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jersey initiates anti-money laundering review
Recently, jersey started to implement **international anti-money laundering and counter-financing of the terrorism standards**. Due to this, the **jersey Financial Services Commission** initiated the first stage of the review and assessment process. Risk assessment will be based on collection and analysis of data from the licensees. How are the collection and analysis conducted? First of a...
Path: BlogNew legislation of jersey will allow to form Limited Liability Company
jersey Finance recently announced new legislation that will enable the establishment of Limited Liability Companies (LLCs) and will have a serious impact on business relations with the US. Draft of the Limited Liability Companies Law was approved by jersey’s government on 11 September, breaking the ground for LLCs to be established in jersey. Combining the flexibility and privacy of a p...
Path: BlogHow to Offshore: Useful Tips and Tricks from Leaked Apple Inc. Papers
...quirements to Ireland to update tax legislation. The EU considered that drawing corporations to your country is an improper action for the Union member. Apple, as the company with the far-reaching plans, chose to move subsidiary companies away to jersey, exactly right after Ireland became not a reliable place to keep funds. The leaked documents revealed the process of moving offshore companies ...
Path: BlogOffshore jurisdictions introduce strict requirements for tax residents
...nown offshore jurisdictions will legally require tax residents to open physical offices and hire employees within their territories**. Tax residents of popular offshore jurisdictions such as the Cayman Islands, Bermuda, the Isle of Man, Guernsey and jersey will be required to open "real" offices and hire employees starting from 2019. Earlier this year, in November, Peter Tarn, partner of the Harne...
Path: BlogTax storm. British Virgin Islands ceased to be a "haven" for shall companies
...ministrative and criminal liability can be applied. **Who is next?** In coordination with EU, new requirements were introduced in all dependent territories of the United Kingdom (Bermuda, Cayman Islands, Isle of Man) and its crown possessions (jersey, Guernsey). It is also known that other well-known offshores, such as the Bahamas, Belize, Hong Kong, Seychelles and so on, will not be left as...
Path: BlogHong Kong Limited Company Formation
...ncome is currently subject to a rate of taxation of 16,5 percent. Double Taxation Agreements: Hong Kong has comprehensive double tax agreements with Austria, Belgium, Brunei, Canada, Czech Republic, France, Hungary, Indonesia, Ireland, Japan, jersey, Kuwait, Liechtenstein, Luxembourg, Malaysia, Malta, Mexico, Netherlands, New Zealand, Portugal, Switzerland, Spain, Thailand, United Kingdom, ...
Path: CompaniesVanuatu International Business Company Formation
...hain of 13 principal and many smaller islands. When it comes to offshore businesses and tax havens, Vanuatu ranks among the most popular. In fact, it features amongst the most sought out locations such as the BVI, Bermuda, Cayman Islands and jersey. An Offshore or International Company, is commonly set up in an offshore financial centre like Vanuatu, where there are no corporate or pers...
Path: CompaniesSwitzerland Limited Liability Company Formation
...orking days + delivery time for the courier Minimum paid up capital: CHF 20,000 Overview Switzerland is a small mountainous country located in central Europe. This landlocked country is about the size of New jersey and is between France and Italy. It is also bordered by Austria, Germany, and Liechtenstein. Switzerland is highly competitive and ...
Path: CompaniesHong Kong Type 9 (Asset Management) License
...nother place, is not required to pay tax in Hong Kong on those profits Double Taxation Agreements: Hong Kong has comprehensive double tax agreements with Austria, Belgium, Brunei, Canada, Czech Republic, France, Hungary, Indonesia, Ireland, Japan, jersey, Kuwait, Liechtenstein, Luxembourg, Malaysia, Malta, Mexico, Netherlands, New Zealand, Portugal, Switzerland, Spain, Thailand, United Kingdom, ...
Path: Licensing