Thailand is not a tax haven or an offshore center. However, Thailand is a very popular country in which to buy real estate and this can be done with an offshore structure although it is not possible to buy real estate directly from the offshore company. Instead an offshore structure with a local Thai company and physical owners has to be created.
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Deloitte is one of the largest providers of audit, tax,consulting and financial advisory services in Cyprus and constitutes a part of Deloitte Touche Tohmatsu (DTT) that is one of the world’s leading professional services firms with almost 170.000 people in more than 140 countries.
Deloitte’s professional services in Cyprus includes:
Since a couple of months ago there have been a lot of fuzz in the media regarding data with information about Germans having undeclared money in Swiss Banks Accounts. The data has been stolen from a Swiss bank and the person who has stolen the information has offered the German state to buy the information.
The German authorities did already in 2008 purchase data stolen from a bank in Lichtenstein and earlier this year the German federal government authorized the state authorities to buy the information, even though it was obtained illegally. Therefore it seemed rather obvious that the states would take the opportunity to hit hard against the tax evasion and on Friday a spokesperson for North Rhine-Westphalia (NRW) said it now had received the information about the bank accounts bank on a CD. How much it has paid for the information was not revealed.
The case has deeply shaken Switzerland’s large private banking industry and Germans hold an estimated 200 billion euros in undeclared funds in Swiss banks. Only in the past months almost 6 000 Germans have turned themselves in to the authorities which is expected to make it possible for the German authorities to recover about 500 million euros of lost taxes.
read moreA Swiss Trust Company is a dormant Swiss corporation, either an SA (Société Anonyme) or AG (Aktiengesellschaft), that has been purchased from its original owner and reinstated. The buyer receives a tax and liability release certificate and takes over operation of the entity.
A “seasoned” Swiss company has an original incorporation date that remains intact providing increased levels of goodwill, prestige, and marketability. This can be very valuable when merging operations into an existing Swiss company, when added to an investment company or offshore bank structure, or when justifying transactions with the company that might be questioned if it was a newly formed entity created at the time of the transfer.
read moreOften an offshore company address is nothing more than a mail drop assigned to the offshore company. Bank statements, invoices and any other type of company mail may be sent to this address. The mail will typically be picked up each or every two weeks by the offshore company administrator or facilitator. The mail will be put into a plain envelope and mailed to the address of the beneficial owner’s choice. Only the domestic return address and the recipient’s address appear on the envelope and there are no signs that in contains mail sent to the offshore company. Almost all offshore company providers give the possibility to have an offshore mail forwarding address for the offshore company.
read moreA fiduciary is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence. A fiduciary is expected to be extremely loyal to the person to whom he owes the duty, who is often named as the “principal”. The fiduciary must not put his or her personal interests before the duty, and must not profit from his or her position as a fiduciary, unless the principal consents. The most common circumstance where a fiduciary duty will arise is between a trustee, whether real or juristic, and a beneficiary.
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