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Since we have some Italy and Campione experts in this thread :) How come so many people write about residency being easy to get in Campione d'Italia as if it issues its own residency permits?

WISE accounts now show total account values in Georgian lari for companies and persons resident in Georgia, even though you cannot hold lari in a WISE account. Clearly this suggests they are getting ready to report account balances at least (sooner or later) to the identified country of...

Side note: Hong Kong remains grey listed and that causes problems including money transfer issues / restrictions. Best to check carefully how you might be adversely affected by the grey listing.

I think there are not so many countries (Eastern Europe or otherwise) these days where it's simple and risk free to 'go it alone' or to even 'go it with well meaning' input. On the other hand, finding reliable lawyers is hard which is why we are always asking for recommendations for 'good...

Interesting info in this thread, thanks!! One small comment: I use wise with a Georgia address, and now Wise shows the total of my account balances in Georgia lari. You cannot hold Lari in WISE, so I can only guess that this is because they will start reporting to Georgia in 2024 when georgia...

Where did you end up Verbatim? Care to share?

IOM - very few DTA's. If DTA"s are important then you will need the complications and costs of a dual structure using an intermediary company in a country (that has many DTA's) and that has a DTA with IOM, such as Malta.

IOM... when I considered the IOM I saw it has very very few DTA's, so _if_ access to DTA's is important for your business, then you are looking at a dual company structure, with the cost and effort of having economic substance in an intermediary company in a country (like Malta) that has many...

I think WISE will be doing full reporting. I am certain this post will be read like I am a doom doom kinda guy :) ... and you can think this is a kinda sad rave about the ways things have been and are likely heading. Anyway... experience has taught me its best to think ahead and include worst...

None as far as I know. It seems the previous law said you could apply for permanent residency (and then citizenship) after 5 years temporary residency during which time you could only be outside Serbia for 300 days in total and never more than 6 months at one time. In the current (newly...

I have not chosen one yet. I think that will be the case - but staying 184 days under a 1 year to citizenship option would be very attractive I think. It will be worth checking if 'business people' who need to travel to conduct their business can get away with less than 183 days as an exception...

There are 2 draft laws and the first one is now (effective end of July) passed into Law. This now allows for Serbian permanent residency (and therefore citizenship) after just 3 years of temporary residency. Now the first residency permit can be for 3 years (not one year extendable as was the...

So at the end of May 2023 the Serbian government sent to Parliament a draft law that will allow Serbian citizenship after only one year of temporary residency under a few (not so hard) conditions). If you google "serbia draft law on citizenship 2023" then various links about it will come up...

These days temporary residency in Georgia is 10 or 11 years and then permanent residency can be applied for and then citizenship can be applied for - good luck with getting that. I don't think anybody has supplied data on how many foreigners (meaning not Russians, not Ukrainians, not people with...

I think this is it: https://www.oecd.org/tax/transparency/documents/AEOI-Commitments.pdf I am definitely no expert on this subject, and when I briefly glance at it, it seems to me that CRS is a complicated set of arrangements, with countries signing up for various aspects of it as can be seen...

More reporting obligations for BVI companies start this year.

Lotsa ”˜service providers' were promoting Georgia to people who had no plans to develop economic substance in Georgia. From my experience, Georgia banks are a bit unusual and often need a face to face visit to get anything resolved. First question TBC always ask me when they ring me is “Do I...

My understanding ( i could be wrong) is France's territorial tax system for companies sounds great at first glance, meaning no company profits tax on foreign sourced income”¦ but then they still double dip on tax by first charging a withholding tax on the corporate dividends to shareholders, and...

There are still some RU people looking for exit options - in our experience these are people who cannot fund the move so far from own resources, so they are actively seeking a new foreign income source / employment before making the jump.

well, I guess Mexico sounds great if you have some kind of higher tolerance for risk, or maybe are unlikely to ever be targeted by any tax authority due to low income and cash flows. But when is an income low enough to not be of interest to a large tax authority that might think they have some...