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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...

CORPORATE & FIDUCIARY OVERVIEW - EXECUTIVE SUMMARY 2014

Offshore finance is all the more important for Cyprus following the financial crisis. As a warm, sunny island just hours from Europe it is fitting that Cyprus biggest industry is tourism, but a reliance on visitors has made the global recession a tough time for the country. More than 70% of Cyprus population are employed in the services industry, which accounts for 80% of the country GDP, and as visitors from Europe dried up, the industry felt the pinch. Cypriot debt ballooned to 4.4% of GDP, leaving the island in violation the EU budget deficit criteria of no more than...

ARTICLE OVERVIEW - EXECUTIVE SUMMARY 2014

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...

CORPORATE & FIDUCIARY OVERVIEW - EXECUTIVE SUMMARY 2014

Country: Malta Region: Europe Currency: Euro (EUR) (€) Languages: Maltese, English Time Zone: UTC +1 Phone Code: +356 Communications: Good Formation Cost:  $1,400 – $3,400 / €1,250 - €3,000 Formation Time: 2 - 8 days Maintenance cost:  $1,250 – $2,800 / €1,100 - €2,500 Despite being a small island in the middle of the Mediterranean, Malta has proven that it has much to offer within different sectors on a national and international level. Its thriving economy has allowed it to make a name for itself within its rapidly growing Freeport, where it has created a high-technology manufacturing sector for high...

2020

Country: Malta Region: Europe Currency: Euro (EUR) (€) Languages: Maltese, English Time Zone: UTC +1 Phone Code: +356 Communications: Good Formation Cost: 1600 - 4000 USD$ Formation Time: 2 - 8 days Maintenance cost: 1300 - 2900 USD$ The government has attempted to create a high-technology manufacturing sector and to establish processing and distribution facilities around its rapidly growing Freeport. There are extensive investment incentives. Almost without wanting to, Malta has become the leading EU provider of gaming services, to its immense profit. Manufacturing, tourism and shipping are also rewarding. Its banking, mutual funds, insurance and trust service sectors are...

2020

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...

CORPORATE & FIDUCIARY JURISDICTION 2015

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...

CORPORATE & FIDUCIARY JURISDICTION 2015

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,...

CORPORATE & FIDUCIARY JURISDICTION 2014