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  • IN293 - UK Controlled Foreign Companies Rules - And Certain Exemptions That Can Reduce Or Remove The Obligation To Pay UK Tax

    The UK updated its foreign company (“CFC”) rules on 1 January 2013. A number of exemptions apply that can reduce or remove the obligation to pay UK tax.

    Background

    A CFC is a non-UK resident company controlled by persons in the UK.  Typically a CFC is a foreign subsidiary of a UK group, although corporate control is not required for a company to be a CFC. 

    The rules, which are essentially anti- … more

  • IN483 - Access To Complementary Services From Nevis for Professional Firms In Other Jurisdictions

    St Kitts & Nevis offers well-regulated and effective solutions for businesses around the world. It is an international financial centre with innovative corporate and wealth management solutions available to clients. 

    A number of jurisdictions are experiencing increased pressure from the wider international commercial community and/or measures taken by their own Governments. Nevis may be able to … more

  • IN482 - Benefits Offered By Nevis And The Use Of A Managed Trust Company

    Nevis offers a number of wealth planning opportunities which can provide certainty, flexibility and privacy to families who are planning for the future. 

    Numerous tax benefits are available to international companies, limited partnerships and trusts located in Nevis. These include NO income tax, NO social security tax, NO capital gains tax, NO wealth tax, and NO death duty or inheritance tax. … more

  • IN481 - Why Consider Using A Nevis International Business Company For Wealth Planning And Holding International Investments?

    Nevis is a leading international Caribbean financial centre, with a good reputation and excellent compliance standards, making it well suited to holding international investments for wealthy families.

    It can be a challenge for non-European investors to find an efficient and cost effective manner in which to make international investments. The use of a Nevis International Business Corporation ( … more

  • IN480 - St Kitts & Nevis Citizenship by Investment - A Second Passport That Can Assist With Mobility Around the World

    A Second Passport - The Caribbean Solution for Alternative Travel Documents 

    In today’s ever changing world, freedom and ease of travel are becoming ever more important. Residents of many countries suffer from a lack of mobility, which most western countries take for granted.

    Increasingly, wealthy non-EU individuals are applying for residence, and in some instances, citizenship in European … more

  • IN475 - Moving Location - A Critical Time to Plan for Succession

    Wealth – a Responsibility 

    The transfer of wealth to the next generation is a critical issue. The ability and understanding of the next generation as to how to deal with the organisation and management of the wealth being passed to them is also a vital consideration.

     A family’s financial wellbeing can be lost or reduced in disputes over control and management of the wealth. Unfortunately the … more

  • IN477 - Trusts Accounts Broken? – We Can Help Fix Them

    Introduction

    Trustees have never had more reason to ensure that their internal systems and controls are fit for purpose.

    The main drivers behind the need to assess these are:

    Increasing global scrutiny of wealth management structures by tax authorities

    Global transparency and exchange of information

    The establishment of beneficial ownership registers

    The pressure on and from regulators to … more

  • IN479 - Guernsey Register of Beneficial Ownership – A Unique Approach

    Background

    In February 2017, Guernsey’s Government approved the establishment of a register of beneficial ownership information.

    In implementing this initiative, Guernsey, along with a large number of other jurisdictions, is maintaining its commitment to meet international standards on tax transparency and is adopting the recommendations of the Financial Action Task Force.

    This new Register … more

  • IN478 - Portugal – An Increasingly Attractive Location for Entrepreneurs

    Background

    Historically, Portugal’s ‘brightest and best’ have looked for opportunities outside of Portugal. This was not necessarily because they wanted to, but because Portugal was more focused on keeping its head above water and on finding ways to leave the Economic Adjustment Programme agreed with the European Commission for the period 2010-2014 (the bailout programme).

    Whereas in the past … more

  • IN476 - Trust / Foundation Hybrid Structure – An Asset Protection Structure for Internationally Mobile Individuals

    Background

    Asset protection and wealth preservation continues to be a primary focus for high net worth individuals. 

    However, the ever increasing international mobility of individuals and their families means that the traditional Common Law jurisdiction solution of a Trust, or Civil Law jurisdiction solution of a Foundation may not, in isolation, prove to be optimum solutions for an individual’ … more

  • IN431 - The Isle of Man Alternative Banking Regime - Opportunities for Corporate Organisations and Representative Offices

    The Alternative Banking Regime (ABR) in the Isle of Man can provide a number of opportunities for organisations. Discussions with clients and professional colleagues regarding the new regime have identified a number of potential applications and benefits of the ABR.

    Legislative Structure

    The ABR was introduced on 1 August 2016 and expands the existing Class 1 (deposit taking) banking licence to … more

  • IN474 - Providing Professional Firms in the BVI with Access to Complementary Services from Nevis

    Nevis and the British Virgin Islands (BVI) are countries within the Caribbean that offer well-regulated and effective solutions for businesses around the world. They are international financial centres offering clients innovative corporate and wealth management solutions.  

    A number of similar corporate services are available in the two jurisdictions but, due to recent Government rule changes in … more

  • IN473 - The Organisation of a Fund in Malta - The Benefits

    Dixcart is licensed to provide fund administration services in Malta and in the Isle of Man. 

    We provide a comprehensive range of services in Malta including accounting and shareholder reporting, corporate secretarial services, fund administration, shareholder services and valuations.

    The Benefits of Establishing a Fund in Malta

    A key benefit in terms of using the jurisdiction of Malta for the … more

  • IN472 - Yacht Registration in Malta: The Commercial and Leasing Opportunities

    During the past decade Malta has consolidated its status as an international centre of maritime excellence. Currently Malta has the largest shipping register in Europe and the sixth largest in the world. 

    Malta has also become a world leader in terms of commercial yacht registration.

    Yacht Registration in Malta

    Commercial and pleasure yachts can be provisionally registered under the Malta flag … more

  • IN471 - Malta - Attractive Residence Programmes and Tax Benefits for Expatriates

    Malta offers five residence programmes to meet different individual circumstances. Some are appropriate for non-EU individuals while others provide an incentive for EU residents to move to Malta.

    The five residence programmes and the tax benefits they can provide for individuals, where relevant, are detailed below.

    INDIVIDUAL INVESTOR PROGRAMME

    The Individual Investor Programme (IIP) … more

  • IN470 - Malta Holding Companies - Why Are They So Attractive?

    Beneficial Characteristics for the Location of an International Holding Company

    The location of a holding company is an important consideration in any international structure where one of the objectives is to minimise the tax charged on the income flow. 

    Ideally the holding company should be resident in a jurisdiction which: 

    Has a good double tax treaty network, thereby minimising … more

  • IN469 - The Annual Dixcart Seminar - March 2017: Risk Mitigation for Family Offices and Corporates

    As many of you know, each year Dixcart hosts a seminar. This year the topic was risk mitigation for family offices and corporates and was held at the Institute of Chartered Accountants in England and Wales (ICAEW) in London.

    Risk is an increasingly important factor to mitigate for any business and for this particular seminar Dixcart chose to highlight the areas of geographic risk, family risk, … more

  • IN468 - Worldwide Disclosure, UK Tax Liabilities and What You Should Do

    The Worldwide Disclosure Facility (WDF) runs from 5 September 2016 to 30 September 2018. It is designed to enable taxpayers to disclose a UK tax liability which relates wholly or partly to an offshore issue.

    All other offshore disclosure facilities have now closed and this is the final opportunity for UK taxpayers to come forward before the Common Reporting Standard (“CRS”)  information exchange … more

  • IN467 - Another Reason to Choose Cyprus - The Cyprus Non-Domicile Regime

    Cyprus is an attractive option for the relocation of both companies and individuals.

    This island offers a warm climate, good infrastructure, convenient geographic location, membership of the EU, tax advantages for companies and incentives for individuals through the Cyprus non-dom regime.

    Background

    The Cyprus House of Representatives approved new tax laws on 9 July 2015, which took effect on 1 … more

  • SA3 - Dixcart Group: More than 45 Years of Providing Professional Assistance to Internationally Mobile South African Families

    South African families are currently experiencing a number of challenges. Increasingly, South African families are looking at international wealth protection strategies, business relocation options, and residency and citizenship solutions in the UK, Europe and elsewhere. Safety, security and currency volatility are big drivers, but political, economic and educational issues play their part too.  … more