Articles

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.

Would you like to live in a place that is beautiful, inspiring and safe? The Isle of Man has a history of attracting families with its straight forward visa regime, a high standard of living, low crime rates, open spaces and its own, unique heritage and culture.

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.

Tendo trabalhado arduamente para construir um negócio e acumulado bens, é natural que os queiramos proteger.

The Dubai International Financial Centre is working in conjunction with Ras Al Khaimah International Corporate Centre to provide a wills registration service to non-muslins.

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.

The Ras Al Khaimah International Corporate Centre (RAK ICC) has launched its own foundation regime providing families with an additional vehicle to consider for holding their wealth, protecting their assets and succession planning.

Amid widespread travel restrictions many company boards are holding meetings using remote forms of communication.

As many people use this unprecedented amount of time at home to reflect on estate and succession planning we look at one of the successful tools used to help achieve personal goals.

This profile of our Chief Executive Officer first appeared in the Private Client Dining Club magazine.

The ILS World briefing note suggesting a productive use of our time during the Covid-19 lock down could be to reflect on estate planning issues generated considerable feedback. Here we turn our thoughts to succession planning.

As we adjust to the enormous disruptions and challenges Covid-19 has brought about it also gives us an opportunity to pause and reflect on many aspects of our lives.

The non-habitual tax resident (NHR) is a regime created to enhance Portugal's international competitiveness. It is aimed at non-resident individuals who are likely to establish a permanent or a temporary residence in Portugal.

The legislation applies to all British Virgin Islands companies and limited partnerships with legal personality resident in the BVI for tax purposes and which have gross income from a relevant sector.

For Isle of Man companies legislation applies to all companies resident in the Island for tax purposes and which have gross income from a relevant sector in any accounting period commencing on or after January 1 2019.

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.

With traditional offshore jurisdictions coming under pressure from competitor, regulatory and reputational pressures, clients are seeking credible alternatives.

With traditional offshore jurisdictions coming under pressure from competitor, regulatory and reputational pressures, clients are seeking credible alternatives.

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.

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

The Chief Executive of the Hong Kong Special Administrative Region Government, Mrs Carrie Lam, has delivered her second Policy Address at the Legislative Council and said Hong Kong must pursue a diversified economy to enhance its capability to withstand external shocks.

A significant overhaul of the financial services sector in Mauritius aims to increase transparency and update tax policies.

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.

The British Virgin Islands company registrar is preparing to strike off companies which have failed to file details of its directors.

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.

Hong Kong is one of the world's most reliable and efficient financial centres, with no exchange control, a sound legal system and efficient transport and communication networks.

The film, television, radio and music industries can be as complicated as they are entertaining. Their international nature can present inherent challenges when tax planning.

A new licensing regime for trust and company service providers came 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.

BVI VISTA Trusts have the unique advantage of eliminating conflicts between trustees and the directors of underlying companies.

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

The UAE and Saudi Arabia will be the first countries in the Gulf Co-operation Council to introduce Value Added Tax from 1 January 2018.

The Golden Visa programme, launched by the Portuguese Government, is a fast track for investors to obtain a valid residency permit in Portugal and consequently free access to the vast majority of European countries.

Dubai is getting ready to host the influential World Expo in 2020 - this huge international event will boost the city's economy, tourism and leisure industries.

Hong Kong's chief executive, Carrie Lam has used her maiden policy speech to unveil tax relief policies to increase its competitive edge.

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