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Tax storm. British Virgin Islands ceased to be a "haven" for shall companies
...BVI). Since January 1, 2019 criteria of economic presence for foreign companies has entered into force in BVI, which will become a powerful barrier for the registration of shell business. **British Virgin Islands, beloved all over the world for zero taxation of legal entities, in agreement with the European Union, enacted the Law on Economic Presence, which entered into force on January 1, 20...
Path: BlogEstablishing an Offshore Business: An Overview
...dded to the European Union's list of non-cooperative jurisdictions, limiting access to EU funds. Hence, companies might gain more from investigating other choices, such as areas that are legally tax-exempt or have no taxes. 3. Jurisdictions with zero taxation The United Arab Emirates (UAE), notably Dubai, is an excellent example of a zero-tax country. Corporate Tax Exemption : Dubai of...
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