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Investment Funds in United Arab Emirates (UAE)

The United Arab Emirates (UAE) was formed in 1971 and originally consisted of Abu Dhabi, Ajman, Dubai, Fujairah, Sharjah, and Umm Al Quwain. This was a historic year for them because it was also in this year that these territories were liberated from British rule. The following[...]
Date: 01 Jul 2019
Jurisdiction: United Arab Emirates
Subjects: Investment Funds

BVI Economic Substance Law

The British Virgin Islands (BVI) has passed legislation requiring certain legal entities which carry on ‘relevant activities’ to demonstrate that they have adequate economic substance in the BVI.[...]
Date: 03 Jun 2019
Jurisdiction: British Virgin Islands
Subjects: Economic Substance

There is no such thing as a No-Deal Brexit

The Brexit discussion meeting at Close Brothers Asset Management on Thursday, 30th May was a fascinating insight into the legal, political and economic consequences of Brexit. Despite my having chosen a date for this discussion some months ago, thinking that 30th May would be[...]
Date: 03 Jun 2019
Subjects: Brexit

VAT issues that may affect your business

VAT updates on Brexit, customs, Making Tax Digital and more: This briefing contains timely information on VAT issues that may affect your business.[...]
Date: 03 Jun 2019
Jurisdiction: United Kingdom
Subjects: VATBrexit

US/UK Tax-efficient charitable giving

Individuals who have exposure to both US and UK taxes need to take great care when planning any charitable giving to ensure that it is tax efficient. A little attention can ensure that the available tax relief is maximised. If looking to give tax efficiently the following[...]
Date: 30 May 2019

2020 Swiss federal and Geneva cantonal corporate tax reform accepted!

We are very happy to report that on 19 May 2019, the Swiss and Geneva voters by a large majority accepted the 2020 Swiss federal and Geneva cantonal corporate tax reforms. As per 2020, Switzerland will introduce generally applicable reduced corporate income tax rates in addition[...]
Date: 29 May 2019
Jurisdiction: Switzerland

The True Impact of BEPS on International Business Structures

In the last decade, OECD officials have recommended measures to combat tax avoidance, culminating first in the BEPS (Base Erosion and Profit Shifting) initiative in 2015 and then the MLI (Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS) effective[...]
Date: 28 May 2019
Jurisdiction:

Brexit and its impact on EU registered trade marks and designs

There remains a great deal of uncertainty surrounding the outcome of Brexit. Our view is that there is unlikely to be a ‘no-deal’ Brexit, and therefore that no further action will be necessary for some time with regard to the effect of Brexit on EU trade marks and registered[...]
Date: 28 Mar 2019

Changes in the world of Fund Management

The world of Fund structuring, management, regulation and compliance has been transformed in the last few years. The most recent announcement was on 5 February 2019 when the European Commission welcomed a political agreement reached by the European Parliament and EU Member[...]
Date: 12 Mar 2019

Tax planning considerations for Tier 1 HNW migrants in the UK

The UK encourages foreign direct investments by granting high net worth individual investors and entrepreneurs the right to remain temporarily in its territory, with the associated tax benefits of the resident “non-dom” regime. Similar rights are extended to members of their[...]
Date: 12 Mar 2019
Jurisdiction: United Kingdom