UNITED KINGDOM

Ellesheva Kissin China’s gross domestic product (GDP) expanded by just 3% in 2022, a level well below the official target of 5.5% and one of the slowest growth rates recorded in almost half a century. The data published on January 17 by China’s National Bureau of Statistics shows how strict Covid-19 policies have weighed on Asia’s largest economy. The growth rate of 3% in 2022 was the lowest level — excluding the first year of the Covid-19 pandemic — since China began to reform its economy in 1978. Demographic data showed that China’s population declined for the first time in...

FOREIGN DIRECT INVESTMENT NEWS 2023

By Dharshini David   The UK will apply to join a free trade area with 11 Asia and Pacific nations, a year after it officially left the EU.   Joining the group of "fast-growing nations" will boost UK exports, the government says.   The Comprehensive and Progressive Agreement for Trans-Pacific Partnership - or CPTPP - covers a market of around 500 million people.   But they are harder to reach than neighboring markets in Europe.   Members include Australia, Canada, Japan, and New Zealand.   Brunei, Chile, Malaysia, Mexico, Peru, Singapore, and Vietnam are also founder members of the bloc, which was...

FOREIGN DIRECT INVESTMENT OUTBOUND INVESTMENT HIGHLIGHTS 2021

By Oleg Rak   It is no secret that the world is changing at an accelerated rate. The world of transfer pricing is no exception, explains Oleg Rak of Mason Rak. The practice – like everything else in these unprecedented times – will have to adapt.   The transfer pricing world has evolved amid the pandemicInternational executive search firm Mason Rak has spoken with transfer pricing (TP) leaders across the globe, who expect changes in the world of TP to be accelerated as a result of the novel coronavirus and the resulting economic disturbances across the world.   The virus has...

CORPORATE & FIDUCIARY NEWS 2020

"No matter where you are, our mission is to tailor the best investment and immigration services for you." For many years, the UK has been the first choice for HNWIs to settle down and invest. The sudden outbreak disrupted many people's plans and seriously affected the international immigration market. In the face of the COVID-19, various countries have made many moves; the United States tried to prevent new immigrants from entering and suspended the issuance of green cards. Thailand has suspended landing visas. Many European countries have completely blocked their borders. In contrast, the move of the Home Office is...

IMMIGRATION BY INVESTMENT SPONSORED CONTENT 2020

An interview with a regulated UK immigration advisor  Are you a business owner who would like to provide a better quality of life for your family, and expand your business at the same time? Then look no further than the United Kingdom, through the Representative of an Overseas Business visa route. Beyond Residence & Citizenship, a UK investment immigration firm can help you move to the UK in a matter of months, if you meet the requirements. We asked Polina Revzina, Partner of Beyond Residence & Citizenship, and a licensed UK immigration advisor with many years of experience in the...

IMMIGRATION BY INVESTMENT EXPERT INSIGHTS 2020

Executive Summary: Although the UK must be counted as business-friendly, with its superb professional services, a common law heritage, and straightforward company law, it is relatively highly taxed and there are few if any niches available by way of escape. The ffshore dependencies of Jersey, Guernsey and the Isle of Man (qv) do however provide low-tax possibilities, and there is a beneficial tax regime for on-doms those who do not have UK origins. The services sector is dominated by banking, finance and insurance, centred in the City of London. The UK has excellent telecommunications, extensive rail and road networks, including...

2020

A new government, led by Boris Johnson, and the looming Brexit deadline of 31 October has created a political outlook which is “fraught with uncertainty,” said the former City superwoman (pictured) in a recent blog post. “Britain’s controversial new prime minster doesn’t have a proper majority,” Horlick added. “A General Election in the next few months is more likely than not. If there’s a Corbyn-led Labour administration as a result, taxation of the passing on of wealth between generations is one of the first – and easiest to execute – items on the new government’s to do list. “The time...

CORPORATE & FIDUCIARY NEWS 2019

Property in the UK, particularly London, has always been popular for Chinese Investors. Within the last year, however, the UK Tax authorities have changed their stance and all investors are now exposed to new taxes. Historically, foreign investors would use structures to reduce their exposure to taxes. Typically, it would be purchased using structures such as trusts, special purpose vehicles, private investment companies, or similar offshore corporate entities. This was the preferred method to purchase UK property because of the generous tax benefits. Even when ATED (annual tax on enveloped dwellings) taxation was introduced, it had little impact until what...

INSURANCE SPONSORED CONTENT 2019