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…
Early this year around April 2022, the UK suspended a number of investment visas for foreign nationals finding a route to live and work in the UK. Those programmes have been replaced with alternatives visa programmes, including the Global Mobility…
It is a legal requirement to have at least one Company Director when setting up a Hong Kong Company. Company Directors can be of any nationality resident anywhere in the world. One of the conditions, however, is the age, that…
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,…
The British Virgin Islands Government legislated the Virgin Islands Trust Act 2003 in March 2004 . It was intended to innovate trusts in the form of holding shares in a BVI-incorporated company and then disengaging the trustees from their duties.…
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…
People use offshore bank accounts for a variety of reasons, including but not limited to, diversifying investment portfolios, hedging against currency fluctuations, living and working in a foreign country, etc... The best countries to open a private bank account for…