In the past few years several countries recognized the economic advantages of attracting expats and adapted their tax systems to become more attractive by offering tax incentives, simplifying procedures, and providing competitive tax rates
Relocation packages are a valuable resource for individuals and offer a range of benefits and support to ensure a smooth transition into the new environment
“In the Chief Executive’s 2023 Policy Address, the Hong Kong Government intends to facilitate no less than 200 family offices to set up operations or expand their business in Hong Kong from 2022 to 2025.” – The Chief Executive’s 2023 Policy Address (25 October 2023)
It is crucial that companies assess the Permanent Establishment risk before undertaking a remote working policy
We are in a new age, working remotely abroad is achievable and hugely appealing, however it is paramount that the legal right to work is first considered
UK-owned assets passed to loved ones can attract tax upon death – everyone should understand the implications and plan appropriately!
Due diligence remains an essential exercise during or prior to any potential transaction. Not only does it provide a clearer picture of how a target company operates, but it also determines the commerciality of the potential transaction, as well as providing points for negotiation between the parties. There are a wide range of areas to be considered by parties – this article highlights the more common and significant areas to be considered by potential purchasers and sellers in due diligence.
The Importance of Tax Planning – the need to pay attention to Inheritance Tax (40%) before moving to the UK
As a well‐recognised international financial centre, Hong Kong is set to become the largest hub for family offices by 2025
It is imperative to pay attention to the 40% estate tax before moving to the UK – and also to look at many different pre-migration options