News & Articles | Page 35 of 59

In the context of stricter international tax rules and increased cross-border information exchange, simple tax planning schemes previously used have become ineffective. The use of offshore companies without a real economic presence, or the mere existence of a foreign bank account, no longer ensures tax neutrality or legal certainty...

In the circumstances of today's market it is almost impossible to exist without various banking services. Remittances abroad, payment of invoices and receiving loans, various subscriptions and banker's checks, wage and currency exchange – in short, relationships with various financial institutions became the mandatory attribute of a modern life...

First of all we would like to clarify what tax residency certificate is and in which cases it is useful to receive such. By its definition tax residency certificate (also sometimes called tax domicile certificate) is an official document issued by respective authority confirming tax residence of a company or a legal entity in a given country...

Before to consider the types and characteristic features of any specific offshore jurisdictions, it is necessary to define the concept of an offshore area or the offshore jurisdiction, and also to determine the main purpose of the territories, which provide for special conditions for private investors and businessmen.   Legal reference: The term offshore jurisdiction, in international law, refers to the international financial centres, which attract foreign investments and capital by providing various tax, customs and other benefits...

Despite the growing resistance and struggle of the world powers with the so-called offshore areas, the implementation of entrepreneurial activity from the territory of offshore jurisdictions remains an effective and, what is the most important – demanded tool for business optimization. Today, a lot of international legislative initiatives, which are aimed at complicating the procedure of reducing the tax level, are taken, but the number of those who wish to register a business in the tax-free haven is not decreasing...