Turkish Citizenship Goes Down in Value to 500 000 USD

Turkish Citizenship Goes Down in Value to 500 000 USD

Over the past few years, the popularity of second citizenship has grown substantially. One of the most interesting options for second citizenship provides Turkey. Now, almost every wealthy foreigner can obtain Turkish citizenship by an investment of at least 1 000 000 USD in real estate, and keep the investment for at least 3 years. […]

UAE Imposes a Value-Added Tax

UAE Imposes a Value-Added Tax

At the end of August this year, President of the UAE has signed a new act of legislation which imposes a value-added tax. The basic rate of the VAT will be 5%. However, a lot of exceptions are provided by the legislation. In some cases, the tax rate may be 0%, and in other cases, […]

What Kind of Threat Do the Automatic Exchange of Information Constitutes to Businesses?

What Kind of Threat Do the Automatic Exchange of Information Constitutes to Businesses?

Many of you probably have already heard about the automatic exchange of information (AOI), and that the first exchange between certain countries will be conducted this year. Should you be afraid of the AOI? Which countries are going to exchange the information automatically? How to protect your business from AOI? This article will give you […]

Switzerland May Refuse from Automatic Exchange of Information with Corrupt Countries

Switzerland May Refuse from Automatic Exchange of Information with Corrupt Countries

One of the biggest Swiss parties has recently offered to refuse from cooperation with totalitarian and corrupt countries on automatic exchange of information. According to the offer, totalitarian and corrupt countries are Russia, Argentina, Brazil, India, China, Saudi Arabia, Indonesia, Columbia, Mexico, SAR, UAE. The Swiss have created bank system on the basis of confidentiality […]

Maltese Banks Toughen Rules to Open Accounts

Maltese Banks Toughen Rules to Open Accounts

Maltese banks have become very attractive for many foreign investors in the past few years. The main reason for that is the high level of liquidity, solid capitalization, and appropriate policy of the banks’ management. It was very easy and fast to open an account in a Maltese bank a few years ago, and KYC […]