Running an onshore or offshore business can be a tricky task. Regulations and laws between countries vary and one can get easily lost in the amount of information out there. We source the best and up to date news from offshore and onshore world, international tax, accounting and banking industries. On top of that, we share our own thoughts and views on all topics mentioned above. We hope you will enjoy our blog and find it valuable.
Previously, Thai tax residents were taxed only on their foreign-sourced income if it was brought into Thailand within the same tax year. However, starting from January 1, 2024, foreign-sourced income brought by Thai residents into Thailand will be subject to Thai personal income tax irrespective of when it was brought into Thailand.
Three cities in the United Arab Emirates (UAE) – Abu Dhabi, Dubai and Sharjah – are among the top ten most affordable global cities in the world, based on a study by Workyard Research.
Luxembourg’s tax system distinguishes between corporate residents and non-residents. While corporate residents are required to pay taxes on their worldwide income, corporate non-residents are only taxed on their Luxembourg source of income, i.e. income originating within Luxembourg’s borders.
Saudi Arabia has introduced a new electronic business visit visa called “visiting investor” to specifically facilitate the travel of investors seeking investment opportunities in the country.
Bahrain’s parliament has voted to eliminate a part of its criminal law that granted rapists immunity from punishment if they married their victims.
According to the recently published Vistra 2030 Report (“Preparing for a New Era of Globalisation”) the British Virgin Islands (BVI) maintains its position as the leading offshore jurisdiction. The report suggests that businesses and investors prefer established and proven jurisdictions, as evidenced by the BVI’s consistent top rankings since 2010.
