As of 1st June 2023, the United Arab Emirates (UAE) is to introduce corporation tax rate of 9%. While this rate is still considered low within a global context – the UK’s corporation rate is rising to 25% – many may consider there is a strong argument that UAE is no longer as attractive a
As of October 2022, the UK is facing economic uncertainty with inflation in double digits and the threat of a looming recession. With three Prime Ministers in three months, there is also doubt over the stability of our ruling Government. While much of it is out on control there are still options open to both
The UAE is well known for being one of the most financially attractive locations worldwide, with a diversified economy and a unique low tax regime, making it ideal for structuring a company. However, the UAE was recently added to the Financial Action Task Force ‘grey list’, to ensure the government takes steps to better align
In an increasingly connected world, the rise of an offshore company is hard to miss. Gone are the days when businesses were restricted to their country of origin. Instead, thousands of business owners are waking up to the favourable conditions of offshore companies, such as tax efficiency, structural flexibility, and better privacy. Now, you’re probably
You’ve got a great business idea, you’ve done your research, and now you want to set up an offshore company. But where do you start? Offshore company formation can be a complicated and tedious process when going at it alone, with multiple documents and many do’s and don’ts to consider. To utilise your time in
One of the world’s largest cryptocurrency markets, China, has ruled that transactions of cryptocurrencies are illegal, banning all digital tokens such as Bitcoin and other major coins. According to a notice published on The People’s Bank of China’s website, it means crypto-related transactions will be considered illicit financial activities. While it may be illegal for
Hong Kong is famous for its towering skyscrapers and equally impressive, centuries-old temples, but there’s more to Hong Kong that makes it popular. Hong Kong is also home to a well-established private wealth management industry with extensive experience in serving high-net-worth individuals (HNWIs) from China and other Asian countries. As such, Hong Kong has long
Famed for its political neutrality, Switzerland is the world’s largest wealth management centre for international assets, according to Deloitte Wealth Management Centre Ranking. The ranking analysed global wealth management centres by size, performance, and competitiveness, placing Switzerland ahead of many thriving wealth management hubs, including the UK, USA, and Singapore. So, what makes Switzerland the
Singapore is one of the world’s leading offshore wealth management hubs, with the fastest-growing population of high-net-worth individuals who are further strengthening the city-states wealth. The Singaporean government has done much to boost brand ‘Singapore’, cementing its world-renowned reputation and offering tax-incentive schemes to families and businesses from across the globe. The city-state also offers
The coronavirus pandemic has changed the work landscape, and the perception of remote work. Having a choice of work environment and location has now become a key factor for those in search of a better work-life balance. Companies across the globe are also more likely now, than ever before, to access freelancers both for cost
