The Dubai Design District, known as ‘d3’, is one of the newest Free Zones created to encourage investment in the arts, design and fashion industry in the Middle East. The Free Zone attracts a trendy design community by hosting workshops, design trade shows, conferences, brand launches, fashion events, art shows and much more.
Companies in the Free Zone can either act as a Free Zone entity or as an onshore business (in the latter case foreign investment restrictions might apply). For individuals, freelance permits are issued so that talented young artists and designers have the opportunity to showcase their work.
Free Zone licences are often a preferred option for companies that wish to retain 100% foreign ownership. Operating with a...
Six Directors from Vistra have been included on the 2015 Citywealth Leaders List.
The Citywealth Leaders List is a list of recommended individuals in private wealth management and the private client sector. It is compiled annually as a result of extensive research and the input of a huge number of people within these sectors.
Christine Tan, Executive Director of Trust Services at Vistra Singapore, and Jane Pearce, Managing Director at Vistra Jersey, have been included in the Power Women category which recognises females in the financial services industry who influence both peers and clients. Christine and Jane have also both been listed as a Prominent Figures alongside Managing Director of Vistra Switzerland, Walter Stresemann.
On 23 July, the Belgian federal government agreed the budget review for 2015 and 2016 and the implementation of the long awaited tax-shift plan.
The aim of the tax shift is to reduce the Belgian tax burden on labour, improve the competitiveness of Belgian companies and create new jobs. The loss in tax revenue will be compensated with taxes on other incomes.
The agreement involves a number of new tax measures that may impact Belgian businesses:
Personal income taxes will be decreased for low- and mid-level wages.
Employers’ social security contribution will be reduced gradually from 33% to 25%.
A limited speculation tax will be charged on capital gains realised on quoted shares sold within six months of their acquisition. Any losses...
Vistra Shanghai hosted a grand new office opening ceremony on 14 August 2015, following the completion of its relocation to a new workspace in the Shanghai CBD.
The new office provides more work space and is an important part of the company’s growth and expansion plan.
The opening ceremony was attended by more than 80 participants. Guests had a tour in the new office and enjoyed the opening ceremony and cocktail reception. They were impressed by the spacious, modern design of the new office. Our staff also took this opportunity to greet and mingle with the guests.
Vistra Shanghai thanks all those who joined us for the celebration.
Vistra has today announced the expansion of its Cayman Islands' operations and the recruitment of a Cayman resident Managing Director. This is in response to the growing demand for Cayman Islands structures.
Clive Gibbons will lead Vistra Cayman Trust Limited as Managing Director. Clive has over 15 years offshore experience within the banking, trust and corporate services sector. Born and educated in the UK, he has spent considerable time in Guernsey, the British Virgin Islands and London, before relocating to Cayman in 2013. Clive is a qualified financial advisor, holds an ICA diploma compliance management and is an accredited director with ICSA Canada. He has sat on numerous boards as a director during his career and is a member of the...