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Shanghai FTZ Handles First Bonded Goods Shipment

The Waigaoqiao Bonded Logistics Park in the Shanghai Pilot Free Trade Zone recently handled its first shipment of cross-border e-commerce goods, marking the start of its operation. Cross-border e-commerce companies are now able to store their goods in bonded warehouses in the Park and enjoy favorable policies, such as easy…
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Cayman Islands Pledges No New Taxes

The Cayman Government has promised it will not impose any new duties or taxes, in a recently released statement. It also says it will "strive" to reduce the tax burden on households and businesses through tax and duty reductions, where this can be done prudently. The promises on taxes and…
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BVI to Waive Work Permit Req's For Business Visitors

The British Virgin Islands has approved a work permit exemption for various classes of business visitor. The exemption will allow persons to enter the territory without a work permit, and applies to those visiting for meetings and conferences, those receiving training from British Virgin Islands' businesses, persons attending meetings as…
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ADGM Implements Tax Information Exchange Standard

Abu Dhabi Global Market, the low-tax financial center, has released regulations to implement the Common Reporting Standard, the OECD's new international standard for the automatic exchange of financial account information in tax matters. Under the CRS, jurisdictions must obtain specified financial account information from their financial institutions and automatically exchange…
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Abu Dhabi Global Market Begins To Offer Foundations

Abu Dhabi Global Market (ADGM), the international financial center in Abu Dhabi, has confirmed the launch of its own foundations regime. Understood to be the first regime of its kind offered in the United Arab Emirates, it enables local advisors to use ADGM foundations as an alternative to trusts and…
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Abu Dhabi, Chinese Tax-Free Zones Agree Partnership

Abu Dhabi Global Market, the low-tax international financial center, has announced it is partnering with the Authority of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone to support China's One Belt One Road economic ambition. The Belt and Road initiative is a Chinese-led strategy to bind the economies and…
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ADGM Implements Tax Information Exchange Standard

Abu Dhabi Global Market, the low-tax financial center, has released regulations to implement the Common Reporting Standard, the OECD's new international standard for the automatic exchange of financial account information in tax matters. Under the CRS, jurisdictions must obtain specified financial account information from their financial institutions and automatically exchange…
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China Allows Foreign Banks to Underwrite Gov't Bonds

China is now allowing foreign banks to sell and underwrite government bonds in the Shanghai Pilot Free Trade Zone. According to a statement from the Zone, restrictions on international ratings agencies carrying on business in the Zone, and mandatory reviews or approvals for transactions by foreign insurers in the Zone…
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Guernsey Says CRS A 'Hot Topic' for Chinese Investors

Guernsey Finance, the agency tasked with promoting the island's financial services sector internationally, recently hosted a briefing in Hong Kong on the Common Report Standard (CRS). The briefing on the OECD's new international standard for the automatic exchange of financial account information in tax matters attracted more than 60 delegates…
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