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post March 14, 2018

A New UK register of Beneficial Owners of Overseas Entities

In its commitment to making company and property ownership more transparent, the UK government, in 2016, announced its intention to introduce a public register of company ownership, recording information about who owns and controls UK companies. The proposed register will require overseas companies that own or buy property in the…

post January 8, 2018

Investing into UK property by non-residents

UK property has long been an investment of choice for non-UK residents looking for a stable and secure home for discretionary savings.  This has historically also come with some significant tax advantages from the UK perspective. This status has been under attack for some time and many of the advantages…

post October 13, 2017

Citizenship-by-Investment in Cyprus

The Republic of Cyprus has implemented various incentives in order to enhance and attract further foreign direct investments into the country. One of the schemes is the citizenship-by-investment program which grants Cypriot citizenship to those that invest EUR 2,000,000 or more in residential real estate, an investment amount which has…

post September 18, 2017

Hurricane Irma: Osiris Reports “Staff Are Safe And BVI Office Is Operational”

We can now report that all our colleagues and their families are all safe and well following the recent historic Category 5 Hurricane Irma, which hit the BVI less than 2 weeks ago. Irma was followed by Cat. 4 Jose, which past north of Caribbean islands and Puerto Rico. We…

post June 27, 2017

Mauritius Means Business With Its New Budget

No longer just a tourist destination, this little island is flourishing. Through its 2017/18 Budget Speech, Mauritius has emphasised its commitment towards invigorating corporate growth, expanding social programmes, and stimulating the development of small businesses. With a projected growth rate of 4.1% expected during the next financial year, the Mauritian…

post June 27, 2017

South Africa Demise of 183-Day Exemption. Should I Emigrate And If So, Where?

For years, South Africa has offered an exemption from tax in respect of South African residents who worked outside of South Africa for at least 183 days a year, including at least of one stint of 60 days.  They would remain taxable in respect of any income earned in the…

post June 1, 2017

Mauritius Business Facilitation Program

Ease of doing business is recognized the world over as a desirable attribute in trying to attract business into a jurisdiction. Over 10 years ago, the Business Facilitation Act 2006 (BFA) was introduced to improve the Mauritian business environment.  Several measures were introduced such as the cut down on paperwork…

post May 30, 2017

UK Property: Have They Killed the Golden Goose?

After investment in the UK property market sank to its lowest level in four years during the quarter after the Brexit vote, with the first quarter of 2017 well behind us, investment into UK real estate is not looking as gloomy as one would have anticipated and investment by non-UK…

post May 9, 2017

The OECD Common Reporting Standard

The Common Reporting Standard (“CRS”) was born out of an OECD-led initiative currently supported by over 100 countries (“Participating Countries”).  CRS requires jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis.  The purpose of CRS is to counter tax…

post May 3, 2017

Italian Investment Visa To Complement The Resident Non-Domiciled Scheme

As we have detailed in earlier blogs, Italy has recently announced the introduction of an attractive resident-non-domiciled type scheme aimed at attracting high net worth individuals. Allied to this there has also been an introduction of a new Visa scheme aimed at allowing wealthy individuals to obtain residence in Italy.…

post May 1, 2017

Mauritius GBC1 Company To Own A Private Jet And Register It In The Cayman Islands

The Cayman Islands is one of the premier aircraft registration regimes in the world, often competing only with the Isle of Man in that regard.  What is often not recognised is that registration is not restricted to Cayman Islands Entities.  We deal with it in more detail here but a Mauritius…

post January 12, 2017

Amendments to Listing Rules on the Stock Exchange of Mauritius-International Issuers

In an attempt to make itself more of an attractive international platform for listed companies, the Stock Exchange of Mauritius (SEM) has recently made some amendments to its Listing Rules (dated December 2016), further to changes made to Chapter 15 for International Issuers. Some of the main amendments include: The…

post September 8, 2017

Update: Osiris Staff And Offices Safe After Hurricane Irma. Category 3 Storm, Jose Still En-route

Hurricane Irma has moved past the Tortola, BVI, however it continues to tear a deadly path through the Caribbean, causing widespread destruction and reducing buildings to rubble, on a track that could lead to a catastrophic strike on Florida. We are very relieved to have made contact with some of…