CORPORATE & FIDUCIARY

RAK International Corporate Centre (RAKICC) is a United Arab EmiratesCorporate Registry operating in Ras Al Khaimah. 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.   What should I Know about Ras Al Khaimah? Ras Al Khaimah is one of seven emirates that form the UAE and is located 45 minutes’ drive north of...

CORPORATE & FIDUCIARY JURISDICTION 2018

A business-friendly environment that is ripe with opportunities, yet where one can safely invest and cater for asset protection and wealth planning, and perhaps take up a secondary residence or citizenship is an investor’s paradise. Malta, an island nation located at a crossroads between Europe and North Africa is increasingly being eyed by Asian investors as an ideal destination for investment.   The Republic of Malta is strategically located at the heart of the Mediterranean, just a 2-hour flight away from most European capitals. Maltese is the national language common to most natives; however, English is an official language as...

CORPORATE & FIDUCIARY OVERVIEW - EXECUTIVE SUMMARY 2018

What are the advantages of The Bahamas as a jurisdiction in terms of privacy & asset protection for a Chinese HNWI or Family (etc.) looking to succeed/protect their assets to the next generation? For more than 80 years The Bahamas has focused on wealth management.  This focus has been bolstered by our robust laws.  With respect to asset protection, Bahamas law is without peer.  There is a 2 year limitation of time in which dispositions can be challenged on the basis that it was designed to defeat creditors.  After that time, the disposition cannot be challenged on that basis.  Further,...

CORPORATE & FIDUCIARY JURISDICTION 2015

By Leo Zhang. As one of the most prosperous and richest countries in the Caribbean region, The Bahamas has a long history of offshore finance dating back to the 1930s. Apart from a flourishing tourism industry, the most powerful engine behind the country's economy is financial services, which account for about 15 to 20 percent of its GDP. The Bahamas maintains a sophisticated financial industry. It's home to more than 270 licensed banks and trust services providers, including seven of the world's top eight private banks and 35 of the top 100 global banks. As the country constantly upgrades its...

CORPORATE & FIDUCIARY OVERVIEW - EXECUTIVE SUMMARY 2014

What is unique in your jurisdiction and why Chinese investors should form companies there? The Bahamas is a politically and economically stable country that has legislation enacted specifically to protect the assets of international clients and encourage foreign investors. This is reflected in the fact that there are no taxes on income, profits and distributions of the assets of foreign clients. In addition, Chinese investors will benefit from a swift incorporation rate and will be exempt from exchange control regulation. What makes your jurisdiction different from other competitors for Chinese investors? The Bahamas is strategically located 65 miles off the...

CORPORATE & FIDUCIARY JURISDICTION 2014

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? We work with the top countries for ease of doing business and high on the corruption perception index (no corruption): New Zealand, Singapore and the Netherlands. All these traditional jurisdictions can offer advantages of asset protections and estate planning to the next generation. Dutch Foundations (Stichtings) can offer them an excellent solution to protect and preserve their wealth in a confidential manner. It is easy to create and Chinese...

CORPORATE & FIDUCIARY JURISDICTION 2015

Emerging markets in Asia aren't limited to just China and India. The countries that make up the Association of South East Asian Nations (ASEAN) are home to 8.8% of the world's population, and have a GDP larger than India. Growth rates in the region compete with the bigger countries, running between 6 and 8% in some of the top performers. And right in the center of it all is the island of Labuan, a Federal Territory of Malaysia and a tax-free port, situated approximately 8 kilometers off the North West coast of Borneo. After overhauling its legal framework in 2010...

CORPORATE & FIDUCIARY JURISDICTION 2014

What are the advantages of the jurisdiction for Chinese investors? What makes Labuan different from other jurisdictions for Chinese investors? Labuan is part of Malaysia and therefore closer than many other jurisdictions. It is in the same time zone, has many native Chinese speakers and is part of a larger economy. It also has tax treaties with China, Hong Kong and Taiwan. What types of companies can be opened? The preferred company type is a company limited by shares, the Labuan Company. Protected Cell Companies, Limited Partnerships, Foundations and Trusts are also provided for. What are the requirements for company...

CORPORATE & FIDUCIARY JURISDICTION 2014