There is no legal definition of the word “offshore” and it simply means anywhere else apart from a person or an entity’s own country. There is a myriad of reasons why an offshore structure is sought. In many cases, high net worth individuals will make use of offshore structures as an integral part of an…
There are a multitude of tax systems worldwide. Each jurisdiction’s tax system is different because, unlike any business or legal systems, tax is a government’s primary means of raising revenue and any fiscal policies adopted by a government will be based on political and economic motives. However, a sovereign government’s ability to collect taxes is…
Many countries impose restrictions on inward foreign investment as part of their foreign investment policy. Typically, restrictions are imposed on two types of foreign investments: foreign equity in an enterprise established in the country; and foreign direct investments in particular sectors of the economy of the country – usually transport, communications, real estate, finance and…
If you are intending to expand overseas, you may be required to register your business in certain jurisdictions for a variety of reasons, such as: a business intending to carry on trading activities; a business intending to establish a branch or share transfer office; a business that has indirect taxation obligations, eg, VAT and/or sales…