The Middle East has flourished into a major business and technology hub over the past few years, enabled by a wave of new regulatory initiatives and competitive incentives for international businesses and workers. This is especially true of Dubai and other countries within the United Arab Emirates (UAE), as their government has actively encouraged and…
Visitors to the United States who are injured while in the United States face unique legal, geographical, cultural and other obstacles to secure justice and compensation. This is even more so when the injured German tourist or business traveler’s primary language is not English. Native German speakers, including those of German, Austrian or Swiss origin,…
1. General Overview of German inheritance law German inheritance law is characterized by several principles, one of the most important ones being the principle of universal succession, as stipulated in paragraph 1922 German Civil Code. Universal succession means that all assets of the decedent automatically pass on to his heirs immediately after the decedent’s death…
Car accidents and injuries happen while traveling, and car Insurance for tourists may help to protect the parties involved in an accident or other event resulting in personal injury or death. If you are injured in Florida – or elsewhere in the United States you should be aware that many different types of insurance may…
Thoughts on Liability and Estate Planning Many of our clients have to consider their ownership of property in the US through either direct or indirect ownership, which distinguishes between individual owners and those who have rights through collective investment funds such as stocks or Private Placements. Liability: Estate Planning: Both individual direct property owners and…
All countries have unique tax laws and rules. If an individual has income or capital gains from one country and resides in another country, that individual may be responsible for paying taxes in both countries pursuant to the respective tax laws. In order to alleviate the burden of “double taxation” on individuals who may be affected,…
German companies which want to expand into the U.S. have the choice of operating their distribution center as a subsidiary or branch. U.S. subsidiary:The federal corporate income tax a U.S. subsidiary would have to pay ranges between fifteen to thirty-five percent depending on the amount of profit. The U.S. subsidiary can deduct payments to the…
Last Wills and Testaments have different applications in the United States and in Germany. Whenever an estate consists of assets both in the USA and in Germany, there are several issues that need to be taken into consideration in order to avoid complications. Especially in terms of inheritance law, the legal provisions in these both…
The United States of America has Double Taxation Agreements with a number of foreign countries. Such treaties exist with many European countries, namely Austria, Belgium, Bulgaria, Czech Republic, Cyprus, Denmark, Estonia, Finland, France, Greece, Hungary, Iceland, Republic of Ireland, Italy, Latvia, Luxemburg, Moldova, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Switzerland , Ukraine and…