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Red Square London NOVOSTI April 2016

Red Square London NOVOSTI April 2016

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Red Square London NOVOSTI April 2016

COMPANY NEWS

INTERVIEW WITH RED SQUARE LONDON’S MANAGING DIRECTOR 

The co-founder, corporate and immigration lawyer and the managing director of Red Square London (RSL) Tatiana Sharposhnikova, tells the newspaper “Angliya” about her business. Red Square London is a unique company and does not have an equivalent in the Russian-speaking community in Britain. The company is registered with the Solicitors Regulation Authority (SRA), Licence No. 591917, as an Alternative Business Structure (‘ABS’). This means that it is not a traditional law firm, which would normally be set up as a partnership and employ only solicitors. The unique set up of the business allows Red Square London to employ not only solicitors but also other professionals, for example, business consultants and accountants. The SRA also granted Red Square London a quality mark-accreditation under the Conveyancing Quality Scheme as property solicitors-specialists. The accreditation means that conveyancing process conducted by Red Square London’s lawyers is of the highest standard at all stages of the process, from the acceptance of new clients to the administrative matters dealt with at the end of property transaction. Thus RSL operates as a Family Office with full legal licence assisting its clients with a wide range of matters as well as legal affairs… READ MORE… 

IMMIGRATION

THE POSSIBLE CLOSURE OF TIER 1 INVESTOR ROUTE

Among various amendments suggested to the Immigration Bill 2015 is the closure of Tier 1 (Investor) route. According to the proposal, applications for entry clearance in this category as well as switching from other visa categories would not be possible after 1 January 2017…
THE IMMIGRATION SKILLS CHARGE FOR EMPLOYERS-SPONSORS
The government has confirmed that it is going ahead with plans to reduce Britain’s reliance on migrant workers through a new skills charge. The new Immigration Skills Charge (ISC) is set to be introduced in April 2017 and will be levied on employer-sponsors that employ skilled non-EU migrants…
SUPER PRIORITY VISA SERVICE LAUNCHED IN ASTANA
A 24-hour Super Priority Visa Service was launched on 22 March 2016 at the UK
Visa Application Centre in Astana, Kazakhstan… READ MORE… 

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… 

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