• IN486 - Portugal - New Golden Visa Investment Routes

    IN486 - Portugal - New Golden Visa Investment Routes 15,000 high net worth individuals and their families have moved to Portugal since 2009. Portugal appears to be the place to be, with beautiful scenery and cities like Lisbon, Porto and Funchal to explore. Families who have moved to Portugal are attracted by the personal tax programme: the Non-Habitual Resident Programme. Non-EU individuals also have the option to move to Portugal by applying for the Golden Visa residence programme. 5,145 Golden Visa applicants have invested over €3,160 million in Portugal, up to June 2017. An … more

  • IN487 - Portugal - A Family and Business Friendly Jurisdiction

    IN487 - Portugal - A Family and Business Friendly Jurisdiction Since 2009 over 5,000 high net worth individuals and their families have made Portugal their home, attracted by the lifestyle, the Non-Habitual Resident tax regime and the Golden Visa residency programme. In 2014 the Portuguese Government made Portugal more attractive to companies by reforming its Corporate Tax Code to meet international standards. Since then Portuguese companies have enjoyed an internationally competitive tax framework that is also transparent, compliant and in-line with best international practice. As an … more

  • IN485 - New "60 Day" Tax Residency Rule for Individuals in Cyprus

    IN485 - New "60 Day" Tax Residency Rule for Individuals in Cyprus In July 2017, the Cyprus Parliament voted for an amendment to the current criteria used to determine Cyprus tax residency. In addition to the 183 day rule, a second test is being introduced in relation to an individual’s tax position in Cyprus. The  current “183 day rule” applies to individuals who have physically resided in Cyprus for more than 183 days during one calendar year. In addition to this, a second test will be implemented whereby an individual will be able to become Cyprus tax resident in 60 … more

  • IN489 - A New Residency Scheme in Malta and Favourable Changes to the Existing Residence and Visa Programme

    IN489 - A New Residency Scheme in Malta and Favourable Changes to the Existing Residence and Visa Programme Summary The new ‘Key Employee Initiative’ programme in Malta allows for work/residence permits to be issued to prospective key (non-EU) employees within five working days from the date of the application. Changes to the Malta ‘Residence and Visa Programme’ now allow the applicant and main dependents to apply for long-term residence in Malta after five years of residence. In addition, parents and/or grandparents of the main applicant and/or spouse can apply … more

  • IN464 - The Cyprus Investment Programme and the Benefits

    The Cyprus Investment Programme is rapidly becoming one of the EU’s most popular residence schemes. Non Cypriot citizens (and their families) can acquire Cyprus Citizenship by investing €2.5 million* in Cyprus. *In one specific set of circumstances as detailed below in the financial criteria, the investment required is €2.0 million. A non-Cypriot citizen who meets one of the financial criteria detailed below can apply for Cypriot citizenship ‘through naturalization by exception’. Following the application, Cyprus citizenship will be granted in six months, … more

  • IN406 - UK Tax Residence - Planning Opportunities, Case Studies and How to Get it Right

    IN406 - UK Tax Residence - Planning Opportunities, Case Studies and How to Get it Right Major reforms regarding how UK tax resident, non-UK domiciliaries (“non-doms”) are to be taxed will be implemented from April 2017. The changes will impact on individuals who have been tax resident in the UK for 15 years or more. The Attractive Remittance Basis of Taxation will Continue for Many Non-UK Domiciliaries The availability of the remittance basis of taxation for non-UK domiciled individuals who have been resident in the UK for fewer than 15 years will continue. The availability of … more

  • IN449 - Guernsey and the Isle of Man: Convenient Choices to Reset the Clock for UK Non-Domiciles

    IN449 GUERNSEY AND THE ISLE OF MAN: CONVENIENT CHOICES TO RESET THE CLOCK FOR UK NON-DOMICILES The UK non-domiciles regime remains a relatively attractive option with UK non-domiciliaries (“non-doms”) continuing to have the opportunity to enjoy significant tax advantages for a period of up to 15 years.  Changes to UK Non-Dom Legislation  Major reforms regarding how non-UK domiciliaries are taxed were however introduced in April 2017.  As detailed in the Dixcart note: UK Tax Residence - Planning Opportunities, Case Studies and How to Get it Right, the rule is … more

  • IN421 - The Isle of Man - Your New Island Home?

    IN421 - The Isle of Man - Your New Island Home? The beautiful Isle of Man is situated in the heart of the Irish Sea, centrally located between England, Ireland, Scotland and Wales.  Whilst the island may be small, just 572 square kilometres, with its rugged coastline and rolling hills it can give you and your family space to breath, relax and enjoy what island life has to offer.  The Isle of Man has been a self-governing Crown Dependency since 1866, and this political independence, combined with its strong democratic values, has enabled the Isle of Man to be governed … more

  • IN419- Restarting the Clock for UK Non-Domiciles and Alternative Residence Options to Help Maximise Days Spent in the UK

    IN419 RESTARTING THE CLOCK FOR UK NON-DOMICILES AND ALTERNATIVE RESIDENCE OPTIONS TO HELP MAXIMISE DAYS SPENT IN THE UK The UK non-dom regime remains an attractive option for individuals seeking to move from their country of origin or current location. UK non-domiciles continue to have the opportunity to enjoy significant tax advantages for a period of up to 15 years.  Changes to UK Non-Dom Legislation  However, major reforms regarding how non-UK domiciliaries (“non-doms”) are taxed were implemented in April 2017.  UK Tax Residence a Potential Strategy: to & … more

  • IN391 - Portuguese Golden Visa and the Non-Habitual Residents Tax Scheme - Making Portugal an Attractive Location for Residence

    Portuguese Golden Visa and the Non-Habitual Residents Tax Scheme - Making Portugal an Attractive Location for Residence Since the introduction of Portugal’s “Golden Visa” and a special tax regime for non-habitual residents, Portugal has become a destination of choice for many non-EU nationals. The Golden Visa enables non-EU residents to not only be resident in Portugal, but to also move freely within the Schengen Zone.  The “Non-Habitual Residents Regime” means that they can also enjoy low taxes or, in some cases, freedom from taxation in Portugal. EU … more