Living Annuity rules: A living annuity can only accept proceeds from a retirement fund or another living annuity. … Every year you must draw a pension from your investment. This so-called draw-down must be at least 2.5% but no more than 17.5% of the annual value of the residual capital at the policy anniversary date.
Key person insurance, also called keyman insurance, is an important form of business insurance. There is no legal definition of “key person insurance”.
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The citizenship by investment and the residency by investment programs of Cyprus just became more advantageous because Cyprus intends to join finally to the European Schengen zone.