Category Archives: Wealth Management
#Hong Kong and its link to Offshore Jurisdictions
In 1984, people of Hong Kong were made aware of the concept “offshore jurisdiction” by the re-domicile of one of the biggest listed conglomerates in Hong Kong to Bermuda. Since then, quite a number of offshore jurisdictions become well-known in … Continue reading
The Austrian Holding Regime
Introduction For more than 25 years Austria, located right in the center of Europe and at the cross-roads between East and West, serves as a perfect jurisdiction for establishing holding companies. The large tax treaty network Austria has with currently … Continue reading
Reform of the Cyprus International Trusts Law of 1992
The long-awaited reform of the Cyprus International Trusts Law, a much-needed initiative, has finally become reality with the enactment of the International Trust (Amending) Law of 2011. When it came into force in 1992, the Cyprus International Trusts Law gave … Continue reading
Singapore as a Holding Domicile for Your China Operations
Both Hong Kong and Singapore provide viable domiciles for a holding company…But what are the differences? Singapore doesn’t usually come onto the radar for most folks when it comes to holding China investments, but in the changing dynamics of emerging … Continue reading
#Hong Kong on the Rise
As time quickly passes, providing business consulting services to worldwide clients becomes more and more complicated and challenging. The days where a simple IBC type company was the cure-all are gone. Clients now seek well-managed, robust corporate vehicles as well … Continue reading
THE UNWRITTEN WORD
THE UNWRITTEN WORD Despite an outbreak of foundation fever around the Caribbean, as this civil law animal is introduced into the common law habitat, trusts have been and remain the backbone of succession planning in common-law offshore jurisdictions. This has … Continue reading
Oh! FAC
Yep, that is how a number of bankers and business managers are now pronouncing OFAC, an acronym for the US Treasury’s Office of Foreign Asset Control. OFAC administers and enforces economic and trade sanctions based on US foreign policy. The … Continue reading
IRS Seeks to Boost Revenue: Introduces 2012 Voluntary Disclosure Program
On January 9, 2012, the IRS issued a press release (IR-2012-5), which announced the reopening of the offshore voluntary disclosure program. During the release, IRS indicated that it had collected in excess of $4.4 billion from taxpayers who participated in … Continue reading
Annual Compliance Procedures for China Representative Offices
Prior to distributing and repatriating profits, foreign-invested enterprises (FIEs) must complete the annual compliance process. The annual compliance procedures involve audit, tax filing and inspection. These procedures are required by law, and completing them improperly could lead to fines. Furthermore, … Continue reading
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