BUSINESS
UAE ‘at risk’ of joining Malta on FATF grey list over AML concerns
According to a Bloomberg News report, the UAE is at risk of being placed on the EU's Financial Action Task...
Open a professional bank account in the UK
Bank account in the UK Despite what we you can read on internet, the opening of a bank account in the United Kingdom is no longer possible for non-residents, and professional accounts is not an exception! But why this refusal from the British banks? The problems of...
Why create an offshore company
What is an offshore company? An offshore company is a company that is located outside your country of residence, mostly in a fiscally advantageous jurisdiction. It enables not to pay a lot of taxes and is not allowed to interfere in the businesses of its jurisdiction....
ECONOMY
Britcoin – what is it? Advantages and disadvantages.
Laith Khalaf, head of investment analysis at AJ Bell claimed that Britcoin could cause giant disruption in...
Why Cayman is experiencing a surge in trust registrations
The renewed interest in Cayman Islands trusts is driven by a number of key reasons, including the rigor of the law, the quality of the judicial system, and the strength of the financial intermediaries that support the island trust industry. Judith Chatu According to...
Automatic Exchange of Informations – Offshore Taxation
It is in February 2014 that the G20 nations sign the NCEA: Common standard for automatic exchange, premises of a new fiscal exchange agreement. Two years later, almost more than 100 countries are adopting the automatic exchange of information, initially promoted by...
Banking anonymity: myth or reality?
The fight against tax evasion and money laundering makes banking anonymity increasingly complex and even impossible in some jurisdictions. The automatic exchange of information put in place by the OECD in 2014 is one of the main reason. This agreement forces the banks...
The Gulf crisis and the Qatar : a great offshore lesson !
Since Monday, 5 June 2016, the Gulf countries with Egypt have ceased all diplomatic relations and have applied various sanctions to Qatar. The Qatari government is officially accused of funding and encouraging several terrorist groups in the Middle East region. The...
ALL OUR NEWS
Cardano predicted to reach all-time highs, hit Bitcoin and Ether
Cardano, a cryptocurrency rivaling Ethereum, is expected to reach all-time high of $2 before the end of...
Jersey to close tax loophole on property transactions
Standard Life Bank Isle of Man was fined £247,324 after an investigation by the Island Financial Services...
Standard Bank fined by Isle of Man regulator over serious regulatory failings
Standard Life Bank Isle of Man was fined £247,324 after an investigation by the Island Financial Services...
What Is An Umbrella Company?
When you are an entrepreneur, you may be regularly asked how you are going to provide your services to your...
UK ‘seizure’ of NFTs more symbolic than efficient in recouping funds
The UK's HM Revenue & Customs tax authority has ‘seized’ three Non-Fungible Tokens (NFT) after an...
Cash to crypto asset class outlook for 2022
Laith Khalaf, head of investment analysis at AJ Bell looks at some of the key factors which will influence...
French Budget targets trusts in low tax jurisdictions
An article recently added to the 2022 French budget extends the scope of anti-tax avoidance rules to certain...
Indian equity and energy funds take the top spot for 2021 returns
Indian equity and energy-focused funds achieved a u-turn in their 2021 performance compared to the previous...
UAE ‘at risk’ of joining Malta on FATF grey list over AML concerns
According to a Bloomberg News report, the UAE is at risk of being placed on the EU's Financial Action Task...
Bitcoin is Slowly Taking Gold’s Market Share
Goldman Sachs: Bitcoin is Slowly Taking Gold’s Market Share After criticizing that Bitcoin is not a good...
RECENT POSTS
Jersey to close tax loophole on property transactions
Standard Life Bank Isle of Man was fined £247,324 after an investigation by the Island Financial Services Authority found "serious regulatory violations". The IOMFSA required Standard to pay a discretionary civil penalty imposed under section 16 of the Act and in...
Standard Bank fined by Isle of Man regulator over serious regulatory failings
Standard Life Bank Isle of Man was fined £247,324 after an investigation by the Island Financial Services Authority found "serious regulatory violations". The IOMFSA required Standard to pay a discretionary civil penalty imposed under section 16 of the Act and in...
What Is An Umbrella Company?
When you are an entrepreneur, you may be regularly asked how you are going to provide your services to your clients. This means whether you are going to contract through a PAYE agency, through your own shareholding company, or through an umbrella company. To be able...
UK ‘seizure’ of NFTs more symbolic than efficient in recouping funds
The UK's HM Revenue & Customs tax authority has ‘seized’ three Non-Fungible Tokens (NFT) after an investigation into suspected VAT tax fraud involving 250 alleged fake companies. HMRC reported that three people had been arrested on suspicion of attempting to...
