CORPORATE & FIDUCIARY

RAK International Corporate Centre (RAKICC) is a United Arab Emirates Corporate Registry operating in Ras Al Khaimah (UAE). RAK ICC is responsible for the registration and incorporation of International Business Companies, as well as providing a full suite of Registry services related to International Business company activity. RAK ICC is a modern, world class Company Registry operating in full compliance with international standards and best practices in the International Business company formation industry. The UAE is one of the most open economies in the world with a GDP of US$400 Billion. A business-friendly hub, with global connectivity, world class infrastructure...

CORPORATE & FIDUCIARY OVERVIEW - EXECUTIVE SUMMARY 2014

Why should Chinese investors form companies in Qatar?Qatar is one of the world most dynamic and fast-growing economies in a fast-growing region, underpinned by an estimated US$16.7 trillion of magnetisable oil and gas reserves. Moreover, Qatar is also ranked the 13th most business-friendly country in the world and highest in the Middle East (World Economic Forum Global Competitiveness Report 2013-2014). At the heart of the investment case is the stellar performance of Qatar economy. Between 2007 and 2012, nominal GDP grew at a compound average annual rate of 17%. The International Monetary Fund forecasts that the GCC economy will grow...

CORPORATE & FIDUCIARY JURISDICTION 2014

When was trust law introduced in your jurisdiction? The British Virgin Islands (BVI) is a well-respected and sophisticated jurisdiction for the establishment of trusts.  The general principles of BVI trust law are derived from those of English trust law as developed by the English courts of equity.  Indeed, the principles of English common law and equity can be applied directly in the BVI by virtue of the Common Law (Declaration of Application) Act 1705 and the Eastern Caribbean Supreme Court (Virgin Islands) Act, as supplemented or modified by specific statutory provisions to offer a variety of flexible and user-friendly trust...

CORPORATE & FIDUCIARY Q&A - TRUST AND FOUNDATION 2015

What are the advantages of the BVI as an offshore jurisdiction for Chinese investors? What makes it different from other jurisdictions for Chinese investors? The British Virgin Islands (BVI) has built a reputation as one of the world leading finance centres meeting the needs of international businesses and high net worth individuals. Advantages for Chinese investors using BVI structures and services include: Asset security- the ability to transfer domicile; protect assets from expropriation or confiscation orders from foreign governments; Transfer assets to another company, trust, foundation, association or partnership; Merge or consolidate with any other BVI or foreign company in...

CORPORATE & FIDUCIARY JURISDICTION 2015

Since we established the first family trust in China in September 2012, critics have long complained that many companies are selling family trusts as “Wealth Investment Products” and are misleading clients in this way. I want to stress here today is that selling family trusts purely as “Wealth Investment Products” is certainly not right; however, the absence of proper strategic asset allocation in wealth inheritance planning is very likely to cause the entire wealth inheritance plan to eventually deviate from the established direction, or even completely fail. Convinced of the great importance of asset management, wealth management and asset management...

CORPORATE & FIDUCIARY NEWS 2019

Having worked for over 20 years in the United Arab Emirates, I have always been fascinated by the clarity in direction demonstrated by the country’s leaders and their persistent efforts to execute their strategy in a swift and methodical manner. During this time, the UAE – like the rest of the world – has gone through economic cycles of growth and contraction. But throughout it all, the country’s clarity in what it stands for and what it aspires to be has prevailed. The resolute focus maintained by the country’s leadership has helped the country to securely move forward by constantly...

CORPORATE & FIDUCIARY EXPERT INSIGHTS 2019

Inheriting the historical symbol of the ancient Silk Road and following the principle of peace and development, China’s Belt and Road Initiative intends to actively establish economic partnerships with countries along the designated “Belt and Road” regions. It also intendsto jointly build a community of shared interests, shared futures and responsibility, featuring mutual political trust, economic integration and cultural inclusiveness. Encompassing over 60% of the global population, it will not only create new opportunities for the sustainable development of China’s economy, but also, more importantly, will change the political, economic and military landscape of the world. Over the past few...

CORPORATE & FIDUCIARY EXPERT INSIGHTS 2019

“The Era of Global Taxation Is Coming” In 2018, several domestic media outlets ran the headline, “The era of global taxation is coming”, with regards to the implementation of the Common Reporting Standard (CRS). For many high net-worth individuals, CRS was a major buzz word in 2018. So, what is CRS exactly? CRS is short for Common Reporting Standard. CRS is a standard for taxpaying citizens’ information exchange between different countries, developed by the Organization for Economic Co-operation and Development (OECD), requiring global financial institutions to offer the account information of citizens of a country to the tax authority of...

CORPORATE & FIDUCIARY EXPERT INSIGHTS 2019