THE ADVANTAGES OF VISTA TRUSTS IN THE BVI CAN BE ENORMOUS. 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…
The economic substance requirement for Jersey 2023 onwards 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…
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…
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…
The question for how to apply for a TCSP license in Hong Kong can be tough , especially if you are not familiar with the legal and regulatory environment in the city. A TCSP is a type of license issued…
A non-resident offshore bank account allows you to manage your money easier amongst different jurisdictions. A non-resident offshore bank account is a personal/business bank account you open in a country where you are not normally resident. ( living in for…
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…
This is the question we often get asked about by our clients. It is very possible to set up a company, either offshore or onshore, regardless of your nationality, employment, income, etc... Being resident in your home country and operating…