The Turkish government has amended the citizenship program for investment.

According to a decision adopted at a Cabinet of Ministers meeting on 12 April 2022, the requirement for real estate investments to obtain Turkish citizenship will increase from $250,000 to $400,000.

The conditions for obtaining a Turkish residence permit remain unchanged: a residence permit can be issued to the owner of any property. However, changes in the citizenship program may cause another housing price hike in Turkey.

These are the current changes on Turkish citizenship. For more detailed advice, you can fill in the feedback form on the website or contact me by any convenient means (tap "Contacts").

Recent world events have prompted interest in registering a business in the UAE.

What can attract entrepreneurs and investors to the country?

• The resident visa is issued for 3 years and takes only 3-4 weeks to process.
  
• There are more than 40 free economic zones in the UAE, so there is no corporate tax for companies registered in these zones.
  
• Long-term (golden) visa and residence permit for 5-10 years. The UAE have only recently started allowing investors and entrepreneurs to live, work and acquire real estate in the country without a local sponsor.
  
• No UAE national agent is required for foreign companies that want to open a branch office and operate in the country.
  
• From 2021, a foreign resident will be allowed to own 100% of a local company (without mentioning that it is a branch). Previously, the UAE only allowed a non-resident to own 49% of a company.

These are the current changes for this country. For more detailed advice, you can fill in the feedback form on the website or contact me by any convenient means (tap "Contacts").

Stages:

1. Choosing the legal form of the future company. The most popular is a limited company (LLC).
   
2. Choosing the name of the company. It must not be the same as the one already on the Hong Kong register.
   
3. Preparation of documents and information (Type of activity, structure, documents on participants).
   
4. Registration of the company in the register. Time frame 3-7 days.
   
5. Production of statutory documents.
   
6. Certification and apostille of documents.
   
7. Corporate account opening.
   
8. Trademark registration.

I accompany my clients on each of the stages described above. For more detailed advice, you can fill in the feedback form on the website or contact me by any convenient means (tap "Contacts").

The possibility of reducing the amount of taxes is an important point for every entrepreneur.

The Czech tax system offers formal benefits and support programs to business owners.

But before conducting company registration activities you MUST take the advice of an auditor.

The normal rate of income tax is 19%, while the income of investment funds is subject to a tax rate of 5% (e.g. it is money transferred to the EU on a regulated stock market).

• A reduced zero rate also applies to pension funds. That is, if a Czech company receives investment income from abroad, it is subject to a 15% tax.

• In addition to the benefits, the Czech tax system involves the use of tax deductions. In such a case, if a company makes a donation exceeding two thousand Czech crowns, it can deduct up to 10% of the tax base.

• Reduced VAT tax rate depends on the activity. 15% when dealing with medicines and products. The same applies to income from service provision.

Additional privileges may be granted to foreign businessmen in exchange for creating jobs or investing in upgrading the skills of employees.

Taxes in the Czech Republic are generally straightforward, but there are a lot of nuances, so you cannot do without an auditor when doing business in the Czech Republic.

Do you want to learn more about company establishment in the Czech Republic? For more detailed advice, you can fill in the feedback form on the website or contact me by any convenient means (tap"Contacts").

Europe is certainly a great option, but the most budget-friendly option for acquiring citizenship for investment is Dominica.

The idea is to make an irrevocable investment in the Country Fund. The fund was established in 1993. The money investors contribute to Dominica's sovereign wealth fund goes towards the country's social and economic development.

The Dominica passport allows visa-free travel to 143 countries, including the European Union, the UK, Hong Kong and Singapore.

Investors with a Dominica passport receive a B1/B2 visa to the USA for 10 years at once.

The period of stay in the USA is up to 180 days within a year.

Tax residents in Dominica pay no tax on dividends, interest or royalties received from abroad. There are no taxes on wages, capital gains or inheritance.

Tax rates:
-at source -15%,
-herb tax - 2-4%,
-on the transfer of real estate -6%

The investor's children can study at some schools and universities in the UK on favorable terms.

With a Dominica passport it is easy to open accounts at European banks. This will allow you to take out loans, keep money on deposit and make quick currency transactions.

Do you want to know more about obtaining citizenship in Dominica? For more detailed advice, you can fill in the feedback form on the website or contact me by any convenient means (tap "Contacts").

Since 2012, it has been allowed for non-residents of Andorra to establish a company.
Legal forms of incorporation of legal entities:
1. joint-stock company - share capital of 60,000 €
2. LLC - share capital from 3000 €

Benefits:
1. Tax treatment - the basic rate of taxation is 10% on profits, which benefits the region, especially as it is Europe.
2. VAT rate of 4.5%.
3. Social payments to the employer 15, 5%
4. Tax on dividends to the shareholder 0.0%
5. Holding structures (taxed at 0%).

Attention!

• Non-resident investors may be owners of an Andorran company or property in that country.
  
• On the basis of company registration, it is possible to obtain a resident status in Andorra.
  
• Favorable tax status of 2% (patent, copyright, software development, etc.)
  

Do you want to learn more about the company registration procedure in Andorra? For more detailed advice, you can fill in the feedback form on the website or contact me by any convenient means (tap "Contacts").

The tasks of a lawyer in a "citizenship by investment" procedure:
1. Concluding a service contract.
2. Due diligence of all parties to the deal (object of purchase, developer company, seller).
3. Collection of documents, translation, certification and completion of government forms.
4. Submission of the investor's set of documents to the financial department of the government concerned.
5. Approval of the candidate by the government, making an investment.
6. A lawyer accompanies you until all the paperwork is complete.

* Each country has its own specific procedure for obtaining citizenship.

Do you know that you cannot do without an international lawyer while purchasing a business abroad or processing a number of documents? For more detailed advice, you can fill in the feedback form on the website or contact me by any convenient means (tap "Contacts").

- Low tax rates;

- Opportunity to obtain residency status and travel the world;

- Audit of economic activities, easily and without problems.

For me, as a person with experience of "spinning" in the UAE business circles, Bahrain really gives an opportunity to conduct business qualitatively and without problems, without thinking about high tax rates, crippling deadlines for reporting, amounts of tax payments, etc.

Therefore, opening an office in Bahrain has become an integral part of my endeavours.

Got questions about business relocation? For a more detailed consultation, you can fill in the feedback form on the website or contact me in any convenient way (tab "Contacts").

Bahrain today is a highly developed centre for communications and transport, a major financial institution and is notable for its large offshore business opportunities.

Bahrain is known as the business capital of the Persian Gulf, a major financial centre and business hub in the Middle East, and home to numerous multinational companies doing business in the GCC countries.

The main industries in Bahrain are financial services and tourism, cement production, aluminium smelting, oil refining. A significant share of exports are petroleum products which are produced from imported oil. Bahrain is also globally orientated, relevant and attractive to investors and workers from around the world, making it the most hospitable country in the region to conduct business in.

The most common forms of ownership in Bahrain are the closed joint stock company (CJSC) and the limited liability company (LLC), also known as WLL. Due to their flexible corporate structures, company registration in Bahrain is available to almost everyone.

Are you interested in setting up a business in a legal and attractive jurisdiction? To get a consultation with me, you can fill in the feedback form on the website or contact me in any convenient way (tab "Contacts").

To obtain Turkish citizenship through an investment programme, you can only buy property from Turkish citizens who have not obtained citizenship under this option.

A foreigner who has obtained Turkish citizenship through an investment programme is not entitled to sell any real estate to foreigners applying for citizenship. I.e. if you are an investor and own several properties, and even if you did not obtain citizenship on them, you cannot sell them to another foreigner to obtain citizenship!

If a foreigner who has obtained Turkish citizenship sells the property to the former owner after three years, his citizenship is cancelled❌.

Foreigners applying for citizenship may not acquire real estate in shared ownership , even with a high cadastral value. The TAPU (property document) should only show one owner claiming citizenship.

Under citizenship, it is not possible to buy secondary real estate from a Turkish natural or legal person if the property was bought by him from a foreigner and has been in his ownership for less than three years.

It is not possible to obtain citizenship for the purchase of real estate if another foreign investor has already obtained citizenship for that property.

When buying properties at the initial stage of construction from a developer who has contractual obligations to the landowner and has not yet registered the TAPU in his name, all properties must be listed in one notarised contract.