Russia Information: Low-Tax and Incentive Regimes

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On this page: - Russia Tax-News.com Coverage » - Russia Tax Treaty Updates from TreatyPro » - Russia Knowledge Base » - Russia Comments »   Russia News Coverage - 06/02/2012 Singapore Tops 'Doing Business' Index - 31/01/2012 Russia Rattles Sabre Over US Trade Law - 16/01/2012 Russia Appoints 'Black Economy' Task Force - 11/01/2012 Argentina Hikes Import Taxes On Luxury Vehicles - 26/12/2011 US, Russia Implement Patent Cooperation Agreement More Russia Tax News » Russia Tax Treaty Updates from TreatyPro Treaty Update: Russia - Italy 16/1/2012 According to preliminary media reports, the Russian government on January 12 approved a draft law that would ratify the pending DTA between Russia and Italy. Treaty Update: United Arab Emirates - Russia 9/12/2011 According to the Finance Ministry of the United Arab Emirates, a DTA between the UAE and Russia was signed on December 7, 2011. Treaty Update: Russia - Various 1/12/2011 According to preliminary media reports, on November 25, 2011, the Russian government approved draft protocols to existing DTAs with Luxembourg and Switzerland. Among other provisions, the protocols would introduce wording to facilitate tax information exchange. More Russia Tax Treaty Updates from TreatyPro »   Russia Knowledge Base - RUSSIA CORPORATE TAXATION - RUSSIA FORMS OF COMPANY - RUSSIA DOUBLE TAX TREATIES - RUSSIA Виды Юридических Лиц в России - RUSSIA Соглашения об Избежании Двойного Налогообложения - RUSSIA Налоги с юридических лиц Russia Features - RUSSIA AND OFFSHORE Russian Version - By Amanda Banks, London Where does foreign investment come from? Where does all that flight capital go to? Cyprus, Malta, Gibraltar and other favourite locations for investment into and out of Russia. - DOING BUSINESS IN RUSSIA - By Jeremy Hetherington-Gore, Moscow In this article, we look at a variety of issues relevant to expatriates living and working in Russia, including immigration, residence, travel, business practices and negotiation.   Lowtax Network Comment System To ask a question or if you have an opinion you want to share: start a new thread, or reply to a thread below: Topic: Lowtax.net General Thread Title lowtax.net text says: "The normal minimum capital requirement is KYD42,000." does this mean that an incorporator has to pay KYD42,000 to the government or keep it in a cayman bank or what? thank you in advance for your reply Read Replies | Reply | Start New Thread Topic: Lowtax.net General What's the cheapest offshore company formation service? I'm from the EU, and would like to open a company (either inside or outside the EU) that would allow me not to pay VAT when buying Internet services from the EU (typically from Germany). It would also provide me with a more professional name to hold all my domains and Internet services, and help me keep my home address private. Can anyone suggest a good service that will take care of this? Cheapest meaning it shouldn't be too expensive to open AND maintain, as I won't really be trading anyway (using services for my own benefit at the moment, so I also don't need bank accounts etc. for the company)...Anto Read Replies | Reply | Start New Thread Topic: Lowtax.net General Hi there, I have Polish citizenship... Hi there, I have Polish citizenship and have been working on a contract with a British company in Saudi Arabia where I will be staying for over two years or even more. My family (wife and two kids) are residing in Poland, which means that I am classified by Polish tax law as a Polish tax resident even if I work offshore. The question is how can I rescue my money earned in the KSA from the draconic taxes in Poland. Some nationals like British are exempt from the home tax if they earned the money in KSA. Waiting for any creative solutions - and can pay for the professional and workable advice. Read Replies | Reply | Start New Thread Topic: Lowtax.net General Help: Offshore Business Account with Good Wire Transfer Facility Hello friends, I am in deep trouble here. SO I am from India and into performance marketing [online lead generation business] from last 5 yrs almost and last year I started one performance marketing company here in India. It has around 70 good active affiliates and all of them do good volume of business. It was going smooth and I was sending bank wires regularly to my affiliates from my indian business account until I got a freaking letter from income tax department that I need to pay 30% tds [tax deduction at source] for every outgoing foreign remittance [please note its not in profit but every outgoing remittance in foreign currency] and that brings full stop to my business. Right now I am sending those payments through a friend's business account but I know very soon he is also going to have that warning letter.In India outgoing foreign remittance are very sensitive issue for governments , I guess due to economy. So, I need solution. I tried US LLC but they need that I go there in person and open the business account and I need someone with 'money transaction' authority in the USA from my bank account since am from India. And I don't have any one so much reliable in the US. So, only option left is offshore business account in Panama [?] or British virgin Island or can anyone suggest me? What I need is lots of incoming and outgoing wire transfers facility every month. Like 40 incoming wire transfers from USA and UK [from advertisers] and 240 outgoing international wire transfers every month [to affiliates] so that I can concentrate on my business instead of taking tension about these silly issues. Do you know panama/British virign Island/whatever good offshore location banks allow to do it online without rising issues? Thank you in advance.Jit Uppal Read Replies | Reply | Start New Thread Topic: Lowtax.net General REDOMICILE OF ISLE OF MAN CO Could someone tell me to what juristictions can an Isle of Man Exempt Company be re-domiciled which will have cheaper annual fees i.e Dominica, Belize e.t.c and what documents are needed to do so Thank you Peter Read Replies | Reply | Start New Thread Topic: Lowtax.net General first geneva wealth management Hi, has anyone had any dealings with this company First Geneva Wealth Management based in Switzerland and London or can you direct me to a companies register or find the names of the directors. Many thanks in advance. MLM Read Replies | Reply | Start New Thread Topic: Lowtax.net General Has anyone invested in the Aruba World Trade Center Has anyone invested in the Aruba World Trade Center through Solaris Global Partners and if so have you any idea where we currently stand. Many thanks Irish Invertor Read Replies | Reply | Start New Thread Topic: Lowtax.net General Offshore Legal Resources We are pleased to announce the creation of the Offshore Law Directory. The Offshore Law Directory is a human edited directory for Law Firms and Lawyers providing Offshore Legal Services. www.offshorelawdirectory.com Read Replies | Reply | Start New Thread Topic: Lowtax.net General Offshore Company Formation and Bank Account Hi, I wish to setup an Offshore company and get a basic Business Banking account with Internet+Phone+VISA card facility. I mainly do online business and most of them don't need VAT. So VAT is not my requirement. All I need is the least expensive Offshore company formation and least expensive Bank account. I've been doing research for sometime and narrowed down on few choices: IBC: Belize, Marshall Islands, Isle of Man Bank: Isle of Man, Latvia For banking again I need a basic bank account with very less initial deposit and fee. Could anyone suggest me any affordable solution? I see that company formation services are so expensive. It takes 40 odd quid to register UK company. Any help will be appreciated. Most of my businesses are online and I end up paying huge UK Corporation tax which can be easily saved by setting IBC and Offshore bank account.Jack Read Replies | Reply | Start New Thread Topic: Lowtax.net General investment portfolio in Australia while residing in Italy I am an Australian living in Italy with Italian residency. I have been here for 5 years and am classed in Australia as a "non-resident" of Australia since I have been out of the country for more than 180 days. If I begin an investment portfolio in Australia,what are the implications of the earnings in ITALY? Will I be taxed on these earnings in Australia and Italy? Please let me know if you are a tax expert or someone who has just done the same thing. I want to know how to verify the information and who I can talk to here in Italy but be able to speak in English. Thanks!Bu Read Replies | Reply | Start New Thread Topic: Lowtax.net General Offshore Companies - South Africa. Hi, This may sound like a rather broad question but would anyone be able to tell me how common the use of offshore Companies are in South Africa (in particular)British Virgin Islands and Cayman Islands Companies)? i.e. I want to know if there is any prohibitive tax legislation which may render their use rather limited. A Read Replies | Reply | Start New Thread Topic: Lowtax.net General Offshore corporate home with minimal reporting I'm a Canadian citizen & resident operating a small online business that has staff around the world (Canada, USA, Europe, Australia, Asia) and clients around the world as well. Most of our revenue is from the USA. Our shareholders are also spread out around the world (although I am the majority owner). We're currently registered in Canada, however dealing with the Canadian tax authorities is becoming a hassle. I actually don't mind the taxes that much, but the reporting requirements and audits (we've been audited twice now, both time they found that we owed no money, but each audit cost us money and wasted lot of time) are a huge annoyance. I'd be interested in relocating the company to a country that has low taxes for offshore business (revenue earned outside the country) and, most importantly, minimal reporting requirements (ie: paperwork). I intend to pay my personal income taxes legally and appropriately in my country of residence (which may be changing shortly). Any suggestions. Read Replies | Reply | Start New Thread Topic: Lowtax.net General Residency in Panama Hi, Im a retired UK citizen living in Spain. I recieve a uk company pension paid untaxed in the UK. If I were to take residency in Panama I believe that I would have no tax liability there on foreign income i.e. my pension. Question is, when I informed HMRC in the UK that I was resident in Panama would I be liable for UK tax on my pension. Read Replies | Reply | Start New Thread Topic: Lowtax.net General EU Residency and Swiss Banks What would be the general advice for an EU resident contracting with a Swiss company and being paid out of Switzerland ? These days that doesnt seem the most safe country to open a personal bank account being an EU resident Read Replies | Reply | Start New Thread Topic: Lowtax.net General Is offshore a solution? I live in Romania and I am earning money from affiliate marketing. I am earning between $3000-$5000/month but this may go up to $10.000/mo in the future. I am not selling anything, I don't have to give invoices, I just have a website where I promote other international companies and get money from them. I am currently paying 16% taxes. Should I open an offshore company? How much would that cost per year? What is the best solution? I don't plan to move from Romania.Sebi Read Replies | Reply | Start New Thread Topic: Lowtax.net General UK INCOME TAX THRESHOLDS (IN WEEKS) FOR NON UK RESIDENTS WORKING IN THE UK Can you please tell me if there are any income tax thresholds in the uk for non UK residents who wish to work on sort term agency work through an offshore limited company in the UK before paying uk income tax, if so what is the threshold period allowed under uk tax laws. Read Replies | Reply | Start New Thread Topic: Lowtax.net General Safe, sunny and low tax place to move when married with children I'm Polish software developer. I'm looking for a safe, peaceful and sunny place with the low taxes. Becouse of small kids security, medical care and education are our priority. Of course, beyond the taxes :) I will appreciates any suggestions.montgomery_burns@vp.pl Read Replies | Reply | Start New Thread Topic: Lowtax.net General Taxes while non-resident Hey everyone, I am an internet entrepreneur who works from home, and for the next couple of years I will not be a resident of any country, I'll be moving every 4-6 months. I work from my one man Canadian corporation but won't be living there in the foreseeable future. Right now I am a resident of the Netherlands, but I am a Canadian / UK citizen so once I leave I don't expect any follow up from the Dutch authorities tax wise. It doesn't make sense to me to pay taxes to a country I don't spend time in, and technically I can't legally work in the places I'll be staying. So I was wondering if anyone has a recommendation for how I should manage my personal and corporate taxes. I've looked at registering a company in Singapore, but I don't want to end up in trouble and also want to be as efficient as possible. It's also worth bearing in mind that I have clients in Europe, the US and Canada who might be nervous about paying a bermuda based bank account. Does anyone have any ideas? I'd be happy to pay a qualified person for their advice. Thanks very very much!Rich Read Replies | Reply | Start New Thread Topic: Lowtax.net General Danish video production company going offshore A Danish video production company (adult entertainment) is looking to move/outsource certain business functions to a low cost/low tax location. Any suggestions from people with experience in outsourcing of activities, effective balance sheet management techniques, and redeployment of cash flows will be appreciated. Please, keep in mind that this is more than just about taxes, and that given the nature of the business, a number of locations/banks may not be considered as an option even as an exercise in eccentricity. Regards Albert Read Replies | Reply | Start New Thread Topic: Lowtax.net General Canadian expat living in South Korea wants to set up an offshore company and bank account with minimum tax exposure Hi I am Canadian expat living in South Korea and currently running my own on-line business registered in South Korea. Very shortly, I will start another on-line business basically providing services and web-advertizing via website utilizing email and paypal payment etc. I want to set up an offshore company and a bank account for this business which will allows me minimum tax exposure yet being legal all the time (Canada-Korea-new offshore jurisdiction tax treaty). I am considering Hongkong or Singapore for this but any oter suggestions are also appreciated. I would like to get initial set up cost (company setup and bank open) and annual maintenance cost breakdown including accounting services as well. I am looking for a reputable agency with competiive pricing. Please advise.Samuel Read Replies | Reply | Start New Thread Custom requirement UK company paying dividends to Cyprus Company EU Saving tax Where should I setup an offshore company? Australian company/trust buying properties in USA working abroad for my own IBC in need of investor/venture capital fund for a Russian IT project us investments Looking to move from Australia. US investments for non resident aliens Tax Advice List of business adresses in the Bahamas Why have an offshore company if I must report worldwide income? Needing an offshore corporation and a bank account Ontario Perpetual traveller Australia Expat Question Denmark tax Cyprus and Spain another question of Delaware LLC with working in NYC Direct Debit Service Provider Isle of Man vs BVI or Belize website hosting for off-shore hedge fund Transfer English law trust to juristiction (Jersey at present) requiring only one trustee ( person or company) New offshore e-commerce company + merchant account + web-hosting USA Withholding Agents Investing in the Cayman Islands India WHT Trading OTC Gold solution for earning commissions as an affiliate from licensed gambling / adult websites BVI Co to provide services in Germany French nationality in Monaco Venture equity stake ownership by a US citizen Austrian income TAX on Offshore workers in the oil industry Offshore Bank account opening process in Mauritius Looking for English speaking low tax location selling property in Costa Rica REQUIRE SETTING UP A BUSINESS BRANCH OFFICE IN DUBAI Global Trading Company based in US Move to Paradise Looking for an offshore bank Please analyze this offshore setup Indian Resident: Want to open a trading company in Hong Kong? or UAE? Great Offshore Country with Strict Banking Privacy Policy Start a Assessment management company offshore Starting a Limited Trading Company in Hong Kong? Offshore structure to minimize tax on mining profits Avoid setting up a Swiss company UK LTD dormant for Sale with carry-forward losses Monaco residency Malta: Salary paid from untaxed account of non-dom company Indian Citizen into Ecommerce Trade, which offshore company is best for me US Citizen Residing in EU and doing Consulting work is a Wyoming / Delware / Nevada LLC beneficial Where can I find offshore country and how can I start? Web Design Company Looking Offshore (Channel Islands Primarily) tax implications if I am outside south africa for 2 months Nominee services in Romania and Bulgaria Possibility to open bank account in malta E-TRADING Company with low (or none) social security taxes Startup Incorporating in Jersey International insurance company formation - which country is best what tax do I pay if I buy UK property with Hong Kong LTD company I am an American living overseas,I own 51% of a HK corp. but take no income US taxes? Annual accounts of companies based in BVI and Australia Taking advantage of non-residency Substance over Form? Lowest personal tax regime in Europe? Setting up an offshore eBook distribution business. Best place to incorporate a small web-based startup RRSP/RRIF and the Dutch tax system Trust Company In Mauritius Non resident investment account with US Brokerage firm Where to base a company that sells world wide Bullion & Precious Metals Offshore Business Best place for offshore startup? Interesting Film, Media and Copyright financial structures ZEC european low tax asset management company Indian WHT Offshore Money From Colombia Moving to Gibraltar is there a 20 % tax in foreign remittance to Swiss bank accounts Tax applied to queen's counsel temporarily in Hong Kong Best investment or savings option for cash lump sum Australian taxation Lowcost Company in European Jurisdiction Best low tax structure for junior mining company to be traded on stock market BVI Lawyer Cyprus Exporting from EU to Hong Kong Swiss Trust Company Taxing the yachties Best Jurisidction for E-Commerce Web-Site? freezone company - move back to UK TAX/Company formation help NEW GLOBAL WEB APPLICATION US-based LLC providing consulting services in Luxembourg Options after Swiss step-down? Yacht registration in the EU Am I liable for tax, who to and at what rate? is information about shareholders of cypriot company free to access by third parties Andora Online business question Offshore Jurisdiction & Second Residency Curacao - What now? FREE AREA IN DUBAI Malta query Multinationals divorsed women avoiding tax in Australia Please help Offshore stock dealing account Less Tax Best option for my situation? best b2c ecommerce offshore solution ? Expatriate Offshore account and internet UAE New place to live Consultancy services US effectivelly-connected income Offshore Trust/Foundation Trust jurisdiction choice Overtaxed US Citizen wants suggestion Reducing USA tax exposure France, UK accepting business from Seychelles Seychelles? HK? Where should I offshore my consultancy for my international client work? investment advice singapore or hong kong companies Withholding taxes(WHT) in Botswana Gibraltar and EU Directives business with Africa Trust US withholding tax for financial leasing Sole Corporation Euromoney? Offshore Seminars and Conferences Interested in setting up Wealth Management Institution in Hong Kong or Singapour Offshore gaming ability versus offshore incorporation versus offshore banking Double dip costs of a permanent estabslihment? offshore tax due holding company E Commerce Business Set Up Headache Where to set up a fund, a traiding company and a intelectual property Avoiding 50% UK CGT France - Asia i have a small shop in Greece and want to open an e-shop in Cyprus Change juristiction foreign tax withholding on short equity position USA company paying Romanian company - subject to withholding? trading goodies from china to europe Cyprus/US tax treaty Cyprus/US tax treaty Austrian resident/ foreign company Searching for Low Tax Base UK resident, non-dom question French stock exchange listed company, lowering taxes by founding a Madeira vehicle Income tax avoidance in Switzerland Bank Registration/Establishment online poker Russian speaking company registration agents Is Hong Kong suitable for gambling marketing? Incorporating a travel ecommerce business Best way to go Offshore company incorporation / Offshore Bank Account advice needed - Futures trading / investment setup required Permanent traveler tax advice sought structure advice Hong Kong Company Adult content Offshore Company Advice South Africa Offshore banking and investing for an American looking for a tax solution for my sales commission Samoa IC Guatemala bank account T&C Insurance company Offshore company for photographic services best place cyprus tax treaties Marshall Islands tax financial institution and money lending licensing Isle of Man Commercial activity to start Advice needed US consulting firm LLC in Delaware -- What's the best Offshore location Vanuartu Offshore advice for California, USA based Software Developer Having a Hong Kong bank account is illegal? International Trust Tax Free Deferred Annuity offered by Panama company Lloydshare Ltd. Madeira Requirements of a foreign company doing business in the UK. Interested for an offshore bank account Anonymous pre-paid cards telecommuter based in Ireland with customers abroad Forming a new company in Madeira offshore banks? brokerage business best offshore jurisdiction in europe ? Fiscal Nomad Starting a New Ecommerce Site Start-up Software Licensing Firm Looking for Tax Efficient Model Lux/ Irish tax structure? Low cost reliable offshore structure UK Consultancy moving Abroad Relocating assets and business offshore US persons as signatories on foreign bank accounts Bank account in Russia Need to check on a Panama Law Firm - Panama Legal Best Jurisdiction for Hedge Funds Bahamas BEST JURISDICTION FOR FOREIGN GRANTOR TRUST Holding for investment in fixed income Posting Rules Investment holdings- best option? E-COMMERCE AND TAXES Limited Liability Law firm consultancy Residence in Croatia Best banking options available? opening HK offshore company Offshore company setup Tax Planning Suggestions Needed Royalty withholds from USA to Poland Swiss solution SOVEREIGNTY, POLITICS, TAXATION. A NEW APPROACH FOR THE 21st. CENTURY. The first steps... LOOKING FOR CONVEYANCING LAWYERS IN UK FOR OFFSHORE COMPANY Looking for a lawyer or accountant office in UK Offshore Company Investor is looking for best jurisdiction to set up business Diplomatic Passport? How to get one? Don't Bank on the Isle of Man US permanent resident, contract work in Norway and Singapore Delaware, Nevada and Wyoming for permanent resident contracting in EU l want to buy a property in uk and place in ofshore co Transfer Pricing Documentation Hong Kong Banking ? Campione d'Italia Canadian with Delaware LLC purchasing property in New York, Illinois, Tennessee Banking in Jersey company taxation Panamanian Trading Company Malta info Address needed in the ezone can u get a new passeport if u make an investment in one of these countries? B.V. Company in the Netherlands labuan offshore Partnership Tax Deferral U.S. and Foreign Based Income Suitable company and banking solution Event Management Offshore Company Royalty flow through from foreign rights vendor (or make them a partner)? Royalties, Manufacturing and Distribution Foreign Company as a member of a USA company Gibraltar advice - new advisory business Delaware LLC opening bank account in New York What constititues doing business in the USA as a foreign entity? Cyprus Company as a member of a USA LLC Help Needed to Brainstorm Foreign Company as a member of an LLC UK Ltd How can I use another company to take care of my offshore system? Bahamas banking question. Future of ecurrencies in Offshore Law Setting up offshore, staying a UK resident? Freelance Spanish translator considering to set up an offshore company, suggestions? IBC for business Setup options for digital publisher Establishment of a tourist based business New Company - Tax & Regulation Bermuda Tax residence Taking up residence and work outside the UK BELGIUM Claim Tax E-commerce Offshore company Will Tax havens disappear? Denmark Holding Structure reporting requirements or penalties of a US citizen owning and IBC or FLLC? personal tax Offshore broker needed for day trading for a Panamanian Foundation/IBC Online Business Taxation Investment Required Nagpur India SEZ for Manufacturing of Green MGO Construction Boards how to pay less taxes when your bussiness is not so big Panama With Holding Tax CGT and rental income international scheme Offshore Avoiding the 52% tax Looking for a safe and business-friendly place to live internet based company looking for bank Seychelles Investment Best and low risk banks in Singapore? Obama Site reliable? WTO

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