Knowledge Base

Author :

Dmitry Kucheryuk

Start a Company in Cyprus – Tax & Residency Benefits 2025

Strategic EU location & low taxes make Cyprus ideal for company formation in 2025. Enjoy Cyprus IP Box tax breaks, Golden Visa & the 60-day tax residency rule.

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Hong Kong Articles of Association 2025: Complete Guide

Hong Kong Articles of Association 2025 guide: essential for company setup and compliance. Covers purpose, mandatory content, and how to amend under new laws.

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UAE and Australia Witness Surge in HNWIs, While UK Faces Significant Wealth Outflow in 2023

According to the recently published Henley Private Wealth Migration Report 2023, the UK is projected to experience a net outflow of 3,200 high-net-worth individuals (HNWIs) in the coming year. In contrast, Australia is projected to attract the highest net inflow of HNWIs in 2023, with an estimated 5,200 individuals seeking to establish residence there.

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Understanding Singapore's RORC: A Transparent Approach to Corporate Governance

Singapore has established the Register of Registrable Controllers (RORC) as part of its ongoing commitment to fostering transparency and combating illicit financial activities. This article will delve into the critical aspects of the RORC, its significance, and how it reinforces corporate governance in Singapore.

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Understanding the Register of Registrable Controllers (RORC) in Singapore

The Accounting and Corporate Regulatory Authority (ACRA) in Singapore has implemented the Register of Registrable Controllers (RORC) to enhance the transparency of ownership and control of corporate entities. This initiative is part of ACRA's ongoing efforts to uphold Singapore's reputation as a trusted financial hub.

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Hong Kong introduced an updated regime for foreign source income exemption (FSIE)

To align with global initiatives against tax evasion and ensure fair taxation, Hong Kong has revised its Foreign Source Income Exemption (FSIE) regime for passive income. The amendments were made in accordance with the European Union's Guidance on FSIE regimes, following Hong Kong's inclusion in the EU's watchlist of jurisdictions with potentially harmful tax practices in 2021.

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