Blog
YACHT CREW EMPLOYMENT
Having chosen the jurisdiction in which to register your yacht you now need to contemplate the issue of crew. With crew based on a yacht where the ownership, registration and homeport may all be different, as well as the fact that the yacht also moves, the issue of crew employment…
IMPORTING HOUSEHOLD AND PERSONAL EFFECTS INTO MAURITIUS
When relocating to Mauritius, a person may benefit from an exemption of tax and duties when importing their household and personal effects. MTrans Movers have put together a detailed article on the conditions of importing your personal effects when relocating permanently to Mauritius. Click here to view the full article.…
WHERE TO REGISTER YOUR YACHT
Having taken the decision to purchase your yacht you will now be faced with the decision as to where to register it. The decision is an important one and it is important to get it right. It would also make sense to talk to an advisor in making that decision…
MAURITIUS FOR AVIATION FUNDING AND LEASING SERVICES IN AFRICA
BACKGROUND Aviation in Africa is often more of a necessity than purely for pleasure, but is growing strongly. The difficulty in moving around Africa without transiting through a European hub has meant that more and more corporates and HNW individuals have purchased their own aircraft. Of interest then is the…
SOUTH AFRICAN PLEASURE YACHT OWNERSHIP
South Africa, with its long coastline and superb weather has had a long association with sailing and the sea. This has continued into supporting some of the larger pleasure yacht manufacturers in the world today. Robertson and Caine and Voyage Yachts inter alia have a large manufacturing capability and has…
KENYA OFFERS ATTRACTIVE TAX INCENTIVES TO ENTITIES OPERATING IN THE TATU CITY SPECIAL ECONOMIC ZONE
We are proud to be associated with Gateway Real Estate Africa (GREA) who are the developers that will be constructing Eneo at Tatu Central, the anchor of the business district in Tatu City, Kenya. Eneo will consist of 2 office towers with a retail sector which will span an impressive…
THE ECONOMIC CRIME (TRANSPARENCY AND ENFORCEMENT) ACT 2022 (THE “ACT”)
On 15 March 2022 the Act was enacted by the UK Parliament to have effect in the United Kingdom. Some parts of the Act are not yet in force, and the supporting regulation has not been published. The purpose of this Act is to: Create a publicly accessible register containing…
THE SARS NON-RESIDENT TAX STATUS CONFIRMATION LETTER AND THE EMIGRATION TAX COMPLIANCE PIN
Expats who have chosen to go through the formal financial immigration process with SARS, on completion of the financial immigration process they are issued with a letter by the South African Revenue Service (SARS) that contains their Emigration Tax Compliance Pin (TCS). A letter which has a validity period of…
MAURITIUS TAX TREATY NETWORK UPDATE
2 new items of news from an ongoing treaty network expansion. Hong Kong Treaty to be signed. On the 1st of April 2022 the Mauritius cabinet authorised the signing of a treaty with Hong Kong. The treaty is in line with the OECD and UN Model Agreements on avoidance of…
RELAXING OF EXCHANGE CONTROL OF REQUIREMENTS FOR CAPITAL TRANSFERS BY PRIVATE INDIVIDUALS RESIDENT IN SOUTH AFRICA.
In the South African 2022 Budget Speech, the minister of Finance announced that the criteria for South African resident individuals who wish to invest abroad, have been expanded upon. The changes as published in Exchange Control Circular No. 8/2022 came into effect on 23 February 2022 in South Africa and…