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Draft BVI guidance on economic substance requirements expected April
Industry Alert: Draft BVI guidance on economic substance requirements expected late April 2019 Earlier this year, the government of the British Virgin Islands (BVI) enacted the Economic Substance (Companies and Limited Partnerships) Act of 2018 that came into effect on 1 January 2019. In a nutshell, the Act aims to…
Italian fixed tax regime or “res-non-dom” scheme
Following on from the UK’s assault on the resident non-domiciled rules, Italy has introduced a very attractive alternative for those seeking certainty at a reasonable cost right in the heart of Europe. From 1st January 2017 individuals can transfer tax residence to Italy and gain benefit from a fixed flat…
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.…
Italy Introduces Non-Domiciled Tax Regime
Italy has taken the plunge and set out to attract high net worth individuals to its shores. It may prove remarkably attractive. The Italian Tax Code was amended in the 2017 budget approved by Parliament in December 2016. The timing coming on the heels of the tightening up of the…
Brexit: EU Parent Subsidiary Directive Implications
The implications of Brexit are continually coming to the fore and we will examine them as they surface. One of the benefits for a company of being incorporated in the EU is that any number of provisions have been implemented in order to avoid tax obstacles for companies operating across…
Brexit: Right to Live and Work in Europe and the UK
Well Brexit is upon us. What has been posed as a possibility is now a reality, and the implications are only just beginning to be absorbed. David Cameron has resigned and indicated that he will leave it up to his successor to invoke Article 50 of the Treaty to start…
The New EU Succession Regulation
With the spirit of bringing about ‘measures aimed at ensuring the compatibility of rules applicable in Member States concerning conflict of laws and of jurisdiction’ the newly EU enacted “EU Succession Regulation” (“the Regulation”) 2012 has brought about much needed legal certainty around succession law in the EU. The new…