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Going Global with Citizenship by Investment

By Micha-Rose Emmett  In the wake of globalization, the doors have been opened to cross-border business and a multi-jurisdictional lifestyle. Those seeking to obtain or take up citizenship, or residence rights in another country, are simultaneously gaining entry to a wider array of countries. This provides individuals with greater freedom of movement and the ability to access a more international platform. Business-minded individuals will also look to alternative citizenship or residence as a means of opening themselves up to new and lucrative international business opportunities, and of expanding their global presence. It is public knowledge that a global class of highly skilled professionals,from...

The Bahamas and China: A History of Friendship

While the Commonwealth of The Bahamas and the People’s Republic of China established diplomatic relations in 1997, a robust relationship between the two countries -- created through trade, investment and the movement of people -- has existed for decades. Michael Craton and Gail Saunders (1998), in their seminal work on the modern history of The Bahamas, note that this relationship goes back to the late 1870s with the arrival of Chinese families in Nassau. Today Bahamians of Chinese descent occupy prominent places in industry, commerce, civics and philanthropy. The Bahamas and China continue to enjoy harmonious relations with deep cooperation...

Paragon Europe: Your Business Partner in the Mediterranean

Anton Theuma, Director Paragon Europe. What could be better than doing business with a group of islands – the Maltese Islands - in a relaxed atmosphere, in ideal climate conditions, genuine food and meeting hospitable people? Situated in southern Europe, in the middle of the Mediterranean Sea, the Maltese islands offer the above and much more. The islands have been members of the European Union since 2004 but they also have excellent business relations with neighbouring regions such as North Africa and the Middle East.Paragon Europe: Your Business PartnerSet up in 2004, Paragon Europe (www.paragoneurope.eu) is a services -based company offering...

Malta – The EU Trust and Foundation Jurisdiction

Certainty and Security.  Malta is, as a civil law country within the European Union with a distinct Anglo-Saxon heritage, well placed to offer the benefits of both systems in a trust and foundation context. The Maltese Trusts and Trustees Act, together with the relevant provisions in the Maltese Civil Code, offers a robust framework for both trusts and foundations. Together with the Maltese Companies Act which regulates limited liability companies and partnerships, Malta can provide the legal entities and structures needed in international financing, wealth management, trading and other areas of business. International Finance Centre Malta has quietly emerged as...

U.S. Pre-Immigration Asset Protection

By David Richardson, Mid-Ocean Consulting Ltd.Foreign nationals planning on a move to the U.S. need consider pre-immigration planning to protect their assets from risk of attachment and the rising level of taxation on the wealthy. The following is a brief on planning that could exempt assets from such seizure and taxation.  Absent major tort reform, wealthy Americans (and increasingly, HMW individuals internationally), are seeing a rise in litigation to historically elevated levels; on a per capita basis, far greater than any other country in the world. And the increase shows no sign of abating. Added to which, increased taxation to...

LIBERIA – Global Pioneers in the Offshore Wealth and Tax Planning Industry

Hilary Spilkin. Hilary Spilkin is an international tax attorney and alumna of the Thomas Jefferson School of Law Master of Laws program. As Managing Director of the Liberian Corporate Registry, Hilary oversees the development and administration of the non-resident domestic business registry, while also being responsible for reviewing and recommending changes and providing policy determinations on the Liberian Associations Law and other legal provisions affecting Liberia’s non-resident domestic business entities. Hilary also is part of the Liberian advisory panel to the Organization for Economic Cooperation and Development (OECD). The CountryLiberia is one of the oldest corporate jurisdictions and has provided corporate...

Guernsey – a leader in trusts and foundations

By Wendy Weng, Guernsey Finance.  Guernsey,as a leading International Finance Centre (IFC), has significant experience and expertise in supplying offshore wealth management services to individualsfrom around the world, including China. With a heritage dating back more than 50 years in the provision of financial services, Guernsey’s wealth management sector is made up of more than 150 lead corporate licensees, ranging from local, boutique providers to large, multinational organisations. The Island provides a third country location from which Chinese individuals and families, who may be spread across the globe, can protect and manage their wealth and assets in a tax efficient...

Foundations and Trusts in Liechtenstein: An overview of Asset protection and Asset succession planning instruments for wealthy Chinese

The Principality of Liechtenstein is a leading traditional and modern international financial centre as well as a strong manufacturing industrial sector. In 2010 China and Liechtenstein celebrated the 60th anniversary of the beginning of their diplomatic and economic relationship. At the Expo in Shanghai Liechtenstein was represented with a Pavilion and in autumn 2014 China will be the guest country at the local fair in Liechtenstein. Liechtenstein’s commitment to tax transparency is demonstrated firstly by the fact that in January 27, 2014 the People’s Republic of China and Liechtenstein signed an Agreement for the Exchange of Information relating to Taxes...