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.

UK Bribery Act - prosecution

13 Jan 2015
I have blogged previously about the implications for offshore companies of the Bribery Act and the offence of a commercial organisation failing to prevent bribery. Read The Bribery Act 2010: adequate procedures Read The Bribery Act 2010: implications for offshore jurisdictions Since the coming into force of the Act there has been a perception that the Serious Fraud... Read More AboutUK Bribery Act - prosecution »

By Philip Jacques

Cyprus expands double tax treaty network

07 Jan 2015
Cyprus’ double tax treaty network has been expanded with three new agreements with Spain, Lithuania and Norway becoming effective as of January 1, 2015, boosting the island’s services sector which could be hit by Russia’s recent de-offshorisation measures. New treaties were also signed with Switzerland, Guernsey and Iceland in 2014, but these will only enter into force once both sides... Read More AboutCyprus expands double tax treaty network »

By Richard Melton

Transparency International's Corruption Perceptions Index

06 Jan 2015
Transparency International's Corruption Perceptions Index for 2014 has been published. The index is the leading global indicator of public sector corruption and ranks countries and territories on a scale of 0 (perceived to be highly corrupt) to 100 (perceived to be very clean). Denmark, New Zealand and Finland make up the top three but none of them get a perfect score, and more... Read More AboutTransparency International's Corruption Perceptions Index »

By Philip Jacques

Cyprus & US sign FATCA Intergovernmental Agreement

17 Dec 2014
On 2 of December 2014, the US and Cyprus governments signed an intergovernmental agreement (the “ IGA ”) for the purposes of the application of the Foreign Account Tax Compliance Act (“ FATCA ”). The IGA provides for the automatic reporting and exchange of information in relation to financial accounts in Cyprus financial institutions held by US persons, and the reciprocal exchange of... Read More AboutCyprus & US sign FATCA Intergovernmental Agreement »

By Philip Jacques

UK: sensitive company names regulations published

09 Dec 2014
The Company, Limited Liability Partnership and Business Names (Sensitive Words and Expressions) Regulations 2014  have been published, together with an explanatory memorandum . The Regulations revoke and replace The Company, Limited Liability Partnership and Business Names (Sensitive Words and Expressions) Regulations 2009 and contain a shorter list of the sensitive words and... Read More AboutUK: sensitive company names regulations published »

By Philip Jacques

More Positive News for Cyprus

04 Dec 2014
Cyprus is expecting 0.5 per cent growth in 2015, with this year’s slowdown being shallower than expected, the Central Bank of Cyprus (CBC) Governor told the country’s parliament on Monday. This follows a European Commission forecast predicting a 2.8 per cent contraction in the island’s economy this year – an improvement on a previous forecast of 3.2 per cent. Cyprus was bailed out to... Read More AboutMore Positive News for Cyprus »

By Richard Melton

Benefits of Hong Kong companies

28 Nov 2014
The Hong Kong company is an attractive corporate vehicle for international trade and benefits from a favourable legislative regime for holding companies. Jordans have recently opened an office in Hong Kong and can incorporate Hong Kong companies , whilst providing preliminary advice and related corporate services. Consider the following advantages of Hong Kong companies: ... Read More AboutBenefits of Hong Kong companies »

By Stefano Iacono

‘My Second Home’ MM2H Programme fuels Asian immigration

18 Nov 2014
It was a pleasure to attend the inaugural Fragomen Global Investor Summit at Claridges in London, craftily timed to coincide with the increase in the UK Tier 1 investment to £2,000,000. Speakers from a broad variety of countries, ranging from Caribbean Islands, to Asia, Australia and Europe discussed the characteristics, advantages and some pitfalls of each scheme.  It quickly... Read More About‘My Second Home’ MM2H Programme fuels Asian immigration »

By John Swann

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

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

30 Oct 2014
Since the introduction of the BVI Business Companies Act, 2004, under section 98, every BVI company has been required to keep records that are sufficient to show and explain the company’s transactions; and will, at any time, enable the financial position of the company to be determined with reasonable accuracy. These requirements were extended in 2012 with the inclusion of section 5A in... Read More AboutWhat financial records are required to be held by a BVI business company? »

By Amy Roost

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