Any owner of a foreign company or person holding an overseas account should be aware that sooner or later the information about foreign accounts will become known to the tax authorities in their country of residence.
Businessmen need to always be alert as in the future foreign banks will not restrict their activities to information exchange with competent authorities of CRS contracting countries but will also require disclosure of the account funds sources and payment of taxes in the owner’s country of residence.
For this reason, one should be mindful even today of a transparent system of foreign assets ownership and the consistency between one’s actual standard of living and the incomes declared in the one’s country. We will help you figure out how tax information exchange affects your business, which countries do not use it, what the risks are and how to mitigate them.
LEGAL ADVICE ON THE CFC IN RUSSIAN FEDERATION: Requirements, sanctions and what to do in order to avoid penalties for the CFC
Registration a company in Czech Republic
How does one get a payment license in Ireland?
Obtaining Money Transmitters License in USA. Not an easy way..
Write Us or call +38 044 379-30-62