FUNDS & FUNDS SERVICES

By Martin Banks   Tax dodging costing EU Member States €1trillion a year in lost revenue, say MEPs.   The European Parliament now has a “proper body to tackle Europe’s massive tax avoidance and evasion”.   That was the message from Greens/EFA group MEP Kira Marie Peter-Hansen, who also told this site that “The creation of the new tax subcommittee is a long-standing demand from the Greens/EFA group, and I would like to thank everyone who has pushed for it. I am both thrilled and honored to be appointed as vice-chair of the subcommittee."   She added that the subcommittee’s creation...

FUNDS & FUNDS SERVICES NEWS 2020

By Reuters Staff   BRUSSELS (Reuters) - European Union finance ministers added Anguilla and Barbados to the EU’s blacklist of tax havens on Tuesday and removed the Cayman Islands and Oman after they passed the necessary reforms.   The EU list, set up in 2017 after revelations of widespread tax evasion and avoidance schemes, now includes 12 jurisdictions: American Samoa, Anguilla, Barbados, Fiji, Guam, Palau, Panama, Samoa, Seychelles, Trinidad and Tobago, the U.S. Virgin Islands and Vanuatu.     Those on the blacklist face reputational damages, higher scrutiny in their financial transactions, and risk losing EU funds.   Source: Reuters

FUNDS & FUNDS SERVICES NEWS 2020

1. What is the single most important advantage your jurisdiction provides for Chinese clients? Curaçao is part of the Kingdom of the Netherlands, so it is a very transparent jurisdiction with a modern tax code that is similar to the Dutch tax code. Curaçao is not only a logistical gateway to Latin America with its natural harbor – with one of the largest container terminals in the Caribbean, a refinery and a large modern shipyard – but it can be considered a financial gateway to Latin America too. Curaçaohas an excellent financial sector, extremely favorable tax trading regimes, and modern holding...

IMMIGRATION BY INVESTMENT Q&A - COMPANY FORMATION 2020

Lately, an increasing amount of investors have asked us what will happen in the US real estate market.  “Is the real estate market going to hold up?” “What’s going to happen with the 2020 election?” “Do you think the Fed will continue hiking rates?” “Are markets going to adjust?” All good questions.  We usually throw it right back and ask, “What do you think?  Let’s walk through the scenarios together.” The investors usually reference data points they gathered and talk about the long bull cycle, the dynamics in the US government, recent stock market volatiliy, but struggle to come up...

FUNDS & FUNDS SERVICES SPONSORED CONTENT 2019

Introduction Whether it is for the purposes of resisting the pressure of inflation, choosing a more sound investment channel with lower costs, or seeking funds with a higher rate of return and greater potential, private equity managers in mainland China are now confronted with urgent but hard-to-satisfy demand for “going abroad plans” to provide enterprises and high-net-worth clients with global wealth configuration schemes. Plans for “going abroad” developed by private equity managers may be based on overseas financial products like Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect and Qualified Domestic Institutional Investor (QDII). Due to the shortage of channels,...

FUNDS & FUNDS SERVICES EXPERT INSIGHTS 2019

Cyprus, an EU member state, combines tax efficient features of a modern financial centre with the requisite infrastructure for the fund’s industry. It offers the full spectrum of legislative framework to all fund products (UCITS and non UCITS) and provides fund managers to structure as Alternative Investment Fund Managers in line with the relevant EU Directive or a MiFID compliant Investment Firm, both EU passported. Cyprus costs are on the low side, it is efficient and its investor friendly government authorities with minimum bureaucracy. It has a platform of experienced lawyers, accountants, custodians, fund administrators and fund managers. It has...

FUNDS & FUNDS SERVICES REPORTS 2019