Dear Lucie,

                                                                                   

I hope you have enjoyed the summer break and found remnants of sunshine amidst the autumnal feel of the past few weeks, in London at least. But hey, September is here and the anticipation of IBSA events across the globe should bring sunshine to us all.  

    

The IBSA have a joint conference with Private Client Series in London on October 5th specifically geared to advising Russian and CIS clients on comparing tax residence issues in the UK to other jurisdictions such as Italy, Portugal, Spain and Switzerland, as well as considering corporate structuring issues for the business interests of these high net worth clients. Please contact Lucie for the reduced IBSA members' rate. 

      

Additionally, we are holding a European branch meeting of the Benelux chapter in The Hague on 3rd October titled 'Double Tax Treaty Denial & The BEPS Multilateral Instrument' (much of what I mention in my article below will be discussed at the meeting), IBSA Hong Kong will be holding a discussion on 'The Fight for Talent, Retention Schemes' on 12th October and IBSA Cyprus are running a discussion group on 8th November on 'New Transfer Pricing Rules'. I will also be delivering my ‘Polycon’ workshop in Dubai on the morning of 9th November.  And then we have our Annual IBSA Conference on 16th November on Practical Issues for Entrepreneurial Family Owned Companies.  Please scroll down for information on all upcoming events and recent articles, kindly provided by our members.

      

So, a busy Autumn for IBSA.  September always feels as though it’s the start of a new year, probably a throwback to my schooldays, and I do hope it heralds a successful and enjoyable one for you.  

       

With kind regards,            

                          

                                         

Roy Saunders  

Conferences

Structuring & Advising your Russian & CIS HNW Clients

5 October 2017, 08.30

Grange City Hotel, London

The IBSA is holding a conference in conjunction with Private Client Series, bringing together the leading minds in the industry to discuss 4 key themes: Russian tax issues, Options for alternative residencies, UK private client issues, UK corporate tax issues.


The conference fee is £899 plus VAT but for IBSA members, please contact Lucie for the promotional code on offer for the reduced cost of £450 plus VAT.    Please click on the link below for the full programme, speaker details and to register attendance.


IBSA Annual Conference - Practical Issues for Entrepreneurial Family Owned Companies

16 November 2017, 08.45

The Landmark Hotel, London

Join us on Thursday 16th November at the Landmark Hotel, London, where we'll be examining the 'Practical Issues for Entrepreneurial Family Owned Companies'.  Our speakers are all IBSA members and are experts in the fields of family and employment law, intellectual property and international tax law. They will use a case study based on the renowned Polycon Lens Company’s transformation into the Eyemax Group to explore a range of issues and challenges facing entrepreneurial family owned companies in an international context including divorce, inheritance, competition, intellectual property and corporate finance.


The conference fee is £750 but has been reduced to £450 for IBSA members.   Please click on the link below for the full programme, speaker details and to book a ticket.


Discussion Group Meetings

Double Tax Treaty Denial & The BEPS Multilateral Instrument

3 October 2017, 18.00, The Netherlands

Buren, The Hague

Join Roy Saunders of IFS Consultants, Cees-Frans Greeven of Buren and Scott Davis of WithumScott+Brown for a discussion group meeting examining the required standards of double taxation agreements to meet the aspirations of the OECD within their BEPS project and to consider the effects of the Multilateral Instrument on these treaties.


This meeting will be held at the offices of Buren, Johan de Wittlaan 15, 2517 JR, The Hague.  Please click on the link below for more information and to register attendance.


The Fight for Talent, Retention Schemes - Practical Tips from Experts

12 October 2017, 17.30, Hong Kong

KPMG, Hong Kong

The IBSA Hong Kong are pleased to invite you to attend a discussion group meeting examining what makes a successful business at the offices of  KPMG, 8th Floor, Prince's Building, 10 Chater Road, Hong Kong on Thursday 12th October at 17:30.  The expert speakers will share their insights on retention schemes for pre-IPO or listed companies, legal issues during implementation and tax considerations for employer and employees.


Please click on the link below for more information and to register attendance.


New Transfer Pricing Rules in Cyprus....

how prepared are you?

8 November 2017, 18.00, Cyprus

Centre of Visual Arts and Research, Nicosia

Join Dmitry Zapol of IFS Consultants, Stavroula Vrasida of Ministry of Finance and Christos Michael & Petros Petrides of First Names Group for a discussion group meeting on Wednesday 8th November at 18:00 examining 'the Circular' introduced in June by the Cypriot tax authorities, complying with Actions 8-10 under the OECD BEPS project.


Please click on the link below for more information and to register attendance.


Workshops

International Tax Planning - The Polycon Journey

9 November 2017, 08.30, Dubai

The Capital Club, Dubai

Join Roy Saunders for an workshop examining the international tax issues relevant to the expansion of the fictitious Polycon Lens Company as it morphs into the multinational Eyemax Corporation throughout its generational journey.


For our online introduction of this workshop, please click here. This workshop carries a charge of 250 UAE Dirhams (approximately £50) but free to IBSA members.  Please click on the link below to book your ticket.


Members are encouraged to submit articles to the knowledge bank by contacting Lucie.Hoyland@istructuring.com

WHEN DOMESTIC VAT CAN SURPRISE FOREIGN ENTERPRISES

Paddy Behan, Simmons Gainsford

Many countries have VAT-type systems.  From this we might expect that that because such tax systems have common features – and in the case of EU countries, a common basis in EU law – it should be easy to explain the UK VAT system to foreign businesses trading in, or intending to trade in the UK.  But this is frequently not the case.  Often businesses which do not have a UK establishment are taken by surprise when they learn that their business model can result in their having to register for VAT, and to make returns and payments.  Read more >>

BENEFICIAL OWNERSHIP IN TODAY'S WORLD

Roy Saunders, IFS Consultants

Who really owns the right to income? And are they declaring it? These are the obvious two questions that tax authorities around the world want to ask. And a third question is, are intermediary entities within a group structure entitled to be separately treated as if they own the income rather than the ultimate beneficial owner? Read more >>

REASONS FOR A SHAREHOLDERS' AGREEMENT

Edmund Leung, Tanner De Witt

Where a company has more than one shareholder, it is recommended that the shareholders enter into a written shareholders’ agreement to manage their expectations and to provide for when any disagreements may arise between the parties to the shareholders’ agreement. It is also common for the company to be a party to the shareholders’ agreement. Read more >>

UK COMPANIES MAY LIST SHARES, BONDS ON CYPRUS STOCK EXCHANGE WITH REGISTRY IN CREST

Shavasb Bohdjalian, Eurivex Ltd

An increasing number of UK based companies are issuing and listing shares or corporate bonds on the Emerging Companies Market of the Cyprus Stock Exchange (ECM/CSE) with the registry maintained in CREST.  Read more >>

COMPARATIVE ANALYSIS OF TRUSTS AND FOUNDATIONS

Nirav Shah, FAME Advisory

Traditionally, when lawyers / practitioners are requested to suggest suitable structure for estate planning, asset protection, etc. majority of the times they would recommend “Trust”. Regardless of the jurisdiction selected, the Trust has been most popular for estate planning and asset management and is likely to continue to be most popular. Read more >>

UK TAX PRIMER FOR ENTREPRENEURIAL CLIENTS

Dmitry Zapol, IFS Consultants

Advising a client is a two-way process. The client knows how to get to their end destination and our duty is to help them do this with the least tax leakage and in the most commercially sound way. Although every client is unique, inevitably after years of providing advice, common patterns emerge as one realises that issues that trouble clients are largely the same. Here at IFS, we have always believed in “accessible knowledge”, doing our best to explain international tax and business planning to clients in the most practical way. Roy’s ITSAPT “Red” Book is the best example of a title that addresses the most commonly asked questions and which entrepreneurial clients can use to start organising their cross-border activities, even before coming to see us. Read more >>

IStructuring Ltd (trading as the IBSA) is a private limited company, registered in England and Wales with registered Company Number 06638150. Business address: 133 Houndsditch, 5th Floor, London, EC3a 7BX, United Kingdom. Registered office: 44 Southampton Buildings, London WC2A 1AP, United Kingdom.