GDP:   …

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Choosing a Tax Haven – What Are You Trying to Achieve?

25 September 2018

There are 19 different reasons to use a tax haven, some legal, and some illegal. No doubt, there are many more, so when choosing a tax haven, we need to firstly look at our objectives – what are we really trying to achieve? Some of the objectives will be complementary (like saving tax and privacy),…

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Luxembourg Holding Company

6 September 2018

  A Luxembourg Holding Company is a resident company in the tax haven of Luxembourg which operates subsidiaries. Guardian Industries Corp, Amazon, Millicom, PayPal, Apple iTunes, DuPont Teijin Films, Fanuc Robotics, and Skype have all chosen Luxembourg for their European business headquarters. In addition, ArcelorMittal (the world’s leading steel producer), SES (the world’s largest satellite…

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Offshore Trusts

23 August 2018

  Trusts involve a settlor transferring (or ‘settling’) assets (i.e. the ‘trust property’) on the trustees. The trustees manage the assets for the benefit of a person, class or persons (the ‘beneficiaries’). An offshore trust is simply a conventional trust that is formed under the laws of an offshore jurisdiction. Most offshore jurisdictions have sophisticated…

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Special Limited Partnership

21 August 2018

The Luxembourg special limited partnership (SLP) is a highly tax efficient investment vehicle that offers a high degree of contractual flexibility and cost efficiency (as the fundraising and investment structuring is in one jurisdiction). The SLP is exempt from income and wealth taxes and is only subject to an annual 0.01% subscription tax (which is…

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International Business Companies

7 August 2018

Hong Kong, the British Virgin Islands, and Panama have the largest numbers of registered International Business Companies (IBCs). Jointly these three countries are home to over 1.5 million IBCs. The main difference between offshore companies and IBCs is that IBCs are not taxable in the country of incorporation as long as they don’t engage in…

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Offshore Finance Company

26 July 2018

Multinational businesses often finance their Australian business investments with large amounts of overseas debt instead of equity as it is more tax effective for the following reasons: Subject to compliance with the thin capitalisation rules the interest expense is deductible against the Australian business’s profits. Each $1.00 of interest expense saves $0.275 or $0.30 in…

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Costa Rica

1 June 2018

         Costa Rica, literally meaning ‘Rich Coast’ in Spanish, is a country in Central America (bordered by Nicaragua, Panama, the Pacific Ocean, and Ecuador). The name La Costa Rica was first applied by Christopher Columbus in 1502 when he sailed to the eastern shores of Costa Rica during his final voyage and…

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"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"

- Bono: U2