ARTICLES
Aviation Contracting
Aviation is a very general term when you look at all the employment opportunities covered by the field. To name but a few possible sectors; - Pilots/Cabin Crew - Technicians/Engineers - Handling Personnel - Management and Operations - Programmers - Security The first commercial flight was in January 1914, but as we quickly approach the [...]
Merchant Accounts for Online Business
In this modern age more and more business is being done via the internet. In order to process credit and debit card payments you need the facilities to do so. This does not necessarily mean opening a merchant account, you can use one of the various firms that are around nowadays to assist with this [...]
The Demand in IT Contracting jobs
IT in contracting is a field that has particularly seen a large growth as companies no longer wish to employ permanent IT staff, but have IT personal contracted to complete specific projects. Please check the Inforgraphic below which has more specific data concerning this demand with regards to the possible Job Titles, Operating Systems, Programming [...]
Domicile election for non-UK domiciled souses and civil partners in the UK
Persons who are non-domiciled in the UK, but have a UK domiciled spouse or civil partner can now opt to be domiciled in the UK. This has various tax considerations, amongst them they will now be able to receive gifts from their partner during their lifetime free from inheritance tax, although it should be noted that individuals [...]
Cyprus Additional Investment Incentives
Cyprus has numerous benefits for offshore investment, which already make it a very attractive jurisdiction. The government has introduced further packages aimed at foreign investors. These incentives include; - Foreign nationals investing in Cyprus being given permanent residency status and as part of a ‘Citizenship to Investors program’ will receive a Cyprus passport - Tax incentives for the [...]
Foreign Nationals Contracting in the UK
Freelance contractors looking to work in the UK need to be aware of several items in order to do so. Firstly residency – while there are new rules which have various substantive tests, including accommodation for use and individual criteria, in general as a guideline if, for the duration of your contract you spend the [...]
Limosa & Contracting in Belgium
LIMOSA to give it its full title ;Landenoverschrijdend Informatiesysteem Migratie Onderzoek Sociaal Administratie, is a Belgium government initiative which was set up to prepare the country for the opening up of the labour market for workers from the new EU Member States which occurred on May 2009. It is an important consideration for those using contracting [...]
Changes to Danish Company Law
The Danish parliament has passed a bill with a number of changes to Danish company law. It has done this in the hope that this will simplify administrative procedures for companies and make it easier to do business in Denmark. One important component is the introduction of an Entrepreneur company known as an IVS, this will have [...]
The BVI aims to Modernise its Trust Regime
The British Virgin Islands has aims to modernise its Trust Regime, which is based on principles drawn from English trust law, but has been updated and advanced since its initial introduction several times. They have already had their second and third readings in the House of Assembly and it is expected that the Bills will come into [...]
UK Group Relief for companies
The UK has amended its rules on Group Relief for companies resident in the European Economic Areas following a ruling by the Court of Justice of the European Union in September 2012 which said that the UK’s group relief rules were in breach of the EU’s freedom of Establishment Provisions. The HMRC recognizing that the UK group relief [...]
India’s Foreign Direct Investment Policy
Foreign Direct Investment is usually into production or business in a country by another country. This is not the purchase of shares, but rather buying a company or expanding existing operations. Foreign investment was introduced in India in 1991 under the Foreign Exchange Management Act. India has been cited as the second most important FDI destination after [...]
Singapore to Sign Free Trade Agreement with the EU
Singapore is famed for its wealth with the highest percentage of millionaire households in the world. Singapore is also one of the major centres for offshore wealth due to its business environment and concentration of banks. It is also the largest trading partner for Europe in Southeast Asia. EU-Singapore trade in goods and services grew [...]
The UK, IR 35 & information exchange with Germany
IR35 has no country boundaries. If you are UK tax resident and are considering contracting in Germany in theory the same rules apply but it is not the only consideration. The UK authorities are changing the rules on tax residence. They are introducing a statutory test to determine whether individuals are resident in the UK for tax [...]
BVI Ties with the Middle East
The BVI is an exceedingly recognised jurisdiction in the offshore sector, which are using their many advantages to promote business in the Middle East. The UAE is a divided economy between the onshore sector which is dominated by local business due to its restrictions on foreign ownership and the offshore sector. Recent years have seen [...]
Contractors moving to Belgium – Healthcare considerations
Public Healthcare systems vary from country to country and in Belgium it is a mixture of public and private healthcare and the quality of care is generally excellent. The system can appear complicated at the start, especially, if you are travelling from a country such as the United Kingdom and its National Health Service. Health [...]
Hong Kong improves on its attractiveness for offshore incorporation
Hong Kong has a lot to offer as a choice for offshore company formation, it has a strong, open business environment which attracts top global companies. It is an ideal location for firms who wish to do business in the Asian economies, it has high class infrastructure, well developed capital markets, a highly educated work force [...]
30% ruling 150km limit back in the news
Here is the latest news on the 30% Ruling tax concession available to foreign workers contracting in the Netherlands. Under the changes to the 30% ruling that came into effect in 2012, employees who lived with 150 kilometres of the Dutch border for more than 6 months of the previous 24 prior to taking up employment [...]
UK Domicile and Pension Schemes
UK expatriates may still be considered as UK domiciled and therefore will still be liable for the 40% inheritance tax on their worldwide estate after allowances. This is due to the concept of ‘deemed domicile’ which applies for inheritance tax purposes and means that even if you are not domiciled in the UK you might [...]
