Effective 23 September, the Maples group will expand its physical presence in Dubai with a relocation of its two offices to one location.
Since Maples and Calder opened in 2005 and MaplesFS in 2008, the Maples group has maintained a unique on-the-ground presence in Dubai. Our dedicated team brings an unmatched level of expertise that draws upon jurisdictional knowledge and experience and provides clients with local time zone and language support. This, coupled with the strength of the Maples group globally, has solidified our reputation as a market leader in the provision of legal, fiduciary, fund administration, fund and entity formation and management services to clients in the region.
The attached article sets out seven reasons to register an aircraft in the Cayman Islands.
In this piece Manuela Belmontes discusses the growth of Islamic finance in various offshore centers, including the Dubai International Financial Center (DIFC). Her contribution formed part of the 2018 edition of Islamic Finance News's Annual Guide, published by Red Money Group in December 2017.
Following the release of the Chambers and Partners Global Guide 2017, Maples and Calder continues to make significant achievements in both the individual lawyer and practice group rankings.
Owners of British Virgin Islands ("BVI") companies that hold UK residential property (together with other interested parties such as settlors of trusts) will have been following closely the changes made over the last three years to the taxation of UK residential property held by companies. On 19 August 2016 the UK Government published a consultation on further reforms to the taxation of non-domiciles, from which it is clear that from April 2017 residential property in the UK held by non-UK companies will be subject to inheritance tax. This will be a significant change to the current position, where the UK real estate of many non-domiciled investors held (or 'enveloped') through non-UK companies has been excluded from UK inheritance tax.