There is only one single taxation system for sole proprietorships and LLCs in Turkey. This system obliges entrepreneurs to pay value added tax (VAT) and income tax respectively.
The VAT rate varies from 0% to 18%, in increments of 0/1/10/18. As for the profit tax, it is 20%. Businesses registered in a free economic zone may be exempted from paying profit tax.
Portugal has approved a major citizenship law reform, significantly tightening the rules. Key changes include increased residency requirements (up to 10 years), mandatory language and culture tests, and stricter rules for children born to foreign parents.
Selling real estate abroad can result in the loss of your residence permit. Find out which countries allow you to maintain your status and how to avoid the risks.
A new draft law in Romania proposes a Residency by Investment program, granting non-EU citizens a renewable 5-year residence permit. The program requires a €400,000 minimum investment in bonds, real estate, funds, or shares.
