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  • 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

  • IN630 Why Use a Corporate Family Investment Structure and Why Use a Guernsey Corporation?

    Family investment companies are becoming increasingly popular as an alternative to trusts for wealth, estate and succession planning.

    Why has the use of Family Investment Companies Grown? 

    Their use has grown significantly in recent years, particularly in instances where it is difficult for individuals to pass value into a trust, without being liable to immediate tax charges, but there is a … more

  • IN626 Moving To Guernsey - The Potential Tax Efficiencies

    Background 

    The jurisdiction of Guernsey offers a very pleasing environment to live in as well as very attractive personal and corporate tax regimes. 

    The island of Guernsey is the second largest of the Channel Islands, which are situated in the English Channel close to the French coast of Normandy.  

    Guernsey – a Tax Efficient Jurisdiction 

    Guernsey is a leading international financial … more

  • IN625 Considering The Use Of A Trust As Part Of A Pre Initial Public Offering Plan

    Trust structures are generally associated with estate and succession planning for private client engagements, because of the advantages and safeguards that a well-structured trust can provide.

    Use of a Trust as Part of Corporate Processes

    Trusts, however, can also play an important role within corporate transactions. Consider the planning phases leading up to an initial public offering (IPO), … more

  • IN624 Why Is It Beneficial To Register Artistic Work And Other Copyright Material in Malta?

    The Maltese Income Tax Act exempts royalties, advances and similar payments arising from copyright, from tax. 

    Exemption in Respect of Certain Copyright Income 

    The income tax exemption with respect to royalties received from certain types of ‘copyrightable’ intellectual property, in relation to; books, film scripts, music and art. 

    The Income Tax Act exempts royalties, advances and similar … more

  • IN623 Malta Holding Companies - Why Are They So Attractive?

    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.  

    Beneficial Characteristics for the Location of an International Holding Company 

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

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

  • INSWT Switzerland: Asset Protection, Double Taxation Agreement and an Attractive Location for Residence

    What does Switzerland Offer Businesses, Individuals and Families?

    Located in the centre of Europe

    Economic and political stability

    A well respected jurisdiction with an excellent reputation

    Most ‘innovative’ country in the world for nine consecutive years

    Lengthy history of expertise in finance and business

    Premier destination for international investment and asset protection

    High regard … more

  • IN622 The Reassurance of Having a Second Passport

    Threats and opportunities have always existed and never more so than in this rapidly changing world.

    Many countries are experiencing significant political and economic change. The jurisdiction of St Kitts & Nevis provides an opportunity for individuals to hold a second passport, even if the immediate intention is not to relocate to the Caribbean.

    Key Benefits Offered By Holding a St Kitts & … more

  • IN619 Substantial Activity Requirements: The EU Council, OECD and Low Tax Jurisdictions

    Background

    The EU Council’s ‘base erosion and profit shifting’ (BEPS) action plan defines the requirements to be met, by jurisdictions wishing to maintain low tax regimes for businesses undertaking ‘specified’ activities, in order to demonstrate that they have sufficient substance in that particular jurisdiction.

    Requirements include; ‘core income generating activities’ must take place in the … more

  • IN621 Ukraine - Changes to Two Double Taxation Treaties

    On 30 October 2019, the Ukraine ratified changes to two Double Tax Treaties (DTAs), the treaty with Cyprus and the treaty with the UK, respectively. 

    Once the appropriate formalities have taken place in the reciprocal countries, these treaties are expected to come into force at the start of January 2020.   

    Ukraine: Cyprus Treaty 

    The key changes are:

    A reduction in the withholding tax for … more

  • IN569 (R) Switzerland for Asset Protection in an Increasingly Challenging World

    КАК ШВЕЙЦАРИЯ МОЖЕТ ПОМОЧЬ ЗАЩИТИТЬ АКТИВЫ В УСЛОВИЯХ РАСТУЩЕЙ ГЛОБАЛЬНОЙ НЕСТАБИЛЬНОСТИ

    Общая информация

    Швейцария - невероятно привлекательное государство для международных компаний и физических лиц с крупным частным капиталом, которые ищут экономической и политической стабильности.

    Причины, по которым Швейцария выигрывает по сравнению с другими странами

    Политическая, финансовая, социальна … more

  • IN582 (R) Moving to Switzerland and the Basis of Taxation

    Каковы возможности переезда физических лиц в Швейцарию, и каковы варианты их налоговой базы?

    ОБЩАЯ ИНФОРМАЦИЯ

    Многие жители других государств решают переехать в Швейцарию из-за её высокого качества жизни, здорового и активного образа жизни, и прекрасных условий и возможностей как для трудовой, так и для предпринимательской деятельности. 

    Благодаря своему местоположению в самом сердце Европы … more

  • IN615 Will Trusts - Ten Basic Facts

    When Might You Consider Using a Will Trust?

    Will Trusts can be used to protect property and assets within an estate. 

    They can be particularly appropriate to provide gifts and inheritance for children from previous relationships and to leave assets to a vulnerable or disabled person. 

    What are Other Potential Uses of Will Trusts? 

    Will Trusts can also be used for the following:  … more

  • IN616 New Double Taxation Agreement: Portugal and Angola

    Background

    Angola is one of the fastest growing economies in the world. Additional opportunities are available for companies established in Portugal due to implementation of double taxation provisions and the increased certainty that this brings.

    Detail

    One year after its approval, the Double Tax Agreement (DTA) between Portugal and Angola finally came into force on the 22nd of August 2019. … more

  • IN617 A Report Recognising The Dynamic Growth Of The Malta Financial Services Sector

    The Malta Financial Services Authority (MFSA) has published its Annual Report and Financial Statement for the year 2018. It presents an overview of the activities and work carried out by the MFSA, together with details about the industry’s performance and explains the Authority’s vision for the coming years.

    Despite a challenging and highly competitive environment, in 2018, the Maltese financial … more

  • IN608 Listed Company Services Provided By Dixcart In Guernsey

    Background

    The addition of Shaun Drake to the Guernsey office has enabled Dixcart to provide a new suite of services to listed (or public) companies that trade on worldwide stock exchanges. Shaun is a professional company secretary with 20 years of listed company experience with companies trading on stock exchanges in the UK, Canada, USA and Australia. He presently acts for a number of listed … more

  • IN609 Malta Introduces Consolidated New Group Rules - Offering Cash Flow Advantages

    Malta – Full Imputation Tax Regime

    Malta’s competitive tax regime is based on a full imputation system. Tax on the profit paid by the company distributing dividends, is made available to the shareholder as a tax credit, to avoid double taxation on the same income (for the company and subsequently for the shareholder).

    A shareholder receiving profit dividends can request a tax refund on those … more