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708, 2020

Grants Available for Contractors with Public Sector Engagements

We have reported repeatedly on the unpopular IR35 off-payroll rules that were introduced in the United Kingdom.  However, as a result of the Covid-19 pandemic there may finally be a positive side to this. Employers are now entitled to claim a grant under the Coronavirus Job Retention Scheme including to pay contractors with public sector [...]

2307, 2020

Wales reduce rate of LTT

We reported earlier in the month regarding the temporary increase in the SDLT nil-rate bank for England and Northern Ireland in response to the Covid-19 crisis and also the LBTT holiday announced in Scotland. Wales has also now followed suit.  Reporting on the 14 July 2020 that the threshold for land transaction tax (LTT) will [...]

1307, 2020

Co-working Space for Contractors

The world has changed rapidly in the last few decades and thanks to the internet revolution chasing your dream of becoming an international contractor and working abroad in a wide variety of countries is now much more achievable. The benefits of increased wages and being your own boss and determining your own working hours and [...]

1506, 2020

Why foreign investors are choosing Cyprus as the most popular investment hub

After the financial crisis Five years ago that rocked the nation and with the recent covid-19 pandemic, Cyprus continues to proves that it remains one of the most attractive business jurisdiction for International Companies. In fact, a recent survey conducted by Invest Cyprus, who are the investment promotion agency for Cyprus, found that 92% were either [...]

106, 2020

Scotland Extend Relief Period whereby Homeowners can hold Two Properties

Due to a stagnant housing market caused by the covid-19 virus Scotland has announced that homeowners now have three years to sell their original home as opposed to eighteen months where they still have the right to reclaim land and buildings transaction tax (LBTT). Currently in Scotland if you purchase a second home then you [...]

1505, 2020

Cyprus to announce their fast track processing in relation to the Cyprus Investment Program (CIP)

Cyprus is a very popular destination in relation to foreign investment especially in the most recent few years. In 2018, Cyprus was graded 8th out of the top 20 countries globally as per the Global Finance Magazine’s Foreign Direct Investments (FDI) performance and appeal. Setting up a Cyprus company has become very popular within the [...]

1205, 2020

DMCC / DED Dual Licensing Scheme

Dubai is a popular offshore destination with a number of registries offering various options to incorporate companies under.  The Dubai Multi Commodities Centre (DMCC) is one such registry and has the reputation of being the world’s flagship free zone. The DMCC has now collaborated with the Department of Economic Development (DED), which is government of [...]

705, 2020

Caymans to Introduce New Regulatory Framework for Virtual Asset Investments

On the 28 April 2020 The Cayman Islands published draft legislation with regards to new regulatory framework for companies wishing to utilise virtual asset investments such as Bitcoin.  In the Cayman Islands a virtual asset is defined as a digital representation of a value that can be electronically traded and used for investment purposes. Virtual [...]

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