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The Beneficial Ownership Register
The Isle of Man has worked tirelessly over the last two decades with international bodies and individual nations with the objective of stamping out terrorist financing, corruption, tax evasion and money laundering. The introduction of the Beneficial Ownership Register is another area where the Manx Government is cooperating and contributing to the fight against illicit activities.
Cross-Border Company Formations
Finding the right structures to meet client expectations - International expansion has many challenges ranging from accessing new markets, absorbing new regulations and sourcing new employees. Before all this can happen though, the way a company is structured needs to be prioritised to ensure the business can operate efficiently and effectively.
Basil Bielich to attend TAG Paris Conference
Peregrine director Basil Bielich will be heading to Paris to attend the TAG Alliance annual spring conference in May. Taking place between the 3rd and 5th of the month, the conference is expected to attract more than 200 delegates from around the world.
Peregrine Corporate Services Limited (“Peregrine”) was first established in 1986 to provide company and trust administration services on the Isle of Man to a worldwide client base.
London Tax Expert gives presentation at Burleigh Manor
Peregrine Corporate Services Limited (“Peregrine”) welcomed guests to Burleigh Manor on Tuesday 28th March to a presentation about changes in UK Tax Legislation and the potential impact for those in the Isle of Man. The presentation was given by Liz Cuthbertson, a senior tax partner from Mercer & Hole Accountants in London.
Limited Liability Companies – An Overview
As a modern Finance Centre the Isle of Man provides a wide variety of legal structures for businesses & individuals, including 1931 & 2006 Act Companies, Foundations, Trusts & Limited Partnerships.
“Golden Trusts” – Your Last Chance
There is a looming change in the UK deemed domicile rules which means many may become UK domicile from 5th April 2017. As a result, those affected by the change could have greater exposure to the UK net for income tax, capital gains and inheritance tax (“IHT”).
UK Budget Evaluation
Despite a disproportionate (in my opinion) reaction in the media to the proposed changes to National Insurance for the self-employed, the recent UK Budget did not generate much in the way of headlines. The Chancellor appears to have used this Budget to keep Government policy relatively stable, presumably to allow for more radical changes in future if the impact of Brexit requires such action.
Isle of Man Budget Comment - Nick Kelly
This year’s Budget was presented to the Manx people by new Treasury Minister, Alfred Cannan MHK, which was no doubt a difficult task. He announced this budget intending to help the working families and individuals who have had to tighten their belts over the past few years.
Portfolio feature - Three things the Isle of Man Government must do in 2017
The Isle of Man witnessed its fair share of intriguing events during 2016 but the Island must now look ahead and take advantage of what 2017 has to offer. In these, seemingly ever, challenging times, here are three things the Isle of Man Government must do in 2017...