Donald Trump’s recent executive order to ban a “digital dollar” has unexpectedly cleared the way for China and Europe to potentially set global standards with their central bank digital currency (CBDC) prototypes. As the United States opts out, remaining the only major economy with such a ban, it stands apart
Having spent over a decade in the corporate and fiduciary industry specializing in entity management, I have gained valuable insights into the evolving needs of the sector. Hands-on experience with market-leading solutions has offered a unique perspective on service delivery and user experience. This journey inspired the creation of NorthLark
n the ever-evolving global economic landscape, Latin American countries are actively seeking to attract foreign capital through various tax incentives. This article explores the investment opportunities available in Panama, Uruguay, and Paraguay for foreign investors. PANAMA Tax System Panama operates under a territorial tax system, meaning that only income generated
The Evolution of Wealth Preservation and Expansion For ultra-high-net-worth individuals (UHNWIs), traditional wealth management is no longer enough. Today, financial discretion, global mobility, and asset protection are critical components of a robust wealth strategy. Golden visas and second passports have become essential tools for safeguarding wealth, optimizing tax liabilities, and
Hungary is a country located in Central Europe and member of the EU as well as the Schengen Area. Hungarian governments have always been keen to encourage foreign investments. Hungary now serves as a hub for investments not only into Central and Eastern Europe, but the European Union as well.
By Matthew Smith, TEP – Group General Manager, Southpac Group While offshore trusts are available in a variety of jurisdictions, few offer the levels of all-round benefit available in the Cook Islands. The Cook Islands is situated in the South Pacific, around a 4-hour flight from New Zealand and 8
For over 30 years now, the Indian Ocean Island, Mauritius which is about 2,000 kilometres off the southeastern coast of Africa and east of Madagascar, has been vibrant to attract worldwide investors for the structuring and hosting of their cross-border investment vehicles. Mauritius is a beacon of economic success in
Italian lawmakers are set to moderate a proposed increase in taxes on cryptocurrency capital gains, following industry pushback and internal disagreements within the ruling coalition. According to statements on Tuesday by Giulio Centemero and Treasury Junior Minister Federico Freni of the League party, the planned tax hike from 26% to
Since the launch of Saudi Vision 2030 in 2016, Saudi Arabia has emerged as a global investment hub, fostering strong economic ties with foreign investors such as China. This strategic relationship offers Chinese investors unparalleled opportunities in a rapidly diversifying Saudi market. In order to position itself as a business-friendly
Tax considerations play a significant role in the lives of wealthy individuals, often dictating their choice of residence. High-net-worth individuals (HNWIs) tend to gravitate toward countries that offer favorable tax regimes, moving away from regions with high tax burdens. In 2023, the tax wedge in OECD countries reached nearly 34.8%,
