#Investments Archives - Page 2 of 2 - Law firm Finance Business Service: offshore registration, tax planning, legal services

New Zealand propose to improve invest tax

Published: Sergey Panov | 11.07.2016 | news

The government of New Zealand release 7 July 2016 discussion document contain proposals aiming for improving administrative invest tax. These proposals can make easy a year process for taxpayers and increase in the system at the same time, Revenue Minister Michael Woodhouse said. "Payers of interest, dividends, and taxable Maori authority distributions currently provide tax certificates to the recipients of the income. Need to gather all of this certificates from it different income sources to meet their end of year tax obligations." Woodhouse said. It would be better for income to collect that entire information collect that information direct from the payers and use it to pre-populate the recipients' tax records." To get this target the discussion document proposes that: All investment income payers will provide this information to the Internal Revenue often. The deadline for feedback on the proposals on 19 August 2016. Author: Sergey Panovmanaging partner Finance Business...

In Ukraine abolished the order of registration of public investment

Published: Sergey Panov | 03.06.2016 |

31.05.2016 Supreme Rada of Ukraine approved at the plenary session a draft law number 2763 "On amendments to certain Legislative Acts of Ukraine concerning the abolition of mandatory state registration of foreign investments." The main purpose of this draft law is the maximum simplification of the investments order that are extremely important for entering to the Ukrainian market foreign investments. Obligation of such registration additionally made the barriers for doing business in Ukraine. The document is aimed before all at improving the promotion of foreign investments in Ukraine economy by simplifying the procedure of their involvement, including the introduction of application principle of state registration, that is supplying only appropriate forms and timing of statistical reporting of foreign investments which already done. However, achieving this goal is only possible through the abolition of the relevant articles regarding mandatory state registration of investments, including foreign ones. In this way, we can conclude that a draft law number 2763 will allow to attract foreign investments through the elimination of pre-registration, which will also facilitate...

Real Estate Market Predictions for 2016

Published: Sergey Panov | 02.06.2016 | blog

"Forewarned is forearmed". This statement is suitable for majority fields in business area and for real estate market too. Where is planning price rising and where is reducing and why, market of what country choose, in what invest your money - long-term or short-term perspectives? To find the answers for all of this questions more easer when you keep a clear line of sight, what a real estate development for the coming year, experts predict... Bulgaria is European country and a big amount of foreign investment give an incentive for permanent development in all activity fields. A considerable share of investments directed to the real estate sector, what in turn give a good prospect. According to prediction - real estate market of Bulgaria will be rising in 2016. Unstable economic and political situation in Ukraine, conflict situation in Turkey ad Egypt play into the hands for Bulgaria. All this events induce interest among the citizen of these countries to the fallback maneuvers. Costumers of building company more often account a proposition for year-round stay, if so that in case of aggravation of the situation in the country could safely take the suitcase and leave. An...

Another mitigating of the exchange restrictions on the monetary and foreign exchange markets of Ukraine by the National Bank

Published: Sergey Panov | 10.05.2016 |

National Bank of Ukraine mitigates previously established restrictions on certain foreign exchange transactions on May 11, 2016. Thus, in the decision NBU number 308 of May 5, 2016 "On amendments to some legal acts of the National Bank of Ukraine" (hereinafter - the "Decree № 308"), it is assumed that now the company does not need to sell in foreign currency received for foreign investment in Ukraine. So this operation does not apply to the requirement for compulsory sale of funds in foreign currency at a rate of 75 percent as it was before. This rule will be in effect until June 8, 2016. Also the Decree number 308 reduced time for operations to reserve funds authorized banks in the national currency and for the transfer of funds in national currency on correspondent accounts of foreign banks from four to three business days. So now inclusive of the June 8, 2016 the National Bank of Ukraine will confirm the information within 3 days that the competent authorized banks in foreign exchange transactions will make the register. Besides this lifted the ban on the purchase of foreign currency funds for the products that had been imported to Ukraine before January 01, 2015,...

Canadian Budget focuses on tax compliance

Published: Sergey Panov | 24.03.2016 |

The budget was provided by the Minister of Finance Bill Morneau on March 22, 2016. The government has invested about 339.6 million dollars to the Canadian Revenue Agency. The measures included in the budget: The Government will undertake a review of the tax system in the next year in order to eliminate inefficient tax measures. To postpone any further reduction in the tax rate on business income. Introduce an exemption from income tax in respect of capital gains on certain private equity or real estate corporations, where receipts are donated by a registered charity within 30 days. Canada Revenue Agency will lead the fight against tax evasion. The money will be used to hire additional auditors and experts to develop robust business intelligence infrastructure. It will also be invested in improving the ability to collect outstanding tax debts. The Government will implement a number of recommendations made by the Organization for Economic Cooperation and Development. New legislation to strengthen the transfer pricing documentation, demanding accountability from large multinational corporations will be presented. Author: Sergey Panovmanaging partner Finance Business...

Ministers of Northern Ireland put forward plans for the reduction of corporate tax

Published: Sergey Panov | 16.03.2016 | Без категории

First Ministers of Northern Ireland government put forward a plan to cut the corporate tax rate and make it equal to 12.5% by April 2018. At the moment, the corporate tax rate in the UK is 20%. But after Britain and Northern Ireland’s power-sharing parties in November 2015, the executive branch of Northern Ireland will set its own level of tax rate from April 2018. In Britain, the corporate tax rate will also be reduced to 19% in 2017 and to 18% by 2018. First Minister Arlene Foster and his deputy Martin McGuinness are in the US on a trade mission. Speaking at a meeting in New York, Foster said: "reduced corporate tax rate would significantly increase the attractiveness of Northern Ireland as an investment location for both existing and potential new investors and will benefit local businesses. No region in Western Europe will not have a lower corporate tax rate, so in combination with government support job creation, training and research, Northern Ireland will be one of the most attractive countries for doing business in Western Europe. " According to McGuinness, reduced corporate tax rate will mean that Northern Ireland will be able to "bid for the...

EU, EFTA discuss free trade

Published: Sergey Panov | 02.03.2016 |

Legislators of the European Free Trade Association (EFTA) met with European Union Trade Сommissioner to discuss priorities in the free trade zone. EFTA Parliamentary Committee met with Commissioner Cecilia Malmstrom on February 23. They discussed a new strategy of Commission, "Trade for all" which aims to make EU trade policy more effective in providing new economic opportunities, as well as more transparent, in terms of opening negotiations to strengthen public control. Rather than focus on the interests of the EU trade policy will uphold EU values. The participants discussed the ongoing negotiations on the partnership of the transatlantic trade and investment partnership. The Committee also met with sever members of the European Parliament including Viviane Reding, the rapporteur on the Provision of trade services agreement. Also, Committee members found out how the European Parliament is involved in the international negotiations of a trade agreement. EFTA countries are Iceland, Liechtenstein, Norway and Switzerland. Author: Olena Kutova senior lawyer of the Finance Business Service company ...

Offshore fund

Published: Olena Kamenetska | 19.05.2015 | news

Entrepreneurs with successful experience of investing abroad their own funds are very often interested in investment operations with assets of the third parties. Pooling investors usually allows investing money at much more favorable terms. This is the main reason for the existence of investment funds. Investment fund is a subject of law, which is different from all other entities, known in the common law that it is not legal personification of a person or group (as in the case of a corporation); it is rather a subject that has no owners (shareholders, members or partners) and traditionally has a specific target orientation – profit group of individuals. Activities of the Fund are subject to regulation by the State where the fund is registered. That is why it is advantageous to register such fund in the offshore zones. In these countries, the regulation comes down to ensure that the fund must obtain permission from the authorities on their activities and submit timely reports on the statutory form. The investment activity of the fund itself is practically not regulated, which makes it possible to invest in a wide variety of instruments. Investment funds are divided into two...

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