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  • IN596 Features Which Make Isle Of Man Foundations Attractive Asset Protection Vehicles

    FEATURES WHICH MAKE ISLE OF MAN FOUNDATIONS ATTRACTIVE ASSET PROTECTION VEHICLES

    Background

    Common law countries have traditionally used trusts while civil law countries have historically used foundations. Many individuals in civil law countries remain more comfortable with the concept of a foundation as it is a vehicle that they are familiar with and it is often viewed as being more … more

  • IN591 Tax Reform Package For Swiss Companies Is Approved

    Historically, Swiss companies have enjoyed a zero tax regime for capital gains and dividend income.

    Trading companies, however,  have always attracted a local canton (region) tax rate. The new tax changes focus on trading profits. 

    New Corporate Tax Rate - Geneva

    As from January 2020, the corporate tax rate (combined federal and cantonal tax) for all companies in Geneva, will be 13.99%.

    The … more

  • IN595 (S) San Cristóbal y Nieves Como Centro Financiero

    San Cristóbal y Nieves es un centro financiero moderno y con visión de futuro situado en el este del Caribe. Tiene una historia singular de independencia legislativa y fiscal y está a la vanguardia de proporcionar soluciones prácticas a una base de clientes internacionales cada vez más móvil.

    San Cristóbal y Nieves ha desarrollado un número de opciones atractivas en los últimos años para hacer … more

  • IN592 Obtaining A Portuguese Golden Visa By Investing In A Portuguese Venture Capital Fund

    Why a Portuguese Golden Visa?

    The Portuguese Golden Visa scheme enables non-EU individuals to obtain the right to reside in Portugal for up to five years. This allows them and their family to travel freely to and from the majority of European countries.

    A Portuguese Golden Visa can lead to permanent residence and/or Portuguese citizenship and the right to a EU passport at the end of the fifth … more

  • IN600 The Advantages Of Using A Swiss Company To Hold Investments Owned By Turkish Residents Or Companies

                                                                                                         

    Introduction

    Turkish shareholders with foreign portfolio investments, should consider owning these investments through a Swiss company, in particular if these investments are held in Switzerland.

    What are the Key Advantages?

    a) Profit, taxed in Switzerland, will be at a rate of between 10.1% … more

  • IN595 The Future of Nevis As An International Financial Centre

    Nevis is a modern, forward-thinking financial centre located within the Eastern Caribbean.  It has a unique history of legislative and fiscal independence and is at the forefront in providing  practical solutions to an increasingly mobile and international client base.

    Nevis has developed a number of attractive options, over the years, to meet corporate and individual needs, allowing clients to … more

  • IN594 UK Stamp Duty Payment Due Within 14 Days Of Completion

    When buying a property in the UK over a certain price, stamp duty is payable.

    Since 1st March 2019 UK Stamp Duty (SDLT) must be paid to HMRC within 14 days of completion, or the purchaser may be subject to a penalty.

    There is a fixed penalty of £100 for returns filed up to three months late, increasing to £200 for returns which are filed more than three months late.

    What is UK Stamp Duty? … more

  • IN593 Malta FinTech Version 2021 And Developments In The Approach Towards Artificial Intelligence

    Background

    Malta has established itself as an innovative island.

    Practical, workable regulations have been successfully introduced for gaming and blockchain/crypto businesses and Malta is now preparing for the next generation of development within the financial service sector. New initiatives include Malta ‘FinTech Vision 2021’ and the ‘Artificial Intelligence Project’.

    FinTech Vision 2021 … more

  • IN589 The Definition Of And Approach To The Taxation Of Crypto-Currencies In Malta

    Background

    Malta is one of the countries most advanced in terms of legislation regarding crypto-currencies and has developed a pragmatic approach in relation to the taxation of this asset type.

    The Malta Commissioner for Revenue has issued three guidelines regarding the tax treatment of distributed ledger technology (‘DLT’) assets. Each of the guidelines relates to a different tax: income tax, … more

  • IN588 Increasing Demand For Malta Freeport Services And Regulation Of Malta Free Zones To Promote Further Expansion

    Malta’s Strategic Location in the Mediterranean

    Malta is a country located in a strategic position in the middle of the Mediterranean. Due to its location Malta has been a major centre for maritime operations for generations. This historical heritage and robust transport links, via air and sea, help to make Malta an ideal hub to establish an international company.

    Malta’s strategic geographical … more

  • IN586 Why Use A Family Investment Company?

    What is a Family Investment Company and Why Have One?

    As anti-avoidance legislation aimed at trusts, is increasing, people are looking for alternatives to protect a family’s fortune.  Whilst many people are happy to pass ownership to others they often wish to retain control. 

    Family investment companies (“FICs”) are being used increasingly by wealthy families to protect their family fortunes. … more

  • IN585 Effective Family Wealth Planning

    Dixcart Expertise in Relation to Wealth Structures

    The Dixcart Group has over forty-five years’ experience in assisting clients to run and manage Family Offices.

    We are very familiar with the issues facing families in this ever-changing international world and have extensive experience in providing trustee services in a number of jurisdictions.

    We take time to establish and develop close … more

  • IN581 'SIGI' - A New Type Of Portuguese Real Estate Company And Its Benefits

    Background

    Recent interest from the international financial and investment community in  Portuguese real estate has motivated the Portuguese Government to introduce a new investment vehicle, exclusively dedicated to real estate investment.

    Introduced in February 2019, the ‘Sociedades de Investmento e Gestao Imobiliaria’, (‘SIGI') introduces a number of features generally associated with Real … more

  • IN582 How Can Individuals Move To Switzerland And What Will Their Basis Of Taxation Be?

    Background

    Many foreigners move to Switzerland for its high life quality, outdoor lifestyle, excellent working conditions and business opportunities.

    A central location within Europe with a high standard of living, as well as connections to over 200 international locations via regular international flights, also make Switzerland an attractive alternative residence.

    Many of the world’s largest … more

  • IN583 An Opportunity For Organisations To Legally Produce Medicinal Cannabis In Malta

    Background

    A new legislative initiative in Malta means that it is now possible to grow and process cannabis (marijuana) in Malta, as long as it is for medical use. This presents an opportunity for entrepreneurs and investors.

    Due to its geographical position Malta is also conveniently placed, as a potential distribution hub for medical cannabis.

    Entities need to apply to produce and/or process … more

  • IN584 Annual Dixcart Seminar 2019 - The Future Of International Succession Planning

    Seminar Topic

    On Thursday 28 March 2019, Dixcart hosted its Annual Tax and Trust Seminar; this year titled: ‘The Future of International Succession Planning’.

    Sean Dowden, Managing Director of Dixcart Portugal, chaired the Seminar and began by introducing the Dixcart Group and covering some of the key reasons why succession planning is such a necessity.

    The transfer of wealth to the next … more

  • IN580 Reforms to 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

  • IN579 Guidelines: Determination of the Place of Supply - Hiring of Pleasure Boats in Malta

    The Malta Commissioner for Revenue has just published the guidelines that are to be used to determine the place of supply for the hiring of pleasure boats. These will be applicable, retrospectively, for all leases commencing on or after 1 November 2018.

    These new guidelines are based on the fundamental VAT principle of ‘use and enjoyment’ and provide the mechanism to determine the amount of VAT … more

  • IN578 UK Immigration - What Might Be Expected in 2019

    UK laws generally change at a fast pace and this is particularly the case when it comes to immigration.

    Brexit

    Brexit is very much a live issue and is still scheduled to take place on 29 March 2019. The terms of the UK’s departure from the EU are unclear but a few possibilities, in relation to immigration, are outlined below:

    the current draft Withdrawal Agreement is ratified by the UK and … more

  • IN574 Guernsey - Why Is It a Centre of Fintech Excellence?

    Background

    The current digital age brings with it new challenges and opportunities for the finance sector. As far back as 20th July 2015 the States of Guernsey released their report ‘A strategic vision for FinTech’ drafted by PwC and contributed to by more than 70 representatives of local industry and the FinTech sector including Dixcart Trust Corporation Limited.

    FinTech, as defined by the … more