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[ Offshore Tax ] Tax Treatment Differences Spain's Startup/Nomad Visa vs  Beckham Law

Startup Law Enhancements for Equity Compensation:
The startup law significantly increased the tax exemption limit for employees who receive shares, interests, or stock options as part of their compensation. The annual exemption threshold has surged from €12,000 to an impressive €50,000. This substantial increase allows employees to receive equity compensation without immediate tax liabilities.
Furthermore, the law introduces a deferral mechanism for taxing gains from these equity awards. Under this new regulation, taxation on earnings from awarded shares, interests, or stock options is postponed until these instruments are liquidated. Liquidation can occur during an initial public offering (IPO), upon sale to a third party, or after a 10-year period. This deferral enables employees to participate in company growth without immediate tax consequences.
Addressing Carried Interest and Tax Reductions:
The Startup Law also addresses a long-standing request from employees of investment companies based in Spain. It incentivizes the taxation of carried interest, which often receives favorable tax treatment in other jurisdictions. Specifically, the law regulates carried interest as employment income and includes a 50% reduction in taxable income derived from success fees paid by venture capital firms, subject to certain conditions.
Tax Benefits for Foreigners:
The Spain Startup Law introduces a suite of tax benefits that significantly favor foreign investors and professionals, positioning Spain as an even more attractive destination for international business and remote work. These benefits are tailored to ease the tax burden and simplify processes for non-residents engaging with the Spanish economy.
Foreigners can now benefit from the IRNR regime for an extended period of up to 10 years, doubling the previous limit of 5 years. This extended duration offers a flat tax rate of 24% on income, a substantial reduction compared to progressive rates that can climb up to 50%. This flat rate represents significant tax savings for high-income earners and serves as a powerful incentive for foreign talent and investors considering Spain as their new base.
Additionally, under the Startup Law, foreigners are exempt from making fractional payments of the IRNR. They also have the option to defer this tax during their first two years of generating a positive economic outcome in Spain.

TIMESTAMPS:
0:00 INTRO
0:45 Startup Visa offers a 5-year tax regime vs. Beckham Law's 6 years.
1:52 The Nomad Visa offers a 5-year tax regime vs. Beckham Law's 6 years.
3:05 OUTRO


--------------------------------
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--------------------------------------------------
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https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
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✉ Contact us at help@advancedamericantax.com
--------------------------------------------------
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#OffshoreTax #TaxTreatment #SpainTaxLaw #StartupVisa #NomadVisa #BeckhamLaw #EquityCompensation #TaxExemption #CarriedInterest #TaxReductions #ForeignInvestors #IRNR #TaxBenefits #VentureCapital #RemoteWorkIncentives

[ Offshore Tax ] Tax Treatment Differences Spain's Startup/Nomad Visa vs Beckham Law

Startup Law Enhancements for Equity Compensation:
The startup law significantly increased the tax exemption limit for employees who receive shares, interests, or stock options as part of their compensation. The annual exemption threshold has surged from €12,000 to an impressive €50,000. This substantial increase allows employees to receive equity compensation without immediate tax liabilities.
Furthermore, the law introduces a deferral mechanism for taxing gains from these equity awards. Under this new regulation, taxation on earnings from awarded shares, interests, or stock options is postponed until these instruments are liquidated. Liquidation can occur during an initial public offering (IPO), upon sale to a third party, or after a 10-year period. This deferral enables employees to participate in company growth without immediate tax consequences.
Addressing Carried Interest and Tax Reductions:
The Startup Law also addresses a long-standing request from employees of investment companies based in Spain. It incentivizes the taxation of carried interest, which often receives favorable tax treatment in other jurisdictions. Specifically, the law regulates carried interest as employment income and includes a 50% reduction in taxable income derived from success fees paid by venture capital firms, subject to certain conditions.
Tax Benefits for Foreigners:
The Spain Startup Law introduces a suite of tax benefits that significantly favor foreign investors and professionals, positioning Spain as an even more attractive destination for international business and remote work. These benefits are tailored to ease the tax burden and simplify processes for non-residents engaging with the Spanish economy.
Foreigners can now benefit from the IRNR regime for an extended period of up to 10 years, doubling the previous limit of 5 years. This extended duration offers a flat tax rate of 24% on income, a substantial reduction compared to progressive rates that can climb up to 50%. This flat rate represents significant tax savings for high-income earners and serves as a powerful incentive for foreign talent and investors considering Spain as their new base.
Additionally, under the Startup Law, foreigners are exempt from making fractional payments of the IRNR. They also have the option to defer this tax during their first two years of generating a positive economic outcome in Spain.

TIMESTAMPS:
0:00 INTRO
0:45 Startup Visa offers a 5-year tax regime vs. Beckham Law's 6 years.
1:52 The Nomad Visa offers a 5-year tax regime vs. Beckham Law's 6 years.
3:05 OUTRO


--------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
- Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world.

SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
https://www.youtube.com/c/TaxesforInternationalEntrepreneursandExpats?sub_confirmation=1
--------------------------------------------------
WATCH OTHER VIDEOS:
https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
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High Net Worth? We can QUOTE for doing your "US-International" tax returns.

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✉ Contact us at help@advancedamericantax.com
--------------------------------------------------
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#OffshoreTax #TaxTreatment #SpainTaxLaw #StartupVisa #NomadVisa #BeckhamLaw #EquityCompensation #TaxExemption #CarriedInterest #TaxReductions #ForeignInvestors #IRNR #TaxBenefits #VentureCapital #RemoteWorkIncentives

0 0

YouTube Video VVVRTDRWUGxzSTJKZXdnSHpyeG82SE13Ll9xX1RoT0ZUREFv

[ Offshore Tax ] Tax Treatment Differences Spain's Startup/Nomad Visa vs Beckham Law

4 hours ago

[ Offshore Tax ] Tax Tips for Wealthy Accidental Americans Moving from Singapore to the US.

The modified streamlined procedures apply only to individual taxpayers, including estates of individual taxpayers. These streamlined procedures are accessible to both U.S. individual taxpayers residing outside the United States and U.S. individual taxpayers residing within the country.
Taxpayers must certify that their conduct was not willful. Those utilizing either the Streamlined Foreign Offshore Procedures or the Streamlined Domestic Offshore Procedures will need to certify, following specific instructions, that their failure to report all income, pay all taxes, and submit all required information returns (including FBARs, previously known as FinCEN Form 114 or Form TD F 90-22.1) was due to non-willful conduct. Non-willful conduct encompasses negligence, inadvertence, or mistakes, as well as conduct resulting from a good faith misunderstanding of legal requirements.

TIMESTAMPS:
0:00 INTRO
0:50 Accidental American tax amnesty for US tax compliance
2:10 Accidental American tax amnesty for US asset reporting
5:00 OUTRO

--------------------------------
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- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
- Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world.

SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
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--------------------------------------------------
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https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
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--------------------------------------------------
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#OffshoreTax #TaxTips #AccidentalAmericans #MovingToUSA #StreamlinedProcedures #USExpats #TaxCompliance #NonWillfulConduct #FBAR #FinCENForm114 #TaxAdvice #IRSRegulations #TaxPlanning #GlobalTax #TaxExemptions

[ Offshore Tax ] Tax Tips for Wealthy Accidental Americans Moving from Singapore to the US.

The modified streamlined procedures apply only to individual taxpayers, including estates of individual taxpayers. These streamlined procedures are accessible to both U.S. individual taxpayers residing outside the United States and U.S. individual taxpayers residing within the country.
Taxpayers must certify that their conduct was not willful. Those utilizing either the Streamlined Foreign Offshore Procedures or the Streamlined Domestic Offshore Procedures will need to certify, following specific instructions, that their failure to report all income, pay all taxes, and submit all required information returns (including FBARs, previously known as FinCEN Form 114 or Form TD F 90-22.1) was due to non-willful conduct. Non-willful conduct encompasses negligence, inadvertence, or mistakes, as well as conduct resulting from a good faith misunderstanding of legal requirements.

TIMESTAMPS:
0:00 INTRO
0:50 Accidental American tax amnesty for US tax compliance
2:10 Accidental American tax amnesty for US asset reporting
5:00 OUTRO

--------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
- Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world.

SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
https://www.youtube.com/c/TaxesforInternationalEntrepreneursandExpats?sub_confirmation=1
--------------------------------------------------
WATCH OTHER VIDEOS:
https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
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High Net Worth? We can QUOTE for doing your "US-International" tax returns.

FOR MORE DETAILS, CONNECT WITH US:
✉ Contact us at help@advancedamericantax.com
--------------------------------------------------
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#OffshoreTax #TaxTips #AccidentalAmericans #MovingToUSA #StreamlinedProcedures #USExpats #TaxCompliance #NonWillfulConduct #FBAR #FinCENForm114 #TaxAdvice #IRSRegulations #TaxPlanning #GlobalTax #TaxExemptions

0 0

YouTube Video VVVRTDRWUGxzSTJKZXdnSHpyeG82SE13LjlHTTN4Z3g4YjFn

[ Offshore Tax ] Tax Tips for Wealthy Accidental Americans Moving from Singapore to the US.

July 18th

[ Offshore Tax ] Tax Advice for Wealthy Families Moving from Indonesia to Singapore

Singapore’s Income Tax Exemptions for Family Funds
Singapore offers three main income tax exemptions specifically related to family funds, which are regulated under the Income Tax Act of 1947. These exemptions aim to encourage investment and fund management within the country. These are:
Offshore Fund Exemption Scheme (Section 13D)
Under Section 13D of the Income Tax Act, an offshore fund managed by a Singapore-based fund manager can be exempt from tax on income.
To qualify as a ‘prescribed person’ under this scheme:
The fund must not be a resident in Singapore.
The fund must not be 100% owned by a Singaporean.
Onshore Fund Incentive Scheme (Section 13O)
Also known as the Onshore Fund Tax Incentive Scheme, Section 13O encourages the establishment and management of onshore funds in Singapore.
It exempts specified income (SI) derived by an “approved company” from funds managed by a Singapore-based fund manager in respect of designated investments (DI).
DI includes shares, stocks, debt securities, and other eligible assets.
Distributions of SI from the fund to investors are also exempt.
Application to the Monetary Authority of Singapore (MAS) is required, and the fund must be tax resident in Singapore.
Enhanced Tier Tax Incentive Scheme (Section 13U)
Section 13U provides tax exemptions on specific income derived from designated investments for both offshore and onshore funds.
Unlike the other schemes, there are no restrictions on the percentage of Singaporean investors in the fund.
The fund also has flexibility in choosing its jurisdiction.

TIMESTAMPS:
0:00 INTRO
0:45 Moving to Singapore from Indonesia
2:00 Specific tax incentives in Singapore
3:00 outro




--------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
- Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world.

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--------------------------------------------------
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https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
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High Net Worth? We can QUOTE for doing your "US-International" tax returns.

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✉ Contact us at help@advancedamericantax.com
--------------------------------------------------
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#OffshoreTax #TaxAdvice #WealthManagement #FamilyFunds #SingaporeTax #TaxExemptions #InvestmentPlanning #FundManagement #IncomeTax #WealthyFamilies #TaxPlanning #TaxIncentives #GlobalFinance #TaxStrategy #FinancialMigration

give me 15 relevant keywords

[ Offshore Tax ] Tax Advice for Wealthy Families Moving from Indonesia to Singapore

Singapore’s Income Tax Exemptions for Family Funds
Singapore offers three main income tax exemptions specifically related to family funds, which are regulated under the Income Tax Act of 1947. These exemptions aim to encourage investment and fund management within the country. These are:
Offshore Fund Exemption Scheme (Section 13D)
Under Section 13D of the Income Tax Act, an offshore fund managed by a Singapore-based fund manager can be exempt from tax on income.
To qualify as a ‘prescribed person’ under this scheme:
The fund must not be a resident in Singapore.
The fund must not be 100% owned by a Singaporean.
Onshore Fund Incentive Scheme (Section 13O)
Also known as the Onshore Fund Tax Incentive Scheme, Section 13O encourages the establishment and management of onshore funds in Singapore.
It exempts specified income (SI) derived by an “approved company” from funds managed by a Singapore-based fund manager in respect of designated investments (DI).
DI includes shares, stocks, debt securities, and other eligible assets.
Distributions of SI from the fund to investors are also exempt.
Application to the Monetary Authority of Singapore (MAS) is required, and the fund must be tax resident in Singapore.
Enhanced Tier Tax Incentive Scheme (Section 13U)
Section 13U provides tax exemptions on specific income derived from designated investments for both offshore and onshore funds.
Unlike the other schemes, there are no restrictions on the percentage of Singaporean investors in the fund.
The fund also has flexibility in choosing its jurisdiction.

TIMESTAMPS:
0:00 INTRO
0:45 Moving to Singapore from Indonesia
2:00 Specific tax incentives in Singapore
3:00 outro




--------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
- Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world.

SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
https://www.youtube.com/c/TaxesforInternationalEntrepreneursandExpats?sub_confirmation=1
--------------------------------------------------
WATCH OTHER VIDEOS:
https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
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SIGN UP for free webinars on US Expat Taxes and International Entrepreneur Taxes: https://htj.tax/events/
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CONTACT us for tax optimization consults over Zoom: https://www.htj.tax/contact/
High Net Worth? We can QUOTE for doing your "US-International" tax returns.

FOR MORE DETAILS, CONNECT WITH US:
✉ Contact us at help@advancedamericantax.com
--------------------------------------------------
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🌍 Check our website: https://htj.tax/
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🐦 Add us on Twitter: https://twitter.com/derren43/
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💼 Contact Derren on LinkedIn: https://www.linkedin.com/in/derren-joseph-ea-0345332

#OffshoreTax #TaxAdvice #WealthManagement #FamilyFunds #SingaporeTax #TaxExemptions #InvestmentPlanning #FundManagement #IncomeTax #WealthyFamilies #TaxPlanning #TaxIncentives #GlobalFinance #TaxStrategy #FinancialMigration

give me 15 relevant keywords

1 0

YouTube Video VVVRTDRWUGxzSTJKZXdnSHpyeG82SE13Li01RkFpNTcwdHVJ

[ Offshore Tax ] Tax Advice for Wealthy Families Moving from Indonesia to Singapore

July 17th

[ Offshore Tax ] Tax Implications for Wealthy Families Relocating from Philippines to Indonesia.

Territorial Taxation for Foreigners in Indonesia
Foreigners who become domestic tax subjects in Indonesia are subject to specific rules regarding taxation. Here are the key points:

1. Taxation Scope:
    - Foreigners are only taxed on income sourced within Indonesia.
    - This rule applies if they meet the expertise requirements outlined in Appendix II of PMK-18.
    -  
2. Expertise Requirements:
    - To qualify, their expertise must be supported by:
        - A certificate issued by a government-authorized institution.
        - A minimum of five years’ work experience in the fields of science, technology, or mathematics.
        - An obligation to transfer knowledge to an Indonesian citizen.

1. Territorial Tax Treatment Duration:
    - The territorial tax treatment is available for up to four years of residency.
    - If a foreign individual leaves Indonesia and re-enters within the four-year period, territorial taxation begins from the time they first became a domestic tax subject.

1. Application Process:
    - Foreigners seeking the territorial tax treatment must apply through the Directorate General of Taxes (DGS).
    - Those who were already domestic tax subjects before the issuance of PMK-18/2021 can also apply to the DGS for this tax treatment.

--------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
- Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world.

SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
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--------------------------------------------------
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https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
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High Net Worth? We can QUOTE for doing your "US-International" tax returns.

FOR MORE DETAILS, CONNECT WITH US:
✉ Contact us at help@advancedamericantax.com
--------------------------------------------------
FOLLOW US ON:.
🌍 Check our website: https://htj.tax/
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#IndonesiaTaxation #ForeignersInIndonesia #TerritorialTaxation #IndonesiaTaxRules #ExpatsInIndonesia #TaxationForForeigners #IndonesianTaxLaw #TaxBenefits #ExpertiseRequirements #TaxResidency

[ Offshore Tax ] Tax Implications for Wealthy Families Relocating from Philippines to Indonesia.

Territorial Taxation for Foreigners in Indonesia
Foreigners who become domestic tax subjects in Indonesia are subject to specific rules regarding taxation. Here are the key points:

1. Taxation Scope:
- Foreigners are only taxed on income sourced within Indonesia.
- This rule applies if they meet the expertise requirements outlined in Appendix II of PMK-18.
-
2. Expertise Requirements:
- To qualify, their expertise must be supported by:
- A certificate issued by a government-authorized institution.
- A minimum of five years’ work experience in the fields of science, technology, or mathematics.
- An obligation to transfer knowledge to an Indonesian citizen.

1. Territorial Tax Treatment Duration:
- The territorial tax treatment is available for up to four years of residency.
- If a foreign individual leaves Indonesia and re-enters within the four-year period, territorial taxation begins from the time they first became a domestic tax subject.

1. Application Process:
- Foreigners seeking the territorial tax treatment must apply through the Directorate General of Taxes (DGS).
- Those who were already domestic tax subjects before the issuance of PMK-18/2021 can also apply to the DGS for this tax treatment.

--------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
- Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world.

SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
https://www.youtube.com/c/TaxesforInternationalEntrepreneursandExpats?sub_confirmation=1
--------------------------------------------------
WATCH OTHER VIDEOS:
https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
Here are 4 ways we can help you:
SIGN UP for free webinars on US Expat Taxes and International Entrepreneur Taxes: https://htj.tax/events/
STREAM premium educational videos: https://htj.tax/youtube/
CONTACT us for tax optimization consults over Zoom: https://www.htj.tax/contact/
High Net Worth? We can QUOTE for doing your "US-International" tax returns.

FOR MORE DETAILS, CONNECT WITH US:
✉ Contact us at help@advancedamericantax.com
--------------------------------------------------
FOLLOW US ON:.
🌍 Check our website: https://htj.tax/
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#IndonesiaTaxation #ForeignersInIndonesia #TerritorialTaxation #IndonesiaTaxRules #ExpatsInIndonesia #TaxationForForeigners #IndonesianTaxLaw #TaxBenefits #ExpertiseRequirements #TaxResidency

0 0

YouTube Video VVVRTDRWUGxzSTJKZXdnSHpyeG82SE13LjZpU2hzbFlTV19N

[ Offshore Tax ] Tax Implications for Wealthy Families Relocating from Philippines to Indonesia.

July 16th

[Offshore Tax] Employee Savings Plans and their Tax Implications Épargne Salariale, PERCO and PERCOI

A PERCO allows employees and managers to build retirement savings through a portfolio of securities like mutual funds, under tax advantages. Employees can choose to pay part of their remuneration into the PERCO, which is then invested in collective financial vehicles managed by approved institutions. Amounts invested are blocked until retirement, except in exceptional situations like home purchase, disability, or death. The PERCO is a fiscally optimal way to receive and grow profit sharing and incentives, and can also be funded by the company.
The PERCO is set up at the company level and can be established by any private law company. The 2019 PACTE law modernized retirement savings, creating a new Collective Company Retirement Savings Plan that replaces the old PERCOs. Key changes include relaxed early release conditions, systematic capital exit, transfers between individual and collective systems, and income tax deductibility of voluntary payments.
A PERCOI is an Inter-company Collective Retirement Savings Plan set up between multiple companies or at a local/professional level. It allows simplified implementation for small businesses by joining an existing PERCOI. PERCOs differ from mandatory company PERs (PERE or PEROB), which are collective plans that can concern certain employee categories and have different unlocking conditions and taxes. Some companies have a single collective PER that can provide deductible individual payments, employee savings payments, or compulsory contributions under Article 83.
All employees must be able to join the PERCO if they wish, with a maximum 3-month seniority condition and no discrimination. Managers of companies with under 250 employees can participate under the same conditions, if the company employs at least one other employee. The collaborating spouse can also benefit when conditions are met. Former employees (except retirees) can remain members but not contribute. No employee can be forced to join or pay into a PERCO.
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[Offshore Tax] Employee Savings Plans and their Tax Implications Épargne Salariale, PERCO and PERCOI

A PERCO allows employees and managers to build retirement savings through a portfolio of securities like mutual funds, under tax advantages. Employees can choose to pay part of their remuneration into the PERCO, which is then invested in collective financial vehicles managed by approved institutions. Amounts invested are blocked until retirement, except in exceptional situations like home purchase, disability, or death. The PERCO is a fiscally optimal way to receive and grow profit sharing and incentives, and can also be funded by the company.
The PERCO is set up at the company level and can be established by any private law company. The 2019 PACTE law modernized retirement savings, creating a new Collective Company Retirement Savings Plan that replaces the old PERCOs. Key changes include relaxed early release conditions, systematic capital exit, transfers between individual and collective systems, and income tax deductibility of voluntary payments.
A PERCOI is an Inter-company Collective Retirement Savings Plan set up between multiple companies or at a local/professional level. It allows simplified implementation for small businesses by joining an existing PERCOI. PERCOs differ from mandatory company PERs (PERE or PEROB), which are collective plans that can concern certain employee categories and have different unlocking conditions and taxes. Some companies have a single collective PER that can provide deductible individual payments, employee savings payments, or compulsory contributions under Article 83.
All employees must be able to join the PERCO if they wish, with a maximum 3-month seniority condition and no discrimination. Managers of companies with under 250 employees can participate under the same conditions, if the company employs at least one other employee. The collaborating spouse can also benefit when conditions are met. Former employees (except retirees) can remain members but not contribute. No employee can be forced to join or pay into a PERCO.
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0 0

YouTube Video VVVRTDRWUGxzSTJKZXdnSHpyeG82SE13LkYyT2o1WVA2b1Jv

[Offshore Tax] Employee Savings Plans and their Tax Implications Épargne Salariale, PERCO and PERCOI

July 15th

[ Offshore Tax ] PEA (Plan d’Épargne en Actions): Tax Considerations

Understanding U.S. Tax Implications of the French Plan d’Epargne en Action (PEA)
France offers various investment options to help taxpayers save for retirement and supplement their pensions. Among these options is the Plan d’Epargne en Action (PEA). Similar to the Livret, the PEA allows investors to avoid certain taxes on income, provided they keep their investment in the PEA for a predetermined period (usually 5 years). Unlike the Livret, taxpayers can invest up to $150,000 per person (or double that for couples), potentially resulting in significant tax-exempt income.
However, complications arise when the investor is also a U.S. Person subject to U.S. tax laws. Let’s delve into the basics of U.S. taxation related to the PEA.
PEA Tax Treatment
While the PEA grows tax-free in France, it does not receive the same tax-exempt treatment in the United States.  From a baseline perspective, the U.S. taxes its citizens and residents on their worldwide income. Therefore, if a U.S. person owns a PEA, they must pay tax on the income associated with it.
PEA gets unnecessarily complicated because even if the income is not distributed, it is still taxable—unless the income is derived from foreign mutual funds and remains undistributed. In that case, it typically qualifies as a Passive Foreign Investment Company (PFIC) and is usually taxed only upon distribution. However, this may not be as advantageous as it sounds, as later taxation occurs at the highest tax rate under the PFIC regime unless an MTM (Mark-to-Market) or QEF (Qualified Electing Fund) election was made.
Reporting Requirements: FBAR, FATCA & PFIC
Since technically the PEA is a foreign financial account, it must be reported on one or more international information forms, such as the FBAR (FinCEN Form 114) and FATCA (Form 8938). The FBAR and Form 8938 are not mutually exclusive; taxpayers may need to file the PEA on both forms. If the foreign investment includes items like mutual funds, ETFs, or SICAVs, it may also trigger Passive Foreign Investment Company reporting on Form 8621.
While there are some exceptions and exclusions from reporting on Form 8621, they are limited. Additionally, the IRS does not require duplicative reporting of the same asset on both Form 8938 and Form 8621, although both forms may still be necessary if the taxpayer has multiple types of investments.
Failure to report these accounts can result in significant fines and penalties. Fortunately, the IRS offers various amnesty programs to help taxpayers achieve compliance with reduced penalties or even complete penalty waivers.

--------------------------------
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#OffshoreTax #PEA #TaxConsiderations #USTax #FrenchInvestment #RetirementSavings #TaxExemptIncome #TaxCompliance #FBAR #FATCA

[ Offshore Tax ] PEA (Plan d’Épargne en Actions): Tax Considerations

Understanding U.S. Tax Implications of the French Plan d’Epargne en Action (PEA)
France offers various investment options to help taxpayers save for retirement and supplement their pensions. Among these options is the Plan d’Epargne en Action (PEA). Similar to the Livret, the PEA allows investors to avoid certain taxes on income, provided they keep their investment in the PEA for a predetermined period (usually 5 years). Unlike the Livret, taxpayers can invest up to $150,000 per person (or double that for couples), potentially resulting in significant tax-exempt income.
However, complications arise when the investor is also a U.S. Person subject to U.S. tax laws. Let’s delve into the basics of U.S. taxation related to the PEA.
PEA Tax Treatment
While the PEA grows tax-free in France, it does not receive the same tax-exempt treatment in the United States. From a baseline perspective, the U.S. taxes its citizens and residents on their worldwide income. Therefore, if a U.S. person owns a PEA, they must pay tax on the income associated with it.
PEA gets unnecessarily complicated because even if the income is not distributed, it is still taxable—unless the income is derived from foreign mutual funds and remains undistributed. In that case, it typically qualifies as a Passive Foreign Investment Company (PFIC) and is usually taxed only upon distribution. However, this may not be as advantageous as it sounds, as later taxation occurs at the highest tax rate under the PFIC regime unless an MTM (Mark-to-Market) or QEF (Qualified Electing Fund) election was made.
Reporting Requirements: FBAR, FATCA & PFIC
Since technically the PEA is a foreign financial account, it must be reported on one or more international information forms, such as the FBAR (FinCEN Form 114) and FATCA (Form 8938). The FBAR and Form 8938 are not mutually exclusive; taxpayers may need to file the PEA on both forms. If the foreign investment includes items like mutual funds, ETFs, or SICAVs, it may also trigger Passive Foreign Investment Company reporting on Form 8621.
While there are some exceptions and exclusions from reporting on Form 8621, they are limited. Additionally, the IRS does not require duplicative reporting of the same asset on both Form 8938 and Form 8621, although both forms may still be necessary if the taxpayer has multiple types of investments.
Failure to report these accounts can result in significant fines and penalties. Fortunately, the IRS offers various amnesty programs to help taxpayers achieve compliance with reduced penalties or even complete penalty waivers.

--------------------------------
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--------------------------------------------------
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#OffshoreTax #PEA #TaxConsiderations #USTax #FrenchInvestment #RetirementSavings #TaxExemptIncome #TaxCompliance #FBAR #FATCA

0 17

YouTube Video VVVRTDRWUGxzSTJKZXdnSHpyeG82SE13Lnlwd0JZdmNYakJB

[ Offshore Tax ] PEA (Plan d’Épargne en Actions): Tax Considerations

July 14th

[ Offshore Tax ] Let’s Talk about Other Visa Options to Live in Cape Verde

If you’re planning a trip to Cape Verde, it’s important to know which visa will best suit your travel needs. Here’s a brief overview of the options for both temporary and long-term stays, including the Green Card and NHR visas.

Temporary Stay Options:

Tourist Visa: This visa permits a stay in Cape Verde for up to 30 days. You can obtain it upon arrival at the airport, provided that your passport is valid for at least six months beyond your intended stay.
 
Business Visa: Intended for short-term business trips and conferences, this visa’s validity varies based on the trip’s purpose and may be extended under certain conditions.
Long-Term Stay Options:

Remote Working Program (Digital Nomad Visa): This program is designed for remote workers and freelancers, allowing them to live and work in Cape Verde for an initial six-month period, with the option to renew for another six months. It requires proof of income, health insurance, and accommodation arrangements.
 

Residence Visa: Aimed at those wishing to reside in Cape Verde for a prolonged period, this visa involves a comprehensive application process that typically necessitates proof of financial means and a stated purpose for residing. It is advisable to consult the nearest Cape Verdean embassy or consulate for detailed requirements.
 
Green Card Visa: The Green Card visa is designed for investors who wish to contribute to Cape Verde’s economy. It offers residency rights and other benefits in exchange for a qualifying investment in the country.
 
NHR Visa (Non-Habitual Resident): The NHR program is aimed at attracting individuals who will be tax residents in Cape Verde but not taxed on their worldwide income. This visa is particularly beneficial for retirees or those with income from outside of Cape Verde.
Additional Resources:
Cape Verde Portal Consular: The official website provides visa information in English and Portuguese.
 
Remote Working Program: Official government information may be limited. It may be helpful to look for news articles or consult agencies that specialize in digital nomad visas.
By familiarizing yourself with the various visa options and their respective requirements, you can identify the most appropriate route for your stay in Cape Verde.

TIMESTAMPS:
0:00 INTRO
1:15 Cape Verde as democracy open to the world
2:40 Nomad visa inCape Verde
4:10 Other Visa Options to Live in Cape Verde
6:35 OUTRO


--------------------------------
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--------------------------------------------------
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#OffshoreTax #CapeVerdeVisa #CapeVerdeTravel #TouristVisa #BusinessVisa #DigitalNomadVisa #RemoteWork #ResidenceVisa #GreenCardVisa #NHRVisa #LivingInCapeVerde #CapeVerdeResidency #VisaOptions #TravelCapeVerde #CapeVerdeExpats

[ Offshore Tax ] Let’s Talk about Other Visa Options to Live in Cape Verde

If you’re planning a trip to Cape Verde, it’s important to know which visa will best suit your travel needs. Here’s a brief overview of the options for both temporary and long-term stays, including the Green Card and NHR visas.

Temporary Stay Options:

Tourist Visa: This visa permits a stay in Cape Verde for up to 30 days. You can obtain it upon arrival at the airport, provided that your passport is valid for at least six months beyond your intended stay.

Business Visa: Intended for short-term business trips and conferences, this visa’s validity varies based on the trip’s purpose and may be extended under certain conditions.
Long-Term Stay Options:

Remote Working Program (Digital Nomad Visa): This program is designed for remote workers and freelancers, allowing them to live and work in Cape Verde for an initial six-month period, with the option to renew for another six months. It requires proof of income, health insurance, and accommodation arrangements.


Residence Visa: Aimed at those wishing to reside in Cape Verde for a prolonged period, this visa involves a comprehensive application process that typically necessitates proof of financial means and a stated purpose for residing. It is advisable to consult the nearest Cape Verdean embassy or consulate for detailed requirements.

Green Card Visa: The Green Card visa is designed for investors who wish to contribute to Cape Verde’s economy. It offers residency rights and other benefits in exchange for a qualifying investment in the country.

NHR Visa (Non-Habitual Resident): The NHR program is aimed at attracting individuals who will be tax residents in Cape Verde but not taxed on their worldwide income. This visa is particularly beneficial for retirees or those with income from outside of Cape Verde.
Additional Resources:
Cape Verde Portal Consular: The official website provides visa information in English and Portuguese.

Remote Working Program: Official government information may be limited. It may be helpful to look for news articles or consult agencies that specialize in digital nomad visas.
By familiarizing yourself with the various visa options and their respective requirements, you can identify the most appropriate route for your stay in Cape Verde.

TIMESTAMPS:
0:00 INTRO
1:15 Cape Verde as democracy open to the world
2:40 Nomad visa inCape Verde
4:10 Other Visa Options to Live in Cape Verde
6:35 OUTRO


--------------------------------
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--------------------------------------------------
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https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
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#OffshoreTax #CapeVerdeVisa #CapeVerdeTravel #TouristVisa #BusinessVisa #DigitalNomadVisa #RemoteWork #ResidenceVisa #GreenCardVisa #NHRVisa #LivingInCapeVerde #CapeVerdeResidency #VisaOptions #TravelCapeVerde #CapeVerdeExpats

3 17

YouTube Video VVVRTDRWUGxzSTJKZXdnSHpyeG82SE13Lm9mc0hjd01OSDZJ

[ Offshore Tax ] Let’s Talk about Other Visa Options to Live in Cape Verde

July 13th

[ Offshore Tax ] Let’s explore the Tax Treatment of Assurance Vie

Assurance Vie in France and U.S. Tax & Reporting
The IRS tax treatment of an assurance vie for U.S. persons is complex. Similar to the SICAV or UK investment ISA, the assurance vie has several tax-deferred components. However, these components do not receive tax-deferred status under U.S. tax law. Outside of the United States, the assurance vie—sometimes referred to as a Unit-Linked Insurance Policy—is a common type of hybrid life insurance policy/unit-linked investment vehicle.
With an assurance vie, life insurance acts as a wrapper for various types of investments. It is frequently held by French/U.S. dual-citizens or residents. The primary benefit of the assurance vie is that income grows tax-free within the wrapper. While France is the primary country offering this investment, it may also be available in other countries.
How Does an Assurance Vie Work?
The assurance vie accumulates investment income and grows tax-free. Therefore, income earned on the assets within the assurance vie is not taxed until distribution.
Sidestep French Estate Laws
French estate laws are generally complex and strict. One significant benefit of the assurance vie is that it allows the owner to control beneficiary distributions. With an assurance vie, the owner can select beneficiaries for distributions.
U.S. Tax Implications of Assurance Vie
For U.S. persons with a French assurance vie, the major challenge lies in U.S. tax ramifications. Unlike in France, the assurance vie does not receive the same tax-deferred treatment in the U.S. As a result, growth within the assurance vie is taxable as it accumulates.
The key issue for U.S. tax treatment of an assurance vie is determining when the income becomes taxable. This answer hinges on whether the assurance vie qualifies as a PFIC (Passive Foreign Investment Company). If it is a PFIC, tax may be deferred until distribution, potentially resulting in an excess distribution PFIC tax. If the assurance vie is not a PFIC, growth is taxable annually as income accrues.
Reporting Requirements:
FBAR: Whether the assurance vie most closely resembles a life insurance policy or an investment account, it is reportable on the FBAR.
FATCA: An assurance vie is also reportable on FATCA Form 8938.
PFIC: Analyzing the assurance vie under PFIC rules is complicated. If it satisfies the elements of a PFIC, reporting is required on Form 8621, and the tax becomes subject to PFIC excess distribution calculation rules.

TIMESTAMPS:
0:00 INTRO
1:30 Two different tax system
3:00 Withdrawing Assurance Vie
4:30 Reducing taxation of inheritance
5:00 US tax components
7:10 most regulated taxation in the world
9:10 outro


--------------------------------
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--------------------------------------------------
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https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
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High Net Worth? We can QUOTE for doing your "US-International" tax returns.

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✉ Contact us at help@advancedamericantax.com
--------------------------------------------------
FOLLOW US ON:.
🌍 Check our website: https://htj.tax/
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#OffshoreTax #AssuranceVie #USTax #TaxTreatment #TaxDeferred #FrenchTax #DualCitizenship #UnitLinkedPolicy #IRS #PFIC #FBAR #FATCA #EstatePlanning #InvestmentTax #TaxReporting

[ Offshore Tax ] Let’s explore the Tax Treatment of Assurance Vie

Assurance Vie in France and U.S. Tax & Reporting
The IRS tax treatment of an assurance vie for U.S. persons is complex. Similar to the SICAV or UK investment ISA, the assurance vie has several tax-deferred components. However, these components do not receive tax-deferred status under U.S. tax law. Outside of the United States, the assurance vie—sometimes referred to as a Unit-Linked Insurance Policy—is a common type of hybrid life insurance policy/unit-linked investment vehicle.
With an assurance vie, life insurance acts as a wrapper for various types of investments. It is frequently held by French/U.S. dual-citizens or residents. The primary benefit of the assurance vie is that income grows tax-free within the wrapper. While France is the primary country offering this investment, it may also be available in other countries.
How Does an Assurance Vie Work?
The assurance vie accumulates investment income and grows tax-free. Therefore, income earned on the assets within the assurance vie is not taxed until distribution.
Sidestep French Estate Laws
French estate laws are generally complex and strict. One significant benefit of the assurance vie is that it allows the owner to control beneficiary distributions. With an assurance vie, the owner can select beneficiaries for distributions.
U.S. Tax Implications of Assurance Vie
For U.S. persons with a French assurance vie, the major challenge lies in U.S. tax ramifications. Unlike in France, the assurance vie does not receive the same tax-deferred treatment in the U.S. As a result, growth within the assurance vie is taxable as it accumulates.
The key issue for U.S. tax treatment of an assurance vie is determining when the income becomes taxable. This answer hinges on whether the assurance vie qualifies as a PFIC (Passive Foreign Investment Company). If it is a PFIC, tax may be deferred until distribution, potentially resulting in an excess distribution PFIC tax. If the assurance vie is not a PFIC, growth is taxable annually as income accrues.
Reporting Requirements:
FBAR: Whether the assurance vie most closely resembles a life insurance policy or an investment account, it is reportable on the FBAR.
FATCA: An assurance vie is also reportable on FATCA Form 8938.
PFIC: Analyzing the assurance vie under PFIC rules is complicated. If it satisfies the elements of a PFIC, reporting is required on Form 8621, and the tax becomes subject to PFIC excess distribution calculation rules.

TIMESTAMPS:
0:00 INTRO
1:30 Two different tax system
3:00 Withdrawing Assurance Vie
4:30 Reducing taxation of inheritance
5:00 US tax components
7:10 most regulated taxation in the world
9:10 outro


--------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
- Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world.

SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
https://www.youtube.com/c/TaxesforInternationalEntrepreneursandExpats?sub_confirmation=1
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#OffshoreTax #AssuranceVie #USTax #TaxTreatment #TaxDeferred #FrenchTax #DualCitizenship #UnitLinkedPolicy #IRS #PFIC #FBAR #FATCA #EstatePlanning #InvestmentTax #TaxReporting

9 17

YouTube Video VVVRTDRWUGxzSTJKZXdnSHpyeG82SE13Lnc0cjdoRDhoSHAw

[ Offshore Tax ] Let’s explore the Tax Treatment of Assurance Vie

July 12th

[ Offshore Tax ] What about the Infrastructure in Cape Verde?

The infrastructure in Cape Verde differs based on the island and its location. Here’s An overview of its infrastructure services.:
Transportation: The road network in Cape Verde is fairly developed, with about 70% of the roads paved. The quality of roads, however, can differ, and some regions may have limited road access.
Energy: About 70% of the population has access to grid-based electricity, indicating relatively high electricity access rates. Nonetheless, power outages can be an issue in certain areas. The government is making investments in renewable energy sources like solar and wind power to lessen the reliance on fossil fuels.
Water: Access to clean water can pose a challenge, particularly on some of the smaller islands. To supplement natural freshwater sources, water desalination plants are being utilized.
Telecommunication: Cape Verde boasts a robust mobile network infrastructure, with most major providers offering 3G and 4G coverage. Internet access is widely available, but the speed can fluctuate depending on the location.
In recent years, Cape Verde’s infrastructure has seen considerable enhancements. However, challenges remain, especially in terms of access to clean water and reliable electricity. The government is investing in infrastructure development, promising a future of continued improvements.


TIMESTAMPS:
0:00 INTRO
1:00 Infrastructure in Cape Verde
1:50 Internet connection speeds in Cape Verde
3:33 Mauritius versus Cape Verde verde Madeira island
4:00 Number of tourists in Cape Verde had last year
5:18 outro



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✉ Contact us at help@advancedamericantax.com
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🌍 Check our website: https://htj.tax/
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ChatGPT
#OffshoreTax #CapeVerdeInfrastructure #CapeVerdeTransport #CapeVerdeRoads #CapeVerdeEnergy #RenewableEnergy #CapeVerdeElectricity #WaterDesalination #CleanWaterAccess #CapeVerdeTelecom #MobileNetwork #InternetAccess #InfrastructureDevelopment #CapeVerdeInvestment #SustainableDevelopment

[ Offshore Tax ] What about the Infrastructure in Cape Verde?

The infrastructure in Cape Verde differs based on the island and its location. Here’s An overview of its infrastructure services.:
Transportation: The road network in Cape Verde is fairly developed, with about 70% of the roads paved. The quality of roads, however, can differ, and some regions may have limited road access.
Energy: About 70% of the population has access to grid-based electricity, indicating relatively high electricity access rates. Nonetheless, power outages can be an issue in certain areas. The government is making investments in renewable energy sources like solar and wind power to lessen the reliance on fossil fuels.
Water: Access to clean water can pose a challenge, particularly on some of the smaller islands. To supplement natural freshwater sources, water desalination plants are being utilized.
Telecommunication: Cape Verde boasts a robust mobile network infrastructure, with most major providers offering 3G and 4G coverage. Internet access is widely available, but the speed can fluctuate depending on the location.
In recent years, Cape Verde’s infrastructure has seen considerable enhancements. However, challenges remain, especially in terms of access to clean water and reliable electricity. The government is investing in infrastructure development, promising a future of continued improvements.


TIMESTAMPS:
0:00 INTRO
1:00 Infrastructure in Cape Verde
1:50 Internet connection speeds in Cape Verde
3:33 Mauritius versus Cape Verde verde Madeira island
4:00 Number of tourists in Cape Verde had last year
5:18 outro



--------------------------------
OUR CHANNEL OFFERS:
- Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth.
- Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world.

SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION:
https://www.youtube.com/c/TaxesforInternationalEntrepreneursandExpats?sub_confirmation=1
--------------------------------------------------
WATCH OTHER VIDEOS:
https://youtu.be/aec2se0x_cs
https://youtu.be/yKIQ78azSA8
https://youtu.be/pBvgddn4VQ4
--------------------------------------------------
Here are 4 ways we can help you:
SIGN UP for free webinars on US Expat Taxes and International Entrepreneur Taxes: https://htj.tax/events/
STREAM premium educational videos: https://htj.tax/youtube/
CONTACT us for tax optimization consults over Zoom: https://www.htj.tax/contact/
High Net Worth? We can QUOTE for doing your "US-International" tax returns.

FOR MORE DETAILS, CONNECT WITH US:
✉ Contact us at help@advancedamericantax.com
--------------------------------------------------
FOLLOW US ON:.
🌍 Check our website: https://htj.tax/
🎙️ Listen to our podcast: https://podcast.htj.tax/
📸 Add us on Instagram: https://www.instagram.com/htj.tax/
🐦 Add us on Twitter: https://twitter.com/derren43/
📕 Add us on Facebook: https://www.facebook.com/htj.tax
💼 Contact Derren on LinkedIn: https://www.linkedin.com/in/derren-joseph-ea-0345332


ChatGPT
#OffshoreTax #CapeVerdeInfrastructure #CapeVerdeTransport #CapeVerdeRoads #CapeVerdeEnergy #RenewableEnergy #CapeVerdeElectricity #WaterDesalination #CleanWaterAccess #CapeVerdeTelecom #MobileNetwork #InternetAccess #InfrastructureDevelopment #CapeVerdeInvestment #SustainableDevelopment

0 0

YouTube Video VVVRTDRWUGxzSTJKZXdnSHpyeG82SE13LnE2LXczc0FlcktZ

[ Offshore Tax ] What about the Infrastructure in Cape Verde?

July 11th