Even though the financial regulators of **bermuda** had extensive plans regarding the **tax reform**, a lot has changed since then. Previously, we informed our readers about the implementation of a general service tax, however, it is dismissed from now on. The 2018\19 pre-budget report declares **tax amnesty** in controversy to the old plans. This amnesty will consist of a cancellation of la...

...ecisions on the matters of **cryptocurrency business**. We have already informed you about the countries whose reception of blockchain is mostly positive and the new legal initiatives are giving business space to work. However, it is not about **bermuda**. Currently, this territory is not against cryptocurrencies, but the bermuda Monetary Authority has already expressed its position about cryp...

... is not a big secret that the UK admires its Queen - a lot. Considering this, **Paradise Papers** become real shock for the British citizens. The Duchy of Lancaster, one of the Queen’s income providers, has been revealed as the Cayman Islands and bermuda investor. Investment amount is about £10 million, which is equal to $13.1 million. It is important to understand that this investment mean...

..., moving your business offshore allows you to lower tax burden. Try to compare taxation level in the UK or the USA and in offshore territories - where property, capital gains, dividend and other taxes are very low. Furthermore, Bahamas, Isle of Man, bermuda, Bahrain and the Cayman Islands don’t have any corporation taxes at all. In contract, the corporate tax in countries with advanced economies...