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There is a long list of tax heaven nations that offers no tax for offshore companies. But I would mention the names of such five important tax havens. They are BVI, Panama, Belize, Bahamas and Aruba

I was extremely confident about the growth forecast made by "The Bank of Korea". There are enough signs that the global economic health is getting better everyday. The 4.6% GDP forecast made by Korean Central Bank by year 2010 is easily achievable. I would not be surprised if it crosses 5% by...

New applications and technological advancement in Apple iPhone would enhance the demand of such electronic gadgets. It would be really amazing if we can exchange contact books and photos through "Bumps" between two iPhones. If one can make mobile transfer of cash through the attached credit...

The financial meltdown effect of Dubai may last longer than anticipated. But it is a matter of happiness that Saudi Arabia and Qatar are having good financial balance sheet. The Banks and financial institutions would apply stringer norms while granting or restructuring loan to UAE and Dubai. But...

The UN Climate Summit in Copenhagen has opened up many living issues. The policy makers and political leaders are now unanimous that we need a clean, pollution free and low-carbon world. The policy makers and business entrepreneurs have to make long term and sustainable plan to achieve the above...

I want to make one point clear. We are almost out of economic recession. Not only the small manufacturers offering products such as solar, wind power, and other clean industries would revive strongly all other power equipment manufacturers would also show long-term growth. Of course the future...

Thanks for describing about PLC company capital in India. But I have some doubt about "Paid-up Capital". What does it mean and how can you describe about paid-up Capital in financial term?

The minimum requirements for setting up a private limited company in UK are the followings. 1- Proposed company name 2- Registered address within the UK i.e. any valid postal address in England, Scotland or Wales. 3- A minimum of two entities, 1 company director and 1 company secretary.

Thanks for publishing such useful discussion on "Panama" as a great offshore destination in UAE. These oil rich places have tremendous growth potential for carrying offshore business. Panama as a 100% tax free location would invariably attract global investment.

That's the greatness of his personality and brand image. Whether he is in golf course or not he makes money. But that's not the sole aim. His social life is at stake. I think for him business is not the top priority at this point of time.

That's the greatness of his personality and brand image. Whether he is in golf course or not he makes money. But that's not the sole aim. His social life is at stake. I think for him business is not the top priority at this point of time.

There is no such provision of Credit Card for an offshore Bank Account holder in Cyprus. I think you need to be a permanent resident there to apply for a credit card.

Thanks for clarifying. So one can easily set up a office in Cyprus and carry business overseas to save the 10% tax on net profits. Am I correct?

Any private company based in Cyprus that is 100% foreign-owned is regarded as an offshore company. Although the term International Business Company (IBC) is also used. But there is no any difference in tax treatment between an offshore company and a regular Cypriot company.

Banking facilities are very crucial in setting up a Cypriot offshore company. The financial transactions, security and transparency are the few other decisive factors while choosing an offshore business location. Cyprus is an important regional investment center and has developed sophisticated...

Although Cyprus is no longer an offshore tax haven but it is a tax incentive country. It remains as a dream destination for many foreign investors due to positive business environments. Main features of Cyprus companies are. 1- No minimum share capital requirement. 2- Number of shareholders...

Norway is high tax paying EU destination that offers no significant general tax incentives for either domestic or foreign investors but there are exceptions for specific regions and industrial sectors. They are summarized as given below. 1- Companies investing in Norway's far north pay lower...

Norway a high-tax country. It imposes high rates of tax on individuals. The higher rate of personal income tax is more than 53%. But the companies are treated more leniently. There is a flat rate of 28% on all capital income and in addition, Norway provides a full dividend credit. This means it...

Norway is the the third biggest oil exporter of the world. So a person who is interested for forming a company should have some knowledge on the features of private companies is Norway. They are in short: 1-Most popular format for small and medium businesses 2-Minimum share capital 100,000...

Norway as a member of European Union is a wealthy and stable democracy. It is the world's third biggest oil exporter after Saudi Arabia and Russia.Naturally there tremendous business scope in Norway.There are mainly three types of companies are there in Norway. what are they?