Jordans Trust Company blog

Our blog will keep you up-to-date and reliably informed about the latest insights and news from the world of business.

Succession planning in British Virgin Islands: the use of reserve directors

24 Oct 2014
The concept of reserve directors is extremely useful when considering succession planning in the BVI. The legislation of the BVI allows for a single person company to be incorporated. That is, one individual (the “Investor”) can be both the sole director and the sole member of a company. While this flexibility is very helpful for the running and administration of the company, it can... Read More AboutSuccession planning in British Virgin Islands: the use of reserve directors »

By Philip Jacques

What does HMRC’s changing approach mean for Tax Professionals?

13 Oct 2014
Recently HM Revenue and Customs (HMRC) has sought to increase its powers to access tax payers’ accounts if they suspect that insufficient tax has been paid. This is raising concerns with accountants nationwide. Some accountants feel that it signals a hardening of attitude in these cash-strapped times, driven by the need to balance the books in the current climate of austerity. ... Read More AboutWhat does HMRC’s changing approach mean for Tax Professionals? »

By Claire Fletcher

Does the “Foreign Account Tax Compliant Act” affect you?

13 Oct 2014
How FATCA applies to UK, BVI, Cyprus and Seychelles companies and trusts. Read More AboutDoes the “Foreign Account Tax Compliant Act” affect you? »

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

Seychelles as a trust domicile

30 Sep 2014
Practioners in offshore tax planning and structuring arrangements should take note of the facilities Jordans Trust Company can offer in Seychelles.   With Russian CFC rules imminent and an increasing focus by high net worth clients in the African and Asian markets on succession planning, the ability of Jordans to provide trusts and foundations managed in Seychelles has... Read More AboutSeychelles as a trust domicile »

By Martin Palmer

UK: Service addresses and confidentiality for directors

15 Sep 2014
The Companies Act 2006 introduced a very useful mechanism by which a director can keep his residential address confidential. This is done by providing both a service address and a residential address to the Registrar. Only the service address will be publicly available; the residential address being included only on a secure register with access limited to certain public authorities and... Read More AboutUK: Service addresses and confidentiality for directors »

By Philip Jacques

UK: Guidance on electronic signatures

10 Sep 2014
The UK Government has recently issued guidance on the use of electronic signatures, including what they are, how to use them and the different types available. The challenge of electronic signatures has been to find the electronic equivalent of a written signature. The Government’s guidance seeks to address this issue. The Guidance states that electronic signatures come in various... Read More AboutUK: Guidance on electronic signatures »

By Philip Jacques

Italian Supreme Court rules: Italian jurisdiction prevails over foreign jurisdiction

05 Sep 2014
Le Sezioni Unite della  Corte di Cassazione , the Italian Supreme Court of Cassation 1 , has exercised its power by ruling that Italian jurisdiction prevails over foreign jurisdiction.  The court stated 2 that Italian Courts are allowed to hear cases involving pecuniary losses which arise from a trust and involve Italian citizens.  This ruling is regardless of whether... Read More AboutItalian Supreme Court rules: Italian jurisdiction prevails over foreign jurisdiction »

By Rudi Floreani

Six reasons why Cyprus is good for Royalty Companies

29 Aug 2014
Cyprus can be very attractive for establishing a royalty company thanks to its competitive local tax-regime , access to EU Directives and its impressive network of Double Taxation Agreements (DTAs). In January 2012, Cyprus introduced new rules on the taxation of income from intangible assets with a view to establishing itself as a primary choice jurisdiction for royalty holding... Read More AboutSix reasons why Cyprus is good for Royalty Companies »

By Richard Melton

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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