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30 Mar, 2021
Tax havens are jurisdictions that impose few if any taxes on foreign individuals or companies. This has made those countries and other areas attractive locations to place assets over the long term. In the Caribbean alone, several countries are...
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05 Mar, 2021
When any shareholder of a BVI company dies, unfortunately, the executors or personal representatives ('PRs') of that person's estate may not simply rely on...
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28 Dec, 2020
Economic substance legislation came into effect on 1st January 2019 in low tax jurisdictions including Bermuda, British Virgin Islands, Cayman Islands, Mauritius, Guernsey, the Isle of Man and Jersey. The aim, to counter criticism from the EU/OECD concerning the use of...
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28 Feb, 2020
There's a reason why about 40% of the world's offshore companies are registered in the British Virgin Islands. It isn't only because the BVI is a nice place to visit, but because it's...
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18 Feb, 2019
BVI passed the Economic Substance Act, due to the lack of tax transparency in the territory, in order to avoid BVI to be included in the EU list of the non-cooperative jurisdictions for tax purposes...
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13 Dec, 2018
Investing in a yacht is an esteemed milestone in any successful businessperson's life, no matter how successful they were previously: a yacht purchase signifies the ability to invest into more than just a business, combining traveling and leisure time in the best way possible...
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21 Jun, 2018
The main goal of an offshore jurisdiction is to create a welcoming business environment and one that favors the taxation of a locally incorporated company. The tax advantages of opening an offshore company are the first that come...
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03 Aug, 2017
Lack of efficient ways to receive financial information from foreign countries has been a serious obstacle to the government's desire to impose tax on residents' income received and stored abroad...
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27 Jun, 2017
Financial service and tax "robotics" (or human "robotics" in the financial sector) is closer than we think...
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05 Apr, 2017
During the last few months, this sector has been under fire. Commonly referred to as "offshore", but what exactly does it mean, what do offshore people do? More importantly, what is its contribution? Should we continue with this sector?
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