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Jurisdiction Spotlight: The Gambia

The government of Gambia has finally issued a statement. The Icommerce Registry is a scam. This article has been updated and removed of most content, so as to not continue conveying any sort of trust for the Icommerce Registry. ministry of justice press release companies The General Public is hereby…


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Flags of Convenience

Ahoy, skipper! Unless you are looking for brief, general information about which tax haven to register your freight ship or yacht in and how flags of convenience work, this probably isn’t going to be an interesting article to you. What is a Flag of Convenience? A flag of convenience (FOC)…


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Jurisdiction Spotlight: Nauru

That’s actually not the Curaçao flag, but good eye! The butt of many jokes in the financial services sector, Nauru is a husk of what it once was. And thank goodness for that. When people think about offshore jurisdictions like Cayman Islands, Bermuda, and even the less upstanding ones like…


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The Reality of Secrecy Today

This is a companion article to my recent article on Automatic Exchange of Information (AEOI). It spurred from a discussions over at the forum about Real Jurisdiction secrecy and AEOI (among other threads on the subject). With banking secrecy being eroded over the last decades and corporate secrecy penetrated by…


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Jurisdiction Spotlight: San Marino

Tucked away up in the Apennine Mountains of Italy, which fully surrounds the tiny nation, San Marino is the longest surviving sovereign state and republic, tracing its origins to the 3rd of September in the year 301 when it gained independence from the Roman Empire. Since then, not much has…


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Banking in the Philippines

At this point, you might have heard about the Philippines as an unusual but not necessarily offshore banking jurisdiction. I have contemplated doing a Jurisdiction Spotlight about the Philippines and while there may be enough to say about incorporation and residence in the Philippines, I thought banking deserves its own…


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Jurisdiction Spotlight: Guatemala

Streber / the 31st of March 2016 Guatemala has most of everything one has come to expect from a Spanish-speaking tax haven in South America: territorial taxation, low taxation, secretive banking, and a very comfortable lifestyle. Guatemala has however suffered a problematic past which has left the country lagging behind…


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Territorial Taxation

This is going to be one of those articles that I start with a disclaimer about how irresponsible you would be to take my word as gospel. I talk about complex subjects on a high level, sweeping manner.  As always when discussing legal concepts across jurisdictions and even legal systems,…


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Jurisdiction Spotlight: Grenada

A tax haven that has fallen from its previous prime and glory, Grenada today is a husk of what it once was: a free-for-all for tax evaders and money launderers. Grenada is a former French (1649 – 1763) and British (1763 – 1974) colony. The young nation started its independence…


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AEOI and CRS

What is AEOI? In very simple terms: jurisdiction sign the Common Reporting Standard (CRS) which dictate what information is to be shared and the MCAA (Mutual Competent Authority Agreement) which sets out the authority or authorities that will be responsible for handling the information. Ultimately, this leads to AEOI. Automatic…


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