News 2013

28-11-2013 : Amicorp Mauritius assists clients in implementing compliant corporate governance structures

The Financial Services Commission (‘’FSC’’) has recently issued a communiqué – Amendments to the Guide to a Global Business - in an attempt to position Mauritius as a jurisdiction of substance...(普通话 | Español | Русский)

22-10-2013 : China signs the Convention to allow Automatic Exchange of Information on Tax

On August 27, 2013 China signed the Convention on Mutual Administrative Assistance in Tax Matters (the Convention), making China the 56th signatory to the Convention. With China’s signature, all G20 countries have now signed the Convention. This is the first time China has signed a multilateral tax instrument...(普通话 | Español | Русский)

18-09-2013 : Amicorp Trustees India: Creating more awareness for trusts in India

Tariq Aboobaker, managing director of Amicorp Trustees India, explains the role and value of corporate trustees, and discusses the most effective way for individuals to think about, and use, trusts....(Español | 普通话)

03-09-2013 : Amicorp Group acquires Monaco-based Jason s.a.m.

HONG KONG, 2 September 2013 - Amicorp Group (Amicorp) is pleased to announce the acquisition of Jason s.a.m (Jason). Jason is a corporate management and fiduciary services provider based in Monaco. Jason has a wide client base of international corporate and high net worth entrepreneurial clients...(普通话)

30-08-2013 : FATCA - New Tax Information Reporting and Withholding Regime

The Foreign Account Tax Compliance Act (FATCA) is a US law enacted on March 18, 2010, as part of the HIRE Act. Final FATCA regulations were issued January 17, 2013 and provide various clarifications and alignments. Meanwhile, intergovernmental agreements (IGAs) are also being concluded by the US with various Inter Governmental Agreement (IGA) partner countries to eliminate legal barriers and to facilitate execution of FATCA in these partner countries...!--(Español | 普通话)

17-07-2013 : The Chilean Private Investment Fund (“FIP”)

Amicorp enables clients to invest worldwide in an efficient manner. Amicorp utilizes a fund administrator located in Chile, whose objective it is to provide superior absolute returns and a tailor made investment strategy directly linked to the risk aversion and the investment experience of its clients...(Español | 普通话)

15-07-2013 : Captive Insurance and Segregated Cell Companies

Careen A. Byfield Leyshon, the Managing Director of Amicorp Barbados, has written a featured article in a Euromoney yearbook publication (www.euromoneyplc.com/yearbooks), “International Financial Centres”, on the subject of captive insurance and segregated cell companies...

28-06-2013 : New Criteria for Granting Cypriot Citizenship to Investors

The Government of Cyprus has recently announced a revised set of criteria for granting Cypriot citizenship to foreign investors, in an effort to promote foreign investment in Cyprus...(Español | 普通话)

13-06-2013 : Focus on Argentina

The 1976 agreement between Argentina and Chile to avoid double taxation on income and capital gains (ratified by law 23.228 at the end of 1985) was terminated on June 29, 2012. As a result, an interesting tax planning possibility that was widely used by Argentine taxpayers is no longer available...(Español | 普通话)

10-06-2013 : Peru's Controlled Foreign Company Rules Regime

Peru’s “Controlled Foreign Company Rules” (CFC Rules) have been in force since January 1, 2013. This new regime is applicable to any Peruvian resident, who controls a non-domiciled entity that, according to the law, qualifies as a Controlled Foreign Company (CFC) regarding their passive income. Thus, CFC Rules shall be applicable to passive income received (not necessarily distributed) by a company directly or indirectly controlled by a Peruvian resident...(Español | 普通话)

06-06-2013 : Focus on South America

The Colombian government has been very active in negotiating agreements that enhance its economic expansion, improving incentives to attract foreign investments in a competitive and transparent way following the global trend. In addition to the recent tax reform, the following agreements were recently negotiated...(Español | 普通话)

27-05-2013 : The US-Mexico FATCA Agreement

Effective as of January 2013, Mexico and the United States of America have committed to coordinate efforts in order to collect financial information and exchange it on an automatic basis with the main purpose of improving international tax compliance...(Español | 普通话)

22-03-2013 : FATCA - New Tax Information Reporting and Withholding Regime

The Foreign Account Tax Compliance Act (FATCA) is a new US law enacted on March 18, 2010, as part of the HIRE Act. Final FATCA regulations were issued January 17, 2013 and provide various clarifications and alignments. Meanwhile, intergovernmental agreements (IGAs) are also being concluded with various countries to eliminate legal barriers and to facilitate execution of FATCA in these partner countries. FATCA will become effective January 1, 2014, so now it is time to prepare...(Español | 普通话)

20-03-2013 : An update on the Cyprus Bailout

Late yesterday afternoon, March 19th 2013, during an extraordinary session, the Cyprus Parliament voted against the bailout plan for the island’s economy which was proposed last Saturday March 16th, by the Eurozone Finance Ministers council (the “Eurogroup”)...

14-03-2013 : Aminews Asia Quarter 1 2013

One goal of information exchange is to identify those citizens or residents who are hiding undisclosed income and assets in offshore jurisdictions. A chart of the current status of information exchange agreements in China, India and Indonesia reveals interesting results...(普通话)

25-02-2013 : Cyprus – Update on obtaining residency permit

Cyprus has recently experienced an increase in applications for a residence permit. The holder of such a permit enjoys free entry to Cyprus as well as the countries of the European Union and the Commonwealth. This is exactly what attracts applicants to seek Cyprus residency status these days...

22-02-2013 : Mauritius Freeport Zone: Tax Free Access to Regional Markets in Africa

In a competitive global market, it is important for businesses to choose the best location for their processing activities and centralized distribution system. The Mauritius Freeport, established in 1992, boasts excellent infrastructure and transshipment facilities and highly qualified labour forces, and offers investors extremely attractive incentives. Today, it is the trading hub of eastern and southern Africa...(Español | 普通话 | Pусский)