Banking Secrecy Montenegro Montenegro does not have a tradition of banking secrecy comparable to that of Switzerland. However, the Montenegrin Law on Banks and Financial Institutions provides provisions that ensure the confidentiality of clients’ financial information. In accordance with international…
Holland company advantages Holland (or the Netherlands) offers several advantages for businesses, including: Favorable taxation: Holland has a favorable tax regime for businesses. For example, the corporate tax rate is relatively low compared to other European Union countries, and there…
Double Dutch sandwich The “double Dutch sandwich” is a complex tax technique that is used by some large multinational companies to minimize their tax bill by exploiting the tax laws of the Netherlands. The double Dutch sandwich involves the use…
Double Maltese The “double Maltese” is a complex tax technique used by some multinational companies to reduce their tax bill. It is similar to the “double Dutch sandwich” but with Malta instead of the Netherlands. Dual Maltese involves the use…
Tax “Ruling” In Switzerland A tax “ruling” in Switzerland is an advance ruling in tax matters, which allows taxpayers to clarify their tax situation by obtaining advance confirmation from the tax authorities on the interpretation of tax law in a…
Offshore Company Definition An offshore company is a company registered in a foreign country, where it generally does not conduct significant business activity in that country, but rather in other countries. The countries where these companies are registered are often…
