As one of the world’s leading financial hubs, Hong Kong offers an attractive tax regime for businesses. For more information contact our DBi Partner in Hong Kong: info@d-b-in.com -Kenneth-, KYT Limited Understanding the intricacies of Hong Kong’s tax system, particularly the Foreign-Sourced Income Exemption (FSIE), is essential for companies operating in or considering expansion into the region. In this article, we’ll explore the basics of the Hong Kong tax regime, including key provisions such as the FSIE, as well as the potential tax benefits and implications for businesses with suppliers ..read more

Cyprus: Update On 17 November 2023 Regarding The Application Of The Zero Rate On Meat And Vegetables With Effect From 1 December, 2023 Following the issuance of a Decree by the Council of Ministers, the VAT Act was amended so that the zero VAT rate applies to two more supplies of basic items (meat and vegetables) classified in specific tariff class codes effective as of 1 December 2023 to 31 May, 2024. It is recalled that in addition to meat and vegetables, the zero rate is already imposed on (a) bread, (b) milk, (c) eggs, (d) baby food, (e) baby diapers, (g) feminine protection products ..read more

Operating in the adult entertainment industry comes with specific financial challenges. Whether you’re an expat concerned about tax privacy or facing compliance issues in securing financing, the need for specialized banking solutions is evident. These solutions provide peace of mind and offer advantages over traditional financial services. Collaborating with a vast array of over 700 banks, DBi is able to find a banking solution for any Adult Entertainment Enterprise. Let’s dive into what they have to offer and How To Open A Bank Account for Adult Entertainment Enterprises! Benefits: Tailored ..read more

Navigating the UK tax system can be challenging, especially for visa holders. Understanding the intricacies of income tax, National Insurance Contributions (NICs), Value-Added Tax (VAT), Corporation Tax, and Capital Gains Tax (CGT) is essential for compliance and financial planning. In this guide, we break down the key components and provide insights to help visa holders manoeuvre through the complexities of the UK tax landscape. 1. Income Tax in the UK: Understanding the Basics Personal Allowance: For the 2021/22 tax year, the standard Personal Allowance is £12,570. Income beyond this thresh ..read more

If you’re considering a move to Portugal or are already a resident, you’ve likely heard of the Non-Habitual Resident Tax Scheme (NHR) and its enticing benefits. For years, it has been a magnet for those seeking favorable tax conditions in this European country. However, recent developments suggest that the NHR scheme might be on the brink of change. As a result, individuals contemplating obtaining this status or planning a move to Portugal are urged to expedite their actions and ideally complete the process by December 31st. Why is this significant? Under the NHR scheme, qualifying individuals ..read more

If you’re the proud owner of a precious metals company, you understand the importance of safeguarding your valuable assets. While many business owners opt for physical storage, there exists an alternative that offers superior protection and convenience: opening a specialized bank account for storing precious metals. So, what are the advantages of having a bank account tailored to your precious metals business? Unparalleled Security: One of the most compelling reasons to consider a dedicated bank account is the heightened security it offers. Instead of storing your precious metals on-site ..read more

For individuals residing abroad or entrepreneurs seeking to venture into the global market, the decision to open a bank account for a CFD brokerage can prove highly advantageous. A CFD brokerage provides an array of trading opportunities, encompassing forex, stocks, indices, and commodities. Engaging in CFD trading, with its attractive low fees and substantial leverage, presents a potentially lucrative investment avenue. Nonetheless, safeguarding your funds should be a paramount concern. By establishing a bank account with a CFD brokerage, you can enjoy the assurance of your money’s protectio ..read more

As the world continues to evolve and globalize, the escort industry has experienced significant growth in recent years. Operating an escort directory allows you to connect clients with service providers and enjoy the advantages of managing your own business. However, due to social stigma and legal regulations, opening a bank account for an escort directory can present challenges. Reasons for Opening a Bank Account for an Escort Directory Establishing a bank account for an escort directory offers numerous benefits to business owners in this industry. Primarily, it enables you to separate your p ..read more

In today’s digital era, online casinos are becoming increasingly popular among people who love gambling. Online casinos offer the convenience of playing from home, and they provide numerous benefits that brick-and-mortar casinos cannot match. People who run online casinos require bank accounts to process payments from their clients. However, opening a bank account for an online casino can be a daunting task if you do not know what to do. Whether you’re an expat or a business owner, read on to know more. Benefits of having an online casino bank account Opening a specific bank account for an on ..read more

As a business owner, it’s important to have a bank account that is separate from your personal account. This way, you can keep track of your business expenses and income more easily. Having a dedicated account for your business also makes it easier to apply for loans or lines of credit in the future. When you’re ready to open a bank account for your business, there are a few things to keep in mind. Here’s what you need to know about choosing the right bank account for your gambling business. Why you need a bank account for your gambling business A bank account is an absolute necessity for any ..read more