The revision is based on the Inland Revenue (Amendment) (Taxation on Specified Foreign-sourced Income) Bill 2022. The latest international tax standards require a taxpayer benefitting from a preferential tax treatment in a jurisdiction to have substantial economic presence in the…
The latest BVI Business Companies (Amendment)Act 2022 will come into effect from 01/01/2023 and was seeking to address existing issues in company dissolution, bear share abolition and statutory keeping measures. All in all, the measures proposed were intended to simplify…
Notice of Office Relocation Dear Valued Clients and Partners, We are pleased to announce that we will be moving into a new office effective from 01/09/2022 for our senior management team in London. The details of the new office address…
The most popular incorporation for foreign investors setting up a presence in Luxembourg is to incorporate a private limited liability company, also known as Société à responsabilité limitée or S.à r.l. The minimum paid-up capital amount for the incorporation is at…
What is a Holding Company? A holding company is also known as a parent company whose primary business is holding a controlling interest in the securities of a subsidiary company or companies. A holding company doesn’t typically produce goods, services,…
TAXATION (COMPANIES – ECONOMIC SUBSTANCE) (JERSEY) LAW 2019 is the guidance in relation to companies operating out of Jersey. It sets out the legal requirements for Jersey companies being considered within the scope of the Law in terms of declaring…
The HKSAR Government on the 14th of January 2021 announced business support measures to businesses in Hong Kong in the form of grants totaling HKD 3.57 billion. The latest government supports comes on the back of the new Omicros variant…
We understand the importance of speaking with our team at any time, including in this festive season. Rest assured that we will have staff on duty who can assist you with any business requirements. The opening times at our major…
A global tax deal has been reached by major economic powers, with a minimum tax rate of 15% penciled in for implementation, as announced by the OECD on 08/10/2021. Here are the key takeaways of the global tax deal: 1.…
Financial Secretary Paul Chan of Hong Kong announced measures worth more than 120 billion Hong Kong dollars ($15.5 billion) for the latest fiscal year in a bid to stimulate the economy in the face of Covid disruptions. The Financial Secretary…