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  • IN642 Offshore Planning for Ultra High Net Worth Individuals Using Corporate Family Investment Structures

    Family investment companies continue to prove popular as an alternative to trusts in wealth, estate and succession planning.

    What is a Family Investment Company?

    A family investment company is a company used by a family in their wealth, estate or succession planning which can act as an alternative to a trust. Their use has grown significantly in recent years, particularly in instances where it … more

  • IN641 An Opportunity to Redomicile a Ship to an Attractive Shipping Regime in a Sunny Jurisdiction

    Redomiciliation of a Shipping Company to Malta

    Malta has established itself as a robust and safe maritime jurisdiction and has the largest European maritime flag registry.

    It is possible to redomicile a shipping company from another jurisdiction to Malta, without liquidating the company in the country that it is being redomiciled from (Legal Notice 31, 2020).

    A Summary of the Attractive Tax … more

  • IN640 Ceasing to be UK Tax Resident - Don't Get It Wrong!

    Introduction

    It is March 2020 and two people are sitting at the departure gate at Heathrow waiting for their delayed flight to the Bahamas. They start a conversation and talk about why they are flying to this Caribbean island. 

    Person A, Mrs Exiteer, explains to Person B, that  she had lived in the UK for a long time as a resident “non-dom,” but that changes to the tax rules for longer term … more

  • IN639 St Kitts and Nevis: An Update on the Taxation of Non-Resident International Companies

    What is the Good News?

    The period of uncertainty regarding the future of Nevis companies is coming to an end and the future for Nevis looks more positive.

    In summary, companies that can demonstrate they are non-resident, that is companies with central management and control outside Nevis and no permanent establishment in Nevis, may continue to enjoy a tax neutral environment.

    Background

    In 201 … more

  • IN638 UK and Nevis - The Answer To New Indian Tax Residency Regulations?

    What is Changing?

    India is tightening its residency provisions specifically to push ‘stateless’ persons (Indian nationals), who are not liable to tax in any other country, within the Indian tax net.

    In addition, in order to become non-resident in India you will have to stay outside of India for at least 240 days per tax year and as detailed above, Indian citizens will also need to be liable to … more

  • IN637 If You Must Stay in a Country Due to Unforeseen Circumstances - Including a Pandemic

    Spring 2020, and we are experiencing an unprecedented period in terms of threat to health and economic stability.

    Lower key disruption took place in April 2010, due to the ash caused by a volcanic eruption in Iceland and the subsequent cancellation of a large number of flights.

    At this current time, there may be a number of other, less serious, but important unforeseen consequences.

    Tax … more

  • IN618 What is the Impact of Brexit Likely to be for Turkish Nationals Benefiting from the Ankara Agreement

    The Ankara Agreement enables Turkish nationals to enjoy a number of advantages in terms of emigration to EU countries. 

    Background 

    The ‘Ankara Agreement’, as it is commonly referred to, was signed in 1963 between the Republic of Turkey and the European Economic Community (EEC). The Agreement was designed to encourage Turkey to become a Member State of the EEC by promoting economic relations.  … more

  • IN620 An Important Guide: Moving to the United Kingdom

    Background 

    Although the UK is no longer a member of the EU, a transition period is currently in place until at least 31 December 2020. During this period, most EU laws including EU free movement rules, continue to apply in the UK.

    It remains to be seen how negotiations between the UK and the EU will affect the future relationship; however, the UK remains an attractive destination for … more

  • IN550 Visas Available to Non European Economic Area (EEA) Individuals Allowing Them to Work in the UK

    Background 

    This article summarises some of the UK immigration options available to individuals to conduct business and/or work in the UK. For information on the Tier 1 (Investor), the former Tier 1 (Entrepreneur), Start-up, and Innovator visa categories please see: Information Note 580

    Short-Term Business Trips 

    It is possible to visit the UK and conduct business of a limited nature for up to … more

  • IN571 Routes to UK Residence and Citizenship

    Individuals granted a Tier 1 (Entrepreneur) visa or Tier 1 (Investor) visa under the existing rules before/on 28 March 2019, as detailed below, are generally unaffected by new rules, effective from 29 March 2019. For more information, please refer to Dixcart Article: IN580 Reforms to UK Investor Visa Category and New Entrepreneur Visa Routes

    Who Can Move to the UK?

    EEA nationals and their … more

  • IN580 Reforms to the UK Investor Visa Category and New Entrepreneur Visa Routes

    On 7 March 2019, the UK Home Secretary laid Statement of Changes to the UK Immigration Rules before Parliament, with these changes being introduced from 29 March 2019. 

    The changes primarily concern the closure of the Tier 1 (Graduate Entrepreneur) and Tier 1 (Entrepreneur) categories to new applicants, and these are replaced by the Start-up, and Innovator visa routes. The Tier 1 (Investor) … more

  • IN601 The EU Settlement Scheme (EUSS) - What UK Businesses and Employers Need to Know

    On 30 March 2019, the EUSS was fully implemented under UK domestic immigration rules, as a post-Brexit system. This allows EEA and Swiss citizens, and their family members, to continue to live and work in the UK – EEA is short for the European Economic Area comprising the EU, Iceland, Liechtenstein, and Norway.

    Although the UK is no longer a member of the EU, a transition period is currently in … more

  • IN633 Dixcart Group - Private Client Services: Trusts, Foundations, Family Office

    The Dixcart Group has more than 45 years of experience in assisting wealthy individuals and their families in matters of succession, estate planning and in the efficient administration of their affairs. 

    The Dixcart Group can assist with the formation and administration of trusts, foundations, private and managed trust structures and other family office services and is able to offer these … more

  • IN634 Malta and Africa Strategy For Partnership: 2020 - 2025

    Malta launched a Malta and Africa strategy for partnership 2020 – 2025, for public consultation, at the start of 2020. This strategic approach to Africa reflects the growing importance of this continent in relation to trade, development and diplomatic objectives.

    The African Continent in the Modern World

    The Maltese Government views Africa as a vital strategic partner for the future. It is an … more

  • IN635 Attractive Cyprus Double Tax Treaties: United Kingdom, Ukraine and Kazakhstan

    A key Double Tax Treaty (DTT) came into force between Cyprus and the UK in 2019. In addition, two new Cyprus DTTs came into force early 2020, with Ukraine and Kazakhstan. 

    This Article highlights the most important features of each treaty. If you would like further detail and information regarding any relevant exceptions please contact the Dixcart office in Cyprus: advice.cyprus@dixcart.com.  … more

  • IN636 UK Remittance Basis of Taxation - Don't Get it Wrong!

    Background

    UK tax resident, non-domiciled, individuals who are claiming the remittance basis of taxation, do not pay UK tax on foreign income and gains, as long as these are not remitted to the UK.

    It is, however, crucial to ensure that this tax benefit is properly planned for and claimed. For more information regarding formally claiming the remittance basis, please see Information Note 498. … more

  • IN631 Why Consider a Second Passport?

    In the last decade, people have become increasingly concerned regarding safety and personal/economic growth in relation to themselves and their families.  This has helped motivate the emergence of the modern phenomenon: the ‘World Citizen’.  Families are increasingly making the brave decision to either gain new nationality or obtain additional nationality, in order to enhance their lives and … more

  • IN627 Dixcart Cyprus - New Office, New Opportunities

     Robert Homem, the Managing Director of Dixcart Cyprus, is delighted to announce that the Dixcart office in Cyprus moved to its new premises in Limassol, during the first week of December 2019.

     Substantial red-tape and two sets of Planning Permissions had to be navigated, as well as a number of complications in relation to the electricity supply. A few grey hairs were gained.

     The Dixcart … more

  • IN628 Technology Investment is Booming in the UK - Why Should You Be Speaking to Dixcart?

    The UK continues to be a favoured place for technology start-up companies, with 2019 investment growth, outpacing that of both China and the US.

    According to the Government backed ‘Tech Nation Dealroom’, British technology start-ups raised $13.2 billion in 2019, an increase of 44% compared to 2018.

    Eric Schmidt, who was the Chief Executive Chairman of Google for six years to 2017, stated; “ … more

  • IN629 UK Immigration - A Summary of Key Changes 2019

    With Brexit due to take place on 31 January 2020, UK immigration rules for EU citizens are likely to face further change. At the same time, the UK recognises the need to continue to attract talent from overseas and a number of measures introduced during 2019 indicate the direction that the UK is likely to be taking regarding immigration in 2020.

    January 

    Since 28 January 2019, UK employers have … more