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By La Poudriere LawThe Republic of Seychelles consists of 115 islands spanning an archipelago in the Indian Ocean, covering a land area of about 455 km².These islands have an Exclusive Economic Zone of 1.4 km. It extends from between 4 and 10 degrees south of the equator .It is 4 hours forward of GMT. The Seychelles legal system is based mainly on the English Common Law, while the Civil Law stands on the French. Seychelles is economicallyandpolitically stable and is a member of diverse world organisations which include the Indian Ocean Commission (IOC), the African Union, the Commonwealth, the International...

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By HarneysTime to incorporate a company where in the world to go? If you are investing into China or intending to list in Hong Kong then you will likely choose a BVI or Cayman company. Even with Hong Kong recent modernization of the law, our core jurisdictions offer investors certain corporate flexibility the boutique experience - that is unrivalled elsewhere. We offer significantly lower taxes, less onerous regulation and greater privacy than most Asian jurisdictions; the identity of shareholders and directors is not public. We impose no auditing or reporting requirements or foreign exchange restrictions. Companies may give financial assistance...

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By Globalex ChambersMauritius is the number 1 place to do business in Africa according to the World Bank Doing Business Report and other reputable publications including The Wall Street Journal and Forbes Best Countries for Business. Mauritius also ranked 1st in the Ibrahim Index of African Governance ever since its inception. The reasons behind the prominence of Mauritius as the place to do business are many-fold. Being in Mauritius is being in Africa! Mauritius is a member of major African regional organizations such as the Common Market for Eastern and Southern Africa (COMESA), the Southern African Development Community (SADC), the...

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Malta has experienced consistent growth in the funds sector since the jurisdiction's accession to the EU in 2004, such that today it is legitimate to consider the country as a mature, well-established domicile rather than an emerging one. In fact the jurisdiction now hosts around 700 funds pursuing a variety of strategies, as well as a complete ecosystem of support services providers such as fund administrators, law firms and audit firms. The sector has now evolved to the point where managers are not just using the country as a domicile for funds, but are also increasingly looking at the jurisdiction...

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By Simon Filmer Trusts are an alien concept to many Chinese high net worth individuals but these structures represent an attractive option for a generation of entrepreneurs looking for succession planning solutions offshore. The prototype Chinese HNWI is first-generation wealthy - an entrepreneur who has built his fortune in recent years. He is also likely to be concerned about threats to his wealth, and for good reason. "Know your client" is common parlance in financial services:  It is generally used in the context of compliance, and involves obtaining sufficient knowledge and supporting documentation to ensure that individuals and companies are who they...

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By Claire van den Heever. The first decade of the new millennium in China was, by no means, lacking in remarkable growth statistics, but as China's phenomenal growth continues into twenty-first century, the country's proliferation of millionaires has generated some of the most astounding figures to date. The number of individuals in China with a net worth of over ten million yuan - significantly above a million dollars - was just 124,000 in 2001, compared to 960,000 in May last year, a staggering eightfold rise. China's dollar millionaires can afford the very best in healthcare and education and have the...

2020

By Raymond Davern. A Flourishing Trusts Jurisdiction. The British Virgin Islands ("BVI") has had a flourishing trusts sector for over 50 years beginning with the enactment of the Trustee Ordinance in 1961 which was based on English trust law at that time. Since then, BVI trust law has twice been substantially modified by legislation designed to enhance the flexibility and utility of the trust product as a wealth management vehicle.   These factors, coupled with the comparatively low cost of establishing and maintaining BVI trust structures have made the BVI a popular choice for settlors seeking to manage their wealth...

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By Henry Mander. The British Virgin Islands ("BVI") forms an archipelago of approximately 60 islands in the middle of the Caribbean chain. For a number of decades it has been one of the world's leading international finance centres, having formed or registered in the region of 950,000 corporate vehicles, limited partnerships, trusts and other structures.  In 2000 the British Foreign & Commonwealth Office commissioned the accounting firm KPMG to conduct a survey of the British offshore territories and the subsequent report indicated that amazingly 41 percent of the world's offshore structures were registered in the BVI. This was followed by...

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