Wednesday, 23 December, 2009

Vistra celebrates its third anniversary - December newsletter (edition 11)

Vistra celebrates its third anniversary.

Last month, it was three years since the Vistra brand was launched. During this time Vistra has grown into a truly Global provider of trust and corporate services, present in twelve jurisdictions. The articles in this edition underscore Vistra's Global reach in dealing with diverse issues related to different jurisdictions.

In the previous edition of our newsletter, we discussed the changing face of fund administration. In this edition, we have a closer look at a recent decision of the European Court of Justice, which gives a significant boost to the Luxembourg fund market.

Furthermore, we have an update of recent changes to UK tax legislation, including residence and domicile and the extension of the New Disclosure Opportunity to 4th January 2010. In addition the relevant points of the Pre Budget Report (9th December) are highlighted.

Also, we debate some improvements to Cyprus tax legislation, which makes the jurisdiction an even more attractive place to establish intermediary holding companies. Finally, we put the spotlight on Hong Kong Double Tax agreements, making the jurisdiction the perfect gateway between Asia and Europe.

I wish you all a Merry Christmas and all the best for the exciting year to come.

Bart Deconinck
Chief Executive Officer