Montenegro, Finance

This post was meant to be about Montenegro, a country who only recently gained its independence and that is fast becoming a hot spot for the wealthy. I decided to write about Montenegro because of its advantages of being far larger than Monaco, having far cheaper house prices and benefiting from hot summer climes to even a ski resort in the winter. After some reading I had also been lead to believe it was a tax haven and potentially the new Monaco.

However writers who had under researched, failed to understand that in 2010 and 2011 new tax laws were passed increasing taxes payable in Montenegro. One of Monaco's biggest advantages other than the weather and scenery is its 0% income tax and 0% capital gains tax. However after looking a little further Monaco has other taxes that are high. Despite this if you sell your business for millions and are looking to retire in the sun, 0% capitol gains tax as opposed to 28% in the UK is attractive. For example if you have £10million pounds, George #toryslittleritchboy Osborne and the tax man will relieve you of £2.8million entirely at their pleasure. These discovery's made me decide to establish exactly which country you're best to move to if you don't want the tax man getting his grubby little fingers on your ill gotten gains.

This however proved to be too difficult. Forbes have a list of their top ten, http://www.forbes.com/2010/07/06/tax-havens-delaware-bermuda-markets-singapore-belgium.html but I think you really need a degree in economics or a financial adviser to find the country best for you. It also depends if you are running a business or if it's for personal wealth. This left me with the new challenge of rescuing the blog post before it became entirely boring, unfortunately I have to finish writing as I have a meeting with Patrick Bateman my financial agent. I'm looking to move my Tesco shares to an offshore account in the Cayman islands. All 120 of them.

-Alex