Corporate Blog

Bahrain has reduced the restrictions on foreign ownership and is making comprehensive changes to its corporate laws and procedures to allow for easier company incorporation and a modernization of its administration process. It is hoped [...]

The amendment which was gazetted on the 23 November 2016 is intended to modernise the previous Trust law and introduces a couple of provisions designed to correct technical issues in the original legislation. Two of [...]

With concerns over a ‘hard’ Brexit and the UK’s ability to secure an agreement that will still allow its financial institutions access to the European Union, it is no wonder that various countries are attempting to make [...]

The double taxation agreement is the first between these two countries and was signed on 12 April 2016 and came into force on the 25 December 2016.  It contains important provisions to assist in determining the corporate [...]

Plans to tax UK residents on payments from offshore trusts are being seriously reconsidered by the UK government due to fears that wealthy foreigners might consider leaving the UK. Deemed UK domiciled Settlors would have been taxed [...]

Dubai is one of the most popular modern jurisdictions.  This is due to a number of reasons, not least its extremely attractive tax regime, but also its reputable image and its focus on providing fiduciary services tailored [...]

Last year Jersey issued a consultation paper proposing a 7th amendment to revise the Trusts (Jersey) Law 1984 in twelve areas where it is thought the legislation could benefit from modification. The first area under [...]

Last year the House of Representatives voted to allow a 75% discount on immovable property tax (IMT) if paid by 31 October 2016.  At the same time it was approved to abolish this tax completely from 1 [...]

On the 13th July 2016 Luxembourg adopted Bill 5730, which is hoped will modernise and streamline its corporate environment. Whilst the bill is very comprehensive and at times somewhat complex some of the more positive [...]

We reported previously on the Reserve Bank of India’s (RBI) decision to allow up to 100% foreign direct investment (FDI) under the automatic route, whereas previously it required approval.  However existing companies wishing to convert to an [...]