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Banks against US companies

Formerly, U.S. companies of LLC type were a convenient tool of international tax planning. The key advantage of LLCs was cheapness of registration, as well as little reporting formalities. Most companies that were actively trading in CSI countries

Is it necessary to visit the bank to start an account?

Majority of banks open the accounts for clients during a personal meeting. However, to start a corporate account for an offshore company, clients usually choose banks that are comfortable with servicing customers remotely. Such banks tend to have a

Crimean Free Industrial zone

Talks about Crimea as almost a new offshore appeared just after the events that had put its territorial status under question mark. Yet only in December 2014 Russia clarified its plans regarding the new region. In the very end of October 2014,


The term "deoffshorisation" has begun appearing in media since the end of 2012, when president of Russia Vladimir Putin called for more measures against outflow of capital abroad. Talks about potential anti-offshore laws hanged in the air, but
The changes in Russian tax legislation introduced in November 2014 target collecting taxed from foreign companies that are controlled by Russian residents, or so-called Controlled Foreign Companies (CFC). All the CFCs will be subject to taxation,

Tax regime in Latvia

Significant changes were made to Latvian law On Income Tax from Enterprises. Effective from 2013, Latvia introduced certain tax relief, which were aimed at stimulating inflow of capital, particularly from CIS countries. Here are the most important

Poti Free Industrial Zone

Poti Free Industrial Zone (FIZ) - is the first free trade area in the Caucasian region. It was established in 2008 on the territory of Poti (ancient Georgian town) harbor. There is a golden fleece on the flag of the town, as, according to a legend,

Banking secrecy and big politics: Lithuanian way

In August 2011, a Belarusian opposition activist Ales Belyatskii was arrested and charged with hiding income from tax authorities. Information obtained from Lithuanian and Polish banks became the basis for the arrest. This information on the
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