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What are the advantages of the jurisdiction for Chinese investors? IOM has a first-class reputation as a well regulated international finance sector, particularly suited for investments into London and elsewhere in the UK or the EU from China.IOM Companies have had considerable use as vehicles for IPOs, listing on the FTSE main market and AIM, and can also be listed on the HKSE. Companies can hold accounts in any currency. The IOM can be utilised as a gateway to the European Union for trading purposes, and is often the most efficient way of bringing goods into the EU from China....

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Austria, at the gateway between East and West, is a perfect hub for making investments into foreign countries tax efficiently. For being able to obtain the benefits of the Austrian Holding Tax Regime there is no need for a special purpose company but any Austrian corporate entity like a GmbH (company with limited liability) or AG (stock corporation) as well asAustrian permanent establishments of European corporate entities can benefit from the Austrian Holding Privilege. What are the key features of that Austrian holding regime ? Domestic holding: Intercompany dividends paid between two Austrian companies are tax exempt in the hands...

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Latvia is a small and cozy country on the coast of the Baltic Sea. It is a member state of the European Union, a member of WTO, and is part of the Schengen area. The country will enter the euro zone at the beginning of 2014. Lately, amid European crisis, the Latvian economy demonstrates positive dynamics, thus making it more attractive for foreign investors. The scope of foreign direct investment into the country is constantly growing. At that, an unique nature, sea, pine trees, beautiful architecture, ranging from medieval castles and streets in Old Riga to exquisite Jugend style buildings,...

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Latvia has a well-developed banking network, with 29 banks currently operating. The Latvian banking system is characterised by stability and relatively liberal financial legislation. Accounts with banks in Latvia may be opened by local residents as well as by citizens of most countries throughout the world. Criminal liability is envisaged in Latvia for disclosure of a bank secret. The Law on Credit Institutions (apart from specific, strictly stipulated cases, e.g. a criminal investigation), information about customer accounts may not be provided to third parties or to state authorities. Currency operation volumes are not limited. Latvian banks provide customers full financial...

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Legal status of an Austrian private foundation The Austrian Private Foundation is a corporate entity per se, it has no shares and no shareholders. It comes into existence with the help of a notarial deed whereby the founder can establish the foundation on an irrevocable or revocable basis. It is important to note, that only individuals acting as founders can revoke a foundation. Nevertheless both juridical persons or individuals as founders can at any time amend both the public charter as well as the non-public by-laws. The charter of the foundation is a public document and governs general topics like the name...

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Russell Clark, partner and head of Carey Olsen fiduciary group in Guernsey, explores the development of Guernsey new foundations law and the unique qualities that the Guernsey foundation brings to international markets. January 2013 saw the introduction into Guernsey law of the foundation. Trusts, an invention of English law, were introduced into Guernsey law in the nineteenth century and Guernsey now has a well established reputation for trust administration. Together with private banking, insurance and investment fund business trust administration forms a mainstay of Guernsey's well-renowned finance industry. Although foundations were known to Roman law they are, in the context...

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Cyprus has maintained its position as a leading international business centre which through its array of high caliber services and business friendly environment builds bridges connecting countries and businesses across the globe. Its favorable geographical location at the crossroads of three continents- Europe, Africa and Asia- enables Cyprus to be a natural business hub. Thus, not only does it pose an attractive gateway into Europe by virtue of both its geographical location and EU Membership, but it also offers attractive opportunities for investment into the CIS countries, Africa and Middle East. There are various reasons why Cyprus can be the...

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By Nick Tsilimidos In late 2011 the Council of Ministers of the Republic of Cyprus laid down the criteria and conditions for the naturalisation of foreign investors and entrepreneurs by exemption. Since then, Cyprus has firmly entered into the ever competing field of residence and citizenship planning.  Citizenship by investment, which is the term widely coined for accelerated investment schemes which lead to alternative citizenship and a second passport with limited residency requirements, aims predominantly to entice foreign investors, entrepreneurs and high net worth individuals.The reasons for obtaining an alternative citizenship and seeking residence solutions are many and the demands...

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