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In April 2017, 15 Vistra employees welcomed a class of around 30 third grade children in the Amsterdamse Bos to teach them how to enjoy the natural environment, even when living in the city.They started the day by working with the children to build tree houses, which not only gave them a chance to work on an interesting project but also gave everyone an opportunity to get to know each other. The children were able to use their creativity, using various natural materials from the forest, such as branches, twigs, leaves and soil. After about an hour, all of the teams had built wonderful hideaways in the woods. For their second activity, the children got to choose from a variety of different projects designed to teach them how to...
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Three of Vistra’s main offices have been awarded Employer Partner accreditation within the STEP Employer Partnership Programme (EPP). Vistra Hong Kong, London, and Zurich have achieved the STEP accreditation recognizing their commitment to their staff, as well as their guarantee to provide the best service to clients. STEP is the global professional association for practitioners who specialise in family inheritance and succession planning; it’s over 20,000 members across 95 countries promote best practice, professional integrity and education. The process of achieving the accreditation involved a comprehensive application process led by Kevin Ma, HR Business Partner, Corporate & Private Clients at Vistra Hong Kong, Sarah...
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The Parliament of Cyprus recently passed a bill amending the rules for determining the tax residency of individuals in the Republic, thus offering the opportunity to claim tax residence status in Cyprus without spending 183 days in Cyprus in a given tax year, which runs from 1st January – 31st December.Subsequently, an individual may be determined as a Cyprus tax resident where he does not remain in another state in excess of a 183-day period, within the same year of assessment and does not fulfil any other criteria of tax residence in that or any other state.The Cyprus residency criteria is met if an individual:Remains in Cyprus for at least 60 days during a tax yearCarries out any business in Cyprus and/or is employed in Cyprus and/or...
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‘Vistra 2020: The Uncertainty Principle’ has been featured in the latest Guernsey Press Quarterly Business Review.The publication features a mix of news, views, reviews and profiles on Funds, Technology and Corporate governance in Guernsey’s business sector. The article looks at the 2020 report findings that highlighted the need for offshore centres to become more vocal in defence of their own existence amongst other things. To download Vistra 2020: The Uncertainty Principle, please click here.
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Through our International Expansion Division, we help our clients ease through the administrative headaches of entering new markets. Vistra itself is now going through a dynamic phase of expansion and we have learnt a few things ourselves that we would like to share with you. 1. Define your goal – Think about what you want to achieve. Are you looking to expand your geographical coverage, product expansion, diversify your business, acquire technology, or get some return on investment? Imagine looking back after you’ve completed the project so you know exactly what outcome you want.2. Evaluate your risks – Consider everything that could go wrong. Think beyond the traditional financial and due diligence risks: study...
