Global Business: Setting Up, Licensing & Operation

The different types of bodies available for global business structuring
The requirements for setting up
The different licensing requirements
Principles of Income Tax
1. Concept of residence
2. Derivation of income
3. Allowable expenditure
  1. Apportionment in relation to foreign source income
  2. Apportionment in relation to exempt income
4. Exempt income
5. Exempted trusts and société
6. Société
International aspects of taxation
1. Credit for foreign tax suffered
2. The 80 percent exemption regime
3. Taxation of entities holding Global Business Licences and Authorised Companies
Payments between GBL companies and Authorised Companies
Understand the fundamentals of fund accounting and how to account for specific fund transactions
Carry out a range of calculations in relation to a fund, including NAV, GAV, performance fees, and entry and exit charges
Calculate earnings per share and the total expense ratio, and use ratios to analyse a set of financial statements
Determine the impact of taxation on different fund structures and be able to carry out relevant tax calculations