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August 26, 2019

Flying in a private jet is the ultimate status symbol, but owning one isn’t the only way to travel. Alison Ebbage considers the practical and cost-effective alternatives.

Private aviation solves the perennial time shortage issue perfectly and provides a luxe experience to those able to afford it. Today there are more options than ever—ownership, fractional ownership and charter, which in turn divides into different models too—depending on whether the charter is for the seat or the plane and whether the access is on a subscription or on-demand basis.

August 19, 2019

The age of quantum computing has dawned and tech giants and start-ups are racing to make the next generation of supercomputers applicable to our daily lives. Alison Ebbage reports on what it means for family businesses and investors.

Quantum computing could turn the technology world on its head. By harnessing properties beyond the grasp of traditional Newtonian physics, the potential is to transform the way that computers look at data and the speed at which they can process and analyse it.

August 12, 2019

A surge in the number of billionaires has made Asian family offices an El Dorado for wealth managers lured by the prospect of bigger pay packages and more varied work.

A surge in the number of billionaires has made Asian family offices an El Dorado for wealth managers lured by the prospect of bigger pay packages and more varied work.

August 12, 2019

Third-generation steelmakers Radha Smelters have had their fair share of ups and downs, which is why educating the next generation, mixed with on-the-job experience, is so highly prized. Nicholas Moody reports

August 5, 2019

An idea borne from a classroom Eureka moment provided the basis for a groundbreaking field book for families. Randel Carlock discusses the vibrant guide he and co-author Keng-Fun Loh created to help families prepare for their own lunar landing.

Your book, A Family Business on the Moon, has an unusual title—where did the idea come from?

It came from (Canadian third-generation family business) Bata Shoes. They were training with me at INSEAD. We were working on their vision, and one of their sons, Charles, called out: “We’ve got shoe stores all over the world, let’s put one on the moon!” I thought, “What a great title!”

Who did you have in mind when you wrote it?

July 29, 2019

Tax department clarifies Cyprus 60-day rule for nominee directors

Effective as of 1 January, 2017, the so-called “60 day rule” for the purposes of establishing Cyprus tax residency for individuals is of importance to those seeking Cypriot residency.

Under the rule, individuals are considered tax residents of Cyprus and benefit from the island’s tax regime if they:

• Reside in Cyprus for a period of 60 days

• Do not reside in any other single country for a period exceeding 183 days in total

• Are not tax resident in any other country

July 22, 2019

Congratulations, you have chosen a very special country to invest in: one with a stable economy in the last few years, an easy procedure for company registration, a transparent tax system, friendly business environment, minimum paper documentation and a short list of taxes and social security obligations. It is our pleasure to assist you in this process, but before you start you have to make some decisions in order to be sure you have taken the most appropriate form, way and decision as a whole for your future business activities. 

The Commercial Law lists the following types of legal entities, which could be established in Bulgaria:

• Joint-stock company (AD);

• Partnership limited by shares (KDA);

• Limited liability company (OOD), including. Single-member limited liability company (EOOD);

• General partnership (SD);

• Limited partnership (KD).

July 15, 2019

The private jet market can seem a crowded and confusing place. Shawn Vick, chief executive of Global Jet Capital, provides some much needed clarity on business aviation

You have a long history in business aviation, so can you tell me a little more about the market in general?

July 8, 2019

A start as a door-to-door salesman in Texas has given next-generation angel investor and fourth-generation entrepreneur Anirudh Damani a unique perspective on business. Susan Lingeswaran finds out how

Anirudh Damani has a family history studded with a serious entrepreneurial pedigree. His great grandfather Shri Chunnilal Damani was a reputed bullion trader in India, while his father and uncle, Ashok and Ramesh, both former Bombay Stock Exchange directors, are hailed as two of the most successful investors in the country.

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