 |
|
|
 |
|
| |
|
| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
|
|
| Centamin Shifts Tax Residency To Jersey |
by Jason Gorringe, Tax-News.com, London
Wednesday, January 04, 2012
On December 30, 2011, Centamin Egypt Limited successfully migrated its corporate
headquarters to Jersey from Australia, through the establishment of a Jersey holding
company with advice from Channel Islands law firm Ogier.
Centamin is a mineral exploration, development and mining company that has
been actively exploring in Egypt since 1995. Centamin is listed in London on
the Main Market as a FTSE 250 company and in Toronto.
Centamin's redomiciliation was implemented by way of an Australian scheme of
arrangement to effect the change to the corporate structure of Centamin and
its subsidiaries by inserting Centamin plc (Centamin Jersey), a company incorporated
in Jersey, as the holding company of the Centamin group. The transaction involved
shareholders receiving one new share in Centamin Jersey in exchange for each
share they held in Centamin.
Ogier advised Centamin on the Jersey aspects of the transaction led by corporate
partner Raulin Amy and associate Sean Inggs. Ogier Corporate Services incorporated
Centamin Jersey and is to provide ongoing administrative services.
Ogier's Raulin Amy said: "We are delighted to have advised Centamin on this
transaction. The dual listing of Centamin meant that there were some interesting
issues that had to be resolved when they were looking to restructure. This particular
transaction was novel as it involved an Australian company rather than an English
one. The flexibility of the Companies Law in Jersey and Jersey tax neutrality,
as well as the track record of Jersey as a jurisdiction were important considerations
in determining the location for Centamin's redomicile."
.
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
