Red Square London NOVOSTI April 2016
- 28/04/2016
- RSL Law
- No comments
MEDIA ROOM
Red Square London NOVOSTI April 2016
COMPANY NEWS
INTERVIEW WITH RED SQUARE LONDON’S MANAGING DIRECTOR
IMMIGRATION
THE POSSIBLE CLOSURE OF TIER 1 INVESTOR ROUTE
REAL ESTATE
FOREIGN CORPORATE OWNERSHIP OF PROPERTY IN THE UK, GOVERNMENT TO LIFT THE VEIL?
As if anticipating the furore that marked the unravelling of the Panama papers in the last few weeks and in its quest for greater transparency in all spheres of fiscal regulation, the Treasury had in early March of this year invited responses to proposals requiring disclosure of “end beneficial owners of foreign companies buying United Kingdom (UK) real estate on a specific Register”. The proposal is also designed to target those foreign companies already owning property portfolio in the UK… READ MORE…
DEAL OF THE MONTH
We have recently completed yet another relocation of a Russian-speaking family to the UK. For this family we used the Entrepreneur Visa route. The mother and an adult son of the family applied as an Entrepreneurial Team. Entrepreneurial Team can consist of a maximum two people, who do not have to be relatives. Members of the Entrepreneurial Team do not have to apply at the same time or from the same place. For example, one member of the Entrepreneurial Team can switch into this immigration category without leaving the UK, and another can make a fresh application from his or her country of residence. The Entrepreneurs can share the investment fund of minimum of £200,000, required by the Immigration Rules… READ MORE…
ARTICLE OF THE MONTH 
WHO SHOULD BE THE REGISTERED OWNER OF YOUR NEWLY ACQUIRED BRITISH PROPERTY?
We frequently assist our clients with the property purchase or sale, the so-called conveyancing process. One of the most common questions we discuss is in whose name should the newly purchased property be registered. This decision is important because the amount of tax you will pay will vary depending on whether you register the property in the name of a company or your own name. Find out from our article about the pros and cons of different types of registration… READ MORE…