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Economic Substance Requirements for Cayman Islands Companies

The Cayman Islands International Tax Co-operation (Economic Substance) Law, 2018 (the “Economic Substance Law”), which is part of the OECD's global Base Erosion and Profit Shifting (BEPS) initiative, was passed on 17 December 2018 and came into effect on 1 January 2019. The Economic Substance Law will be implemented, including by further regulations and guidance to be provided, by the Cayman Islands Tax Information Authority (“TIA”). All international offshore financial centres (including Bermuda, BVI, Jersey, Guernsey and Hong Kong) already have or will implement similar legislation. To whom does the new Economic Substance Law apply? All companies incorporated under the...
中文

Overseas Fund Strategies: Investing in Periods of Uncertainty

Lately, an increasing amount of investors have asked us what will happen in the US real estate market.  “Is the real estate market going to hold up?” “What’s going to happen with the 2020 election?” “Do you think the Fed will continue hiking rates?” “Are markets going to adjust?” All good questions.  We usually throw it right back and ask, “What do you think?  Let’s walk through the scenarios together.” The investors usually reference data points they gathered and talk about the long bull cycle, the dynamics in the US government, recent stock market volatiliy, but struggle to come up...

Profile - Cayman Islands

Executive Summary:Cayman is the largest offshore banking centre in the world, and the second largest offshore captive insurance base after Bermuda. There are no direct or indirect taxes; government revenue comes from customs duties, stamp duty and annual fees levied on corporations. A recent attempt by the administration to impose a payroll tax was withdrawn in favour of a substantial increase in work permit fees. It is thus difficult and expensive to employ expats. The economy is highly dependent on tourism and financial services. Since the opening of the Cayman Islands Stock Exchange in 1997, mutual funds have become a growing...
中文

Switzerland: More Than an International Private Wealth Management Center

For many people, Switzerland is both miraculous and mysterious. In films, we frequently see scenes like this: one of the richest people in the world walks quietly into a private bank in a street corner in Switzerland, where he has deposited a hefty chunk of cash. Switzerland has a national territorial area of more than 40,000 km2. It is a little larger than Hainan Province, a little smaller than the Ningxia Hui Autonomous Region, and about half the size of Chongqing, China. Switzerland has a population of over eight million, which is equivalent to the population of Shandong Province’s Jining...
中文

SEYCHELLES TRUSTS AND FOUNDATIONS

Seychelles trusts are provided for by the International Trusts Act, 1994. A trust is created when the owner of the assets (the settlor) transfers ownership of those assets to a trustee to hold and administer under the terms of a trust deed for the benefit of one or more beneficiaries or for a charitable or other purpose. As the assets of a trust are not the property of the settlor, trusts are useful vehicles for wealth management purposes including to hold and protect family wealth and for ‘outside estate’ succession planning. Although a Seychelles trust is registered with the Seychelles Financial Services Authority...
中文

Economic Substance Requirements for Cayman Islands Companies

The Cayman Islands International Tax Co-operation (Economic Substance) Law, 2018 (the “Economic Substance Law”), which is part of the OECD's global Base Erosion and Profit Shifting (BEPS) initiative, was passed on 17 December 2018 and came into effect on 1 January 2019. The Economic Substance Law will be implemented, including by further regulations and guidance to be provided, by the Cayman Islands Tax Information Authority (“TIA”). All international offshore financial centres (including Bermuda, BVI, Jersey, Guernsey and Hong Kong) already have or will implement similar legislation. To whom does the new Economic Substance Law apply? All companies incorporated under the...
中文

Overseas Fund Strategies: Investing in Periods of Uncertainty

Lately, an increasing amount of investors have asked us what will happen in the US real estate market.  “Is the real estate market going to hold up?” “What’s going to happen with the 2020 election?” “Do you think the Fed will continue hiking rates?” “Are markets going to adjust?” All good questions.  We usually throw it right back and ask, “What do you think?  Let’s walk through the scenarios together.” The investors usually reference data points they gathered and talk about the long bull cycle, the dynamics in the US government, recent stock market volatiliy, but struggle to come up...
中文

Evis Hadjipetrou

Evis is director of China market for the biggest privately owned property developer PAFILIA in Cyprus. .He graduated from London School of Economics and Political Science. He has full experience in sales and business development in Russia, Europe, Middle East, United Kindom, Canada and Asia. COMPANY INTRODUCTION Founded in 1977, Paflia is the largest privately owned residential developer in Cyprus, dedicated to developing world-class properties for personal living and investment. With over 40 years’ experience, Pafilia is Cyprus’ leading luxury property developer with award-winning projects and a comprehensive property portfolio including Minthis, the island’s most exclusive golf resort and ONE,...