The economic substance legislation came into effect in January 2019 in the Crown Dependencies and overseas territories. It is designed to protect the reputation of offshore jurisdictions. It does this by ensuring that income streams from certain activities are based on actual local activity in order to substantiate the use of low tax jurisdictions. The […]
If you are an artist, designer, photographer or other creative entrepreneur, you will have likely come into contact with intellectual property, whether you know it or not. Intellectual property refers to the creations of the mind that are protected by law, enabling you to earn recognition and benefit financially from your inventions. So, how are […]
Intellectual property (IP) is the lifeblood of any business. Yet, many entrepreneurs fail to protect it when starting out, only to realise their mistake when it’s too late. “For many start-ups, IP is likely to be more valuable than that of physical assets. They are created using the mind and can come in the form […]
As any successful entrepreneur will know, having the right tools in place during the early stages of a new venture is essential. From structuring a team to attracting investors, it takes a lot of planning before a single product or service is sold. It is during these early development stages that you should also take […]
We’ll always remember 2020 as being the year that COVID-19 swept the world. Arriving at overwhelming speed and on an enormous scale, with organisations facing a paralysing volume of unfamiliar decisions that could have incredible, long-lasting effects. The rapid deployment of measures to prevent the spread of COVID-19 have had a clear impact on how […]
When you think of the term ‘offshore banking’, you’re probably associating it with the ever-looming stigma of tax evasion. But in reality, nothing could be further from the truth. Taking advantage of offshore banking and its benefits is perfectly legal in most countries worldwide. But what exactly is an offshore account? And how does it […]
People hold offshore trusts for a variety of different reasons, from controlling and protecting your family assets to tax and estate planning. But what makes a trust ‘offshore’? And what should you know before settling one? We’ve put together a list of considerations to give you the confidence you need, to explore your options further. […]
Making money is one thing, but protecting it is another – this is particularly true if you want to pass your assets onto your children. Any reputable bank, solicitor or lawyer will tell you that individuals who have amassed some form of wealth need to protect their assets, especially those with a high net worth. […]
The stock market is beginning to show signs of life as measures introduced to help businesses amid the pandemic begin to take hold, but much is still uncertain. There’s no doubt that the pandemic has affected most people’s finances. From the Bank of England’s decision to reduce its rates, to the potential loss of earnings […]
When you think of luxury property, custom architecture, attention to detail and opulent finishes come to mind. It’s no surprise high net-worth individuals who are considering acquiring luxury property, are also looking for access to luxurious activities such as high-end dining, shopping and the arts. James Turner, Director at company formation specialists, Turner Little, says: […]