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DIFC's Regulatory Regime Amended

DIFC's Regulatory Regime Amended

by Lorys Charalambous, Lowtax.net, Cyprus
21 August, 2014
Sheikh Mohammed Bin Rashid Al Maktoum, the ruler of Dubai and vice-president of the United Arab Emirates, has enacted a number of amendments to the regulatory regime of the Dubai International Financial Centre, a free zone in the UAE.
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Dubai Gold And Commodities Exchange Joins DMCC Free Zone

Dubai Gold And Commodities Exchange Joins DMCC Free Zone

by Lorys Charalambous, Lowtax.net, Cyprus
21 August, 2014
Dubai Gold and Commodities Exchange, the first derivatives exchange in the Middle East and North Africa region, has announced that it has moved to a new permanent office in the Dubai Multi Commodities Centre Free Zone.
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Shanghai-Hong Kong Stock Connect Starts Trading Tests

Shanghai-Hong Kong Stock Connect Starts Trading Tests

by Mary Swire, Lowtax.net, Hong Kong
21 August, 2014
With the beginning of trading tests in both cities, a significant stage has been reached in development towards the Shanghai-Hong Kong Stock Connect, a pilot program to establish stock market trading links through local securities firms or brokers.
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SKN's Economy To Outpace Eastern Caribbean

SKN's Economy To Outpace Eastern Caribbean

by Mike Godfrey, Lowtax.net, Washington
21 August, 2014
Saint Kitts and Nevis's economy is expected to grow at the fastest rate of all Eastern Caribbean Currency Union territories, and the fifth fastest in the region, according to new statistics from the UN Economic Commission for Latin America and the Caribbean.
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BVI Seeks To Reinvigorate Financial Services Industry

BVI Seeks To Reinvigorate Financial Services Industry

by Amanda Banks, Lowtax.net, London
20 August, 2014
The Government of the British Virgin Islands has tasked a private sector consultancy to expand and diversify the islands' financial service industry and look at ways to strengthen the territory's reputation.
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Channel Islands' Financial Services Ombud A Step Closer

Channel Islands' Financial Services Ombud A Step Closer

by Jason Gorringe, Lowtax.net, London
20 August, 2014
Guernsey and Jersey have hailed the appointment of the Channel Islands' first Chairman of the Office of the Financial Services Ombudsman. The body, which will be established shortly, will handle complaints about financial services in the two islands.
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Swiss Half-Year Revenues Disappoint

Swiss Half-Year Revenues Disappoint

by Ulrika Lomas, Lowtax.net, Brussels
19 August, 2014
A direct federal tax revenue shortfall of CHF1.4bn (USD1.55bn) in the six months to end-June has led the Swiss Federal Council to admit that, in retrospect, its budgeting was much too high.
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Guernsey Issues Guidelines For Marketing Funds Into EU

Guernsey Issues Guidelines For Marketing Funds Into EU

by Jason Gorringe, Lowtax.net, London
19 August, 2014
Guernsey's Financial Services Commission has issued guidance on the European Union's Markets in Financial Instruments Directive II, which will amend rules applying to firms undertaking relevant investment services business with individuals or entities located in the EU.
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Sharjah Free Zone Targets Indian IT Firms

Sharjah Free Zone Targets Indian IT Firms

by Lorys Charalambous, Lowtax.net, Cyprus
18 August, 2014
Sharjah International Airport Free Zone (SAIF Zone) recently sent a delegation to Bangalore in India to drum up business for the zone during the India Innovation Summit.
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Cypriot Guidance On Alternative Investment Fund Law

Cypriot Guidance On Alternative Investment Fund Law

by Lorys Charalambous, Lowtax.net, Cyprus
18 August, 2014
A new law has entered into force in Cyprus to regulate the establishment and operation of Alternative Investment Funds.
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Country Rankings

Country Rankings

Kitty's Encomiums And Execrations

Intended to be a proxy for business friendliness; evidently they are highly partisan, but hopefully one day they will become useful for decision-making, even if for the moment it is all just an amusing game. View Country Rankings »

United Kingdom VAT And Sales Tax Guide

A guide to VAT And Sales Taxes in the United Kingdom, covering everything from rates, exemptions, and thresholds, to information on records and invoices, VAT returns, payments, refunds, assessments, and penalties. View United Kingdom VAT And Sales Tax Guide »