This jurisdiction holds a number of other key attractions for those who wish to establish businesses, among them:
• No withholding tax on dividends, irrespective of where the shareholder is resident;
• UK tax exemption on qualifying foreign dividends;
• Capital gains exemption where a UK resident company sells shares, if certain conditions apply; • A corporation tax rate of 20% with further rate reductions scheduled;
• Double tax relief for foreign tax paid on dividends.