-
What is a Trust? | Benefits of Using a Trust to Own Shares in a Company | LegalVision
There are many advantages to owning shares in a company through a trust, including tax planning and asset protection benefits.
Watch this video to learn about what a trust is and why you should considering having one if you run a business.
If you have any questions, call LegalVision on 1300 544 755 or visit us at https://legalvision.com.au
#trust, #trustfund, #familytrust, #trust funds, #familytrusts, #trustee, #beneficiaries
published: 15 Sep 2019
-
British Virgin Islands Offshore Company Formation: BVI Company Registration - Business Set Up | SFM
https://www.sfm.com/
British Virgin Islands Offshore Company Formation: BVI Company Registration - Business Set Up | SFM
In this video SFM explores one of the world’s most popular Offshore jurisdictions and details the benefits you can get for setting up your company in the British Virgin Islands.
Let’s explore the value of incorporating your business in the British Virgin Islands.
---
0:00:33 Advantages for foreign investors
0:01:24 BVI and financial bodies
0:01:38 BVI IBC's
0:02:08 BVI as a preferred jurisdiction
---
Transcript
There’s a reason why about 40% of the world’s offshore companies are registered in the British Virgin Islands. It isn’t only because the BVI is a nice place to visit, but because it’s one of the oldest internationally recognized offshore territories. Man...
published: 01 Nov 2021
-
Webinar: Refining the BVI trusts and estate planning offering
Join Harneys Global Head of Trusts and Private Wealth Henry Mander and Senior Associate Matthew Howson to discuss elements of the 2021 BVI legislative changes.
published: 22 Apr 2021
-
Doing Business Internationally: British Virgin Islands
https://www.cscglobal.com/service/webinar/dbi-bvi-recording/
The British Virgin Islands (BVI) is a world-leading financial center thanks to its innovative and transparent regulatory system and a focus on business-friendly options for investors, multinational companies, and families.
Though the structuring options are straightforward and the incorporation process efficient, there are multiple entry options for those looking to set up a business in BVI. While BVI business companies are most common, there are other choices, including limited partnerships, private trust companies, and Virgin Islands Special Trusts Act (VISTA) trusts.
Join CSC’s associate general counsel, Helena Ledic, and our panel of experts from CSC’s BVI office— Shanica Maduro-Christopher, vice president, and Sabinah C...
published: 26 Jun 2023
-
THE LURE OF THE BVI: WHY IS IT THE PLACE FOR CHINESE, RUSSIANS & OTHER FOREIGNERS?
For many years, the British Virgin Islands has been the King of Incorporations in the offshore world, proving to be particularly popular with citizens of China and Russia in recent times. This session will look at why the BVI is so attractive to foreigners seeking to set up offshore shell entities, what the jurisdiction offers that rivals don't, what is so appealing about its legal structures, and what they are being used for.
Presented by:
MARTIN KENNEY
Managing Partner, Martin Kenney & Co., Solicitors (BVI)
Bomi Anise
Managing Director, Anise Consulting (BVI)
Andrew Bodner
Lawyer, Matrix Chambers (London)
Recorded on May 5, 2015 during The OffshoreAlert Conference in Miami at The Ritz Carlton, South Beach Hotel.
OffshoreAlert is an independent news website founded in 1997 by ...
published: 25 Jan 2016
-
Let's Talk About BVI... Advantages and Economic Substance Requirements
In this webinar, we will talk about the BVI jurisdiction advantages as an option to incorporate your company.
We will also discuss topics such as:
BVI Business Companies (“BC’s”)
BVI Limited Partnerships (“LP’s)
BVI Funds
BVI Ship Registration
Additionally, we will present BVI Economic Substance requirements in order to keep your company in compliance with this new law.
If you need additional information you can contact us through our email: marketing@omcgroup.com or contact us here https://www.omcgroup.com/
If you want to keep up to date with all the information we publish in OMC Group, you can follow us on LinkedIn here https://www.linkedin.com/company/omc-group/
published: 24 May 2021
-
Where should British Residents form an Offshore Company?
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://clarity.fm/michaelrosmer
You can visit our websites for more information about us: https://offshorecitizen.net & https://www.offshorecapitalist.com
What is the best place for British citizens/residents to form an offshore company?
This is going to be very useful at the moment because the UK just announced that they're rising their corporate tax rates.
The UK has a particular set of rules that can be very useful. There are two challenging areas to be careful about. What should you look at and what should you consider if you're a Brit looking to form a company abroad? Today we are going to cover all of that.
The number one thing to look at is corporate residency rules. This is rel...
published: 13 Mar 2021
-
Family Trusts Explained | What Is It & How Do They Work?
Do you want to get in touch? https://www.parrbusinesslaw.com/contact
-------------------------------
In this video, we're going to cover the basics of a Family Trust as well as a few ways you can leverage family trusts for tax and non-tax benefits.
A family trust is a structure that facilitates the distribution of wealth to the beneficiaries named in the trust. Typically, your children, grandchildren, spouses are named as beneficiaries.
If you like this video please share it with someone or post the link on social media. Thanks for watching!
published: 29 Jul 2020
-
Foundation Vs Trust | What's Better?
Difference between foundations and trusts, by the CEO of Lawyers Limited, the nation's largest asset protection firm. Visit https://lawyerslimited.com or call +1-954-400-1050 Please "Like," SUBSCRIBE: https://bit.ly/BusinessGuySub / Discount code "BG25" for $25 off a land trust or LLC and "BGTrust100" for $100 off of an asset protection trust.
#FoundationVsTrust
We establish US and offshore foundations and trusts.
Webull
Click here to get FREE stock when you open a stock brokerage account and make a deposit with Webull https://a.webull.com/i/TheBusinessGuy
DISCLAIMER
The information provided in this video does not, and is not intended to, constitute tax or legal advice; instead, all information, content, and materials available on this site are for general informational purpose...
published: 17 Jul 2021
-
BVI Business Insight BVI Finance Bank of Asia
BVI Business Insight BVI Finance Bank of Asia
In this interview, Simon Gray met with Lisa Lou, President of Bank of Asia, Lorna Smith, Vice Chairman of Bank of Asia and also Deon Vanterpool, Vice President to discuss highlights of the special business relationship between China, Hong Kong and the BVI going back some forty years and the experience of Bank of Asia as a completely digital bank – operating in the BVI and elsewhere. With technology changing every aspect of our lives, innovations in the Fintech space have also brought significant changes to businesses and individuals – including the launch of the new Sandbox regime by the Financial Services Commission. Where better to hear it than from a fully digital bank – the BVI’s first. The discussion also covered the importance of phi...
published: 29 Jan 2021
4:02
What is a Trust? | Benefits of Using a Trust to Own Shares in a Company | LegalVision
There are many advantages to owning shares in a company through a trust, including tax planning and asset protection benefits.
Watch this video to learn about ...
There are many advantages to owning shares in a company through a trust, including tax planning and asset protection benefits.
Watch this video to learn about what a trust is and why you should considering having one if you run a business.
If you have any questions, call LegalVision on 1300 544 755 or visit us at https://legalvision.com.au
#trust, #trustfund, #familytrust, #trust funds, #familytrusts, #trustee, #beneficiaries
https://wn.com/What_Is_A_Trust_|_Benefits_Of_Using_A_Trust_To_Own_Shares_In_A_Company_|_Legalvision
There are many advantages to owning shares in a company through a trust, including tax planning and asset protection benefits.
Watch this video to learn about what a trust is and why you should considering having one if you run a business.
If you have any questions, call LegalVision on 1300 544 755 or visit us at https://legalvision.com.au
#trust, #trustfund, #familytrust, #trust funds, #familytrusts, #trustee, #beneficiaries
- published: 15 Sep 2019
- views: 113443
3:40
British Virgin Islands Offshore Company Formation: BVI Company Registration - Business Set Up | SFM
https://www.sfm.com/
British Virgin Islands Offshore Company Formation: BVI Company Registration - Business Set Up | SFM
In this video SFM explores one of th...
https://www.sfm.com/
British Virgin Islands Offshore Company Formation: BVI Company Registration - Business Set Up | SFM
In this video SFM explores one of the world’s most popular Offshore jurisdictions and details the benefits you can get for setting up your company in the British Virgin Islands.
Let’s explore the value of incorporating your business in the British Virgin Islands.
---
0:00:33 Advantages for foreign investors
0:01:24 BVI and financial bodies
0:01:38 BVI IBC's
0:02:08 BVI as a preferred jurisdiction
---
Transcript
There’s a reason why about 40% of the world’s offshore companies are registered in the British Virgin Islands. It isn’t only because the BVI is a nice place to visit, but because it’s one of the oldest internationally recognized offshore territories. Many other offshore jurisdictions base themselves on the BVI's laws before developing their own corporate laws.
The Islands, One of the British Overseas Territories in the Caribbean, offers an important advantage for foreign investors:
1. Tourism and financial services are the two pillars of the economy; the latter is supported primarily by many offshore companies incorporated there.
2. And secondly, BVI enjoy 0% corporate taxation, no auditing, and no paid-up capital requirements.
Many of the BVI's advantages are common to numerous other jurisdictions (English language, absence of currency exchange control since they use US dollar as their currency, enjoys a stable democracy). Hence, it makes sense why over half of its revenue comes from the registration of offshore companies and related services; the BVI is a significant global player in the offshore financial services industry.
The BVI is a member of the International Organization of Securities Commissions (IOSCO) and the Caribbean Financial Action Task Force (CTATF), and continues to remain in good standing with other international financial bodies.
When it comes to the variety of corporations and trust structures available, the BVI is one of the most diverse financial centers worldwide. New IBCs incorporated in the BVI can be registered under any of these names or suffixes:
• Limited (Ltd.,)
• Corporation (Corp.,)
• Incorporation (Inc.,)
• Societe Anonyme/Sociedad Anonima (S.A.)
So why is BVI the preferred jurisdiction among many foreign investors? The short answer to this question lies in its simplicity
• Being a member of the British Commonwealth, the BVI has strong ties both with the UK and the EU. The BVI enjoys strong ties with the U. S. Virgin Islands as well as with Puerto Rico. The U.S. dollar is the currency used within the BVI.
• BVI companies are still comparatively inexpensive to incorporate compared to other premium jurisdictions such as Cayman and Bermuda, and most mid-shores such as Hong Kong or Singapore
• Neither the register of directors nor the share register of a company is required to be publicly filed in the BVI
• BVI companies are widely used in international capital markets as listing vehicles. Shares in BVI companies are listed in stock exchanges in London
• Only one Director is necessary, though a President, Secretary and Treasurer are not mandatory for a BVI BC; however, a single person or entity may hold all positions.
Finally, the BVI company is also favored thanks to its cost effective and simple registration and administrative regulations. Companies can be incorporated as quickly as 1 to 2 days!
Interested in setting-up your company in the British Virgin Islands?
Contact SFM today to incorporate your BVI company online
Thank you for watching
---
ABOUT SFM:
SFM is the world's #1 Online Company Formation Provider.
We serve thousands of clients around the globe who opted for our competitive pricing and unique personalized service.
Confidentiality is one of the most important aspects of our work. We protect the privacy of our customer and secure personal data through
Should you visit our various premises, we will be present to welcome you in the very best conditions; in Dubai, Geneva, Hong-Kong or in the Seychelles.
----
For SFM Corporate Services reviews, please visit our website where hundreds of clients have left their reviews (all reviews have been audited by Feefo.com). SFM's reputation is excellent with a client satisfaction rate of over 96%!
----
To find out more:
Visit: https://www.sfm.com/bvi-offshore-company
About SFM: https://www.sfm.com/offshore-trust
Our Jurisdictions: https://www.sfm.com/offshore-jurisdictions
Order Your Company: https://www.sfm.com/register-company-online
https://wn.com/British_Virgin_Islands_Offshore_Company_Formation_Bvi_Company_Registration_Business_Set_Up_|_Sfm
https://www.sfm.com/
British Virgin Islands Offshore Company Formation: BVI Company Registration - Business Set Up | SFM
In this video SFM explores one of the world’s most popular Offshore jurisdictions and details the benefits you can get for setting up your company in the British Virgin Islands.
Let’s explore the value of incorporating your business in the British Virgin Islands.
---
0:00:33 Advantages for foreign investors
0:01:24 BVI and financial bodies
0:01:38 BVI IBC's
0:02:08 BVI as a preferred jurisdiction
---
Transcript
There’s a reason why about 40% of the world’s offshore companies are registered in the British Virgin Islands. It isn’t only because the BVI is a nice place to visit, but because it’s one of the oldest internationally recognized offshore territories. Many other offshore jurisdictions base themselves on the BVI's laws before developing their own corporate laws.
The Islands, One of the British Overseas Territories in the Caribbean, offers an important advantage for foreign investors:
1. Tourism and financial services are the two pillars of the economy; the latter is supported primarily by many offshore companies incorporated there.
2. And secondly, BVI enjoy 0% corporate taxation, no auditing, and no paid-up capital requirements.
Many of the BVI's advantages are common to numerous other jurisdictions (English language, absence of currency exchange control since they use US dollar as their currency, enjoys a stable democracy). Hence, it makes sense why over half of its revenue comes from the registration of offshore companies and related services; the BVI is a significant global player in the offshore financial services industry.
The BVI is a member of the International Organization of Securities Commissions (IOSCO) and the Caribbean Financial Action Task Force (CTATF), and continues to remain in good standing with other international financial bodies.
When it comes to the variety of corporations and trust structures available, the BVI is one of the most diverse financial centers worldwide. New IBCs incorporated in the BVI can be registered under any of these names or suffixes:
• Limited (Ltd.,)
• Corporation (Corp.,)
• Incorporation (Inc.,)
• Societe Anonyme/Sociedad Anonima (S.A.)
So why is BVI the preferred jurisdiction among many foreign investors? The short answer to this question lies in its simplicity
• Being a member of the British Commonwealth, the BVI has strong ties both with the UK and the EU. The BVI enjoys strong ties with the U. S. Virgin Islands as well as with Puerto Rico. The U.S. dollar is the currency used within the BVI.
• BVI companies are still comparatively inexpensive to incorporate compared to other premium jurisdictions such as Cayman and Bermuda, and most mid-shores such as Hong Kong or Singapore
• Neither the register of directors nor the share register of a company is required to be publicly filed in the BVI
• BVI companies are widely used in international capital markets as listing vehicles. Shares in BVI companies are listed in stock exchanges in London
• Only one Director is necessary, though a President, Secretary and Treasurer are not mandatory for a BVI BC; however, a single person or entity may hold all positions.
Finally, the BVI company is also favored thanks to its cost effective and simple registration and administrative regulations. Companies can be incorporated as quickly as 1 to 2 days!
Interested in setting-up your company in the British Virgin Islands?
Contact SFM today to incorporate your BVI company online
Thank you for watching
---
ABOUT SFM:
SFM is the world's #1 Online Company Formation Provider.
We serve thousands of clients around the globe who opted for our competitive pricing and unique personalized service.
Confidentiality is one of the most important aspects of our work. We protect the privacy of our customer and secure personal data through
Should you visit our various premises, we will be present to welcome you in the very best conditions; in Dubai, Geneva, Hong-Kong or in the Seychelles.
----
For SFM Corporate Services reviews, please visit our website where hundreds of clients have left their reviews (all reviews have been audited by Feefo.com). SFM's reputation is excellent with a client satisfaction rate of over 96%!
----
To find out more:
Visit: https://www.sfm.com/bvi-offshore-company
About SFM: https://www.sfm.com/offshore-trust
Our Jurisdictions: https://www.sfm.com/offshore-jurisdictions
Order Your Company: https://www.sfm.com/register-company-online
- published: 01 Nov 2021
- views: 2234
42:52
Webinar: Refining the BVI trusts and estate planning offering
Join Harneys Global Head of Trusts and Private Wealth Henry Mander and Senior Associate Matthew Howson to discuss elements of the 2021 BVI legislative changes.
Join Harneys Global Head of Trusts and Private Wealth Henry Mander and Senior Associate Matthew Howson to discuss elements of the 2021 BVI legislative changes.
https://wn.com/Webinar_Refining_The_Bvi_Trusts_And_Estate_Planning_Offering
Join Harneys Global Head of Trusts and Private Wealth Henry Mander and Senior Associate Matthew Howson to discuss elements of the 2021 BVI legislative changes.
- published: 22 Apr 2021
- views: 714
20:14
Doing Business Internationally: British Virgin Islands
https://www.cscglobal.com/service/webinar/dbi-bvi-recording/
The British Virgin Islands (BVI) is a world-leading financial center thanks to its innovative and ...
https://www.cscglobal.com/service/webinar/dbi-bvi-recording/
The British Virgin Islands (BVI) is a world-leading financial center thanks to its innovative and transparent regulatory system and a focus on business-friendly options for investors, multinational companies, and families.
Though the structuring options are straightforward and the incorporation process efficient, there are multiple entry options for those looking to set up a business in BVI. While BVI business companies are most common, there are other choices, including limited partnerships, private trust companies, and Virgin Islands Special Trusts Act (VISTA) trusts.
Join CSC’s associate general counsel, Helena Ledic, and our panel of experts from CSC’s BVI office— Shanica Maduro-Christopher, vice president, and Sabinah Clement, managing director—as they highlight the advantages of BVI as a jurisdiction and key considerations depending on your business objectives.
https://wn.com/Doing_Business_Internationally_British_Virgin_Islands
https://www.cscglobal.com/service/webinar/dbi-bvi-recording/
The British Virgin Islands (BVI) is a world-leading financial center thanks to its innovative and transparent regulatory system and a focus on business-friendly options for investors, multinational companies, and families.
Though the structuring options are straightforward and the incorporation process efficient, there are multiple entry options for those looking to set up a business in BVI. While BVI business companies are most common, there are other choices, including limited partnerships, private trust companies, and Virgin Islands Special Trusts Act (VISTA) trusts.
Join CSC’s associate general counsel, Helena Ledic, and our panel of experts from CSC’s BVI office— Shanica Maduro-Christopher, vice president, and Sabinah Clement, managing director—as they highlight the advantages of BVI as a jurisdiction and key considerations depending on your business objectives.
- published: 26 Jun 2023
- views: 232
1:11:36
THE LURE OF THE BVI: WHY IS IT THE PLACE FOR CHINESE, RUSSIANS & OTHER FOREIGNERS?
For many years, the British Virgin Islands has been the King of Incorporations in the offshore world, proving to be particularly popular with citizens of China ...
For many years, the British Virgin Islands has been the King of Incorporations in the offshore world, proving to be particularly popular with citizens of China and Russia in recent times. This session will look at why the BVI is so attractive to foreigners seeking to set up offshore shell entities, what the jurisdiction offers that rivals don't, what is so appealing about its legal structures, and what they are being used for.
Presented by:
MARTIN KENNEY
Managing Partner, Martin Kenney & Co., Solicitors (BVI)
Bomi Anise
Managing Director, Anise Consulting (BVI)
Andrew Bodner
Lawyer, Matrix Chambers (London)
Recorded on May 5, 2015 during The OffshoreAlert Conference in Miami at The Ritz Carlton, South Beach Hotel.
OffshoreAlert is an independent news website founded in 1997 by investigative reporter David Marchant and offers news, documents & intelligence about businesses and individuals operating in Offshore Financial Centers, with an emphasis on fraud investigations. OffshoreAlert also holds conferences in North America and Europe tailored for the offshore world. OffshoreAlert is generally considered to be a leading authority on OFCs and serious financial.
More information about The OffshoreAlert Conference can be found at http://offshorealert.com/events.aspx
https://wn.com/The_Lure_Of_The_Bvi_Why_Is_It_The_Place_For_Chinese,_Russians_Other_Foreigners
For many years, the British Virgin Islands has been the King of Incorporations in the offshore world, proving to be particularly popular with citizens of China and Russia in recent times. This session will look at why the BVI is so attractive to foreigners seeking to set up offshore shell entities, what the jurisdiction offers that rivals don't, what is so appealing about its legal structures, and what they are being used for.
Presented by:
MARTIN KENNEY
Managing Partner, Martin Kenney & Co., Solicitors (BVI)
Bomi Anise
Managing Director, Anise Consulting (BVI)
Andrew Bodner
Lawyer, Matrix Chambers (London)
Recorded on May 5, 2015 during The OffshoreAlert Conference in Miami at The Ritz Carlton, South Beach Hotel.
OffshoreAlert is an independent news website founded in 1997 by investigative reporter David Marchant and offers news, documents & intelligence about businesses and individuals operating in Offshore Financial Centers, with an emphasis on fraud investigations. OffshoreAlert also holds conferences in North America and Europe tailored for the offshore world. OffshoreAlert is generally considered to be a leading authority on OFCs and serious financial.
More information about The OffshoreAlert Conference can be found at http://offshorealert.com/events.aspx
- published: 25 Jan 2016
- views: 508
55:05
Let's Talk About BVI... Advantages and Economic Substance Requirements
In this webinar, we will talk about the BVI jurisdiction advantages as an option to incorporate your company.
We will also discuss topics such as:
BVI Busines...
In this webinar, we will talk about the BVI jurisdiction advantages as an option to incorporate your company.
We will also discuss topics such as:
BVI Business Companies (“BC’s”)
BVI Limited Partnerships (“LP’s)
BVI Funds
BVI Ship Registration
Additionally, we will present BVI Economic Substance requirements in order to keep your company in compliance with this new law.
If you need additional information you can contact us through our email: marketing@omcgroup.com or contact us here https://www.omcgroup.com/
If you want to keep up to date with all the information we publish in OMC Group, you can follow us on LinkedIn here https://www.linkedin.com/company/omc-group/
https://wn.com/Let's_Talk_About_Bvi..._Advantages_And_Economic_Substance_Requirements
In this webinar, we will talk about the BVI jurisdiction advantages as an option to incorporate your company.
We will also discuss topics such as:
BVI Business Companies (“BC’s”)
BVI Limited Partnerships (“LP’s)
BVI Funds
BVI Ship Registration
Additionally, we will present BVI Economic Substance requirements in order to keep your company in compliance with this new law.
If you need additional information you can contact us through our email: marketing@omcgroup.com or contact us here https://www.omcgroup.com/
If you want to keep up to date with all the information we publish in OMC Group, you can follow us on LinkedIn here https://www.linkedin.com/company/omc-group/
- published: 24 May 2021
- views: 216
10:57
Where should British Residents form an Offshore Company?
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://clarity.fm/michaelrosmer
You can visit our websites ...
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://clarity.fm/michaelrosmer
You can visit our websites for more information about us: https://offshorecitizen.net & https://www.offshorecapitalist.com
What is the best place for British citizens/residents to form an offshore company?
This is going to be very useful at the moment because the UK just announced that they're rising their corporate tax rates.
The UK has a particular set of rules that can be very useful. There are two challenging areas to be careful about. What should you look at and what should you consider if you're a Brit looking to form a company abroad? Today we are going to cover all of that.
The number one thing to look at is corporate residency rules. This is related to management and control standards. By default, if the company is registered in the UK it will be a tax resident of the UK, in certain cases, this can be overwritten by a tax treaty. Also if your company is managed and controlled from the UK it is considered a UK tax resident.
This is extremely important to pay attention to!
You could have actual substance in a foreign country (offices, employees, operations, etc) but if your company is managed and controlled from the UK you can face issues because the UK will want to tax that company.
The second set of rules to be careful about is the controlled foreign company rules (CFC Rules). If you're a small business you shouldn't have any issues. If you're bigger than what they consider small business you'll need to pay attention to these rules as well. If you own at least 25% of the foreign company that share will be taxed according to the UK corporate tax rate.
Having all this in mind what does make sense for UK residents? Which countries should you consider for a company structure?
Places that make sense are Cyprus, UAE, Hungary, Malta, Channel Islands, Isle of Man.
If you were to opt-in for the latter two they can provide management and control locally. Banking is not going to be the greatest in there, but certainly doable.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
Feel free to join our community!
Don’t forget to subscribe to our channel
https://www.youtube.com/channel/UCZDToCpuHc4kEHDurkQpVPg?sub_confirmation=1
https://wn.com/Where_Should_British_Residents_Form_An_Offshore_Company
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://clarity.fm/michaelrosmer
You can visit our websites for more information about us: https://offshorecitizen.net & https://www.offshorecapitalist.com
What is the best place for British citizens/residents to form an offshore company?
This is going to be very useful at the moment because the UK just announced that they're rising their corporate tax rates.
The UK has a particular set of rules that can be very useful. There are two challenging areas to be careful about. What should you look at and what should you consider if you're a Brit looking to form a company abroad? Today we are going to cover all of that.
The number one thing to look at is corporate residency rules. This is related to management and control standards. By default, if the company is registered in the UK it will be a tax resident of the UK, in certain cases, this can be overwritten by a tax treaty. Also if your company is managed and controlled from the UK it is considered a UK tax resident.
This is extremely important to pay attention to!
You could have actual substance in a foreign country (offices, employees, operations, etc) but if your company is managed and controlled from the UK you can face issues because the UK will want to tax that company.
The second set of rules to be careful about is the controlled foreign company rules (CFC Rules). If you're a small business you shouldn't have any issues. If you're bigger than what they consider small business you'll need to pay attention to these rules as well. If you own at least 25% of the foreign company that share will be taxed according to the UK corporate tax rate.
Having all this in mind what does make sense for UK residents? Which countries should you consider for a company structure?
Places that make sense are Cyprus, UAE, Hungary, Malta, Channel Islands, Isle of Man.
If you were to opt-in for the latter two they can provide management and control locally. Banking is not going to be the greatest in there, but certainly doable.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
Feel free to join our community!
Don’t forget to subscribe to our channel
https://www.youtube.com/channel/UCZDToCpuHc4kEHDurkQpVPg?sub_confirmation=1
- published: 13 Mar 2021
- views: 26329
5:01
Family Trusts Explained | What Is It & How Do They Work?
Do you want to get in touch? https://www.parrbusinesslaw.com/contact
-------------------------------
In this video, we're going to cover the basics of a Family...
Do you want to get in touch? https://www.parrbusinesslaw.com/contact
-------------------------------
In this video, we're going to cover the basics of a Family Trust as well as a few ways you can leverage family trusts for tax and non-tax benefits.
A family trust is a structure that facilitates the distribution of wealth to the beneficiaries named in the trust. Typically, your children, grandchildren, spouses are named as beneficiaries.
If you like this video please share it with someone or post the link on social media. Thanks for watching!
https://wn.com/Family_Trusts_Explained_|_What_Is_It_How_Do_They_Work
Do you want to get in touch? https://www.parrbusinesslaw.com/contact
-------------------------------
In this video, we're going to cover the basics of a Family Trust as well as a few ways you can leverage family trusts for tax and non-tax benefits.
A family trust is a structure that facilitates the distribution of wealth to the beneficiaries named in the trust. Typically, your children, grandchildren, spouses are named as beneficiaries.
If you like this video please share it with someone or post the link on social media. Thanks for watching!
- published: 29 Jul 2020
- views: 93716
13:23
Foundation Vs Trust | What's Better?
Difference between foundations and trusts, by the CEO of Lawyers Limited, the nation's largest asset protection firm. Visit https://lawyerslimited.com or call ...
Difference between foundations and trusts, by the CEO of Lawyers Limited, the nation's largest asset protection firm. Visit https://lawyerslimited.com or call +1-954-400-1050 Please "Like," SUBSCRIBE: https://bit.ly/BusinessGuySub / Discount code "BG25" for $25 off a land trust or LLC and "BGTrust100" for $100 off of an asset protection trust.
#FoundationVsTrust
We establish US and offshore foundations and trusts.
Webull
Click here to get FREE stock when you open a stock brokerage account and make a deposit with Webull https://a.webull.com/i/TheBusinessGuy
DISCLAIMER
The information provided in this video does not, and is not intended to, constitute tax or legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this channel may not constitute the most up-to-date legal or other information. This video and/or description may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; the we do not recommend or endorse the contents of the third-party sites. The presenter is not an attorney. Lawyers Limited is not a law firm and none of the information should be considered legal advice.
Viewers of this video should contact their attorney to obtain advice with respect to any particular legal matter and their accountant with respect to any tax matter. No viewer, reader, user, or browser of this video or channel should act or refrain from acting on the basis of information on this site without first seeking legal advice from counsel in the relevant jurisdiction. Only your individual attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this video, channel or any of the links or resources contained within do not create an attorney-client relationship between the viewer, reader, user, or browser and video authors, contributors, contributing attorneys, law firms, or committee members and their respective employers.
The views expressed at, or through, this channel and in this video are those of the individual authors writing in their individual capacities only – not those of their respective employers, the associated company, companies, brands, or company as a whole. All liability with respect to actions taken or not taken based on the contents of this video and channel are hereby expressly disclaimed. The content on this posting is provided "as is;" no represen
https://wn.com/Foundation_Vs_Trust_|_What's_Better
Difference between foundations and trusts, by the CEO of Lawyers Limited, the nation's largest asset protection firm. Visit https://lawyerslimited.com or call +1-954-400-1050 Please "Like," SUBSCRIBE: https://bit.ly/BusinessGuySub / Discount code "BG25" for $25 off a land trust or LLC and "BGTrust100" for $100 off of an asset protection trust.
#FoundationVsTrust
We establish US and offshore foundations and trusts.
Webull
Click here to get FREE stock when you open a stock brokerage account and make a deposit with Webull https://a.webull.com/i/TheBusinessGuy
DISCLAIMER
The information provided in this video does not, and is not intended to, constitute tax or legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this channel may not constitute the most up-to-date legal or other information. This video and/or description may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; the we do not recommend or endorse the contents of the third-party sites. The presenter is not an attorney. Lawyers Limited is not a law firm and none of the information should be considered legal advice.
Viewers of this video should contact their attorney to obtain advice with respect to any particular legal matter and their accountant with respect to any tax matter. No viewer, reader, user, or browser of this video or channel should act or refrain from acting on the basis of information on this site without first seeking legal advice from counsel in the relevant jurisdiction. Only your individual attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this video, channel or any of the links or resources contained within do not create an attorney-client relationship between the viewer, reader, user, or browser and video authors, contributors, contributing attorneys, law firms, or committee members and their respective employers.
The views expressed at, or through, this channel and in this video are those of the individual authors writing in their individual capacities only – not those of their respective employers, the associated company, companies, brands, or company as a whole. All liability with respect to actions taken or not taken based on the contents of this video and channel are hereby expressly disclaimed. The content on this posting is provided "as is;" no represen
- published: 17 Jul 2021
- views: 25682
38:17
BVI Business Insight BVI Finance Bank of Asia
BVI Business Insight BVI Finance Bank of Asia
In this interview, Simon Gray met with Lisa Lou, President of Bank of Asia, Lorna Smith, Vice Chairman of Bank of...
BVI Business Insight BVI Finance Bank of Asia
In this interview, Simon Gray met with Lisa Lou, President of Bank of Asia, Lorna Smith, Vice Chairman of Bank of Asia and also Deon Vanterpool, Vice President to discuss highlights of the special business relationship between China, Hong Kong and the BVI going back some forty years and the experience of Bank of Asia as a completely digital bank – operating in the BVI and elsewhere. With technology changing every aspect of our lives, innovations in the Fintech space have also brought significant changes to businesses and individuals – including the launch of the new Sandbox regime by the Financial Services Commission. Where better to hear it than from a fully digital bank – the BVI’s first. The discussion also covered the importance of philanthropy in business dealings with specific examples generously provided by Carson Wen, Founder and Chairman of Bank of Asia after Hurricanes Irma and Maria and more recently with COVID PPE relief.
https://wn.com/Bvi_Business_Insight_Bvi_Finance_Bank_Of_Asia
BVI Business Insight BVI Finance Bank of Asia
In this interview, Simon Gray met with Lisa Lou, President of Bank of Asia, Lorna Smith, Vice Chairman of Bank of Asia and also Deon Vanterpool, Vice President to discuss highlights of the special business relationship between China, Hong Kong and the BVI going back some forty years and the experience of Bank of Asia as a completely digital bank – operating in the BVI and elsewhere. With technology changing every aspect of our lives, innovations in the Fintech space have also brought significant changes to businesses and individuals – including the launch of the new Sandbox regime by the Financial Services Commission. Where better to hear it than from a fully digital bank – the BVI’s first. The discussion also covered the importance of philanthropy in business dealings with specific examples generously provided by Carson Wen, Founder and Chairman of Bank of Asia after Hurricanes Irma and Maria and more recently with COVID PPE relief.
- published: 29 Jan 2021
- views: 140