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Company Incorporation in Gibraltar: A Comprehensive Guide by Atrium Associates
Company Incorporation in Gibraltar is one of the most attractive jurisdictions for businesses seeking tax efficiency, financial stability, and a globally recognized legal framework. Atrium Associates specializes in guiding entrepreneurs and businesses through the seamless process of incorporating companies in Gibraltar.
Why Incorporate a Company in Gibraltar?
Tax Efficiency
Corporate tax is capped at 12.5%, making it one of the lowest in Europe.
No VAT (Value Added Tax) and no capital gains tax.
No withholding taxes on dividends, interest, or royalties.
2. Reputable Jurisdiction
Gibraltar complies with OECD and EU regulations, ensuring a reputable status for international operations.
A well-established legal framework based on English common law.
3. Strategic Location
Positioned at the crossroads of Europe and Africa, offering excellent global trade access.
4. Access to EU Markets
While not an EU member, Gibraltar enjoys access to EU markets via its unique agreements.
5. Business-Friendly Environment
Fast incorporation process with minimal bureaucracy.
English is the official language of business and legal proceedings.
Key Benefits of Gibraltar Company Incorporation
Confidentiality: Gibraltar ensures the privacy of company owners and shareholders.
Flexible Company Structures: Options include Private Limited Companies (Ltd), Limited Liability Partnerships (LLP), and more.
Ease of Maintenance: Simple annual filing requirements and minimal ongoing costs.
Banking Options: Access to top-tier banks with multi-currency accounts.
Pro-Business Ecosystem: Home to numerous fintech, gaming, and shipping companies.
Types of Companies in Gibraltar
Private Limited Company (Ltd)
The most common structure for small to medium-sized enterprises (SMEs).
2. Limited Liability Partnership (LLP)
Ideal for professional services and partnerships.
3. Public Limited Company (PLC)
Suitable for businesses looking to raise public funds.
4. Non-Resident Company
Designed for businesses conducting all operations outside Gibraltar.
Steps to Incorporate a Company in Gibraltar
Consultation and Planning Atrium Associates helps you determine the right structure based on your business goals.
Company Name Registration
Select a unique name that complies with the Gibraltar Companies Act.
3. Preparation of Documents
Memorandum and Articles of Association.
Identification documents for directors, shareholders, and ultimate beneficial owners (UBOs).
4. Appointing Directors and Shareholders
At least one director and one shareholder are required.
Corporate directors are allowed.
5. Registered Office and Secretary
A local registered office and company secretary are mandatory.
6. Submission of Application
File incorporation documents with the Gibraltar Companies House.
7. Post-Incorporation Services
Assistance with opening bank accounts and meeting compliance requirements.
Documents Required for Gibraltar Incorporation
Passport and proof of address for directors and shareholders.
Proposed company name and business activity description.
Bank reference letter (if required by the registrar or bank).
Common Uses of Gibraltar Companies
Holding companies for international assets.
E-commerce and online businesses.
Shipping and logistics operations.
Intellectual property management.
Financial services and investment firms.
Why Choose Atrium Associates?
Expertise
Over 20 years of experience in offshore and international company formation.
Tailored Services
Customized solutions for every client’s unique needs.
End-to-End Support
From incorporation to compliance and ongoing administration.
Global Network
Partnerships with top banks, accountants, and legal professionals worldwide.
Get Started Today
Incorporating a company in Gibraltar has never been easier. Atrium Associates offers expert advice and a streamlined process to ensure your business is set up efficiently and effectively.
#Company Incorporation in Gibraltar#company incorporation Gibraltar#incorporate offshore Gibraltar#open company Gibraltar#open offshore company Gibraltar#offshore company Gibraltar
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The jurisdiction has one of the lowest tax rates in Europe. You won't need to be physically present at the Gibraltar offshore company formation. Our experienced team will be able to help you according to your business requirements. We will handle all the legal formalities in compliance with Gibraltar's regulations.
#offshore company in Gibraltar#Gibraltar company formation#setting up a company in Gibraltar#gibraltar company incorporation#gibraltar bank offshore
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A stable offshore jurisdiction with no VAT requirement, Gibraltar is a British Overseas Territory. Reach out to Business Setup Worldwide (BSW) to avail adequate services required for Gibraltar offshore company formation. Our consultants will provide you with professional services.
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Offshore Shelf Companies for Sale: A Smart Business Solution
Offshore shelf companies are pre-registered, dormant entities established in tax-efficient jurisdictions and ready for immediate use. These companies are ideal for entrepreneurs and businesses seeking quick market entry, enhanced credibility, and financial advantages without going through the time-consuming process of starting a company from scratch.
What Are Offshore Shelf Companies?
An offshore shelf company is a business entity that has been legally incorporated in an offshore jurisdiction but remains inactive. These companies are maintained in compliance with local regulations, making them available for purchase and immediate operation.
Benefits of Offshore Shelf Companies
Quick Start
Skip the registration process and begin operations right away.
Credibility Boost
Older companies often appear more reliable, improving trust with clients and partners.
Tax Efficiency
Operate in a jurisdiction offering favorable tax benefits.
Ease of Banking
Established entities often have an easier time opening business accounts.
Confidentiality
Many offshore jurisdictions prioritize privacy and protect company ownership details.
Popular Offshore Jurisdictions
British Virgin Islands (BVI): Known for flexibility and zero corporate taxes.
Cayman Islands: Ideal for international investment companies.
Gibraltar: Offers a strategic gateway to Europe with tax incentives.
Seychelles: Cost-effective and business-friendly for international operations.
Why Buy an Offshore Shelf Company?
Time-Saving
No need to wait for incorporation processes, name approvals, or documentation.
Access to Global Markets
Enter new regions swiftly and capitalize on emerging opportunities.
Professional Appearance
An older entity lends credibility in competitive markets.
Flexible Structuring
Customize the company structure to align with your business goals.
How We Help at BSC Shelf Companies
At BSC Shelf Companies, we provide a wide range of offshore shelf companies for sale, tailored to suit your needs. Our services include:
Fully Compliant Companies: Ensuring all entities are free of liabilities and up-to-date with filings.
Customizable Options: Rebrand or restructure your company for specific purposes.
Expert Advice: Receive guidance from professionals experienced in offshore markets.
Get Started Today
Owning an offshore shelf company is a strategic move to fast-track your business growth and global expansion. Contact BSC Shelf Companies today to explore our inventory and find the perfect offshore solution for your needs.
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Monaco Luxury Lifestyle #billionaires #monaco #short #nightlife #night
This guy next door is a little f** it's even Queen named Joel Watts that's who Trump is and he's a f**** goes out there with a burlap sack on to try and bother me now he's getting fired and Ferrari is first and we're going to let them say
Zues
We certainly are
Hera
There's a big list but Ferrari already told him Lamborghini is next Porsche Bugatti and they said you did not perform our company and the whole list of them are firing him and a ton of his people is a huge day he's getting fired from tons of companies and he's no longer going to be allowed in not to mentioned run them and they're absorbing his talk
Forward to this post there's a lot more to this post and it got lost and we were talking about John remillard and he's getting fired and we moved on into a couple subjects one of them is the gigantic cage you that's below it's part of Morocco offshore there's a island chain there very memorable names and it goes to the Rock of Gibraltar and that location the inlet should be her mouth as you proceeded to the Mediterranean Sea there's an island that has her blood from the Cajun and it's red in this case and it's because of the color of the occasion it is rust red and they're going there now they think it's just a regular Giant and they'll be surprised and there's a ton of people out there already on that island an additional 50,000 and really everything's full and they are pretty equipment to drill and they're bringing it now and the other night obvious how did Bernie man they have about 80,000 people at the lake picking samples testing it and they are using it and they're going to refine it yeah this is going to be huge I'm fairly soon they will start fighting over it and they'll fight over the island and the Rock of Gibraltar area there is a tunnel and he remembers good it's a small one about 80 ft in diameter and it goes vertical straight down at the straits of gibraltar. They're going there now they have about 50 ocean going vessels trying to get in position and they're fighting and they use cruise ships no that's not true but right now they have a couple of warships and civilian ships that are beefy and a few other type of ships but it's and they're only about half mile but there's commotion and it's noticed and then it's a massive massive hunt now on for anyone with information about these Giants and they're looking all over the place and they see our son can see what it is and they're stupid. And moreover lots of them don't know how to look at anything and they could have studied that he doesn't have a chance to this is happening globally soon they'll note the phenomena are the same and they will go to town there's a few more things to know but this is important we are war with these guys the Giants will be up soon and we have 12 and we'll have about 14 in an hour and we need a full complement but this will help. How did burning Man they're going into the tunnels again as he said they're mining the clay and Trump was saying he was but he's not minding that much and they found signs that people are doing it and have him and it is the max and they're down there doing it and for ships and tons of people say it we tested it and we don't get it and they're moving out
Now we're going to publish this big news they were a couple more points about John reavillard getting fired a Ferrari already notified him and they kicked them out and they are firing his people daily and soon if I were him and soon other automobile companies will be firing him he's useless now and they're taking his people out of Chrysler Lincoln and Oldsmobile and Dodge and he'll be removed and has a chair and he will be that she'll be taken they're also taking him out of the huge parts company and they're just mentally that company it's a farce now it's evil there's a couple more items he had a huge share in Budweiser I don't know will you try thinking over recently it was fun to be this little kid who is a pest and Max in it is this kid is bothering him in a way that he gets bothered like a child but really it bothers anyone he was astounded how bad it is and start to tell people now he's got a complete work up and he wants people to see it and go field and taste it it's horrible so he is he is in trouble for that but there's a lot of companies said he's going to lose because people are kicking him out and they don't want him selling stock Monday he's going to run to the stock market and sell tons of things all of it if you can
Thor Freya again more shortly Olympus
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IronFX Review 2023 – Is IronFX.com a Trusted Brokerage?
IronFX is a long-lasting brokerage, present on the financial market for over a decade. As such, it built its reputation, but our research showed that it’s not as stellar. There have been some concerns and fines in the past that we’ll present in our detailed IronFX review.
If you are considering investing, continue reading this report until the end. You might change your mind.
IronFX Platform – A View From 2023
Let’s take a look at IronFX from a 2023 perspective and see if the broker is still worth your time and money.
Firstly, the company has two entities – one regulated in Cyprus and the other one based offshore in Bermuda. It’s important to mention that the offshore company has no license whatsoever and has a branch in Gibraltar as well. Hence, you should be cautious when registering and check well under which entity you belong.
Further, the broker seems quite active, writing blogs and publishing weekly trading news. All this serves as a means to entice retail traders and show them that the company is up-to-date with the financial market.
Let’s not forget the bonuses. If you register with an offshore entity under ironfx.com, the company offers several promotions, including offering 3 luxury cars and cash prizes.
Namely, the broker runs a “Global Trading Race,” offering investors a chance to win a car if they apply for the competition and invest a minimum of $750-2,000, depending on the round.
Winners of each round have a chance to get the following:
Tesla Y Model 2022 or $4K cash for the following 4 places
Maserati Levante SUV + $20K cash prize or $6K cash prize for the next 10 places
Porsche Panamera Platinum Edition + $50K cash prize or $10K cash prize for the following 10 places
The promotion is taking place from the 17th of October 2022 until the 31st of January 2023. Seeing this, we believe new promotions will be active in the near future. If you are applying for any, make sure to read T&C carefully, even the fine print.
Let’s conclude this IronFX 2023 overview. While seemingly reputable, you shouldn’t forget warnings issued against IronFX.
Therefore, check the entity, check your coverage and only invest in what you can afford to lose.
Is IronFX a Legit Forex Broker?
IronFX is a trading brand of Notesco Financial Services Ltd, registered and regulated in Cyprus. The company entered the CySEC register in 2010 as IronFX Global Limited and has changed the owner’s name twice since then.
This could be due to the fact that the brokerage was already penalized by the regulator in the past for its misconduct.
In addition to IronFX’s regulation with CySEC, the firm has the approval of the UK FCA regulator. The company entered the FCA register in 2013 as Notesco UK Limited. Finally, they hold a license from the South African FSCA.
What’s concerning, however, is their offshore entity in Bermuda. This entity is entirely unregulated, and the same company, Notesco Limited, has another subsidiary in Gibraltar. Both of these offer leverage of 1:1000, disregarding ESMA rules according to which leverage for retail traders cannot exceed 1:30.
Let’s continue with our findings and elaborate more on IronFX’s wrongdoings.
IronFX is a worldwide trading brand with several licenses. While duly regulated, the company has over 70% of investors who lose their funds in the end.
IronFX Fines and License Revocations
In 2015, CySEC fined IronFX 335,000 EUR for refusing to approve clients’ withdrawal requests.
According to an announcement from Aug 6th, 2015, CySEC has started an investigation due to media reports and an increasing number of complaints.
Three years later, CySEC fined IronFX another 2,000 EUR over the financial submission failure. Simply put, the company didn’t audit financial statements for the year 2016, which resulted in this penalty.
As a CIF, IronFX was operative in other EU countries. However, in 2015, the firm voluntarily revoked licenses with German BaFin, Italian CONSOB, CBR in Russia, and FSP in New Zealand. They also closed offices in China, Nigeria, and Russia.
In addition, they gave up on their Australian license in 2021 after ASIC warned them due to misleading statements on the website.
With everything being said, it’s clear that IronFX is not the broker you’d first choose.
Official Warnings Against IronFX Broker
Besides everything mentioned above, we’ve got official authority warnings regarding the IronFX broker. The first one was issued in 2015 by the Brazilian Securities and Exchange Commission. According to CVM, IronFX is not authorized to onboard residents from the said country as it’s not approved as a financial intermediary.
In 2017, the Argentinian CNV started its own investigation after receiving criminal complaints regarding Iron FX Financial Services Limited, today known as IronFX.
Finally, in 2019, the Canadian BCSC, the official authority of the province of British Columbia, stated that IronFX is onboarding Canadian residents through their offshore entity in Bermuda.
Since the entity doesn’t comply with regulatory supervision, BCSC warned residents to avoid the firm.
Where Does IronFX Onboard Customers?
IronFX customers mainly come from the following countries:
US
UK
UAE
Spain
France
Germany
Italy
The firm has no license for the US or the UAE, while they voluntarily gave up on their authorization in Germany and Italy.
According to the GoDaddy WHOIS database, the website has been active since Feb 10th, 2008, two years before it received an official license.
We also want to invite you to read updated XBTFX, Swiss4Trade and FTM Trade broker reviews.
IronFX Reviews – Traders’ Experience
At the time of writing, we found 275 IronFX reviews on Trustpilot. However, what’s concerning is the warning regarding fake reviews that were detected and removed.
In addition, the company doesn’t have a great score, being rated as average, with 40% of 1-star reviews.
Here’s an example of what customers are facing:
“Worst broker! I deposited funds through crypto and trying withdrawing through crypto and they kept rejecting the withdrawal. I tried with card and other means and still they rejected my withdrawal. And I contacted them since Dec 23rd 2022 up till Jan 4th 2023, and there is no help. They kept telling me i would receive an email of which it never happened.”
Overview Of IronFX Trading Platform
IronFX trading platform choice is quite alright compared to everything else. The firm offers MT4 and WebTrader.
If you’re looking for a complex platform that can handle even the most advanced trading strategies, you should definitely consider MetaTrader 4 and its successor, MT5. MT4 is the best platform on the market, the favorite choice of over 50% of retail traders such as yourself. It has an amazing range of trading tools, access to EAs, and social trading.
As per WebTrader, it’s available only with the offshore entity. It’s a simple version of MT4, suitable for trading newbies. It doesn’t require installation, as it’s browser-based.
You can find charts and several indicators while it remains user-friendly.
IronFX Mobile App – Can I Download It?
IronFX login is enabled through MT4 mobile apps for Android and iOS. Besides MT4, the company has WebTrader mobile app, which is also compatible with all devices.
It can sync with MT4 and provide all the same features.
Range of Trading Instruments and Markets
The company offers the following trading instruments:
Currency pairs (Forex Market) – EUR/USD, USD/ILS, NOK/SEK
Commodities – gold, natural gas, corn
Shares – Intel, Nvidia, Samsung
Indices – AU200, DAX30, CAC40
Futures – Gold, S&P 500, crude oil
Cryptocurrencies are not on offer, which is quite odd for a company trying to compete for customers.
Fees and Spreads
According to the IronFX Account Types section, the spread varies from 0.0 to 1.8 pips, depending on whether you choose fixed or floating.
Additionally, only the raw spread account has a commission for CFD trading. While this may sound favorable, remember that leverage for customers belonging to an offshore entity goes to whooping 1:1000, exposing your funds to tremendous risk.
Trading Accounts Comparison – What’s the Difference?
Regardless of the entity, you can choose one of the four account types:
Standard
Premium
VIP
Zero Fixed
With each type, the spread is lowering, while on the offshore website, all accounts can be swap-free. However, the minimum deposit is not specified for any accounts, which is odd for a regulated brokerage house.
IronFX Demo Account – Can I Trade For Free?
IronFX Demo account is available on the MT4 platform. Customers can test the system and check if it’s suitable for them.
However, with everything we’ve learned about IronFX, testing doesn’t help. The brokerage proved that it’s not reliable and has issues with customer withdrawals.
IronFX Withdrawals – How Can I Submit a Request?
In case you opened an account with a regulated entity, you can use the following payment methods for IronFX withdrawal:
Debit / Credit Card
Bank wire
Skrill
Neteller
DotPay
The funds will be returned the same way you deposited them, while the excess sum will have to be withdrawn through a bank transfer.
For the offshore entity, payment methods are not specifically listed. However, according to reviews, we can conclude that the company mainly takes crypto payments, which is the least safe option.
With digital currencies, you have no option to request a chargeback.
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Reviews by me: Stephen Jemal
Contact with me via: [email protected]
#IronFX#IronFX Review#IronFX Review 2023#IronFX.com#Broker#CySEC#Notesco Financial Services Ltd#IronFX Platform#reviews by me#Forex Broker#Forex
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How to Choose a Free Bet from an Online Betting Company
In the past few years, online betting has grown tremendously. Today there are more than ever companies trying to get customers to bet. Online betting is a highly competitive industry. To attract new customers, online betting companies offer many incentives. The most common is a free bet.
This article will reveal the most crucial information you need to maximize profits and bet safely. This article will discuss an important element you need to be aware of to make a consistent income from betting - online betting advice services.
The free bets offered by each company may vary, even though the concept remains the same. It is therefore important to take the time to compare the different 베팅룸 승인전화 options when opening a new betting account.
How do you choose a free bet to place?
This article will provide you with some useful advice about how to choose the right online betting firm.
First, choose an online betting company that is reputable. The vast majority of these companies are fully regulated, and are safe to use. This does not mean that there aren't some sites to avoid. The online bookmaker equivalent to your high street one is fine. If you see ads on prime-time TV, this is also the case. If you come across an unidentified Internet bookmaker, you must ask yourself whether you can trust them to handle your money. If you are unsure, check if the gaming license is valid by contacting the relevant authority. The Gambling Commission in the UK is responsible for online betting and would issue this license. There are also other authorities that regulate offshore bookmakers. Gibraltar's gaming commission and the Isle of Man's gambling commission, for example. This information can be found on the website of online bookmakers.
After you've chosen a reputable betting site, your next step will be to select a free bet. Due to the nature of the industry, the free bets are constantly changing. You should shop around for the best deal before choosing one.
It is important to check the terms and conditions of the free bet you choose. Check the terms and conditions of the free bet that you select. You may find that one free bet is much larger than another but there could be very specific conditions for what events or time period you can use it.
If you find that many of the free bets are similar in value, then take a little time to browse around the betting site. Some websites are more user-friendly than others, and some have a better layout. It is often a personal choice, so spend some time on the site to see if you like it. You can do this even before signing up. However, you won't qualify for a free bet if you don't.
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US banking crisis spurs crypto firms to consider offshore relocation for stability
Several US cryptocurrency companies are seeking offshore bank accounts following the collapse of three digital assets-friendly financial institutions last week. Sygnum in Switzerland, Bank Frick in Lichtenstein, and SEBA in Switzerland have reported an increase in requests to open accounts from various jurisdictions, including the US Xapo Bank in Gibraltar has also seen an uptick in demand for…
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How "hollowed" hotels are destroying worker rights
The Real Estate Investment Trust is (REIT) a sixties-era tax shelter designed to allow mom-and-pop investors to buy into income properties. REITs are exempt from corporate tax, but they’re also prohibited from managing the buildings they own.
Banning REITs from management roles was supposed to scare off rich people looking for a tax break and keep REITs firmly in the realm of the “little guy.” But as with any tax-shelter, the super-rich used REITs as a wedge to create a parallel system of property ownership and taxation reserved for plutocrats.
REITs offer many benefits to the ultra-rich beyond their tax-exempt status. They offer a highly anonymized vehicle for offshore money-laundering. Billions in oligarch wealth has been converted to tax-free ownership of American commercial real-estate, cleaned, and remobilized as bribes, yachts and cryptos.
https://twitter.com/CZEdwards/status/1213597148274511872
Not all of that offshore money is truly offshore, of course: when an American oligarch parks his cash on a treasure island, he doesn’t spend it there. There’s nothing to buy in the BVI or Gibraltar. That money is sent back to America, anonymized, tax-free, and turned into real-estate via REITs.
(Though of course, a lot of that overseas oligarch cash comes from actual overseas oligarchs; post-Crimea invasion, REITs were a handy way for Russian oligarchs to beat US sanctions)
https://twitter.com/CZEdwards/status/1213611855244972033
Now, recall that REITs have a poison pill: an REIT is allowed to own real-estate, but not manage it. In 1999, hospitality industry lobbyists successfully pushed through the REIT Modernization Act, which effectively ended this stricture. Under the new law, the REIT can incorporate a wholly owned subsidiary, a “taxable REIT subsidiary corporation” (TRS) which can manage the operations of hospitality businesses like hotels.
You may have noticed the word “taxable” in “taxable REIT subsidiary corporation.” Unlike an REIT, a TRS’s profits are subject to taxation. But that’s easily evaded: just have the leasing fee the TRS pays to its parent REIT represent 100% of the profits of the hotel it’s managing. Now the TRS makes no profits, and the REIT makes all the profits, and the REIT is tax-exempt.
The pandemic supercharged all forms of financial crime, and TRS scams are no exception. As Daniel Boguslaw writes for The American Prospect, hotel REITs have found a way to smash their workers’ unions, and they’re using public money to do it.
https://prospect.org/labor/predatory-hotel-investment-trusts-decimating-workers-rights-democrats-loyal-unions/
Remember when it looked like all commercial real-estate would collapse, and when the entire tourist industry trembled on the brink of destruction?
https://pluralistic.net/2020/08/09/just-dont-have-a-face/#systemic-risk
The crisis was averted thanks to billions in public subsidy sent to hotels and other businesses, many of them owned by tax-exempt REITs.
The big, name-brand hotels in large US cities are mostly “hollow” — Hiltons and Marriotts who’ve sold their names to TRSes who remit all the profits to REITs. As Boguslaw puts it, “the TRS was the perfect tool for parasitic investors to suck out profits from the marrow of hospitality firms, leaving brand-name hotels hollowed out and largely controlled by the burrowing REIT.”
Hotel work was hard before the pandemic, but at least hotel employees were unionized. Hotel REITs used the pandemic as a pretext to attack these workers. As hotel REIT DiamondRock CEO Mark Brugger told his shareholders, “Never waste a good crisis as they say. We are doing things that we’ve never done before. We’ve combined jobs we’ve never combined before. We’re running at efficiency levels on low occupancy we’ve never done before.”
https://seekingalpha.com/article/4386659-diamondrock-hospitality-company-drh-ceo-mark-brugger-on-q3-2020-results-earnings-call
He’s not alone. Here’s RLJ Lodging Trust CEO Leslie Hale: “We’re pretty confident based on the way that we’re operating today and the occupancies that we’re running and efficiencies that we’ve learned that we will not have to go back to 2019 levels of labor.”
https://seekingalpha.com/article/4446164-rlj-lodging-trusts-rlj-ceo-leslie-hale-on-q2-2021-results-earnings-call-transcript
What does that look like? Well Hawai’i’s union hotels are at 90% pre-pandemic occupancy, but only 64% staffing. The hotels charge guests full price, but don’t provide daily housekeeping. Even without daily room-cleaning, housekeepers are being worked to exhaustion: “They are letting workers suffer while hundreds are still waiting to have their jobs back” (Ruby Rubina, housekeeper, Hilton Hawaiian Village Honolulu).
Analysts love the sound of this. They’re calling for a 40% staffing cut and a $5b cut to hospitality workers’ wages:
https://www.forbes.com/sites/michaelgoldstein/2021/07/19/hotels-like-hilton-drop-daily-housekeeping-will-it-annoy-customers/?sh=4a9cfb147205
Hotel execs are fully onboard. Park Hotels CEO Thomas Baltimore: “We have been talking with the union about opportunities to rightsize [the labor] model.”
Remember, the entire basis for REITs owning hotels is a cheat, a way to let rich people take advantage of a tax-shelter created for “the little guy.” It should come as no surprise that these same plutes are using other “little guy” tax breaks to hide billions.
The IRS Files from Propublica are full of revelations about REIT tycoons using the money they’ve saved by destroying the commercial real-estate sector to lobby for even more tax breaks.
REIT tycoon Steven Roth dropped $5m lobbying for a 20% tax rate on REIT earnings in the Trump tax bill. That deduction now nets him $5m per year on dividends from his Vornado Realty Trust.
https://pluralistic.net/2021/08/11/the-canada-variant/#shitty-man-of-history-theory
Congress is (finally) taking (baby) steps to address this scam. In Senators Sherrod Brown and Mark Warner’s letter to SEC chair Gary Gensler, they called for mandatory REIT transparency reports detailing the number of subcontractors and other non-payroll employees.
“We urge you to ensure that future SEC rulemaking captures this long-term trend of companies’ increasing use of outsourcing, independent contractors, and subcontracting, which will be a critical data point in understanding companies’ human capital management.”
That’s a small start, but at least it would get some facts into evidence. A meatier proposal comes froom Americans for Tax Fairness, who’ve called on the IRSn to close the “loophole that allows REITs to consolidate profits to a small handful of shareholders.”
https://americansfortaxfairness.org/wp-content/uploads/ATF-Executive-Action-Options-for-President-Biden-on-Tax-Issues-FINAL-4-22-21.pdf
“This dodge allows a small group of wealthy taxpayers to enjoy all the tax advantages of a REIT without fulfilling the system’s original intent of opening up real estate investment to middle-income households.”
Boguslaw closes his article by noting that the union that represents the majority of organized hotel workers is UNITE HERE, a key power-bloc for Democrats seeking re-election.
“Ordering the IRS and the SEC to enforce powers over predatory REITs is a good start on Biden reversing the trend of power flowing from unionized workers to profiteering vultures. Making a public commitment to the largely female, immigrant union workforce that helped him win his campaign would be even better.”
Image: SuSanA Secretariat (modified) https://www.flickr.com/photos/gtzecosan/16424898321
CC BY 2.0: https://creativecommons.org/licenses/by/2.0/
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Brazilian Navy releases official note on return of NAe São Paulo hull to Brazil
Fernando Valduga By Fernando Valduga 10/08/2022 - 16:05 in Brazil, Brazilian Navy, Military
Two months after leaving Rio for Turkey, the aircraft carrier São Paulo returned to Brazil, but still without a definition. The Brazilian Navy released an official statement on the subject.
On August 4, the aircraft carrier, bought by the Turkish company Sok for R$ 10.6 million, left Guanabara Bay for Turkey, where it would be dismantled and sold as scrap, which could yield about R$ 100 million. Hours after the start of the trip, an injunction from the Federal Court ordered the return of the ship, but the Navy said that it was already out of Brazilian waters at the time of the decision.
Without permission from the Turkish government to enter the country, because of the high amount of asbestos inside, the ship had to redo the entire trip back. However, he has not yet received a new authorization to dock.
The buyers of the aircraft carrier, which is being transported by a Dutch tugboat and is now stopped on the coast of Pernambuco, asked to dock at the Port of Suape. But the Environment Agency of Pernambuco did not allow it, due to environmental risk. Thus, the crew, for two months traveling, still has no precision of when it will descend on dry land. Meanwhile, the Labor Prosecutor's Office asked the Navy to send documents on the presence of toxic substances on board.
The Brazilian Navy through a note said the following:
NAVY SOCIAL COMMUNICATION CENTER
OFFICIAL NOTE
Brasília – DF. On October 6, 2022.
Regarding the process of final destination of the hull of the former Ship Aeródromo (NAe) São Paulo, the Brazilian Navy (MB) clarifies that the hull was auctioned by a foreign company in a bidding process, with a term of transfer and possession dated April 21, 2021. It is also added that all actions were conducted in full line with current Brazilian and international legislation.
After the decision to demobilize the Ship and destination options to be studied, MB opted for the Disposal of the hull for "green dismantling". This is an unprecedented process of Safe and Environmentally Sound Recycling of Ships. The winner of the auction and current owner of the hull is the Turkish shipyard Sök Denizcilik Tic Sti, accredited and certified to carry out environmentally safe recycling. The company Oceans Prime Offshore, contracted by the winning shipyard, exporter, is responsible for compliance with the contractual clauses in Brazil, according to the requirements of the Notice.
Another measure adopted by the MB was to include in the Notice requirements that oblige the current owner of the hull to comply with international standards, among which: compliance with the Basel Convention on the Control of Cross-Border Movements of Hazardous Waste and its Deposit (1989); and the presentation of the Inventory of Hazardous Materials (IHM), audited by laboratory tests accredited and approved by an independent
In relation to the IHM, it is worth noting that the Ship, while belonging to the French National Navy (MNF), carried out, in the 1990s, a wide asbestosing of the propulsion compartments, catapult, auxiliary machines and diesel generators, culminating in the removal of approximately 55 tons of asbestos. In addition, it is important to mention that the asbestos currently existing in the former NAe São Paulo does not present health risks in the state in which it is.
Regarding the transfer of the hull to Turkey, the procedures were fully conducted in accordance with the standards issued by the Brazilian Institute of the Environment and Renewable Natural Resources (IBAMA), which is the competent national authority for issuing the authorization for the export of hazardous or controlled waste, before the Basel Convention. This permission was granted after notification and consent from the countries involved, Brazil and Turkey.
On August 4, the hull was taken from Brazil and, upon arriving in the vicinity of the Strait of Gibraltar, on the 26th of the same month, the Turkish environmental agency decided to cancel the authorization previously granted. From this decision, IBAMA suspended the authorization that had been issued, determined the return of the hull to Brazil and notified the current owner, the Secretariat of the Basel Convention and the Ministry of Foreign Affairs (MRE). It is important to note that the Brazilian Navy accompanied, with zeal and prudence, the administrative processes and procedures for the environmental release carried out by the owner of the hull, in perfect compliance with the requests of IBAMA and the corresponding environmental agency of Turkey.
The hull of the former NAe São Paulo is located in a maritime area on the coast of the state of Pernambuco, in order to verify the integrity of the hull and the conditions of buoyancy and stability by a Salvage Master company, to be hired by SOK DENIZCILIK VE TICAREST LTD STI. Such a position, in Brazilian jurisdictional waters, is geostrategically favorable for the procedures relating to the restoration of the export process, which is under responsibility and is being conducted by the winning company of the auction, together with IBAMA and the environmental agency of Turkey, as provided for in the Basel Convention.
Finally, it is worth noting that the MB accompanied the return of the hull of the former NAe São Paulo to Brazil and continues to adopt the necessary actions for the safety of navigation, safeguarding human life at sea and prevention of water pollution from vessels.
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Fernando Valduga
Aviation photographer and pilot since 1992, he has participated in several events and air operations, such as Cruzex, AirVenture, Dayton Airshow and FIDAE. It has works published in specialized aviation magazines in Brazil and abroad. Uses Canon equipment during his photographic work in the world of aviation.
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Unlock Global Opportunities with Isle of Man Offshore Company Formation
The Isle of Man is a premier jurisdiction for offshore company formation, offering a unique blend of financial stability, tax advantages, and a business-friendly environment. Whether you’re an entrepreneur, investor, or multinational corporation, establishing an offshore company in the Isle of Man can be the key to unlocking new opportunities and maximizing profitability.
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Tax Advantages:
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11 LOW TAX COUNTRIES FOR LIVING IN EUROPE
Ever dreamed of living in Europe?
Many of us have.
However, Europe’s stereotypically high tax rates have turned many successful entrepreneurs and investors away from the idea in search of zero-tax countries in the Caribbean, Middle East, or the Pacific Ocean.
Here’s the deal: while living in Europe and paying zero income tax is a rare feat, it is possible for almost anyone to live in Europe full-time and pay low taxes on their income… even if they’re not a millionaire.
I’m not talking about living like a digital nomad. Sure, it’s possible to spend three months in the summer living in Europe, then spending another few months further south in a country like Serbia. So long as you don’t establish tax ties in any one country, your only concern is making sure you aren’t on the hook for taxes in your home country.
However, as I increasingly work with seven- and eight-figure business owners, one recurring theme I hear is the desire for a home. For many successful people, dragging a suitcase around the world just isn’t their thing. They want a (nearly) full-time home AND the benefits of minimal taxation.
That’s where low tax countries come in.
The good news is that you don’t have to move to the Bahamas or Dubai to enjoy low tax countries rates so long as you’re able to invest some of your money in Europe. While some countries like France will always be off-limits to those seeking excellent tax planning, We’ve made a list of nearly a dozen European countries with favorable tax rates.
1. ANDORRA
Nestled into the mountainside, this medieval village shows the beauty of the Andorran countryside.
Pressure from the European Union caused Andorra to implement its first ever income tax in 2015, but Andorra still remains a low tax haven conveniently nestled between high-tax Spain and France.
Long known as a destination for duty-free shopping, Andorra is an idyllic mountainous country that also happens to offer residence permits to investors and business owners. Fortunately, Andorra has positioned itself to attract those of more average means than other low tax countries like Monaco.
Andorra is perfect for those with capital gains or generational wealth; it has no wealth tax, no gift tax, no inheritance tax and the only capital gains tax is assessed on most sales of Andorra real estate.
The only tax is an income tax, of which a generous 24,000 euros is exempt, and the top rate of 10% takes effect at the 40,000 euro level.
Unless you’re well-noted in your field, there are two ways to qualify for residence: make an investment or start a company. Either way, you’ll need to pledge to spend 90 days per year living in Andorra, rent or own a property, maintain a bond, and maintain health insurance; many residents are exempt from the already low tax rates depending on how their income is earned.
To start a company, you will need to present your CV and a business plan, as well as deposit a 50,000 euro bond for a single applicant. This route requires far less upfront capital but you do need to actually run a business, which means living in Andorra should be part of your overall corporate and tax planning. If you prefer to be a passive resident, you may invest 400,000 euros in Andorra, which can include an investment in real estate.
2. BULGARIA
Bulgaria offers Eastern European city charm, plenty of beach resorts on the Black Sea… and a flat 10% tax rate with no minimum.
At a flat 10%, Bulgaria has the European Union’s lowest personal income tax rates. Corporate income tax rates are the same flat rate of 10% (tied with Cyprus), and Bulgaria maintains tax treaties with many countries that could allow for special tax treatment for some international entrepreneurs.
Basically, Bulgaria’s tax system is simple: live there and pay 10%. You can become a fiscal resident by living in Bulgaria for at least 183 days in a year, or by convincing the tax office that Bulgaria is your “center of life”. While merely staying in the country is often easier, the “center of life” test gives you more flexibility and involves a number of factors.
Eastern Europe is one of the world’s most underrated places for living in my opinion, although out of the Balkan countries I would personally prefer living in Serbia or Romania. That said, Bulgaria has the advantage of being a rather open place to operate, with bank accounts being easy to open and a substantial low-tax offshore company industry attracting plenty of entrepreneurs and capital.
3. CZECH REPUBLIC
Despite being a top tourist destination in Europe, Prague has one of the cheapest costs of living in central Europe.
The Czech Republic is often ignored as a low tax jurisdiction despite the fact that it has streamlined both personal and corporate income tax rate to reasonable levels. Considering that Prague is one of the most cooed-over cities in Europe, the idea of living in the Czech Republic is worth considering.
As a low-tax residency, the Czech Republic (or Czechia, as they prefer) is best suited for European Union citizens. That’s because self-employed Europeans can not only avail themselves of Czechia’s 15% flat tax rate but may also apply a lump sum tax deduction in lieu of actual expenses. For most business owners, the lump sum can reduce the flat tax by 40% or 60%, leaving an effective tax rate of 6% or 9% on self-employed entrepreneurs.
Like Portugal and other European Union countries, real tax planning is required if you choose to live in Czechia. For one thing, you will need to rent or own an actual home; the good news is that the cost of living in Prague is surprisingly low given how popular the city is for tourists and digital nomads.
4. GEORGIA
Georgia has a diverse tourism landscape. For instance, Mtskheta, Georgia is home to a UNESCO world heritage site.
While Georgia may not be in the center of Europe, its position in the Caucasus places it squarely between eastern Europe and Asia. Fun fact: Georgia also happens to be the only European country with a largely territorial tax system, meaning properly structured foreign source income is not taxed in most circumstances.
For non-US citizens, it is easy to create an international structure and pay zero tax on profits while being a legal resident of Georgia. It is also possible to maintain a part-time home base in Georgia without incurring tax obligations. You can even become tax resident without living in Georgia if you can prove wealth or high income.
While Georgia’s capital of Tbilisi is not Paris, Georgia is one of the safest countries in the world and a favorite of ours here at Nomad Capitalist. The cost of living is extremely low, and activities like smoking and gambling are extremely cheap compared to the highly over-regulated European Union.
5. GIBRALTAR
Gibraltar offers residence visas to wealthy investors willing to pay an annual flat tax.
Gibraltar has long been a popular tax residence for British citizens, but Gibraltar’s benefits as a low-tax residence are available to anyone. Nestled at the southern tip of Spain, Gibraltar is a British Overseas Territory and not a sovereign country, but is able to set its own tax policies.
There are two ways to become resident in Gibraltar: start a company or demonstrate a high net worth. As is usually the case with these programs, it is easier for entrepreneurs to qualify by forming a company but proving wealth is easier in the long run.
The High Executive Possessing Specialist Skills method, or HEPSS, allows entrepreneurs with Gibraltar companies to pay a maximum tax on their salary. You must earn more than £120,000 per year, but will only be taxed on £120,000. That essentially translates to a flat tax of £29,940, although you must also consider any Gibraltar corporate tax. You will need to own or lease a home in Gibraltar.
The Category 2 visa program is also appealing but requires a £2 million – roughly $2.5 million – net worth to qualify. There are few requirements besides proving this level of wealth; the main requirement is to purchase or lease a “qualifying” home.
Other than that, you may not carry out almost any business within the territory of Gibraltar. You will pay a minimum annual tax of £22,000, and a maximum annual tax of £28,360 based on Gibraltar’s oddly progressive-but-then-regressive income tax rates ranging from 10% to 29%.
6. MALTA
Malta allows foreign citizens to pay an annual flat fee and exempt their foreign income from Malta tax.
Malta is one of only four countries on this list that are part of the Schengen Area, and one of only three that are also part of the European Union. Malta has developed some of the EU’s most tax-friendly programs for both individual residents and corporations, with corporate tax rates as low as 5% possible for non-resident companies.
Malta has long had a flat-fee residence program available, but as I have discussed in the recent post the newer Global Residence Program has become the second residency of choice. Unlike Andorra and Monaco, Malta does not require any physical presence on its two Mediterranean islands, meaning you can establish residency but not live there at all. Furthermore, they have prided themselves on reducing bureaucracy and even allowing residents to include domestic staff on their applications (similar to Malaysia’s MM2H program).
Maltese residents are not subject to tax in Malta on foreign sourced income that is kept outside of the country. What’s more, they are not subject to tax on foreign capital gains even if those gains are sent to a Malta bank account. Other income, including pensions, can be taxed once at a flat 15% thanks to Malta’s tax treaty network.
The cost of maintaining the residence in Malta is a flat 15,000 euro “minimum tax” payable each year. With proper planning, this should also be the maximum tax. It is also possible to obtain a tax residence certificate.
7. MONACO
Monaco eliminated income taxes entirely in 1869, making it the only sovereign zero-tax jurisdiction in Europe.
While Monaco is not a full member of the European Union, it is a de facto participant in the borderless Schengen Area, offering excellent mobility. Monaco’s exclusivity and proximity to France and the rest of Europe make it a more serious tax residency than some tiny island in the middle of the ocean.
According to the tiny principality, it is not a tax haven. It does allow foreigners to establish residence in Monaco merely by proving their wealth. Doing this generally requires a 500,000 euro bank deposit and purchase (or in some cases, rental) of a property there.
Seeing that parking spaces can often sell for up to 1 million euros, residence in Monaco is reserved for the wealthiest entrepreneurs and investors. It’s also reserved for those actually willing to live there; you must spend three months per year for the first nine years, at which point you can obtain what is effectively permanent residence but requires 183 days of stay per year.
If you’re interested in getting a residency or second passport in Monaco, we have just published our Ultimate Guide where you can get all the details.
8. MONTENEGRO
Montenegro has low corporate taxes and is one of the least expensive countries in Europe to start a company.
Montenegro boasts the lowest headline personal income tax and corporate income tax rates in Europe, both pegged at a flat 9%.
Like many of its western Balkan neighbors, Montenegro has sought to attract business to its small country – population: 620,000 – by lowering tax rates. While almost all of eastern Europe offers rather reasonable tax rates in the teens, Montenegro offers the lowest tax rates and the benefit of a country you might actually want to live in.
Locals know Montenegro as Crna Gora, meaning “black mountain”, but the Italian name stuck and gives the country an air of sexiness by sounding similar to Monaco. Personally, I believe it is a completely stunning place to visit during the summer season, which is why I purchased my beach house for holiday getaway right there, where I relax, do some writing and enjoy the sunsets and Mediterranean cuisine.
Montenegro’s government seems to have played to that notion, inviting foreign investors to develop luxury resorts on its pristine coastline in a bid to be the jewel of the Adriatic Sea. It was enough to attract me to buy a home in Montenegro.
Montenegro allows foreigners who buy residential property to obtain a temporary residence card, renewable yearly. If you spend fewer than 183 days in Montenegro, you will generally not be taxed. If you live in Montenegro the majority of the time, you will become tax resident and be liable to pay the flat 9% rate on your income.
While Montenegro isn’t a zero-tax country for full-time residents, it is a very attractive home base primarily for Europeans seeking a legitimate low-tax residency to appease their home government.
9. PORTUGAL
Even though Portugal is a high tax country, foreigners can take advantage of a ten-year Non-Habitual Resident Tax exemption that exempts up to 100% of their income from Portuguese tax.
Most people don’t associate Portugal with low tax countries.
In most cases, they’re right; Portugal is hardly a tax rate favorable place for the average resident. However, foreigners can take advantage of a ten-year Non-Habitual Resident Tax exemption that exempts up to 100% of their income from Portuguese tax.
While this exemption doesn’t allow you to live in Portugal tax-free forever, it is long enough to allow you to claim Portugal citizenship if you meet the rather lenient physical stay requirements.
The first step to living in Portugal is to obtain Portugal residency; this can be done by purchasing real estate through the well-known Golden Visa program, but can be done more easily by hiring people or by merely proving you have rental income overseas.
There is a catch, though: the most tax-optimized structures won’t qualify for Portugal’s tax exemption. Income from blacklisted tax countries is not subject to exemption, meaning your offshore company in the BVI or Hong Kong won’t work. Substantial tax planning is needed to ensure that all of your business and passive income is structured to eliminate taxes while you live in Portugal.
10. SWITZERLAND
Switzerland was one of the first countries to allow wealthy taxpayers to negotiate a flat annual tax with its cantons
There is no doubt that Switzerland has become less friendly both for immigration and banking in recent years. That said, it is still one of the safest and most respected countries in the world with a location at the heart of Europe. Swiss residency offers an air of legitimacy that many other low-tax residencies can’t match. Foreigners have two residency options to choose from.
The first is to form a new company in Switzerland and hire local employees. This company will pay corporate income tax based on which canton (region) it is incorporated in, and you as the manager will pay Swiss income tax.
The more common and lower tax method to living in Switzerland is the Lump Sum Taxation method, also known as “taxation according to expenditure”. Under this method, a family may move to Switzerland and pay a flat annual tax based on their cost of living rather than their actual income. This has often been described as negotiating a flat tax, and each canton has their own policies.
Generally speaking, expect to pay at least $150,000 and up to $1 million in flat tax each year depending on which canton you want to live in. You will also not be able to legally reside in Zurich. If your income exceeds $1 million each year, maintaining your home and tax residency in Switzerland would give you a moderate tax rate. If your income is in the millions, Switzerland could reduce your tax rate below 10%. While Switzerland is hardly a cheap place to live, it has one of the highest standards of living in the world.
11. UNITED KINGDOM
The UKis far from a tax haven, but there are certain exemptions from the rule when it comes to tax rates, which you can take advantage of if you’re a wealthy entrepreneur.
Like Portugal, the United Kingdom isn’t exactly a haven in terms of low tax countries for all… but it is for a select group of wealthy individuals. By exploiting the difference between domicile and residence, certain foreign citizens can live in London and pay an annual flat tax.
This “non-dom” system has been popularized thanks to Middle Eastern and Russian billionaires who take up residence in the United Kingdom yet claim they are not running their businesses from Kensington. Because their income is a foreign source, it is eligible to be taxed on a remittance basis; keep the income out of the UK and it is not taxed.
Obtaining residency in Britain requires a substantial investment, but for the right person, the tax benefits outweigh the initial costs. Claiming non-dom tax benefits may be free for up to six years, after which the remittance basis charge is anywhere from £30,000 to £90,000 depending on how long you’ve been a resident.
Tax residence in the UK is a highly complicated topic and always worth discussing at length with a tax professional before claiming any benefits, particularly as some non-dom benefits must be claimed in advance.
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The Features of Online Bets
Why should we bet online? This can be a answer to this question. In reality, here are some advantages regarding the online betting companies.
To begin with, in the event that you bet online, you do not have to pay the fifteen per cent that you have to pay in the event that you work with the regular betting companies. Besides this, you've the advantage as you are able to bet from home or you are able to choose any other location so long as you've an Net connection, which is something you can't do in the event of the other sort of betting companies.
Yet another thing will be that the online betting agencies never are amiss, which entails that you never have to avoid betting. This is definitely not a thing you can certainly do in the event that you work with the ordinary such companies. Also, the offer is richer by having an online bet365가상축구결과 company than it is with a typical one.
There are certainly a lot of alternatives for almost any event and you also have a wide selection of events to choose from. The web companies ensure an excellent discretion and security, using different secured servers and various ways applied by the government.
To be able to attract more clients, many such companies offer promotions and bonuses at your first deposit and your fidelity is rewarded with free bets and fidelity bonuses, meaning you can actually bet using their money. Yo can place live bets, as you watch the event on television and you are able to bet online. Also, there are many companies which stream the event your are interested in. Last however not least, you can even play poker, bingo and many more.
Selecting a Free Bet From an Online Betting Company
Online betting has been a huge growth industry during the last few years, and today there are more companies than ever wanting to attract customers to bet with them. In this competitive industry, the online betting companies have to offer significant incentives to be able to attract these potential new customers, and the standard method by which this is done is via a free bet.
Although the fundamental concept is the same, the free bets available to alter from company to the next. As a result of this it is important that when signing up for a brand new account, the customer takes time to weigh up the options and ensure the very best deal is obtained.
How should you go about selecting a free bet?
The sheer amount of these online betting firms could be very overwhelming at first, so in this information I am hoping to offer some sensible advice on how you ought to go about choosing one.
Firstly, make sure that you select a reputable online betting firm. You will find a wide array of companies on the market and the absolute vast majority are fully regulated and safe to use. However, that is not to imply you will find not some on the market that could be better avoided.
A straightforward general guideline is that the online exact carbon copy of your neighborhood high street bookmaker will be fine. Equally in the event that you see adverts on prime time TV, then this may also be the case.
But when you stumble across an as yet not known Internet bookmaker you've to think about in the event that you fully trust them with your money? By which case, a fast way to test is to ensure the correct gaming license has been obtained via the relevant authority.
In case of the UK, online betting is regulated by the Gambling Commission, and they would grant this license. Note though there are other authorities regulating offshore bookmakers, examples being the gaming commissions of Gibraltar and the Isle of Man. You will be able to get this information at the online bookmakers website.
Once you've decided upon a reputable online betting company, the next step is to choose a free of charge bet offer. As mentioned above, because of the competitive nature of the industry the free bet offers are changed on a typical basis. Therefore you ought to ensure you check around before buying one.
The offers have a tendency to vary quite significantly, and it is not at all times the case that the greatest is best. It is important to check out the terms and conditions that apply to the free bet you choose. While one free bet might be significantly larger than another, you may find you will find very specific requirements for the events you need to use it on, or the time period in which it can be claimed.
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US banking crisis spurs crypto firms to consider offshore relocation for stability
Several US cryptocurrency companies are seeking offshore bank accounts following the collapse of three digital assets-friendly financial institutions last week. Sygnum in Switzerland, Bank Frick in Lichtenstein, and SEBA in Switzerland have reported an increase in requests to open accounts from various jurisdictions, including the US Xapo Bank in Gibraltar has also seen an uptick in demand for…
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Hot times in Anchorage (Washington Post) Jets roaring overhead, President Trump on Thursday offered an updated version of his vision for the future of the United States: Lionizing the country’s military prowess and its president while saturated in red, white and blue. As fireworks exploded over the audience on the Mall, though, a more certain future for the country had already arrived in Anchorage. There were no fireworks in Alaska’s largest city this week. The fire department determined that because of the extreme danger of wildfire, fireworks were just too risky. The city and others nearby continue to be in the grip of a historic heat wave, one that’s dried out vegetation and greatly increased the risk of devastating fires. Anchorage hit a record temperature of 90 degrees on Thursday--a higher temperature than could be found in most of the Lower 48 states from within a state that overlaps with the Arctic Circle.
We’ll miss you, MAD Magazine (WSJ) After 67 years, MAD magazine will stop publishing new content, its owner DC has announced. The iconic humor magazine--which features the freckled face of Alfred E. Neuman and his slogan, “What, me worry?”--will still be available in comic shops and to mail subscribers, but from the fall will only be reprinting previously published material. A decline in newsstand sales led to the decision, reports The Wall Street Journal, citing anonymous sources.
40% of Americans say they still struggle to pay bills (Washington Post) Even as the U.S. economic expansion becomes the longest in history and the stock market reaches new records, many Americans are still living paycheck to paycheck. About 40% of Americans struggle to pay the bills, benefitting far less from the recovery as they grapple with slow wage growth, higher costs for housing, health care and education, and more personal debt, says Matthew Mish at UBS. This could leave many Americans vulnerable to any mild setback in the economy, with half of U.S. jobs paying under $18.58 an hour.
Trump Says Immigration Raids Coming ‘Fairly Soon’ (Reuters) President Donald Trump said on Friday mass deportation roundups would begin “fairly soon” as U.S. migrant advocates vowed their communities would be “ready” when immigration officers come.
U.S. Demands $12.7 Billion in Judgment Against ‘El Chapo’ (Reuters) U.S. authorities said on Friday they were seeking a court order requiring Mexican drug lord Joaquin “El Chapo” Guzman to forfeit $12.7 billion following his conviction for racketeering and drug trafficking crimes earlier this year.
Rio Police Find Clandestine Grave With at Least 12 Bodies (AP) Police in Rio de Janeiro have found a clandestine grave with at least 12 bodies in a metropolitan part of the city where militia groups operate.
Police Break Up Huge ‘Modern Day Slavery’ Ring in UK (AP) Details about what prosecutors have called one of Britain’s largest-ever modern day slavery rings have emerged with the conviction of eight people originally from Poland.
WW2 Bomb Disposal to Cause Delays at Frankfurt Airport on Sunday (Reuters) Passengers using Frankfurt Airport on Sunday should brace for possible delays as some routes will be altered while engineers dispose of a World War Two bomb, operating company Fraport said on Friday.
Greece: Authorities Search for Missing US Scientist (AP) Authorities on the Greek island of Crete have launched a search for a missing American scientist who had been attending a conference there this week.
Rescue Ship Heads to Italy, With Another Blocked Off Shore (AP) The German humanitarian group Sea-Eye says its rescue ship Alan Kurdi with 65 rescued people on board is sailing toward the Italian island of Lampedusa, where it will join another blocked offshore.
Sri Lanka cracks down on Wahhabism (Reuters) Sri Lanka is moving to curtail Saudi Arabian influence, after some politicians and Buddhist monks blamed the spread of the kingdom’s ultra-conservative Wahhabi school of Islam for planting the seeds of militancy that culminated in deadly Easter bomb attacks.
Vast Chinese Loans Pose Risks to Developing World (Der Spiegel) If Hong Kong is included, China is the largest creditor in the entire world. Beijing’s foreign loans dominate global markets almost to the same degree as its toys, smartphones and electric scooters do. From Kenya to Montenegro, from Ecuador to Djibouti, roads, dams and power plants are being built with billions in loans from Beijing. And all of those countries will have to pay back those loans in the years to come. With interest. For some, the billions of dollars from China are a welcome contribution to helping many underdeveloped regions in Asia and Africa expand infrastructure. For others, the loans from Beijing have forced half the world into economic and political dependency on Beijing. Some have described the situation as “debt bondage,” while a group of U.S. senators wrote a letter to Secretary of State Mike Pompeo last summer warning of China’s “attempt to weaponize capital.” Furthermore, little is actually known about the loans. China’s foreign assets are now worth $6 trillion, but outside of the government in Beijing, nobody knows much about where that money has been invested and what conditions and risks are attached.
Japan PM Abe’s Coalition on Track to Win Solid Majority in Election: Media (Reuters) Japanese Prime Minister Shinzo Abe’s coalition is on track to win a solid majority in a July 21 upper house election, and his dream of revising the pacifist constitution could still be alive if enough allies also win, a survey showed on Saturday.
Afghan Official: Taliban Mortars Hit Busy Market, Kill 14 (AP) An Afghan official says mortars fired by Taliban insurgents slammed into a busy market in Afghanistan’s northern Faryab province killing at least 14 people and injuring 30 others, including several children.
Iran accuses Britain of ‘piracy’ for seizing oil tanker and warns of retaliation (Washington Post) Iran threatened on Thursday that it would retaliate against British shipping after the British navy’s seizure in the Mediterranean of a tanker transporting Iranian oil to Syria, drawing Europe deeper into the escalating tensions that risk war between the United States and Iran.The Iranian Foreign Ministry called the interception of the tanker by Royal Marines near Gibraltar on Wednesday an “act of piracy” and said it had summoned the British ambassador to Tehran to complain. A senior Iranian official posted a tweet saying that Iran should retaliate by snatching British ships if Britain refused to release the ship.
Sudan’s opposition agree on power-sharing deal with military (Reuters) Sudan’s ruling military council and a coalition of opposition and protest groups agreed provisionally on Friday to share power for three years, bringing thousands onto the streets to hail a first step toward ending decades of dictatorship.
Nigeria to Seize $40 Million of Jewellery, Gold iPhone From Ex-Minister (Reuters) A Nigerian court has ordered the imminent seizure of $40 million (£32 million) worth of jewellery and a customised gold iPhone belonging to former oil minister Diezani Alison-Madueke, the country’s anti-graft agency said on Friday.
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Choosing a Free Bet From an Online Betting Company
Online betting has been a huge growth industry over the last several years, and today there are more companies than ever trying to attract customers to bet with them. In this competitive industry, the internet betting companies have to supply significant incentives to have the ability to attract these potential new customers, and the typical manner in which this is performed is via a free bet.
Although the fundamental concept is the exact same, the free bets being offered to alter from company to the next. As a result of this เว็บแทงบอล is important that whenever signing up for a fresh account, the consumer takes time to weigh up the options and ensure the best deal is obtained.
How in case you go about choosing a free bet?
The sheer amount of these online betting firms can be quite overwhelming in the beginning, so in this information, I really hope to supply some sensible suggestions about how you should go about choosing one.
Firstly, make sure that you choose a reputable online betting firm. There are an endless choice of companies available and the absolute vast majority are fully regulated and safe to use. However, this really is not to imply you will find not some available that might be better avoided. A straightforward general guideline is that the internet equivalent of your local high street bookmaker is likely to be fine. Equally, in the event that you see adverts on prime time TV, then this will also be the case. But if you stumble across an unknown Internet bookmaker you've to consider in the event that you fully trust them with your money? Where case, an instant way to check on is to ensure the appropriate gaming license has been obtained via the relevant authority. In the case of the UK, online betting เว็บแทงบอล is regulated by the Gambling Commission, and they would grant this license. Note though that there are other authorities regulating offshore bookmakers, examples being the gaming commissions of Gibraltar and the Isle of Man. You will be able to find this information on the internet bookmaker's website.
When you have decided upon a reputable online betting company, the next step is to decide on a totally free bet offer. As mentioned above, because of the competitive nature of this industry the free bet offers are changed on a regular basis. Therefore you should ensure you look around before settling on one.
The offers have a tendency to vary quite significantly, and it's not always the case that the largest is best. It is important to read the terms and conditions that affect the free bet you choose. While one free bet might be significantly larger than another, you might find you will find very specific requirements for the events you can use it on or the time period in which it can be claimed.
You could find that many of identical value free bets appeal, in which case take a moment to truly have a browse around the internet betting website. Some sites are better organized than others and some are simpler to use. This is often a matter of personal preference, so take a little bit of time to utilize the site first. Remember that you will be able to get this done when you register, but you will still qualify for the free bet offer when you do go ahead.
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