HONG KONG: Croatia, Hong Kong agree to avoid double taxation

Croatia and Hong Kong signed an agreement to avoid double taxation of income and property, and prevent tax evasion in a bid to boost bilateral trade of goods and services, the Croatian finance ministry said.

The deal was signed during a visit by Croatian finance minister Marko Primorac to Hong Kong, the finance ministry said in a press release on Friday.

Croatia’s exports of goods to Hong Kong rose 44% on the year to 12.50 million euro ($13.5 million) in the first 10 months of 2023, the Croatian statistical office said earlier this month. Croatia imported 2.2 million euro worth of goods from Hong Kong in the review period, down from 4.6 million euro in the same period of 2022.

11 March 2024

GIBRALTAR: Gibraltar launches financial services license for blockchain

Gibraltar’s financial services watchdog will introduce the world’s first bespoke license for “fintech” firms using blockchain distributed ledger technology from next month in

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6 December 2024

CITIZENSHIP: “Golden Visa” Industry Seen Surging To $100 Billion In 2025 – Report

For all the criticisms and restrictions that are sometimes directed at these schemes, the authors of a new report reckon that the market for citizenship and residency could reach $100 billion in 2025.

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9 February 2024

AFRICA: Kenyan Banks Disclose Foreign Account Holders’ Information to KRA in Bid for Tax Transparency

In a move towards fiscal transparency, Kenyan banks disclose foreign account holders’ information to the KRA under the Common Reporting Standards (CRS). The initiative aims to curb illicit wealth

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14 August 2024

CITIZENSHIP: Increasing Numbers of Wealthy Individuals Migrating to Take Advantage of Tax Incentives

A record 128,000 individuals with a net worth exceeding €1 million are projected to relocate this year, surpassing last year’s high of 120,000, as reported by UK-based consultancy Henley & Partners.

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