What’s warm, politically stable, has very low if not zero taxes, and a business-friendly environment? Yep, you guessed it. Cayman Islands. What’s warm, politically unstable, has onerous taxes, and so much red-tape that it would make even an Italian bureaucrat jealous? Sawadee! Welcome to Thailand, the topic of today’s casual…
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I have practically run out of new tax havens to write about so it’s time to revisit some old articles, which I strongly feel are in need of some polishing. First in line is one of my personal favourites: Malta. Overview Malta is made up of a a couple of…
Often confused with Dominica, the Dominican Republic is that Spanish-speaking country which shares an islands with Haiti. It also one of the nastiest tax havens around, home to barely-regulated offshore banks and secretive companies. Overview The Dominican Republic is located on the island of Hispanola and some smaller islands. It…
That’s actually not the Curaçao flag, but good eye! The butt of many jokes in the financial services sector, Nauru is a husk of what it once was. And thank goodness for that. When people think about offshore jurisdictions like Cayman Islands, Bermuda, and even the less upstanding ones like…
At this point, you might have heard about the Philippines as an unusual but not necessarily offshore banking jurisdiction. I have contemplated doing a Jurisdiction Spotlight about the Philippines and while there may be enough to say about incorporation and residence in the Philippines, I thought banking deserves its own…
Streber / the 31st of March 2016 Guatemala has most of everything one has come to expect from a Spanish-speaking tax haven in South America: territorial taxation, low taxation, secretive banking, and a very comfortable lifestyle. Guatemala has however suffered a problematic past which has left the country lagging behind…
A tax haven that has fallen from its previous prime and glory, Grenada today is a husk of what it once was: a free-for-all for tax evaders and money launderers. Grenada is a former French (1649 – 1763) and British (1763 – 1974) colony. The young nation started its independence…
Today, we return to the Americas and to one of my personal favourites: Uruguay. The instantly recognizable flag of Uruguay portrays the nine original (now 19) departments of the republic, and in the corner we find a Sol de Mayo (Sun of May), which represents the sun shining upon a…
We are going to stay in the Middle East for a little bit longer to today take a look at Qatar, which has a land border with Saudi Arabia and is tucked between Bahrain and UAE (emirate of Abu Dhabi). Across the Persian Gulf is Iran. While it’s not a…
Because many readers will read the UAE posts individually, much of the content will be the same or very similar. Abu Dhabi is a subnational entity – an emirate – of the United Arab Emirates (or more commonly UAE). Together with Dubai, it is one of two emirates that have…