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By Henry Mander. The British Virgin Islands ("BVI") forms an archipelago of approximately 60 islands in the middle of the Caribbean chain. For a number of decades it has been one of the world's leading international finance centres, having formed or registered in the region of 950,000 corporate vehicles, limited partnerships, trusts and other structures.  In 2000 the British Foreign & Commonwealth Office commissioned the accounting firm KPMG to conduct a survey of the British offshore territories and the subsequent report indicated that amazingly 41 percent of the world's offshore structures were registered in the BVI. This was followed by...

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By Chris McKenzie. BVI Trust.In addition to being the world leading corporate domicile, the BVI has for some time now been regarded as one of the premier international financial centres in which to set up trusts and the attraction of the BVI as a trust jurisdiction has been significantly enhanced by new trust legislation which came into effect as recently as May 2013. The trust is a creature which evolved centuries ago in England in order to hold title to land and personal possessions. Typically, nowadays, a trust will be set up when a person (known as the settlor) transfers...

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The world is changing; company formations are no longer just about price and speed. You want to work with a company that has the size, global reach, processes, systems and compliance infrastructure to ensure excellent service combined with the security of your client data.  We set up corporate entities on behalf of professionally qualified intermediaries, with solutions including all aspects of onshore, mid-shore and offshore companies for inbound and outbound international business, as well as registered office and registered agent services and any related post-incorporation undertakings. We are local, dedicated specialists that act as your single point of contact no...

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Austria, at the gateway between East and West, is a perfect hub for making investments into foreign countries tax efficiently. For being able to obtain the benefits of the Austrian Holding Tax Regime there is no need for a special purpose company but any Austrian corporate entity like a GmbH (company with limited liability) or AG (stock corporation) as well as Austrian permanent establishments of European corporate entities can benefit from the Austrian Holding Privilege.  What are the key features of that Austrian holding regime ? Domestic holding: Intercompany dividends paid between two Austrian companies are tax exempt in the...

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Introduction Strategically located in the Indian Ocean perched on the axis of on the axis of investments from Europe, Africa, the Middle East and Asia, Mauritius has throughout the last two decades forged a strong reputation as a premier international financial center.  Although Mauritius is better known as a gateway for the structuring of investments into India and increasingly Africa, it is also increasingly being used by professional advisers and their high net worth clients as a jurisdiction of choice for private wealth management services. The enactment of the Foundations Act in 2012 has widened the choice of structures available...

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Liechtenstein will combat for the international acceptance of trusts and foundations what is a principal basis in order to reach the target of international cooperation and reputation. It is interesting to see that clients from certain countries have it much easier within this new environment of tax cooperation. No wonder that financial intermediaries travel more and more to jurisdictions like Russia and China where there is no inheritance and gift tax, and the income tax rate is very moderate. The burden to shift fortune from one person to the other is not the same outside of the European Union, what...

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We believe that wealth protection planning should be an essential component in the development of financial strategies of all who have achieved, or aspire to attain, independent financial success and for those who are fortunate to have inherited family wealth. Modern day financial planning is incomplete without due consideration of wealth protection issues. The twentieth century has provided unlimited opportunities for wealth creation, both in the developed world and the emerging markets like PRC. Unfortunately over the past two decades there has been a progressive escalation of risk factors adversely affecting the creation and retention of wealth. To expect the...

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Q: Compared with other jurisdictions, what is unique in your jurisdiction? Why should people put money there? A:Luxembourg is a well-known holding company location as under the participation exemption dividends received and capital gains realised on the sale of participations are exempt if certain conditions are fulfilled. This in combination with the favourable provisions of the Luxembourg - Hong Kong tax treaty provides substantial tax optimisation opportunities. It is important to mention that Luxembourg has one of the most stable political climates in Europe. Luxembourg has rapidly developed into a major European financial centre. Next to the US, Luxembourg has...

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