Uruguay: Decree No. 43/2017

Uruguay: Decree No. 43/2017 On February 13, 2017, Uruguay’s Executive Power issued Decree 43/2017, which extends the scope of Decree No. 355/010 of December 2,...

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Us trust advantages

Us trust advantages The following are some basic characteristics of US Trust under Delaware Laws.  A Duration A Delaware trust can be perpetual, thereby...

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Tax benefits of Cyprus Trusts

Tax benefits of Cyprus Trusts In order to become a modern and prestigious financial center and trust territory, Cyprus has established the so called “Cyprus...

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Treatment of BONT in the new Uruguayan legislation

Treatment of BONT in the new Uruguayan legislation One of the changes introduced by the Tax Transparency Law (Law No. 19,484) enacted on January 05, 2017 is in...

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Life Insurance Regime in Puerto Rico

Life Insurance Regime in Puerto Rico Puerto Rico is an Associated State of the United States of America and although it has autonomy to issue certain...

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BONT Jurisdictions in Uruguayan legislation

BONT Jurisdictions in Uruguayan legislation ¿What is a BONT jurisdiction or regime? According to Decree of the Executive Power No. 40/2017 of February 13, 2017,...

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Deemed dividends in the Uruguayan National Budget Act

Deemed dividends in the Uruguayan National Budget Act The Uruguayan National Budget Act No. 19.438 of fiscal year 2015, was enacted on October 14, 2016 and...

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Main tax benefits of Malta

Main tax benefits of Malta The European Island of Malta offers the following benefits to take into account when addressing an estate planning engagement: Malta...

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