ProACT Expatriate Advice
|
||||
Limassol Marina - beginning of the year 2013
The first ninety four apartments on the new marina development in Limassol have been delivered marking the completion of beginning of the project’s operation; the first yachts are anticipated to arrive in March. Limassol Marina has welcomed its first residents with the turn of the year. The delivery of the 94 luxury apartments and penthouses at Nereids Residences marks the beginning of the project’s first operational year. According to a press release, Mr Takis Palekythritis, General Manager of Limassol Marina Ltd, expressed his pride in this important first s...
Manager 04 Feb 2013 Hits:379 Property
UK loses £1bn tax to wealthy Monaco expats every year
The tax man has come under attack for turning a blind eye to more than 2,000 British expat millionaires living in luxury in Monaco while they retain close ties with the UK. Tax law recently upheld in a series of court cases clearly states that expats are still liable to pay tax in the UK unless they have broken all ties to live overseas. An investigation by The Times newspaper in London reveals that the 2,000 expats in Monaco include 500 directors of UK companies who run more than 1,300 businesses in Britain. Tax experts claim these wealthy entrepr...
Manager 01 Feb 2013 Hits:321 Immigration
Monaco Residency - Surprisingly Competitive In 201…
International property surveys often see Monaco quoted as the most expensive country in the world to buy an apartment, and those that don't have the Principality top will have it in second or third place. When it comes down to street level, Monaco again frequently tops the surveys with Princesse Grace…
Monaco: A specific tax system
The main principal of Monaco's fiscal system is the total absence of direct taxation. There are two exceptions to this principal : · Companies earning more than 25% of their turnover outside of the Principality and companies whose activities consist of earning revenus from patents and literary or artistic property rights,…
Vatican tax exemption ends in 2013
Finally, Italian Prime Minister Mario Monti promised to end the Italian Catholic Church's historic tax exemption from 2013. This move could bring in up to an estimated one billion euros to help with Italy’s budget deficit. After telling the European Commission but not the Church, the decision appeared in an announcement on the government’s website. It was welcome news for…
Davos 2013: David Cameron calls for action on tax …
UK Prime Minister David Cameron has said that countries must work together to clamp down on tax avoidance. "Individuals and businesses must pay their fair share," he told leaders at the World Economic Forum in Davos. He said that "trade, tax and transparency" were the UK's economic priorities. It comes a day…
Malaysia My Second Home
This program is promoted to foreigners that meet a particular set of criteria, often for a period of ten years and renewable. This allows foreigners to bring their spouse, parents and children. This permit is issued to foreigners looking for a long term social visit in Malaysia. Duration of stay is anywhere…
European passport in Cyprus - what do you need to …
Do you as the applicant for a European passport have a direct investment in Cyprus of at least €25 million (e.g. immovable property, factories, land, business etc) As the applicant for European Citizenship one year prior to the applicants Cyprus passport application you must set up a local company and or…
Starting business in Cyprus 2013
Starting a Business DB 2013 RANK 37 DB 2012 RANK 32 CHANGE IN RANK -5 View details » View methodology » Compare all economies » Year Business entry density rate Number of new limited liability companies 2011 24.73 19,538 Indicator Cyprus Eastern Europe & Central Asia OECD Procedures (number) 6 6 5 Time (days) 8 14 12 Cost (% of income per capita) 12.4 6.8 4.5 Paid-in Min. Capital (% of income per capita) 0.0 5.0 13.3 No. Procedure Time to Complete Associated Costs 1 Reserve the company name and get initial approval…
Changes apply to Cyprus in 2013
MOF Announcement The Minister of Finance has made public, through the government Budget program of 2013, information about the Integration of Cyprus Government in the Support Mechanism. The parliament has already voted a series of laws to reflect the new Government Policy. TROIKA – Economic Adjustment Program Ministry of Finance publication: - Memorandum of…
Visas and immigration issues in Cuba
Visas in Cuba are generally short-term. The only way you can become a permanent resident is if you marry a Cuban citizen. Even then, it takes a few months to process, and you also have to prove your funds. Tourist Visa Virtually everyone must obtain a tourist card or visa to enter Cuba.…