Ras Al Khaimah (RAK), is one of seven emirates of the United Arab Emirates (UAE). RAK is regarded to have the highest degree of industrialization in the UAE. This location is a prospective destination for a large number of foreign investors and business owners because of the recent favourable legislation for foreign holding and financial companies. The RAK enacted a law allowing for the formation of foreign owned International Business Companies (IBC) called the “Ras al Khaimah International Corporate Centre Business Companies Regulations of 2016”.
What does the Office of Tax Simplification (OTS) advising the Treasury to consider precisely? Their first report released on Nov 11 covers principles underpinning CGT and policy design. Since the Government is actively looking for ways to repair the public finances, it puts the Treasury under pressure to raise the level of CGT. Their recommendation of alignment of CGT rates with income tax may lead to effective top CGT rate of 45%.
An offshore jurisdiction is not just a country with favourable tax conditions. It is a territory with a regulatory regime useful for business, financial and personal purposes. In 2020, the emphasis on the use of offshore jurisdiction has shifted from business to personal matters.
Housing Secretary Robert Jenrick MP has confirmed house moves can still go ahead in England when the national lockdown comes into force.
A nationwide lockdown will be introduced across England, effective from Thursday 5th November until 2nd December, the Prime Minister announced. The exact measures will be voted on in Parliament on Wednesday after debates.
The country's recession — could deepen, say analysts in the mainstream media. But, don't let negative headlines blow you off course. We believe many UK companies are perfectly capable of delivering attractive returns to investors. The recent Daimler AG acquisition of the 20% stake in Aston-Martin Lagonda is just one of those signs of trust.