ZICO Trust (S) Ltd. has been accredited as a STEP Employer Partner
ZICO Trust (S) Ltd. has been accredited as a STEP Employer Partner on 6th December 2022. Gaining the STEP accreditation as an Employer Partner has signalled our commitment to the qualifications and the professional standards that STEP upholds, and has also given us access to a range of tools to improve our training programmes. We strongly […]
Notice of Change of Address
Dear Valued Clients, Thanks to you we have outgrown our current location. As such, and as part of our efforts to improve our client experience and to better cope with the demands of our growing practice, we are moving to a new and larger premises. We would like to inform you that effective January 17th, […]
ZICO Trust Singapore Granted Capital Markets Services Licence
ZICO Trust Singapore has been granted a Capital Market Services license by the Monetary Authority of Singapore to conduct the regulated activity of custodial services. Our company was established in 2012 as ZICO Allshores Trust and we provide diverse range of private and corporate trust services to both onshore and offshore clients. Source: The Business […]
ZICO Allshores Trust changes name to ZICO Trust
We are pleased to announce that ZICO Allshores Trust (S) Ltd has changed its name to ZICO Trust (S) Ltd., effective 12 December 2018. ZICO Allshores Trust was launched in 2012, offering a diverse range of private and corporate trust services to both onshore and offshore clients. Over the last 6 years, ZICO Trust has […]
Non-doms’ UK property to be drawn into inheritance tax net
The British government’s summer Budget announced yesterday includes two momentous measures affecting non-domiciled residents from April 2017. The first is an end to the indefinite nature of non-dom status. At the moment, a qualifying non-domiciled resident can elect for the remittance basis of taxation, under which they do not pay tax on income and assets […]
Swiss bank Julius Baer could settle US fine to put probe of assisting tax evasion aside
Zürich-based bank, Julius Baer, has set aside USD350 million to cover penalties likely to be imposed on the bank by the US Department of Justice (DoJ) for allegedly helping American clients evade tax. The sum set aside is a ‘preliminary provision’ while the bank seeks a final agreement with the US DoJ. It is much […]
India yields to foreign investors over income tax
The final version of India’s Finance Bill 2015 grants foreign investors a wide-ranging exemption from supplementary income tax on their future profits.The unpopular 18.5 per cent tax, called minimum alternate tax (MAT), is chargeable on the profits of companies that are otherwise exempt from corporate tax because of special incentives and reliefs. The original version of the […]
Commerzbank charged USD1.45 billion for breaching economic sanctions, banking violations
Frankfurt-based bank Commerzbank has agreed to pay a penalty of USD1.45 billion to US authorities in exchange for non-prosecution for violating American economic sanctions and for banking violations. Commerzbank’s violations occurred from at least 2002 to 2008, according to the New York Department of Financial Services (NYDFS). They are accused of servicing lucrative clients in […]