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SEYCHELLES TRUSTS AND FOUNDATIONS

Seychelles trusts are provided for by the International Trusts Act, 1994. A trust is created when the owner of the assets (the settlor) transfers ownership of those assets to a trustee to hold and administer under the terms of a trust deed for the benefit of one or more beneficiaries or for a charitable or other purpose. As the assets of a trust are not the property of the settlor, trusts are useful vehicles for wealth management purposes including to hold and protect family wealth and for ‘outside estate’ succession planning. Although a Seychelles trust is registered with the Seychelles Financial Services Authority...

Economic Substance Requirements for Cayman Islands Companies

The Cayman Islands International Tax Co-operation (Economic Substance) Law, 2018 (the “Economic Substance Law”), which is part of the OECD's global Base Erosion and Profit Shifting (BEPS) initiative, was passed on 17 December 2018 and came into effect on 1 January 2019. The Economic Substance Law will be implemented, including by further regulations and guidance to be provided, by the Cayman Islands Tax Information Authority (“TIA”). All international offshore financial centres (including Bermuda, BVI, Jersey, Guernsey and Hong Kong) already have or will implement similar legislation. To whom does the new Economic Substance Law apply? All companies incorporated under the...

Overseas Fund Strategies: Investing in Periods of Uncertainty

Lately, an increasing amount of investors have asked us what will happen in the US real estate market.  “Is the real estate market going to hold up?” “What’s going to happen with the 2020 election?” “Do you think the Fed will continue hiking rates?” “Are markets going to adjust?” All good questions.  We usually throw it right back and ask, “What do you think?  Let’s walk through the scenarios together.” The investors usually reference data points they gathered and talk about the long bull cycle, the dynamics in the US government, recent stock market volatiliy, but struggle to come up...

Evis Hadjipetrou

Evis is director of China market for the biggest privately owned property developer PAFILIA in Cyprus. .He graduated from London School of Economics and Political Science. He has full experience in sales and business development in Russia, Europe, Middle East, United Kindom, Canada and Asia. COMPANY INTRODUCTION Founded in 1977, Paflia is the largest privately owned residential developer in Cyprus, dedicated to developing world-class properties for personal living and investment. With over 40 years’ experience, Pafilia is Cyprus’ leading luxury property developer with award-winning projects and a comprehensive property portfolio including Minthis, the island’s most exclusive golf resort and ONE,...

Jonathan Cron

Jonathan Cron is CEO of New Zealand Foreign Trust Services (NZFTS) and past President of the New Zealand Trustee Association in New Zealand, and has been a well-regarded figure in New Zealand’s Trustee and Foreign Trust industry for over 20 years. NZFTS is a privately owned business with independent specialists in the formation of New Zealand based trusts for offshore clients.  Jonathan’s ability to create innovative trust structures is drawn from his extensive experience and qualifications. His credentials include an M.B.A, a Graduate Diploma in Management and, a Graduate Certificate in Management. Jonathan is also a Member and Associate of...

Harneys Cayman

China Offshore Company Formation and Funds Guide 2018 Introduction Country: Cayman Islands Region:Caribbean Currency:Cayman Islands Dollar (KYD) Languages: English Time Zone: UTC-5 Phone Code: 1-345 Communications: Good Formation Cost:3500-4500 USD$ Formation Time: 2-3 days Maintenance cost:2500-3500 USD$ The Cayman Islands is one of the world’s leading international financial centres and is a politically stable jurisdiction thatoffers companies a tax neutral platform for mutual funds, private equity funds,holding structures, structured finance, insurance companies and listing vehicles. The Cayman Islands is also home to the world’s 50 largest banks and is the second largest offshore jurisdiction for captive insurance. Approximately eight out...

Lemanik Asset Management

Lemanik Asset Management S.A. (Lemanik) is an independent Management Company, headquartered in Luxembourg with local entities in Switzerland and Ireland. We support institutional investors in setting up and managing Undertaking for Collective Investments in Transferable Securities (UCITS) and Alternative Investment Funds (AIF). Lemanik covers also the whole value chain related to Wealth Management enablingclients to have access to international asset management, investment advisory and wealth planning. Our business model incorporates a high degree of flexibility allowing us to be innovative and adaptable in terms of client’s configurations. In recent years, we have posted impressive growth figures driven by strong sales...

Curacao Introduction

Curaçao has entered into 25 TEIA’s with, amongst others, all key jurisdictions as the USA, the UK, Sweden, Denmark, Finland, France, Spain, Australia, New Zealand, the BVI, Colombia and Argentine. A tax agreement to avoid double taxation is in force with Norway and the of course the TAK with the Netherlands, shortly to be replaced by the TANC. Tax agreements to avoid double taxation where agreed upon with Malta and the Seychelles. Curaçao has reached an agreement with the USA on April 30, 2014 to sign a model 1 IGA FATCA agreement which has come into force in 2015. Participation...