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What are the advantages of the jurisdiction for Chinese investors? The general advantages of the jurisdiction include: Traditionally signed certificate of incorporation and formation documents, registered very quickly, usually within 1 day. Seychelles IBCs, Foundations and trusts are not taxed in Seychelles and there are no requirements to prepare, audit or file accounting statements. Privacy guarantees are clearly provided for in the various legislations. Low cost. A Seychelles IBC can be formed, all fees included, for the less than the government fee of a BVI company. What types of companies can be opened? IBC, Domestic companies, CSL, PCC What are...

CORPORATE & FIDUCIARY JURISDICTION 2014

The general functions of trusts, covering wealth inheritance, asset management and property protection, has been widely acknowledged and frequently used by high net worth individuals, families, private banks and family offices. However, trusts can also play a very important role for a company planning an initial public offering (IPO). The most common trust arrangement during the IPO process includes family asset arrangement for shareholders and equity incentive plans for employees. As for the shareholders' family property arrangement, the grantors, or the shareholders, usually care most about the security and controllability of their assets. That means the original shareholders should know...

EXPERT INSIGHTS 2020

By Baron Laudermilk. Seychelles' Long Road to Becoming Africa's Offshore Financial Hub. While Seychelles is the smallest in population of any African nation with a population of around 86,000, it is becoming one of Africa's main financial offshore hubs. The island country maintains both booming tourism and real estate markets, and the government is now fully committed to transforming its economy from an agricultural to a financial oriented hub of Africa. The government has made clear measures in this development for many years. Seychelles' offshore business started in 1994 when the government launcheda series of initiatives created to establish the...

CORPORATE & FIDUCIARY OVERVIEW - EXECUTIVE SUMMARY 2014

The continued development of ETFs in Hong Kong is relatively stable and has been almost 12 years since the first ETF was launched. Currently, there are 79 listed ETFs, among which two were not traded in Hong Kong. The one with the most active trading is A50(2823) as some investors don't take a long-term position in the fund.  However, the Tracker Fund (2800) covers most of the Hang Seng Index components, allowing investors to buy into the entire Hong Kong market to diversify investment risks. Many investors choose to hold their positions in the long term. Apart from the QFII...

EXPERT INSIGHTS 2020

The past decade has been good to the Seychelles.This group of 115 islands spreading in the Indian ocean northeast of Madagascar,was little known to the world until a boom in trade between the Asia and Africa suddenly found customers clamoring for local offshore services. Having passed its offshore law in 1994, Seychelles was ready to take customers on. And though it still often loses customers to the much more developed Mauritius, the Seychelles has used the increased interest to build up the infrastructure and the abilities it needs if it wants to compete with the top offshore destinations world wide....

CORPORATE & FIDUCIARY OVERVIEW - EXECUTIVE SUMMARY 2014

By Jeffrey CHEN, practicing lawyer in Shanghai1 China Overseas/Outbound Direct Investment (ODI) China outbound direct investment took off in the 2000s as a result of the government oing out policy, which aimed at making China the champion among international players.  Benefiting from a strong support of state and banks, more and more Chinese enterprises are looking overseas and joining the global competition. Almost all of the active investors in China have recognized that the global financial crisis has provided them with opportunities to expand their business and invest overseas at a lower cost. Despite the rapid growth of Chinese outbound...

EXPERT INSIGHTS 2020

By Zhao Xiao Hong. Chinese companies listed ashore are now facing a peculiar ordeal: were they to maintain their stance as a rising star among other players in the capital market or should they follow their inevitable course otherwise, and be downgraded into being someone else's short-selling tool. While the glory of a successful listing has yet to be fully enjoyed, these Chinese companies were already thrown to face harsh criticisms, auditors' resignations, questioned, dumped, delisted, and even sued. Today, a quick glance around the sidewalks of Wall Street, one will not be surprised to find, aggressive research institutions and...

EXPERT INSIGHTS 2020

Country:                    Mauritius Region:                      Indian Ocean, Africa Currency:                   Mauritian rupee (MUR) (Rs) Languages:                English, French Time Zone:                 UTC +4 Phone Code:              +230 Communications:      Very Good Formation Cost:        2300 - 3900 USD$ Formation Time:       12 - 20 days Maintenance cost:     1100 - 1900 USD$ Sugar (well it has to come from somewhere) remains the dominant crop and accounts for one third of exports. Export-oriented domestic manufacturers and service...

JURISDICTION 2019