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Interview - Cyprus Company Formation

Country:                                            Cyprus Region:                                               Europe Currency:                                          Euro (EUR) (€) Languages:                            Greek, English Time Zone:                             UTC +2 Phone Code:                          +357 Communications:                  Good Cyprus is an independent democratic republic, and a member of the Commonwealth. It is prosperous: GDP US$23,500 (2017) per head. The economy is dominated by services, with tourism particularly important. Unemployment is low. The Cyprus Government worked hard to create a favorable offshore tax regime while at the same time maintaining a normal-looking domestic economy, albeit with rates of taxation that are low by international standards. The success of this programme is attested...
中文

China - Cyprus Legal Agreement What to expect when investing

By Tendai Musakwa. China and Cyprus established diplomatic relations on December 12, 1971 and the two countries have developed ever-closer economic ties since then. The volume of trade between China and Cyprus increased from 150 million in 2004 to 1 billion in 2010, with an average annual growth rate of almost 40 percent. In the first half of 2012,the bilateral trade volume amounted to 400 million, rising by 1.4 percent compared with the same period of last year. Underlying the robust trade relations between the two countries is a set of bilateral agreements that make it worthwhile for investors from...
中文

Overview - Cyprus: Playground of the Gods

OCED-whitelisted Cyprus has more allure By Anas Almasri. No longer considered a tax haven, did Cyprus lose its long standing financial allure by joining the EU. Cyprus' unique geographical location situated between three continents has, throughout history, been the main drive behind its focus on benefiting from trade and economical relations between Europe, Asia and Africa. Up to the 1970s Cyprus was viewed as a trade stop between the coastal countries of those continents, leading it to be positioned as one of the world's major re-exporting hubs. Although it still holds that status today, the island has developed into a truly...
中文

Overview - Cyprus: In the Loop

Cyprus has a unique opportunity to attract Chinese investment despite the financial misfortune of its neighbors. The OECD crackdown on tax avoidance has divided the offshore world - on the one side are jurisdictions that have been able to achieve legitimacy in the eyes of the onshore world, on the other there are those who have not. The island of Cyprus puts itself firmly in the former camp. Although it was once considered a traditional tax haven, sweeping reforms in the run-up to EU accession brought Cyprus new respectability as an international business center. Black list. As a result the...
中文

Overview - Monaco: True Allure

The Principality of Monaco has time and again been accused of facilitating tax avoidance and wrongfully branded as an offshore tax haven. The country's laws, however, do not encourage unlawful evasive activities, and authorities are determent to change that inaccurate image. By Anas Almasri. Contrary to widespread belief that Monaco's main economic strength resides in it being a tax haven, the small city-state, home to some 36,000 residents, is not a shelter for tax evasion.International financial services, global commerce and tourism make up the country's major economic sectors. Its resorts and grand casinos as well as its pleasant climate are...
中文

Interview - Malta Trusts and Foundations

Why should HNWI Chinese and Asian investors consider Malta as a potential jurisdiction when setting up a trust or foundation?  Since Malta’s accession to the EU in 2004, Malta has emerged as an attractive jurisdiction for the establishment of trusts and foundations for the holding of assets for investors and high-net-worth individuals (HNWI). Financial services in Malta are based upon the key concepts of certainty, security and confidentiality. Establishing a trust in Malta gives investors the peace of mind that comes with a highly regulated EU Member State that remains up to date with all legislative and regulatory changes enacted...

Interview - Malta Company Formation

1. What is the single most important advantage your jurisdiction provides for Chinese clients? Malta is one of the most attractive holding locations for investment into China. A combination of the new favorable China-Malta Tax Treaty (effective as from 25th August 2011), Malta’s advantageous tax environment and Malta’s holding regime means that Malta is becoming the jurisdiction-of-choice from which to hold Chinese Subsidiaries. 2. What is the main reason a Chinese client would consider using a shelf company in your jurisdiction? Main reasons to consider using a Malta company include: tax efficiency, ease of administration and relatively low cost for an onshore...

Interview - Malta Overview: Passage to Europe

Alan Camilleri, chairman of Malta Enterprises, discusses the use of Malta as an entry point for your business into Europe. Among the advantages that Malta provides as an offshore center is ease of access to the European market. Often goods transited through a Maltese company with some valueadded on the island are able to escape sizable import tariffs, or restrictions on the provision of services which would otherwise stop you from accessing this large and lucrative market.This extra stop-over for your product doesn't have to be a headache. With a knowledgable and talented Workforce, and scores of investment promotion incentives,...