Jordans Trust Company blog

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Entries with tag offshore tax planning .

Requirement to Correct: one last shot for your offshore matters and transfers to be in order

10 Feb 2017
The reporting of income or assets in UK tax returns relating to offshore matters will be under greater scrutiny by HMRC with the introduction of a harsher penalty regime. HMRC announced their plans for the under-reporting of UK tax assets outside the UK in December 2016, along with a final opportunity to make sure everything is in order, with the “Requirement to Correct” initiative. With... Read More AboutRequirement to Correct: one last shot for your offshore matters and transfers to be in order »

By Kate Saunders

Seychelles and Jersey Sign a Double Tax Agreement

12 Aug 2015
To develop closer economic ties the government of Jersey and the Republic of Seychelles signed a Double Tax Agreement (DTA) on the 28 th of July 2015. The signing of the DTA is a considerable event for both administrations and comes as part of Jersey’s ongoing initiative to enhance its taxation and economic co-operation with other countries. Whilst for the Republic of Seychelles... Read More AboutSeychelles and Jersey Sign a Double Tax Agreement »

By Connie Clark

Five reasons to use VISTA Trusts

13 Feb 2015
A trust is based on the separation of the legal ownership of trust assets (which is left with the trustees) with the beneficial or equitable ownership (which remains with the beneficiaries).  The general administration of the trust is conducted by the trustee and not the settlor or the beneficiaries. The main characteristic of a VISTA trust is that the general administration... Read More AboutFive reasons to use VISTA Trusts »

By Carolina Lacerda

Cyprus International Trusts and the Modern Concept of Beneficial Ownership

04 Feb 2015
The terms ‘Beneficial Owner’ and ‘Resident’ are key concepts in international treaty planning and are increasingly becoming analogous, with national laws and international conventions looking to deny benefits to a resident person (individual or company) of a contracting state who is not the true beneficial owner of a dividend, interest or royalty. The term ‘Beneficial Owner’ can be... Read More AboutCyprus International Trusts and the Modern Concept of Beneficial Ownership »

By Richard Melton

What financial records are required to be held by a Seychelles international business company?

14 Nov 2014
On 30 October my colleague, Amy Roost, posted a blog about the financial records that BVI business companies must keep. It is useful to contrast this with the requirements under the Seychelles International Business Companies Act, 1994 (the “Act”).    Under section 65 of the Act, a Seychelles IBC shall keep or cause to be kept proper ‘accounting records’:   (i)... Read More AboutWhat financial records are required to be held by a Seychelles international business company? »

By Philip Jacques

The strength of personal relationships and the rule of law

03 Oct 2014
In many countries there is a cultural tendency to put greater trust in the strength of personal relationships than in relatively abstract concepts such as legal structures. It’s a preference expressed by many Asian ultra-high net worth individuals, to have their hard-won wealth held by a trusted friend in a secret, undocumented nomineeship, rather than by a legally robust structure such as a... Read More AboutThe strength of personal relationships and the rule of law »

By Martin Palmer

OECD Model Tax Convention : 2014 update

04 Aug 2014
Important developments are occurring in international tax law which owners of UK, Benelux , Cyprus, Hong Kong and Seychelles companies should be aware of.  Companies registered and tax resident in these territories are potential beneficiaries of their double tax treaty networks. Potential benefits of double tax treaties include : exemptions from foreign... Read More AboutOECD Model Tax Convention : 2014 update »

By Martin Palmer

Seychelles: proposed new legislation for double taxation treaty access

21 Aug 2014
Under the International Business Companies Act 1994, a Seychelles IBC is not a tax resident of Seychelles and can therefore not be used to gain access to the benefits contained in the network of Double Taxation Agreements (DTAs) to which Seychelles is a party. The full list of DTAs can be found here. It was for this reason that the Companies (Special Licences) Act (“the CSL Act”) was... Read More AboutSeychelles: proposed new legislation for double taxation treaty access »

By Jenny Gontier
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