• Nevis1b - Redomiciliation Of Bvi Companies To Nevis For Dissolution Purposes: A Cheaper And More Efficient Alternative

    Nevis and the British Virgin Islands (BVI) are leading international Caribbean financial centres, and both offer a good reputation and excellent standards.

    Potentially Reduced Costs

    Recent changes to legislation in the BVI mean that the cost of formally dissolving a BVI company in the BVI has increased considerably.

    In an ever competitive world where clients are cost sensitive, Nevis can … more

  • INGF1 - Guernsey Foundations

    Background

    On 25 July 2012 the States of Deliberation, Guernsey’s Parliament, approved the projet de loi The Foundations (Guernsey) Law, 2012 (the “Law”). The Law came into force on 7 January 2013.

    The Law is divided into three parts - the substantive law and two schedules. The first schedule deals with administrative matters, such as the establishment of foundations and their registration. The … more

  • INMF1 - Malta Foundations

    An Alternative to Trusts in Malta

    In 2007 Malta enacted specific foundation legislation to clearly define the legal framework for foundations in Malta, provide legal certainty and resolve any possible confusion created by local case law. More recently Malta has also enacted specific legislation regulating the taxation of foundations which further enhances Malta as a jurisdiction for … more

  • IN276 - The Advantages Of Redomiciling A Company To Malta

    Background

    Since its entry into the European Union (EU) in 2004, Malta has gained a reputation as a leading financial centre within the EU Zone. Malta’s geographic proximity to continental Europe and to North Africa, its multi-lingual workforce and comparatively low overhead costs have helped Malta to develop as a favourable location within the EU to conduct international trade.

    Why Consider … more

  • IN206 - Nevis Entities And The Economic Citizenship Programme: A Summary Of The Advantages They Offer

    Introduction

    The Federation of St Kitts and Nevis has been an independent country since 1983. It is a one hour flight to Puerto Rico, three hours to Miami and eight hours to the UK. Direct flights to all of these destinations are available from St Kitts.

    Under the constitution of the Federation, Nevis is able to introduce its own legislation, and in 1984 established its international business … more

  • IN206 (SP) - Entidades De Nieves Y Ciudadanía Económica Un Resumen De Las Ventajas

    Introducción

    La Federación de San Cristóbal y Nieves es un país independiente desde 1983. Está a una hora de vuelo de Puerto Rico, a tres horas de Miami y a ocho horas del Reino Unido. Hay vuelos directos para todos estos destinos desde San Cristóbal.

    Según la Constitución de la Federación, Nieves puede promulgar su propia legislación, y en 1984 estableció su sector de negocios internacionales … more

  • Constitución de una sociedad limitada en Chipre

    ¿POR QUÉ CONSIDERAR CHIPRE UNA BUENA OPCIÓN?

    Chipre es la tercera isla más grande y popular en el Mediterráneo. Situada al este de Grecia y al sur de Turquía fue dividida en dos en 1955. La República de Chipre comprende aproximadamente el 59% de la isla y ya es miembro de la Unión Europea. Turquía controla la parte norte de la isla, pero solo está la considera un estado soberano.

    Los factores … more

  • IN174 - Trusts: The Importance Of Accounts And Detailed Accounting

    Dixcart Assistance

    Dixcart can provide advice to the trustees of trusts established outside of the UK, who are not familiar with UK tax law. Advice may be needed to ensure that such trustees are making tax efficient distributions to any UK resident beneficiaries. We can also advise trustees on how to keep accounting records to ensure that they are able to provide the information that UK resident … more

  • IN286 - Developing Trends: International Business In Guernsey

    Background

    International business centres each offer their own unique range of features and  advantages.

    A distinguishing characteristic of the jurisdiction of Guernsey is the expertise and experience offered by the professionals on the island.

    Examples of the Types of Businesses Moving to Guernsey

    The depth of fiduciary experience available in Guernsey means that a number of business … more

  • IN224 (SP) - Las Ventajas De Nieves Para El Establecimiento O Traslado De Una Fundación

    Historial

    Nieves es una isla situada en las Indias Occidentales con un gobierno plenamente dedicado al sector financiero.

    Un vehículo corporativo innovador

    La “Multiform Foundations Ordinance” entró en vigor en Nieves el 1 de octubre de 2005. Con esta ley se introdujo en el sistema internacional de servicios financieros de Nieves un tipo híbrido y flexible de fundación. Este vehículo es un … more

  • IN222 - Company Management Services Available Through Dixcart In The UK

    Background

    The World Bank has rated the UK as the eighth easiest place to do business (to June 2014) out of 189 countries surveyed. This survey takes into account a number of factors, ranging from taxation to employment law, to the enforceability of contracts. 

    Location of a European Holding Company in the UK

    The UK has also become an attractive place to locate a European Holding Company (see … more

  • IN291 - Captive Insurance - New Opportunities

    UK Controlled Foreign Company Rule

    In a hardening insurance market changes in the UK Controlled Foreign Company (CFC) rules can, in the correct circumstances, make captive insurance arrangements more attractive to UK businesses.

    The CFC rules are essentially anti-avoidance rules designed to prevent a company from artificially moving its profits abroad, to a country with more favourable tax … more

  • IN295 - Taking The First Steps Into International Markets

    Background

    Small and medium sized enterprises (SMEs) are frequently encouraged to grow their businesses by exporting or expanding abroad.

    Taking the first steps into the international market can be daunting. Connecting with the right people is key to success in international trade and investment. The problem for SMEs can be how to make these contacts.

    The Best Approach to Develop International … more

  • IN194 - Nevis Multiform Foundations

    NEVIS MULTIFORM FOUNDATIONS

    Background

    Nevis is an island situated in the West Indies, obtaining independence as part of St Kitts and Nevis in 1983 and with a Government fully committed to the finance industry.

    An Innovative Corporate Vehicle

    The Multiform Foundations Ordinance came into force in Nevis on 1st October 2005. It introduced a flexible hybrid type of Foundation into the Nevis … more

  • IN289 - Why Choose the Isle of Man or Malta for the Location of an E-gaming Business?

    The level of regulation within the e-gaming industry is constantly being reviewed to increase protection for users. Many of the less well regulated jurisdictions are beginning to find themselves less attractive to the major e-gaming organisations. 

    Agreement between the Isle of Man and Malta

    The Isle of Man Gambling Supervision Commission and the Malta Lotteries and Gaming Authority entered … more

  • IN275 - A Consideration of Shipping in the Jurisdictions of Cyprus, the Isle of Man, Madeira (Portugal) and Malta

    Dixcart can provide clients with a number of alternative ship registration solutions. 

    This note provides a brief overview of the shipping regimes in Cyprus, the Isle of Man, Madeira (Portugal) and Malta. More detailed information is available on request regarding shipping in each of the jurisdictions considered in this Article.

    Cyprus

    Cyprus is a major ship management centre attracting … more

  • IN211: Investments into Venezuela through Madeira

    Venezuela’s uncertain political and economic climate imposes additional challenges for business intermediaries. Solutions need to be constantly found to protect the position of international clients. This demands careful strategic planning and the application of appropriate investment solutions. 

    Within the range of possible vehicles for outbound and inbound investment to Venezuela, Madeira … more

  • IN281(T) - PORTEKİZ’E TAŞINMAK VE PORTEKİZ PASAPORTU - DIXCART DOMICILES LIMITED

    Neden Portekiz?

    Portekiz Avrupa anakarasının güney batısında yer almaktadır. Güney ve batısında Atlantik Okyanusu, kuzey ve batısında ise İspanya ile çevrelenmiştir. Azor ve Madeira adaları da Portekiz’in iki özerk bölgesidir.

    Portekiz ılımlı bir iklim yanında, göz kamaştırıcı bir kıyı boyu ve muhteşem bir manzaraya sahiptir. Yaşam maliyetinin göreceli olarak düşük olduğu ülkede iyi bir sağlık … more

  • IN288 - Malta: The Global Residence Programme

    On 1 July 2013, Malta launched the Global Residence Programme. An individual from outside of the European Union (EU) buying a higher value property in Malta can benefit from the scheme and gain a residence permit in Malta. 

    The Global Residence Programme replaces the High Net Worth Individuals Scheme. Previously individuals from outside the EU and outside the European Economic Area (EEA) had to … more

  • IN290 - Malta and the Application of VAT Relating to Short-Term Yacht Chartering

    The Malta ship registry is now the largest shipping register in the European Union and the 5th largest in the world. 

    During the summer of 2013 the Maltese Government issued guidelines in relation to the application of VAT on short-term yacht charters, following on from the success of the Yacht Leasing Arrangement.

    VAT Treatment for Short Term Yacht Chartering Explained

    The short-term charter … more

  • IN302 - The Advantages Offered by the New Guernsey Aircraft Register

    Guernsey's aviation registry - 2-REG was officially launched on 9th December 2013. Four aircraft have already been registered, each carrying the registry’s unique registration mark '2-' followed by four letters.

    The global private jet market has in recent years seen huge growth in new markets, such as Brazil and China whilst the G-Reg (UK) and the N-Reg (USA) are still among the world’s most … more