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Does National identity play a role in shaping entrepreneurship and business operations.

Cultural Values and Attitudes National identity influences the cultural values and attitudes toward business and entrepreneurship. In cultures that celebrate innovation, risk-taking, and individualism, entrepreneurs may feel encouraged to start businesses and experiment with new ideas. Conversely, in cultures that prioritize stability, conformity, or collectivism, there may be less support for entrepreneurial endeavours, leading to

The Benefits of Trading Through an LLP in the UK Over a Sole Trader or Private Limited Company

When considering the best structure for conducting business in the UK, entrepreneurs often weigh the benefits of operating as a sole trader, forming a private limited company (Ltd), or establishing a Limited Liability Partnership (LLP). While each structure has its advantages, an LLP offers unique benefits that make it an attractive option, particularly for professionals

The new financial year

As the new tax changes, announced in the October budget, come into force today (April 1st), it is important that business owners and high-net-worth individuals understand what has changed. Here is some insight into those changes, and how best to move forward into the 2025/26 financial year.   For businesses The increasing employer national insurance

The importance of offshore trusts

In an increasingly globalised world, protecting and managing wealth across borders has become a priority for high-net-worth individuals and families. Offshore trusts offer an effective means of preserving wealth, ensuring privacy, and facilitating smooth succession planning. Understanding what an offshore trust is, who the key parties are, and the implications involved is essential before establishing

Is It Worthwhile Incorporating in Andorra if you are UK Tax Resident

Incorporating a company in Andorra as a UK tax resident involves understanding the various types of corporate structures available, their respective regulatory and taxation frameworks, and the implications for UK tax obligations. This article provides an overview of these aspects to guide UK residents considering such an endeavour.​ Andorra offers several corporate structures suitable for business

UAE: The Benefits and Downsides of Incorporating a Company in UAE Free Zones or Mainland for UK-Controlled Entities

The United Arab Emirates (UAE) has established itself as a global business hub, attracting foreign investors through its 17 Free Zones, each tailored to specific industries. These Free Zones offer attractive incentives such as full foreign ownership, tax advantages, and simplified business setup processes. However, businesses that are controlled from outside the UAE, particularly from

Ensuring you and your offshore company remains compliant in 2025

For individuals or businesses with offshore companies, it is vital to complete a timely renewal to maintain compliance, safeguard assets and sustain operational efficiency. Offshore companies, much like the onshore counterparts, must adhere to jurisdictional specifications and requirements. This often requires annual reviews and renewals. The process is more than just administrative, it plays a

MOVING FORWARD FROM THE OCTOBER BUDGET

As the aftermath of October’s budget announcement settles down, businesses, high-net-worth-individuals and non-domicile residents are looking to review their current strategies and make changes where necessary. This is especially important as we move towards the end of 2024, and many begin planning for the end of the financial year in March. To make the most

Turner Little and its affiliates do not provide tax, legal or accounting advice. Material on this page has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.