Despite the increased pressure on tax havens, advisers writing from a number of traditional holding company locations believe their respective jurisdictions will remain attractive for business.
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The global economic downturn shows a greater need for tax efficient structures. There are many jurisdictions to consider for them. Michalis Zambartas of Eurofast Taxand makes the case for Cyprus, focusing on the Cypriot financial holding companies.
Ireland has long been one of the most attractive locations for the establishment of holding companies of both listed and private multinational companies seeking to optimise their operational and fiscal performance, argue Peter Vale and Sarah Meredith of Grant Thornton.
Malta is considered a jurisdiction of choice for the setting up of a holding company. The use of English as an official language, a corporate law system modelled on UK principles and a flexible participation exemption system have all contributed to this, explain André Zarb and John Ellul Sullivan of KPMG.
Tax avoidance has come under increasing public scrutiny in recent years. But Stefan Kuhn and Sébastien Maury of KPMG believe Switzerland will nevertheless remain attractive for investors and multinationals, not least as an ideal holding location.