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  • IN448 - What Does Malta Offer as a Jurisdiction for Aviation?

    Malta’s reputation, within the EU, as an efficient and relevant jurisdiction for aircraft registration is growing rapidly. 

    Brexit negotiations could have a significant impact on UK registered aircraft doing business in the EU. Airline operators who receive their operating licences from the UK Civil Aviation Authority may no longer be deemed Community Carriers and may no longer enjoy the right … more

  • IN447 - Cyprus Revised Tax Treaty with India

    Cyprus is rapidly expanding its tax treaty network, as illustrated by new treaties with Bahrain (coming into force January 2017) and Latvia (ratified June 2016).

    In addition, in November 2016, Cyprus and India signed a revised Double Tax Treaty. Comprehensive details of the treaty are yet to be released but a number of key measures have been confirmed.

    Key Provisions of the Treaty

    Once the … more

  • IN446 - United Kingdom and United Arab Emirates Double Taxation Agreement - Potential Action to Consider

    On 12 April 2016 the United Kingdom (UK) and the United Arab Emirates (UAE) signed a Double Tax Agreement (DTA).  This is the first DTA to be signed between these two countries. The agreement is yet to come into force and requires ratification by both countries. 

    The DTA contains provisions regarding the location of corporate residence which may have important implications for a number of … more

  • IN445 - Isle of Man Exempt Schemes: A Flexible Solution for Family Offices and High Net Worth Indivduals

    Isle of Man Exempt Schemes are a flexible and attractive option for Private Client Family Offices and high net worth individuals. The Isle of Man has a long established fund sector and the latest Fund Statistical Data (published by the Isle of Man Financial Services Authority for the quarter ended June 2016) recorded 130 Exempt Schemes registered in the Isle of Man, with a combined net asset … more

  • IN444 - Moving to the UK and the Opportunities Provided by the UK Investment Visa and the UK Entrepreneur Visa

    Why the UK?

    The UK is a very popular destination for many individuals. The legal and education systems are of high quality and there is an excellent choice of property, both residential and commercial. It offers a rich culture, traditions and history and has a distinctive “British way of life”, which many people feel comfortable with.

    The UK has a number of international airports; Heathrow, … more

  • IN443 - The Portuguese Comandita Structure and the Benefits it Offers

    There are four different types of company that can be established in Portugal:

    Private limited liability companies (Sociedade por Quotas, LDA)

    Public limited companies (Sociedade Anónima SA Corporation)

    Limited co-partnership companies (Sociedade em Comandita, SC)

    General partnership companies (Sociedade em Nome Collectivo, SNC)

    The third type of company is based on a structure similar … more

  • IN442 - The Isle of Man: A Safe Harbour

    Over the past three decades the Isle of Man has attracted a wide variety of international businesses and individuals, many of whom are still resident in the Isle of Man and have made it their head office and/or home.

    Moody’s Investor Services Limited has recently (September 2016) released a statement stating that the Isle of Man is ‘more diverse and less volatile’ when compared to other offshore … more

  • IN441 - Online Gaming in Malta - An Interview with Sean Dowden, Managing Director of Dixcart in Malta

    In 2000 the Maltese Government passed legislation permitting online betting centres to operate from the island. Since then Malta has become one of the leading jurisdictions for online gaming with over four hundred licences having been issued, representing approximately 10% of the global online gaming market.

    Sean Dowden, Managing Director of Dixcart Management Malta Limited has extensive … more

  • IN440 - Important Changes to the Cyprus (EU) Citizenship by Investment Programme

    On 13th of September 2016, important changes were made to the programme to obtain Cypriot Citizenship by Investment. This programme enables successful applicants to gain a Cyprus (EU) passport.

    Major Changes to the Programme

    The minimum investment has been reduced from €5 million to €2.5 million*.

    *A minimum investment of only €2 million is acceptable provided that the investment is only … more

  • IN438 - The Benefits of the New Cyprus-Iran Double Tax Treaty

    The Governments of Cyprus and Iran signed and ratified a new double tax treaty in August 2015. Cyprus has a favourable tax system with an extensive network of Double Tax Treaties and this new treaty makes Cyprus an excellent gateway jurisdiction for business and investments into and out of Iran.

    The Cyprus Tax System at a Glance

    Resident companies are generally taxed at 12.5% of their … more

  • IN437 - Key Characteristics and Advantages of Portuguese Holding Companies

    Since 2014 approximately 100,000 companies have been incorporated in Portugal, representing a 10% increase in comparison to 2011, when Portugal was granted an international bailout package, which culminated in a “clean exit” in May 2014.

    This significant increase in incorporations has been driven mainly by foreign companies seeking a jurisdiction in which the quality of life matches the … more

  • IN434 - CRS and Transparency - Clients Should Assess and Act Now

    The 2004 Disclosure of Tax Avoidance Schemes (DOTAS), introduced by the UK in 2004, was one of the first pieces of legislation, globally, to address the topic of transparency and disclosure.

    With the on-going implementation of the OECD’s Common Reporting Standards (CRS), the prescient title of UK HMRC’s 2013 publication ‘No Safe Havens’ is more relevant than ever.

    Commercial and wealth … more

  • IN436 - Restarting the Clock for Non-UK Domiciles: Why Cyprus, Malta and Portugal are Attractive Jurisdictions to Consider for Relocation

    The UK offers an attractive tax regime for up to 15 years for individuals who are resident in the UK but do not have a UK domicile.

    Individuals who are UK resident, but not UK domiciled, do not have to pay UK tax on their foreign income and gains, as long as these sums remain outside of the UK.

    Individuals may choose to structure their tax affairs so that they cease to be UK tax resident for a … more

  • IN433 - Switzerland: an Option to Consider for Individuals Seeking to Relocate from the UK

    The UK is currently going through a period of considerable change, a significant element of which has been caused by the recent Brexit vote. Whilst this creates opportunities for some, the ensuing uncertainty is causing concern for a number of current UK resident individuals.

    A number of revisions (due to be introduced in April 2017) have been also proposed regarding the status of UK nom-doms. … more

  • IN432 - Acquiring Property Through a Cypriot Company

    Property in Cyprus can be purchased through a Cypriot company and the investor can benefit from the advantages available to Cypriot corporations. There are a number of capital gains tax exemptions, which make investing in Cypriot property attractive and Cypriot corporation taxes are also competitively low.

    For the purposes of this Article, property is defined as both residential and commercial … more

  • INPT2 - Chipre – Obtenção da Cidadania Através de Investimento

    Concessão da Cidadania

    A obtenção da cidadania no Chipre através de investimento, é um procedimento rápido e fácil, aplicável a cidadãos não cipriotas e aos seus membros familiares.

    Participando neste programa, o aplicante e os seus membros familiares obterão o passaporte cipriota. De realçar que não obterá apenas uma permissão de residência ou um visa, mas sim plena cidadania de um Estado  … more

  • IN430 - What are the Major Factors Non-UK Residents Should Consider When Investing in UK Commercial Property?


    Whilst there have been several recent taxation changes relating to UK based residential property (explained in Dixcart Article IN396) the taxation regime for UK based commercial property remains largely untouched.

    This, combined with the reducing UK corporation tax rate to 17% by 2020, mean that the UK commercial property market continues to be an interesting investment for current … more

  • IN429 - Migration of Companies To Nevis – Why and How

    Why Migrate a Company to Nevis?

    There are a number of reasons why you might consider migrating an existing company to the jurisdiction of St Kitts & Nevis:

    Nevis is a well-regulated jurisdiction which is independent and offers a stable political and economic environment.

    Nevis applies Common Law.

    Nevis does not have public or Governmental registers for directors, shareholders or … more

  • IN428 - Why The Madeira (Portugal) Shipping Register is so Popular: Flexibility and Other Advantages


    The International Shipping Register of Madeira (MAR) is Portugal’s second shipping register, created in 1989, within the framework of the International Business Centre (IBC) of Madeira.

    The objective of MAR was to offer a credible alternative to other international registers. The high quality and safety standards of a conventional register have been maintained within an attractive … more

  • IN388 - What Does the Jurisdiction of Switzerland Offer to Companies and Individuals?

    Switzerland has a unique position within Europe and one of the world’s most stable economies based on finance, banking, technology and commodities. Bordering Austria, France, Germany, Italy and Liechtenstein, Switzerland has a long and strong tradition of political and military neutrality.

    What does Switzerland Offer as a Location for a Company or an Individual?

    There are a number of reasons … more