Tag: Cyprus
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Navigating the Challenges: Wealth Planning Solutions for Russia’s Super-Rich
In the wake of geopolitical tensions and regulatory crackdowns, Russia’s super-rich find themselves facing unprecedented challenges in wealth planning and asset protection. With traditional havens such as Cyprus and Switzerland imposing bans on providing management services to family trusts with Russian nationals, the landscape for passing on fortunes has become increasingly complex. In this blog…
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Cyprus Golden Visa Program Under New Scrutiny: Stricter Controls and Future Implications
The Cyprus Golden Visa Program, an initiative offering permanent residence to investors, is facing stringent changes. Following a revealing audit report, the Cyprus Ministry of the Interior has enforced tougher criteria to tighten the previously lax regulations. This move comes as an attempt to mitigate the risks and loopholes that marred the program’s reputation, reflecting…
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The Business World Without Borders
Top 10 Jurisdictions for Offshore Company Incorporation An Offshore Company Incorporation can offer various benefits like privacy, tax optimization, and easier international operations. However, it’s crucial to choose the right jurisdiction based on your specific needs, as each has its own set of rules, costs, and advantages. Here are ten notable jurisdictions for incorporating an…
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Russian Expats and Their Favorite Tax Havens
A Glimpse into Wealth Migration The term “tax haven” often elicits images of tropical islands or secretive nations where the rich stash their wealth. For Russian expatriates, especially those with considerable resources, tax havens have become an increasingly attractive option to safeguard their assets and minimize tax liability. This phenomenon is not isolated to Russia;…
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Get EU residency by buying a property in Cyprus
At the moment there is a growing urgency for many South Africans to want to diversify and invest in offshore property to secure a Plan B; as the property investment offers an insurance against political instability and economic risk. Europe is by far still the preferred property investment destination as not only does the EU…
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Get Ready for Crazy – Jeff Thomas
Recently, the Honduras homes and businesses of the family of Jaime Rosenthal were raided by the Honduran government. The properties themselves were seized and other assets taken. The family-owned bank was also seized and has been forced into liquidation, creating potential financial crisis for its 220,000 clients. Throngs of angry clients, unable to go about…
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As Cyprus Collapses, It’s a Race to the Mediterranean Gas Finish Line
Cyprus is preparing for total financial collapse as the European Central Bank turns its back on the island after its parliament rejected a scheme to make Cypriot citizens pay a levy on savings deposits in return for a share in potential gas futures to fund a bailout. On Wednesday, the Greek-Cypriot government voted against asking…