When Cyprus was admitted to the European Union on May 1, 2004, an additional beneficial tax system was added to the list of favoured EU tax planning jurisdictions, alongside the Netherlands, Dublin and Luxembourg. Cyprus offers an advantageous tax regime, to all taxpayers investing in or through the island, allied to an extensive network of […]

How to Form an Offshore Company Offshore company formation means structuring one’s business, as well as holding assets, outside the country of one’s citizenship (for a private person) or outside the jurisdiction of registration (for a corporate entity). The word “offshore company” can include several legal entities such as an offshore corporation or an offshore.

(1) INTRODUCTION TO INTERNATIONAL TRUSTS What is a Trust For the purpose of attracting foreign investors to establish international trusts in Cyprus, the International Trusts Law of 1992 has been passed which deals with the regularization of international trusts. The new law is not a self-contained law on trust but it builds on the existing […]

You automatically acquire a citizenship at birth because of where you are born or because of the citizenship of your parents. You can acquire a second citizenship in another country by naturalization after years of residence or in some countries quickly under an economic citizenship program. Obtaining a second citizenship can give many benefits. Benefits […]

Albert Einstein is credited with saying, “There are only two things that are certain in the universe – death and taxes.” Whether or not Einstein indeed said those words is debatable, but the message carries with it a kernel of truth that is both funny and frightful. Even more amusing is the notion that for […]

Following the examples of St. Kitts and Dominica, Grenada recently passed a bill allowing foreigners to purchase citizenship in exchange for investment into the country. The Grenada Citizen by Investment Act of 2013 will grant the full rights of citizenship to foreign investors in an effort to stabilize the nation’s faltering economy. The bill, which […]

The first half of 2013 has seen record-breaking numbers of U.S. citizens renouncing their citizenship in a single year. As the trend to renounce US citizenship continues to gain traction on a worldwide scale, Switzerland has distinguished itself through its extraordinarily high expatriation rates. In a recent speech at an American International Club dinner, Donald […]

During the first half of 2013 alone, the number of people who formally renounced their American citizenship reached 1,809, topping the previous annual high of 1,781 set in 2011. If this trend continues, 2013 will have more than double the national record for renunciations in a single year. Tax professionals point to the IRS’s crackdown […]

Significance of Asset Protection All assets and properties are hard-earned and they deserve to be protected. Earning wealth is very important, but learning to protect the assets earned is far more important. If you don’t know how to protect your assets, you may eventually lose your assets. Everyone earns money to acquire assets, and the […]

Many international media summit of G 20, which took place in April 2009, was presented as a conference against offshore countries, described as the cause of all the problems of the world economy, along with frightening derivatized financial contracts (suschestvuyuschmi, by the way, since the 16th century). In fact, the situation is different. At the […]