• IN536 - Advantages of Cyprus Foreign Interest Companies - Including the Right for Employees to Reside in Cyprus

    Background and the Cyprus Permanent Residence Scheme

    Cyprus offers a Permanent Residence Scheme whereby individuals are granted permanent residence by acquiring property in Cyprus with a minimum value of €300,000. The Dixcart office in Cyprus can provide comprehensive details regarding the Cyprus Residence Scheme.

    This programme is proving popular but is not always appropriate as individuals … more

  • IN538 - Imminent Introduction of the Portuguese Tonnage Tax Scheme for Ships - What benefits will it offer?

    The Portuguese tonnage tax and seafarer scheme was approved by the European Commission on 6 April 2018, in line with EU State aid rules, in particular the Guidelines on State aid to maritime transport. The Portuguese measures will enhance the competitiveness of the Portuguese shipping sector and, simultaneously, protect know-how and jobs in the EU maritime transport sector.

    The law proposal had … more

  • IN537 - 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

  • IN525 - Important Changes to the St Kitts and Nevis Economic Citizenship Programme

    On 5 April 2018, the St Kitts & Nevis, Citizenship by Investment Unit (CIU) made an exciting announcement regarding permanent changes to the Economic Citizenship Programme. 

    Two new options have now been introduced, as detailed below:

    Option 1: The New Sustainable Growth Fund

    We are delighted to announce the introduction of the New Sustainable Growth Fund (SGF). 

    This fund has been … more

  • IN523 - What is the UK Remittance Basis of Taxation and How Can It Be Of Benefit?

    The UK continues to offer significant tax advantages for individuals who are resident but not domiciled in the UK. This is due to the availability of the remittance basis of taxation. The availability of the remittance basis for longer term residents was restricted from April 2017 and additional details are available on request.

    Non-UK domiciliaries who are resident in the UK (whether on a short- … more

  • IN522 - The Importance of Having a Will - An Interview with Paul Flude, Dixcart Family Office Adviser

    As families become increasingly international, with family members located in different countries, it is vital that appropriate wills are drafted and, subsequently, regularly reviewed and amended to reflect any variation in circumstances. Often the jurisdictions where assets are located and/or where family members reside will be subject to change.

    Paul Flude, Dixcart Family Office Adviser, has … more

  • IN518 - Why the Madeira International Shipping Register (MAR) is so Attractive and the Advantages of Registering a Vessel in Madeira

    The International Shipping Register of Madeira (MAR) was established in 1989 as part of the Madeira International Business Centre (“MIBC”) “package” of taxation benefits. Vessels registered with MAR carry the Portuguese flag and are subject to the International Treaties and Conventions entered into by Portugal.

    Over half a million vessels are now registered with MAR and it is ranked the fourth … more

  • IN516 - Obtaining a Portuguese Golden Visa by Investing in a Portuguese Venture Capital Fund

    The Golden Visa includes an investment route option. Individuals can use this route to gain a Golden Visa, by investing in a Portuguese Venture Capital Fund.

    The specific criteria details are:

    Investment of a minimum €500,000 to purchase shares in investment funds or venture capital companies that are being used to support small and/or medium sized companies in Portugal that have generated … more

  • IN515 - The Portuguese Golden Visa and the Application Procedures

    Portugal is an increasingly attractive jurisdiction for relocation, due to the lifestyle, cosmopolitan cities, good weather, local hospitality, excellent food and great ambience. With the introduction of Portugal’s Golden Visa scheme and a special tax regime for Non-Habitual Residents, Portugal has become a popular choice for many EU and non-EU nationals.

    The Portuguese Golden Visa provides the … more

  • IN514 - Portugal - Introduction of a Specific Start Up Visa for Entrepreneurs from Outside Portugal

    Framework

    The Portuguese Government launched the “Start Up Visa for Entrepreneurs” at the Web Summit it was hosting in November 2017. This summit was one of the major international, technological gathering events of the year.

    The Start Up Visa is specifically designed to attract foreign investment to Portugal.

    Advantages

    The Start Up Visa comprises a residence visa for entrepreneurs, who: … more

  • IN490(P) - Reasons Why Companies and Individuals are Relocating to the UK and a Case Study for the UK Entrepreneur Visa (Portuguese version)

    RAZÕES POR QUE TANTO EMPRESAS COMO INDIVÍDUOS SE ESTABELECEM NO REINO UNIDO E UM “CASE STUDY” SOBRE O VISTO DE EMPRENDEDOR NO REINO UNIDO

    Considerações

    O Reino Unido é um destino atraente para indivíduos não residentes na Uniao Europeia que considerem alterar a sua residência. Eles não são atraídos para o Reino Unido apenas pela sua cultura variada e pelo "modo de vida" britânico, mas também … more

  • IN489(P) - A New Residence Scheme in Malta and Favourable Changes to the Existing Residence and Visa Programme (Portuguese version)

    NOVA VIA DE OBTENÇÃO DE RESIDÊNCIA EM MALTA E MUDANÇAS FAVORÁVEIS AO ACTUAL PROGRAMA DE RESIDÊNCIA E VISTOS

    Resumo

    O novo programa, denominado "Iniciativa para Empregados Essenciais"/”Key Employees Initiative” em Malta permite a emissão de autorizações de trabalho e residência a futuros funcionários (desde que não residentes na UE) no prazo de cinco dias úteis a contar da data do pedido.

    As … more

  • IN486(P) - Portugal New Golden Visa Investment Routes (Portuguese version)

    PORTUGAL - NOVAS ROTAS DE INVESTIMENTO PARA O “GOLDEN VISA”

    Considerações

    15.000 pessoas de patrimônio elevado e suas famílias estabeleceram a sua residência em Portugal desde 2009.

    Portugal está na moda, com belas paisagens e cidades como Lisboa, Porto e Funchal para explorar. As famílias que se mudaram para Portugal são atraídas pelo programa de imposto sobre pessoas singulars, o Programa de … more

  • IN490(S) - Reasons Why Companies and Individuals are Relocating to the UK and a Case Study for the UK Entrepreneur Visa (Spanish version)

    RAZONES POR LAS CUALES EMPRESAS E INDIVIDUOS SE TRASLADAN AL REINO UNIDO Y UN CASE STUDY PARA LA VISA DE EMPRENDEDOR EN EL REINO UNIDO

    Resumen

    El Reino Unido es un destino atractivo para la reubicación de individuos de fuera de la UE. No solo se sienten atraídos por el Reino Unido debido a su rica cultura y al "way of life" británico, sino también por las ventajas fiscales que están disponibles … more

  • IN489(S) - A New Residency Scheme in Malta and Favourable Changes to the Existing Residence and Visa Programme (Spanish version)

    UN NUEVO ESQUEMA DE RESIDENCIA EN MALTA Y CAMBIOS FAVORABLES AL ACTUAL PROGRAMA DE RESIDENCIA Y VISAS

    Resumen

    El nuevo programa 'Key Employee Initiative' en Malta permite la emisión de permisos de trabajo / residencia a potenciales empleados clave (que no sean ciudadanos de la UE) dentro de los cinco días utiles posteriores a la fecha de solicitud.

    Los cambios al "Programa de Residencia y … more

  • IN316(S) - The Isle of Man - The Benefits for Business and Family (Spanish version)

    LA ISLA DE MAN: BENEFICIOS PARA SOCIEDADES Y INDIVIDUOS

    Resumen

    La Isla de Man ofrece una infraestructura comercial muy atractiva, proporcionando un entorno estable, seguro y accesible para individuos y familias.

    La isla es hogar para una serie de industrias diversas, que incluyen; aeroespacial, banca, servicios financieros, fabricación, registro de buques y aeronaves, industria espacial y … more

  • IN512 - The Isle of Man Aircraft Registry: 10 Years of Success

    The Isle of Man Aircraft Registry was established by the Isle of Man Government in 2007, primarily to bring additional economic prosperity to the Isle of Man’s private sector. From a very small beginning, the team now comprises around 20 aviation specialists with the business ethos of ‘Safety and Service’.

    Currently led by the Director of Civil Aviation, Simon Williams, the registry continues to … more

  • IN510 - Moving to Cyprus - The Benefits for Individuals and Key Advantages of Cyprus Companies

    Cyprus is an attractive option for individuals seeking to move their country of residence. It offers a warm climate, good infrastructure, and convenient geographic location. It also offers attractive tax advantages for companies and incentives for individuals through the Cyprus non-domicile regime, as well as benefits for highly paid employees moving to Cyprus.

    Situated off the southern coast of … more

  • IN509 - Alternative Jurisdictions to Consider for UK Non-Domiciles Wishing to Move Out of the UK

    The UK non-domicile regime remains a relatively attractive option with UK non-domiciles (“non-doms”) continuing to have the opportunity to enjoy significant tax advantages for a period of up to 15 years.

    Major reforms regarding how UK non-domiciles are taxed were introduced in April 2017. As detailed in the Dixcart Article: UK Tax Residence - Planning Opportunities, Case Studies and How to Get … more

  • IN (Chinese) - Nevis Economic Citizenship Requirements

     聖基茨和尼維斯聯邦投資入籍

    一般程序如下

    主要申請人必須填寫政府頒發的四份表格 (C1、C2、C3和C4)。

    家屬申請人只需填寫三份表格 (C1、C2和C3)。

    C1表格

    所有申請人必須填寫,記錄每個申請人的詳細個人資料。 (該表第C57項問題詳細說明了必須隨申請表格一起提交的補充資料或證明文件)。

    C2表格

    所有申請人必須填寫。主要是確定申請人的身份。

    表格應由公證員,律師或國際著名銀行的兩名高級職員用英文填寫。

    C3表格

    所有申請人必須提交,由法醫填寫。

    (包括兒童在內的所有申請人必須隨申請材料一起提交艾滋病毒檢測報告原件,檢測報告不得超過三個月)。

    C4 表格

    該表格有關託管賬戶,由主要申請人填寫。

    證明文件

    所有申請人都必須提供:

    艾滋病毒檢測證明,這將作為C3表格的一部分提供(僅適用於16歲以上者)。

    現行護照的認證複印件,註明姓名、照片、 … more

  • IN-Nevis Ec Cit Requirements (R) - Экономическая программа предоставления гражданства Сент-Китса и Невиса

    Общие черты процесса

    Главный заявитель должен заполнить четыре правительственных формуляра. (C1, C2, C3 и C4).

    Заявители-иждивенцы должны заполнить только три формуляра (C1, C2 и C3).

    Формуляр C1

    Заполняется всеми заявителями и содержит личные данные каждого заявителя. (Вопрос C57 в формуляре касается дополнительной информации или сопровождающих документах, которые должны прилагаться к заявлен … more

  • IN464 (R) - УСКОРЕННАЯ ПРОГРАММА ПРЕДОСТАВЛЕНИЯ ГРАЖДАНСТВА КИПРА ИНВЕСТОРАМ И ЕЕ ПРЕИМУЩЕСТВА

    Общая информация

    Программа предоставления гражданства Кипра инвесторам быстро становится одной из самых популярных программ по получению права на проживание в Европейском Союзе.

    Ускоренная программа позволяет частным лицам (и их семьям), не имеющим гражданства Кипра, приобрести гражданство Кипра при условии, что они инвестируют 2,5 миллиона евро в экономику Кипра.

    *В одной особой ситуации, … more

  • TECH-IN505 - Actions to Consider for UK Non-Domiciles in Relation to Trusts

    On 8 September 2017, the second Finance Bill of 2017 was published. This confirmed that the previously announced policies, including amendments to the taxation of non-doms due to start on 6 April 2017, would be effective from that date.

    In addition, further draft legislation, which will form part of a third Finance Bill, was published on 13 September 2017. This introduces new rules in relation … more

  • IN494 - Madeira International Shipping Register (MAR) - White Listed on Both Paris and Tokyo MOU

    MAR: Recognition as an International Shipping Register

    The recent publication of the 2016 Annual Report Paris MOU on Port State Control (PSC) has confirmed Portugal’s international shipping register (MAR) as highly rated in terms of quality and safety standards.

    MAR is also “White Listed” in the 2016 Annual Report of the Tokyo MOU, which is one of the most active regional PSC organisations in … more

  • IN493 - The Isle of Man Shipping Registry - An Innovative Approach

    Advisers often need to guide clients on the most suitable jurisdiction to flag an owner’s vessel. Historically, advisers have preferred tried and tested jurisdictions, but this is starting to change, due to the increasing importance of jurisdiction perception, international transparency, time differences, different legal systems and growing costs associated with certain jurisdictions. 

    Criteria … more

  • IN492 - Cyprus - An Attractive EU Yacht Scheme

    The Cyprus VAT Department has issued various guidelines (2012, 2014 and 2015) which have made Cyprus one of the most attractive jurisdictions for yacht registration in the European Union.

    Guidelines Issued in 2015

    In April 2015 the Cyprus VAT Department issued a new circular reducing the applicable VAT payable on yacht lease payments to as low as 1.9%.

    The reduced rates were made … more

  • IN491 - Registration of Ships and Yachts: Multi-Jurisdictional Services Available from Dixcart

    The priorities and key factors used to select a shipping jurisdiction are changing. Jurisdiction perception, international transparency, time differences, different legal systems and growing costs are becoming increasingly important criteria to take into consideration.

    The ownership structure for a ship and/or yacht has a number of important implications and Dixcart is able to provide advice … more

  • IN490 - Reasons Why Companies and Individuals are Relocating to the UK and a Case Study for the UK Entrepreneur Visa

    The UK is an attractive destination for individuals from outside the EU to consider moving to. They are not only attracted to the UK due to its rich culture and the British "way of life" but also because of the tax advantages that are available to both companies and individuals. 

    Tax Advantages Available to UK Companies

    One of the lowest rates of corporation tax in the Western World. … more

  • IN489 - A New Residence Scheme in Malta and Favourable Changes to the Existing Residence and Visa Programme

    Summary

    The new ‘Key Employee Initiative’ programme in Malta allows for work/residence permits to be issued to prospective key (non-EU) employees within five working days from the date of the application.

    Changes to the Malta ‘Residence and Visa Programme’ now allow the applicant and main dependents to apply for long-term residence in Malta after five years of residence.

    In addition, parents … more

  • IN486 - Portugal - New Golden Visa Investment Routes

    15,000 high net worth individuals and their families have moved to Portugal since 2009.

    Portugal appears to be the place to be, with beautiful scenery and cities like Lisbon, Porto and Funchal to explore. Families who have moved to Portugal are attracted by the personal tax programme: the Non-Habitual Resident Programme. Non-EU individuals also have the option to move to Portugal by applying for … more

  • IN485 - New "60 Day" Tax Residency Rule for Individuals in Cyprus

    In July 2017, the Cyprus Parliament voted for an amendment to the current criteria used to determine Cyprus tax residency. In addition to the 183 day rule, a second test is being introduced in relation to an individual’s tax position in Cyprus.

    The  current “183 day rule” applies to individuals who have physically resided in Cyprus for more than 183 days during one calendar year.

    In addition to … 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

  • 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

  • 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

  • IN465 - 2-REG Channel Islands Commercial Aircraft Registry: Case History Highlighting the Advantages of Temporary Registration

    Established in December 2013, “2-REG”, the Channel Islands Aircraft Registry, is the aircraft registry of the States of Guernsey. The nationality mark is ‘2’ followed by four letters, allowing for attractive registration marks.

    There have been 94 registrations to date of lessor owned aircraft, corporate aircraft, including a Boeing 787-8 Dreamliner, and locally owned aircraft. The registry is … more

  • IN464 - Fast Track Cyprus Citizenship by Investment and the Benefits it Offers

    Cyprus Citizenship by Investment is rapidly becoming one of the EU’s most popular residence schemes.

    A fast track procedure exists for non Cypriot citizens (and their families) to acquire Cyprus Citizenship by investing €2.5 million* in Cyprus.

    *In one specific set of circumstances as detailed below in the financial criteria, the investment required is €2.0 million.

    A non-Cypriot citizen … more

  • IN459 - Relocating a Company to the UK? Why Consider the Dixcart Business Centre

    Individuals wishing to establish a company in the UK may, for a variety of reasons, consider the use of a Business Centre offering serviced office capacity, which will provide substance. Business Centres can offer a productive work environment and a cost effective option for organisations with international interests wishing to operate from a particular location.

    A company establishing itself in … more

  • IN458 - Reduced Costs for the St Kitts & Nevis Citizenship by Investment Programme and Ability to Pass Citizenship to Future Generations

    From the 1st of February 2017 a number of changes were made to the criteria required for a donation to the Sugar Industry Diversification Foundation (SIDF) to gain St Kitts & Nevis Economic Citizenship. These changes make this Citizenship option an even more attractive and cost effective proposition.

    For additional information regarding St Kitts & Nevis Citizenship, please see: IN 308 – St Kitts … more

  • IN457 - Thinking of Flagging or Reflagging a Vessel? - Malta Could be the Answer

    A lot of uncertainty has been generated within Europe following on from the Brexit vote, and certain other countries who are beginning to reassess their position within the EU. This is having an impact on the marine industry, with a number of vessel owners seeking to reflag ships and yachts.

    The choice of flag registration is an important decision and a jurisdiction must be selected that … more

  • IN450 - A Move of Residence

    Please note that as a general principle EU citizens are free to move to other EU countries. Switzerland is in the Schengen Area and as such EU citizens can move there and vice versa. Unless specified, the residence schemes are therefore applicable to non-EU individuals for all of the countries featured. St Kitts & Nevis is not in the EU and therefore their scheme applies to EU and non-EU … more

  • IN449 - Guernsey and the Isle of Man: Convenient Choices to Reset the Clock for UK Non-Domiciles

    The UK non-domiciles regime remains a relatively attractive option with UK non-domiciliaries (“non-doms”) continuing to have the opportunity to enjoy significant tax advantages for a period of up to 15 years.

    Changes to UK Non-Dom Legislation

    Major reforms regarding how non-UK domiciliaries are taxed were however introduced in April 2017.

    As detailed in the Dixcart note: UK Tax Residence - … more

  • 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

  • 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

  • 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