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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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We are pleased to introduce to you Cyprus as the point of access of Chinese individuals and businesses to Europe which offers: Immigration access of Chinese individuals to Europe through the Fast-Track Cyprus Permanent Residency Application and Cyprus passport, The ultimate business environment for moving business to Europe Businesses and investors can take many benefits that contribute to the success of business by establishing Cyprus companies and Trusts in Cyprus. Cyprus geographic position, the stable legal system, the favourable tax system with the lowest corporate tax in Europe at 10%, the excellent network of double-tax treaties and the stable legal...

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Development of the financial center. Having got independence after break-up of the USSR in the early 90s of the last century, Latvia has actively started developing export of financial services. That was facilitated by external orientation of small, yet flexible Latvian economy, favorable and liberal legislation, absence of currency control and restrictions on the capital flow. Emergence here of the first banks on the post-Soviet area very fast secured the country's status as a regional banking center for Russia and other CIS countries. With its entry into the European Union in 2004, Latvian financial services have become ever more successful...

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Cyprus is one of the largest islands in the Mediterranean. It is the most South-Eastern part of the European Union. Due to its location, Cyprus has always been at the cross-roads between the East and West and a prized trading post between the Middle East, Africa and Europe.  In recent years, as a result of its good all year round climate and pristine beaches and seas, Cyprus has evolved as a very popular tourist destination. The location of Cyprus makes it the most natural and obvious connection between the three continents, which coupled with the attractive legal, fiscal (tax) and...

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Artha Trust reg. is an internationally active, concessionary trust company in the Principality of Liechtenstein and is also a member of the Liechtenstein Association of Professional Trustees. Taking account of company law considerations, we offer individual organisational structures. Law of succession and tax law aspects can be accommodated according to individual needs, by integration into specifically customised structures. Our core business lies in the fields of organisation / administration of legal entities and their accounting records and bank accounts. We cooperate with the most reputable and major banks in Liechtenstein and Switzerland. We offer extensive services and contacts in the following...

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The importance of wealth. Wealth is important, irrespective of its size. For their respective owners, small fortunes are as important as large ones. The higher the number of more or less wealthy people, the higher the stability of the accumulated savings of an economy. In consequence, wealth preservation is not only important to a small group of high-net-worth individuals and families, but even more relevant to a broad number of members of a prosperous and successful middle class. Family wealth influences social, cultural, educational and scientific improvement by launching institutions which support the progress and well-being of society. Long-term private...

SPONSORED CONTENT 2020