ARTICLES
Benefits of BVI Company Formation and Bank Account Opening
The British Virgin Islands (BVI) is a collection of 50 islands in the Caribbean. With its aquamarine waters and pure white sands, this is a pristine part of the world that is regarded as one of the world’s top sailing destinations. However, the BVI isn’t just an attractive tourist destination. It’s also a prominent jurisdiction for [...]
Overseas Entity Register: Deadline January 31st 2023
What is the Register of Overseas Entities? On 1st August 2022, the UK’s Register of Overseas Entities (ROE) came into effect. Implemented by the Transparency and Enforcement Act 2022, the new Act means that all foreign company owners of UK property or land must submit the correct company information by January 31st 2023. The registration must [...]
Taxation System for Freelancers in The Czech Republic
The Czech Republic, a country in the heart of Europe, known as the majestic city of Prague. What else does it have to offer in terms of business? Well, if you consider your job “a freelance activity” or you are simply a digital nomad, consultant, salesperson, dropshipper, marketing or IT freelancer and your current tax contributions [...]
Registering an Overseas Entity
When it comes to registering an overseas entity, there are certain requirements that need to be followed in order to complete the process correctly. The registration must take place with the Register of Overseas Entities (held by Companies House), and also affects the registrable beneficial owners or managing officers. Once the process is complete, the entity [...]
What is Best for Contractors: In-Office Work or Remote Work?
As the world emerges from the pandemic with more work options available, working remotely has gained vast popularity presenting many contactors with a motivational choice of looking for international clients. Even though some may choose to move abroad and work onsite, there are others who take up on the opportunity to work remotely either from home [...]
The Greece Digital Nomad Visa for Remote Work in Greece
Greece is what most people call a paradise. Who wouldn’t want to work remotely and live in Greece? Surrounded by deep blue oceans and with hundreds of unique attractions. Now, thanks to the new law 4825/2021, non-EU citizens can also enjoy these perks thanks to Greece's newly launched Visa, the Digital Nomad Visa. Everything you need [...]
Introducing New Rules for Work Permits for Sweden
New Rules to Attract More Highly-Skilled Workers From the 1st of June 2022, new rules for work permits in Sweden are in effect and are impacting several types of work permits. The rules apply not only to new applications but also to applications that have already been submitted for the work permit, awaiting a decision. Individuals [...]
Non Habitual Resident (NHR) Program In Portugal
The Portugal Non-Habitual Residency (NHR) tax regime is a largely favourable by independent contractors due to its successful scheme that offers lucrative tax breaks for foreign residents. The NHR seeks to draw in EU self-employed nationals, professionals and citizens of high cultural and economic worth to increase the country’s international competitiveness. What do I need to [...]
The Cayman Islands Visa Programme for Freelancers
Whilst many of us are feeling the confines that the Covid pandemic has brought to our travel plans it is not all doom and gloom for everybody. For instance many exotic locations keen to find a way to negate losses from lack of tourism are offering special programmes for skilled workers to go and work remotely. [...]
France Forced-Heirship Laws
France among other countries has what is termed as forced heirship laws. This means that rather than being able to leave your worldly assets to whomever you please upon your death it is distributed as per their law regardless of your wishes. France has recently amended its succession laws from the 1 November 2021 to include [...]
Seven Tips for Choosing the Right Offshore Bank
An offshore or overseas bank account is what you maintain outside your residential country. It allows you to access banking services in a foreign jurisdiction. Each jurisdiction is unique, offering various pros and cons; hence if you want to enjoy the benefits of offshore banking, you must consider your individual needs and circumstances. Offshore banking units [...]
Benefits of Hiring an Invoice Service Provider For Consultants in Your Business
A business person has a lot of things to deal with along with the employees. Many companies hire consultants, freelancers, and other individuals to work with them for a limited period of time. It can get challenging to make invoices for all of them at the end of the month. Invoice for consulting services is one of [...]
Benefits of Establishing An Offshore Company Setup
“Offshore company” and “offshore company setup or formation” are terms that are pretty commonly used in the business language. In this competitive market, it is vital to have the edge over your competitors, and establishing offshore companies offer you crucial benefits that will help your business stay ahead in the market. What Is An Offshore Company? [...]
What is the Function of an Offshore Trust Jurisdiction?
You may be wondering, what is the best way to protect my assets? With so many choices available and new regulations constantly changing the landscape of asset insurance policies each year, it can be difficult for those just starting in business. The short answer is the Best Offshore Trust Jurisdiction will often provide you with more [...]
Switzerland Preferential Taxation with India
On the 13 August 2021 The Swiss tax authority agreed that Indian residents that receive dividends from Swiss companies will only be liable to 5% withholding tax as opposed to 10%. This preferential rate is reliant on the Indian tax authority introducing the same. The existing treaty from 1994 between India and Switzerland had the agreed [...]
Dubai and Crypto Currency Taxes
Cryptocurrency has only been in circulation since 2009, but is gaining in popularity. Its fluid and insubstantial form pose a problem for many jurisdictions that are scrambling to introduce ardent filing to bring in capital gains taxes on this currency. Dubai at present has 0% personal income tax. This means that there is zero tax on [...]
South Korea Special Taxation of Foreign Workers
Countless countries across the globe have introduced advantageous tax regimes to attract skilled foreign workers in an effort to combat the economic impact of the Covid 19 pandemic and South Korea is no exception. South Korea is not a place that immediately comes to mind when considering freelancing or contracting abroad, however maybe that would change [...]
Top 3 Things You Must Know Before Starting Contracting in Belgium
Are you a seasoned contractor looking for opportunities to expand your business? If yes, shifting your attention to the country of Belgium would be a great idea. Do you know why? It's because Belgium offers a "large" number of business opportunities that you might want to check out. What else? The Western part of Europe has [...]
