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Gibraltar: QROPS – The Exportable Pension - The Sovereign Group

Thu, 19 Nov 2009 00:00:00 GMT

Anyone reading the international expatriate press in recent months may will have come across a curious 5 letter acronym – QROPS.

United States: IRS Takes Aim At Offshore Services To The Oil & Gas Industry - Fulbright & Jaworski LLP

Wed, 18 Nov 2009 20:22:42 GMT

The IRS is aggressively targeting foreign companies and the U.S. companies that hire them to perform offshore services for the oil and gas industry on the Outer Continental Shelf in the Gulf of Mexico.

Canada: Taxation Law @ Gowlings - November 16, 2009 - Gowling Lafleur Henderson LLP

Wed, 18 Nov 2009 00:00:00 GMT

The Income Tax Act does not provide a formula for determining the residency of a trust. Instead, the development of a test of trust residence in Canada has been left to the courts.

Liechtenstein: Tax Information Exchange Agreement (TIEA) And The Related Memorandum Of Understanding (MoU) Concluded Between The United Kingdom And Liechtenstein On 11 August 2009 - Allgemeines Treuunternehmen

Tue, 17 Nov 2009 15:36:23 GMT

Contrary to Switzerland where the Swiss Financial Market Authority (FMA) transferred client data on the basis of “fishing expeditions” (John Doe-summons - UBS case), Liechtenstein has never done this without court order, and only on the basis of sufficient case-by-case specification.

Gibraltar: Re-Domiciliation Of Companies In Gibraltar - Form A Co

Tue, 17 Nov 2009 14:08:03 GMT

However, the trend has been for an increasing number of countries worldwide to introduce procedures for the Re-Domiciliation based on reciprocity. As a result, not all of the territories falling into the categories listed above will, in practice, accept the Re-Domiciliation of their companies to Gibraltar without there being a reciprocal measure entered on the Gibraltar legislation.

Gibraltar: Asset Protection and Probate Avoidance Plan - Form A Co

Tue, 17 Nov 2009 14:07:44 GMT

Many people like the idea of transferring their wealth into a trust but are hesitant to do so simply because, once they've given their wealth away, they can't get it back. The APPA (Asset Protection and Probate Avoidance plan) is designed to overcome this problem. Instead of your wealth being in the name of a trust, you put it in the name of a company and you retain exactly the same rights over that wealth that you would do if it remained in your name.

Gibraltar: Advantages And Procedures For The Registration Of A Yacht In Gibraltar - Form A Co

Tue, 17 Nov 2009 14:06:57 GMT

Gibraltar's situation at the gateway to the Mediterranean, its British Flag Registry and the facilities provided by all three of its marinas means that it is ideally placed to service all registration, mooring, repair and maintenance needs associated with the yachting world.

Bermuda: Limited Partnerships – Preserving Limited Liability In Foreign Jurisdictions - Conyers Dill & Pearman

Tue, 17 Nov 2009 00:00:00 GMT

When is a limited partner’s liability potentially unlimited? One answer may be: whenever the limited partnership operates outside its jurisdiction of formation – unless care is taken at the time of its formation.

Cayman Islands: Cayman In Calm Waters - Ogier

Tue, 17 Nov 2009 00:00:00 GMT

In recent weeks Cayman has received a lot of adverse coverage in some sections of the international media as reports of its domestic budgetary difficulties have been relayed by journalists and commentators with anti- Offshore Financial Centres agendas.

Guernsey: Dealing With HMRC Investigations Into Offshore Accounts - Ogier

Tue, 17 Nov 2009 00:00:00 GMT

This memorandum has been prepared for the assistance of our clients in connection with information notices issued by HM Revenue & Customs ("HMRC").

Guernsey: Guernsey Commended For Promotional Initiative In China - GuernseyFinance

Tue, 17 Nov 2009 00:00:00 GMT

The Chinese Ambassador to the United Kingdom has commended Guernsey’s promotional work in her homeland.

United Kingdom: Disclosure Of Offshore Assets - Speechly Bircham LLP

Tue, 17 Nov 2009 00:00:00 GMT

Following on from the 2007 Offshore Disclosure Facility, clients who have undisclosed offshore funds only have two further possible opportunities to provide details to HMRC and benefit from beneficial interest and penalty arrangements.

Guernsey: Guernsey’s Chief Minister Holds Talks With William Hague - GuernseyFinance

Tue, 17 Nov 2009 00:00:00 GMT

Guernsey’s Chief Minister, Lyndon Trott, has met former Conservative Party Leader and current Shadow Foreign Secretary, the Rt Hon William Hague MP, during his latest series of contact meetings in London.

Guernsey: The Offshore Jurisdiction Of Choice For Intellectual Property Rights - GuernseyFinance

Tue, 17 Nov 2009 00:00:00 GMT

Historically, the offshore world has been known largely for its financial services industries. Perhaps unsurprisingly, as a result of recent world events many offshore financial centres are looking to diversify their economic portfolios.

Guernsey: Channeling Your IP - GuernseyFinance

Tue, 17 Nov 2009 00:00:00 GMT

Guernsey is forging ahead with plans to introduce laws offering greater protection and exploitation of IP rights.

Guernsey: Lord Hunt Releases Review Of Guernsey’s Banking Industry - GuernseyFinance

Wed, 11 Nov 2009 00:00:00 GMT

“Success and Stability: A Strategic Review of Guernsey’s Banking Industry” has been published by Lord Hunt.

Guernsey: Guernsey’s Funds Industry Is Still Growing, Says Lipper - GuernseyFinance

Wed, 11 Nov 2009 00:00:00 GMT

Guernsey’s fund industry is robust and continues to attract business, according to research published by Lipper.

Guernsey: Why Guernsey Is A Popular Jurisdiction For Pension Schemes For The Mobile Client - GuernseyFinance

Wed, 11 Nov 2009 00:00:00 GMT

The Finance Act 2004 radically changed UK pensions. It heralded a raft of new measures aimed at simplification and came at a time when, across Europe, other jurisdictions were also realising that change was necessary to meet the rising costs of pension provision.

Guernsey: Has Guernsey Truly Earned Its Place As An International Insurance Centre? - GuernseyFinance

Wed, 11 Nov 2009 00:00:00 GMT

Guernsey has been at the forefront of the captive insurance industry in excess of 30 years.

Guernsey: Corporate Governance, Regulation And Life Post Credit Crunch In The Channel Islands - GuernseyFinance

Wed, 11 Nov 2009 00:00:00 GMT

One definition of ‘corporate governance’ is that it is ‘the process of regulating and overseeing corporate conduct and balancing the interests of all internal stakeholders and other parties who can be affected by the corporation’s conduct in order to ensure responsible behaviour by corporations and to achieve the maximum level of efficiency and profitability for a corporation.’

Cyprus: Cyprus - Italy Double Tax Agreement - Andreas Neocleous & Co LLC

Mon, 09 Nov 2009 09:00:11 GMT

Cyprus and Italy have signed an additional protocol to their agreement on the avoidance of double taxation. The additional protocol provides for the exchange of bank and other information based on the OECD Model Tax Convention.

United States: Foreign Account Tax Compliance Act Of 2009 – Congress Sets Its Sights On Overseas Tax Evasion - Morrison & Foerster LLP

Sun, 08 Nov 2009 09:00:29 GMT

On October 27, 2009, Senator Max Baucus (D-Montana) and Representative Charles Rangel (D-New York), chairmen of the Congressional tax writing committees, introduced the Foreign Account Tax Compliance Act of 2009 (the “Bill”) in the U.S. Congress.

Antigua and Barbuda: Antigua's Toxic Cocktail: Fact v Fiction - Information Management Solutions

Fri, 06 Nov 2009 00:00:00 GMT

In a culture where gossip is news, where questions are met with indignation instead of answers, and where, by law, the Ministers' definition of "public good" cannot be questioned, facts and fiction are readily and frequently intermingled in the Government's announcements and news releases.

Guernsey: Guernsey Welcomes Conclusions Of The ‘Foot Review’ - GuernseyFinance

Thu, 05 Nov 2009 00:00:00 GMT

The Guernsey Government has welcomed the final report of the ‘Foot Review’.

Guernsey: Guernsey Sees Early Business Prospects From Asia Visit - GuernseyFinance

Thu, 05 Nov 2009 00:00:00 GMT

Practitioners from Guernsey’s fiduciary sector are reporting that business opportunities for them in the Asian market are better than ever following the Island’s latest delegation to the region.