Articles

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 advising international families and businesses for more than 25 years. In particular he assists with holding structures for companies and properties and immigration.

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

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.

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.

The past 12 months has given many people an opportunity to pause and reflect on many aspects of their lives.

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

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.

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 Chairman first appeared in the Private Client Dining Club magazine.

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.

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.

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.