Web Analytics




Investor Visa for Italy – Get Italian Residency & Citizenship by Investment

Find out how China Offshore can introduce you to new intermediaries and agents for your project or services. Book a call now!     By Schengen Visa Info   The Investor Visa for Italy is a two-year, renewable visa for foreign nationals intending to make a large investment or donation in Italy.   As one of the largest economies in the world as well as a strategic pathway to the European Single Market, in recent years, Italy has taken action trying to paint itself as an attractive location for foreign investors.   One of these steps was introducing a special tax regime, which is particularly targeted towards holders...

Incentives Pay Off as Dubai's DMCC Takes in Record 2,025 New Companies in 2020

Its incentives and one-off offers were taken up by 8,000 existing member companies   By Gulf News Report   Dubai: The incentives seem to be paying off, with Dubai's free zone DMCC confirming a ‘record-breaking’ intake of 2,025 new companies in 2020 - its highest in five years.   The gains were primarily due to the Business Support Package’ launched in March, introduced after the pandemic broke. “This was the business hub’s largest ever commercial offer, offering a wide range of incentives and value-added services to both existing and new companies in the free zone,” the Dubai Multi Commodities Centre said...

UK applying to join Asia-Pacific free trade pact CPTPP

By Dharshini David   The UK will apply to join a free trade area with 11 Asia and Pacific nations, a year after it officially left the EU.   Joining the group of "fast-growing nations" will boost UK exports, the government says.   The Comprehensive and Progressive Agreement for Trans-Pacific Partnership - or CPTPP - covers a market of around 500 million people.   But they are harder to reach than neighboring markets in Europe.   Members include Australia, Canada, Japan, and New Zealand.   Brunei, Chile, Malaysia, Mexico, Peru, Singapore, and Vietnam are also founder members of the bloc, which was...

The next Cayman? Reflection on Offshore Finance and Offshore Company System Design in Hainan Free Trade Port

By Zhang Shiwei   As a free trade port with Chinese characteristics, the relevant system design of the Hainan free trade port cannot copy the offshore company law and offshore financial system of the traditional offshore jurisdiction. We may as well start from the local offshore and become the registered place of red chip offshore companies, so as to give full play to the location advantages relative to the traditional offshore jurisdiction, so as to play an important role in the overseas red chip private placement, listing and cross-border M & A of Chinese enterprises.   Recently, the Hainan Free...

How Can Overseas Industrial Parks Open a New Chapter of the Belt and Road?

By Loletta Chow   The Belt and Road Initiative will deepen international cooperation and advance economic growth in countries along the route.   Today, China's overseas industrial parks have become an important medium to promote B&R development and international capacity cooperation. The overseas industrial parks effectively encourage China's advantageous industries to “go abroad”. For host countries, these industrial parks have attracted more Chinese enterprises to invest and build factories in their countries, which will not only drive employment and tax revenues, expand exports and foreign exchange, but also strongly promote their industrialization and upgrade of industries.   The overseas industrial parks...

The New China Individual Income Tax (IIT) Law and Its Impacts on Overseas Chinese

By EY Greater China   The fifth session of the 13th National People’s Congress Standing Committee passed the revisions to the China Individual Income Tax (IIT) Law on 31 August 2018. The effective date of the New IIT Law is 1 January 2019.    We will discuss the issues which may have impacts on Chinese nationals who have overseas income and their Chinese employers in the following.    The new China Individual Income Tax (IIT) Law implies more strict registration requirements. Chinese employer needs to register outbound employees’ information before the end of February of the following year. It also means increased employer obligations as...

Defending What Is Ours By Right

By: Alex Muscat   My role as a parliamentary secretary enables me to encounter many individuals daily. Recently, one individual explained to me how her daughter was able to keep abreast of online learning thanks to one, simple step: we have provided her with a tablet to continue her education and stay connected.   This tablet initiative was made possible only through funds achieved by means of foreign direct investment. We have provided laptops and tablets to children who come from economically disadvantaged backgrounds with the aim to give all students the same opportunity for education.   There is no...

Calls for Infringement Procedures Against Golden Visa Countries Dismissed by von der Leyen

By: Christian Henrik Nesheim   President of the European Commission, Ursula von der Leyen has dismissed calls from Green Party MEP Sven Giegold this week to launch the same infringement procedures against golden visa jurisdictions Spain, Portugal, Greece, and others as it recently did against Malta and Cyprus over their citizenship-by-investment programs.   Giegold’s arguments adhered to the by-now-familiar refrain of IM-antagonists: “Golden visas open the door for criminals. They can easily launder their dirty money in the EU and avoid taxes,” Giegold said this week, reports The Express.     The MEP, a long-time, vocal opponent of investment migration, who is a co-founder...