/Tag:Macedonia

Offshore firms own 40.000 properties in London

A research conducted by the British newspaper The Guardian demonstrates that the offshore ownership of properties in London has increased with 9% over the last 10 months. At present, companies registered in tax havens, such as Panama, Liechtenstein, Cayman Islands, and the British Virgin Islands, own around 40.000 commercial and residential buildings in Greater London. The [...]

Silent Partnerships in Macedonia

Macedonia offers numerous opportunities to international business investors. In addition to low tax environment, governmental incentives for companies operating in high-tech sector, and other corporate benefits, Macedonian law allows the formation of silent partnerships. The opportunity to become a silent partner may be of interest to persons who would like to receive income without the need [...]

Macedonia has the lowest tax rate in the world

The World Economic Forum (WEF) released the Global Competitiveness Report 2015-2016. The report identifies the competitiveness index of 140 jurisdictions. The competitiveness index is calculated on the basis of various variables, including the total tax rate. The total tax rate measures the amount of taxes and mandatory contributions which should be paid by a business in [...]

Macedonia – a tax haven in the Balkans

While most European countries impose corporate income tax exceeding 20%, Macedonia, as a shining European tax pearl, charges a corporate income tax of 10%. The corporate income tax in Macedonia is charged on two components, namely, any forms of distribution from the profit (including dividend distribution) as well a­s certain non-deductible expenses and understated revenues. The [...]

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