An intro to reducing your personal and business income tax We often get asked whether it is possible to legally reduce your taxes whilst growing your personal and business income. The answer is a resounding “yes”. At Nomad.cloud we are actively pursuing this as a business, and making it available to our clients. In a […]
RCBI stands for Residency and Citizenship By Investment. RCBI programs allow persons from one country to gain residency or citizenship in another for reasons such as tax benefits, better healthcare and state services, access to better education and employment opportunities, or freedom of mobility. Depending on the country of preference either citizenship or residency can […]
GENERAL OVERVIEW A trust is a legal agreement entered into by the “Settlor” whereby he appoints “Trustees” to manage and look after all trust assets on behalf of “beneficiaries”. Although trust arrangements may include numerous variations the most prevalent of these are whether a trust is a testamentary or inter-vivos trust, vesting or a discretionary […]
We asked Franco Cronjé in this 1-minute video.
The tagline for Dubai seems to be that it is a “Tax Haven” as employees can pay no taxes on their salary and companies are not required to pay any corporate income or capital gains tax. Not paying any tax is a very topical discussion amongst friends and colleagues alike. The term “Tax Haven” is […]
Is a tax-free lifestyle a possibility for South Africans? Can you earn an income or trade and invest in Equities, Bitcoin, Ethereum, Cardano, and the likes with absolute freedom and without having to pay any tax? South Africans are subject to a high marginal tax rate at 45% with corporates being taxed at 28% along […]
If the spectactular subtropical island is not enough reason for you to be convinced and consider moving to Mauritius, then maybe some of the following more fundamental reasons may provide some convincing: Approved by EU and whitelisted by OECD Does not feature into any Black Register. 46 Double Taxation Agreements and counting (Majority with African […]
The main types of companies to be incorporated by foreigners in Mauritius is referred to as either a: Global Business License (GBL) An Authorized Company Other companies which may be established include Domestic Companies, Freeport Companies, and Limited Partnerships. Mauritius is also well known for a jurisdiction in which you can preserve your wealth and […]
CORPORATE TAXES MUR imposes corporate taxes on its residents amounting to 15%. Subject to compliance with substance requirements your company holding a global business license may claim a 80% partial tax exemption on certain foreign sourced income. Most notably these include: Foreign interest Foreign dividends Profits of a foreign permanent establishment and many others The […]
Mauritius is an island off the east coast of Africa and is the business and financial hub of Africa providing numerous advantages for setting up your company or preserving your wealth.
You have made the decision to setup your company in Dubai and obtain a residency visa as part of this process. Now the question remains: What is the difference between the various options for setting up a company and which should I choose? You basically have three options for setting up a company: Offshore company […]
The UAE, which forms part of the GCC (Gulf Cooperation Council), has been growing rapidly over the past decade or two, mostly on the back of its oil reserves. The COVID-19 pandemic has not nearly made such a large impact on the GCC countries as is the case in most other countries. The GCC countries […]
Why it’s smart to diversify risk and explore overseas options in light of a failing local economy.
