Switzerland Signed Automatic Exchange of Information Agreement with Hong Kong

Switzerland Signed Automatic Exchange of Information Agreement with Hong Kong

In October this year representatives of Switzerland and Hong Kong have signed a bilateral agreement which stipulates automatic exchange of information between the countries. Hong Kong has signed 14 more agreements earlier, specifically with Japan, SAR, Portugal, New Zealand, Netherlands, Mexico, South Korea, Canada, Italy, Ireland, Indonesia, Guernsey, Great Britain and Belgium. Switzerland started to […]

Singapore Launches Re-Domiciliation Option for Big Businesses

Singapore Launches Re-Domiciliation Option for Big Businesses

On 11 October 2017 amendments to the legislation of Singapore on re-domiciliation of foreign companies have become effective. Politicians believe that the new legislation can attract foreign companies that would like to enjoy legal and tax system of Singapore. However, only big businesses will be entitled to re-domiciliation to Singapore. Particularly, annual income or assets […]

Saint Kitts and Nevis Offers Citizenship for USD 150 000

Saint Kitts and Nevis Offers Citizenship for USD 150 000

A few weeks ago authorities of Saint Kitts and Nevis offered wealthy individuals citizenship for contribution to Hurricane Relief Fund in the amount of at least USD 150 000. The above-mentioned amount of contribution allows foreign investor as well as its family members to obtain citizenship of Saint Kitts and Nevis. It is worth to […]

New Corporate Legislation of Belize: Registers of Directors and Beneficiaries, and Prohibition of Shares to Bearers

New Corporate Legislation of Belize: Registers of Directors and Beneficiaries, and Prohibition of Shares to Bearers

Recently a new corporate legislation on IBC entered into force in Belize. Now, all the companies must have Registers of Directors and Beneficiaries. Also, shares to bearers were prohibited. The above changes will be applied to both: new IBC companies and companies registered before the legislation entered into force. The companies must fulfill the new […]

Estonia Increases Tax-Deductible Income to EUR 500

Estonia Increases Tax-Deductible Income to EUR 500

As from 1 January 2018 amendments to tax legislation of Estonia regarding taxation of individuals’ income will become effective. One of the main changes refers to increasing of tax-deductible income from 180 to 500 euro. Although, personal income tax rates will become the same (average tax rate is about 20%). Thus, once legislative changes become […]