Bvi Company Formation Hong Kong

Maybe you should add the Channel Islands to your list when you look for cheap places to retire.(7.) Isle of Man: The Isle of Man is considered somewhat of a financial center for low taxes. This tiny island, located between England and Ireland has a very low income tax, of maximum 20% and no more than 120,000 pounds.Pros: Low tax rates are not the only advantages offered by this small island. Their pension plan is also really great, which is way many companies choose to have their employee pension plans held in accounts in this country. It's possible to benefit from these pension plans starting from the age of 50 and onwards.Cons: Establishing companies in the Isle of Man may be costly, especially for non - commercial activities and the registration process can be quite complex.(8.) Ireland: Ireland is often referred to as a tax haven, despite Irish officials asserting that is not the case. However, a Congressional Research Service report found that American multinational companies collectively reported 43 percent of their foreign earnings in five small tax haven countries: Bermuda, Luxembourg, the Netherlands, Switzerland and Ireland.(9.) Mauritius:Located in the Indian Ocean, near Madagascar, Mauritius is another island that attracts many foreign investments. A large number of international corporations have subsidiaries established in Mauritius.Pros: The corporate tax levied in Mauritius is really low, compared with other jurisdictions, of only 15%. Capital gains and interest are not taxed in Mauritius and residents can also benefit from various tax exemptions, due to double tax treaties.Cons: Mauritius was used as a location for investments, especially for those directed towards India, but in May 2016, a new protocol amending the double taxation treaty between India and Mauritius was signed. This gives India a source based right to tax capital gains, which arise from alienation of hong kong company set up shares of Indian resident companies acquired by Mauritius residents.(10.) Monaco:This tiny state has only 36,000 residents, but it attracts many entrepreneurs and companies willing to invest in this small country. Why? Because the income tax for residents hasn't changed since 1869.Pros: Once a person has become a Monaco resident, they are allowed to keep all the income they make, without any limitations. It's no wonder that most of the world's millionaires are residents of Monaco. Corporate taxes are also really low, which makes Monaco a great location to start a company.Cons: In order to become a Monaco resident, a person needs to be a citizen of an EU - member state or have a long-term French visa. It's also necessary to deposit at least 100,000 Euro in a bank in Monaco, to have private health insurance and to buy a property in Monaco.(11.) Switzerland:Switzerland has in its banks right now the equivalent of 6.5 trillion dollars of assets under management, and 51% of that comes from abroad, so it's not really a surprise the country is also a global leader in asset management, with a market share of 28%.Under international pressure, Switzerland has relaxed slightly in recent years its laws on fiscal secrecy, but the lobby for keeping these regulations remains strong as evidenced by the aggressive policy of the country against pressures for disclosure of information in this sector.Pros: Combining low taxes with a top - notch banking system, it's no wonder that Switzerland is one of the most popular tax havens in Europe.