Articles

The British Virgin Islands has established itself as an agile, innovative and robust international finance centre, able to accommodate regulatory changes and rebound from economic challenges, natural disasters and global pandemics.

Planning for the future helps people provide certainty for their families, their businesses and their unique assets.

A BVI VISTA Trust has the unique advantage of eliminating conflicts between trustees and the directors of underlying companies.

Portugal is a strategic location for companies wanting to establish a presence in Europe and for investors looking for a favourable business climate.

Having worked hard to build a business and accumulate assets it is only natural to want to protect them.

The Trust Registration Service (TRS) is a register of the beneficial ownership of trusts. It was established in 2017 as part of the UK's implementation of the Fourth Money Laundering Directive which introduced the requirement for certain trusts with a UK tax liability to register on the TRS and provide specific information to HMRC.

The cost-of-living crisis is leading to further dependence on the Bank of Mum and Dad, following an extended period of support during the pandemic.

Trusts can provide a flexible solution for an extensive range of wealth planning, family or business needs.

The British Virgin Islands (BVI) is a British overseas territory located in the Eastern Caribbean with a reputation as an international business and finance centre and a world leader in incorporations.

ILS World works with many international clients who choose to use foundations for wealth planning and philanthropy.

Choosing where to base your business is an important decision no longer based simply on where you pay the least amount of tax.

To meet the real estate requirements of Portugal's Golden Visa there are several options to consider.

Nearly two-thirds of parents have helped their children with a deposit for a new home, contributing an average of £32,440.

Yet another acronym within the blockchain space, but what is a non-fungible token? In simple terms it is a one-off code representing a digital item that is stored on a blockchain. For example, a Bitcoin is not an NFT as it is fungible, meaning if you sell one Bitcoin you can replace it with another and still have a Bitcoin.

On average only 53 per cent of parents are planning to split their wealth evenly among their children when they die.

The ILS World eGaming and digital team has seen an increase in the demand for the Isle of Man's Software Supplier Licence which we anticipate will continue in 2022 as the jurisdiction pulls ahead from its main competitors, Malta and Curacao.

Portugal continues to be a magnet for relocation because of its climate, scenery, fine food, culture and straightforward immigration regime.

2021 has been a milestone year for ILS World as it celebrated its 30th anniversary and as we approach the end of the year our Private Client team has taken a moment to reflect on the trends in the past 12 months.

The low-cost and high-standard of living in Portugal is one of the reasons why the Golden Visa scheme has been the most popular of the investment migration programmes.

Paulo is the MD of our Portugal office and has been assisting international families and businesses for more than 25 years. In particular he helps with holding structures for companies and properties as well as immigration.

The Isle of Man has been a magnet for the eGaming sector creating a thriving hub of influential operators and support services.

Hong Kong is a magnet for trading and investment companies - more than 1.3 million are registered there, with approximately one third used in cross-border transactions.

The Isle of Man has established itself as a leading jurisdiction for the location, regulation and administration of eGaming companies.

Lilian has led the ILS World team in Hong Kong for more than 10 years. Here she takes part in a Q&A and talks about the natural beauty of Hong Kong, clients who demand results and the career opportunities for young people in the Greater Bay Area.

Individuals and families who have successfully relocated to the Isle of Man have been attracted by the safety, stability, the strong sense of community and the high standard of living offered in a beautiful Island setting.

Individuals and families who have moved to the Isle of Man from all over the world have been attracted by the Island's stimulating and unique culture.

The Isle of Man wants to increase its economically active population and to assist this operates an attractive visa system to appeal to entrepreneurs.

Those thinking of relocating to the Isle of Man will be reassured to know there is a very high quality, comprehensive health service which is operated on an NHS style basis and free at the point of contact.

The Isle of Man would make a perfect home for anyone who enjoys beautiful countryside, dramatic seascapes, unspoiled views, nature and wildlife.

Hong Kong is a leading international finance centre and trading hub with all the specialist professional services in place to support it.

A purpose trust does not have any beneficiaries, exists for a specific purpose and is commonly used in conjunction with asset financing transactions, securitisations or to hold the shares of a private trust company.

The Isle of Man Innovator visa is aimed at individuals who have commercial experience and want to set up or run a business on the Island. Unlike the UK's program the applicant does not need to be the sole founder of the business and may be a member of an entrepreneurial team.

This profile of our Chairman first appeared in the Private Client Dining Club magazine.

The most popular structure for doing business in China is the Wholly Foreign Owned Enterprise (WFOE), which is a company established in China according to Chinese law and wholly owned by one or more foreign investors.

A new database has been introduced in Portugal to hold information about the people who own or have effective control over companies and other legal entities.

In order to fight tax fraud, evasion and avoidance, the EU is working to improve tax good governance on a global level.

As part of our series of articles about doing business in Portugal this briefing note covers the incorporation procedures in Portugal.

As part of our series of articles about doing business in Portugal this briefing note covers what types of business entities are options in Portugal.

The purpose of the Requirement to Correct (RTC) legislation is to compel those with undeclared offshore tax liabilities to disclose them to Her Majesty's Revenue and Customs on or before 30 September 2018.

ILS World is pleased to announce ILS Fiduciaries (Hong Kong) Limited is formally licensed as a Trust or Company Service Provider (TCSP) under Hong Kong's new licensing regime.

A new licensing regime for trust and company service providers will come into force on March 1 2018 under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.

A new regime requiring Hong Kong companies to obtain and maintain up-to-date beneficial ownership information by keeping a Significant Controllers Register comes into force on March 1 2018.

ILS World works with international clients to successfully use Isle of Man foundations for wealth planning and philanthropy.