CORPORATE & FIDUCIARY

What are the key advantages of your jurisdiction in terms of privacy & asset protection for a Chinese HNWI or Family (etc.) looking to succeed their assets to the next generation? San Marino trust law is one of the most modern trust law, with feature very typical of civil law, and much focused on the protection and enforcement of settlor’s will, more than beneficiaries’. In terms of cost, how is the cost of a setting up a trust/foundation in your jurisdiction compare to other jurisdictions? If it’s more expensive, what is the additional value that a client receives for this?...

CORPORATE & FIDUCIARY JURISDICTION 2015

1. Industry research suggests that China will soon rank first in the world as a source of clients. Have you experienced an increase in demand for your company incorporation services from this region? Yes, we have increasing numbers of Chinese clients using UK companies and partnerships for investment and trading purposes in the UK, and within the broader EU market place.   2. What is the single most important advantage your jurisdiction provides for Chinese clients? The UK is an important gateway for Chinese clients into the UK and to Europe in general. Of the EU member countries, the UK is the fastest...

CORPORATE & FIDUCIARY JURISDICTION 2015

What is unique in your jurisdiction and why Chinese investors should form companies there? London is one of the world's leading financial centers and a hub forinternational trade and finance. With over 100 double taxation agreements,the UK is alsoan excellent location to establish holding companies for EU and globalgroups. For Chinese clients seeking to relocate, the UK offers unparalleledstandards of education and quality of life. What makes your jurisdiction different from other competitors forChinese investors? As a common law country within the EU, the UK combines a reliable andefficient legal system with the benefits of EU membership such as theparent/subsidiary...

CORPORATE & FIDUCIARY JURISDICTION 2014

Country:                                Jersey Region:                                   Channel Islands (Crown Dependency) Currency:                              Sterling (GBP) Languages:                English/French Time Zone:                 UTC Phone Code:              +44 Communications:      Excellent Jersey is an island situated off the coast of Normandy France. It has a population of circa 96,000. Jersey Although a Crown Dependency Jersey is self-governing and has a separate legal, financial and judicial system to the United Kingdom. Jersey is one of the World’s leading financial centers and has been a finance industry leader for over 50 years. Jersey offers significant simplification of tax allowing investors from multiple jurisdictions to...

CORPORATE & FIDUCIARY JURISDICTION 2015

Country:  Nevis Region:   Caribbean Currency:  East Caribbean dollar (XCD) (EC$) Languages: English Time Zone:  UTC -4 Phone Code:  +1869 Communications:  Very Good Nevis is a part of the politically independent St Kitts and Nevis Federation. Nevis has been a well-regarded International Finance Centre since 1984. Nevis enjoys a certain level of autonomy from the Federation and has introduced legislation which supports its offering of a broad range of wealth management and succession planning tools. There are many advantages of doing business in Nevis. Advantages of Nevis Independent jurisdiction Exemption from income, withholding, gift, estate and succession taxes Stable political environment...

CORPORATE & FIDUCIARY JURISDICTION 2019

What are the key advantages of your jurisdiction in terms of privacy & asset protection for a Chinese HNWI or Family (etc.) looking to succeed their assets to the next generation? Depends on states but South Dakota offers zero state income tax, confidentiality and no FATCA reporting. In terms of cost, how is the cost of a setting up a trust/foundation in your jurisdiction compare to other jurisdictions? If it’s more expensive, what is the additional value that a client receives for this? South Dakota is very reasonable. Trust establishment and renewal fees are flat $3,500 USD per year and...

CORPORATE & FIDUCIARY JURISDICTION 2015

Country:                                Samoa Region:                                   South Pacific Currency:                              Samoan Dollar (Tala)/US Dollar (USD/US$) Languages:                English Time Zone:                 UTC-11 Phone Code:              +685 Communications:      Good Incorporation Cost:  300 USD$ Formation Time:       24 hours Maintenance cost:     NIL Samoa, which comprises two large islands and seven smaller isles, is situated in the centre of the Southern Pacific Ocean, approximately equidistant between Honolulu and Sydney and immediately east of the International Date Line. The Islands have a total land area of approximately 2,830 sq. km. Five of the islands are uninhabited. The administrative and commercial centre is situated...

CORPORATE & FIDUCIARY JURISDICTION 2019

Country:                    United States Region:                      Americas Currency:                  US dollar (USD) (US$) Languages:                English Phone Code:                     +1 Communications:      Very Good Suitable for: Insurance, Shipping, Aviation, Yachting, Trading Goods, Trading Financial, Intellectual Property/Licensing, E-commerce Vehicle Types: Limited companies, public limited companies, sole proprietorships, branches, general partnerships, limited partnerships and limited liability partnerships Capital primary business districts: Dakota, Delaware, Nevada Good Relationships: China, United Kingdom Bad Relationships: Burma, Cuba, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria Tax Burden - Business: Moderate Tax Burden - Individual: Moderate Headline tax rates: CIT 15%-39% (qualified personal service corporation 35%),...

CORPORATE & FIDUCIARY JURISDICTION 2015