Business
PACA region (10)
01.08.2011 0
Advertorial: Why RFP is unique among independent financial advisers
Stand out from the crowd
RFP, Riviera Financial Planning sarl, is an Independent Financial Advisory (IFA) company established in 2003 in Sophia Antipolis, near Antibes, fully registered in France and dedicated to private clients from Northern Europe who already have or are considering buying an estate in the south-east of France or Monaco.
Read more … Stand out from the crowd26.07.2011 1
Business: The French pilot union threatens to go on strike
Flight strikes
Last Saturday, France's national carrier Air France and the cabin crew union came to an agreement that has, for the time being, prevented a strike that was planned to take place this weekend. Now, however, it’s the pilots who are threatening to take industrial action. They say they will walk out in early August should reforms of their pension fund go ahead.
Read more … Flight strikes01.07.2011 0
RFP has a solution to legislation that could adversely affect a property loan scheme
New rules for wealth tax
Among the many tax reforms currently under preparation in France, one of them, which is likely to be enforced as soon as September 2011, will have very important consequences: Article 16 of the draft budget law for 2011, specifies that so far as the ‘solidarity tax on wealth’ is concerned (ISF - Impôt de Solidarité sur la Fortune), the authorities will not accept any more that a shareholder loan to an SCI (SPV designed to hold French real estate) is deducted from the value of the property for the computation of the ISF due by the shareholder.
Read more … New rules for wealth tax01.06.2011 0
What to do in the light of rising interest rates in Europe
Short options for the long term
In April, the European Central Bank (ECB) raised its rates by 0.25 per cent. Is this move the beginning of a new monetary policy? Historically, short-term rates move according to long-term trends. In March 2010, the 3-month Euribor, the reference index for the variable rate loans in euros, hit a record low at 0.58 percent. Since, rates are going up again (the index is now at 1.37 percent). Currently, the European Central Bank is concerned by rising inflation. Its monetary policy has been very loose over the last two years and if commodity prices remain high or rise, it should continue to raise rates. What could we do if rates continue to go up?
Read more … Short options for the long term30.05.2011 0
Business: As announced, several tax advantages have been cut
Tax reduction cuts for 2011
The changes affect income tax for 2011: - 10% cut in tax reductions for expenses relating to some investments or services, but not those for employing a home worker or cost of child care.
Read more … Tax reduction cuts for 201126.05.2011 0
Business: Interview with Bernard Kleynhoff, the new president of the CCI Nice Côte d’Azur
Nice CCI returns to its roots
In April the newly elected president of the Chamber of Commerce and Industry Nice Côte d’Azur (CCI) gave an exclusive interview to The Riviera Times.
Read more … Nice CCI returns to its roots06.05.2011 1
Business: France granted a few top hotels the right to call themselves a "palace
A palace is born on the French Riviera
Yesterday, eight luxury French hotels were bestowed with the ‘Palace’ status, a new coveted title that goes beyond a mere five star.
Read more … A palace is born on the French Riviera01.05.2011 0
Local FIA can help you exploit Luxembourg’s policy benefits
Aim high to optimise your assets
Luxembourg is one of the most active financial centres in Europe. With nearly 150 banks, 40,000 people working in the finance sector, net assets of 2.2 trillion euros under management, the country is now a leader in asset management. The state’s central location in Europe between France, Belgium and Germany, its legal and fiscal specificities, its membership of the European Union and being in the Eurozone make it very attractive for onshore private structures.
Read more … Aim high to optimise your assets01.04.2011 0
What are the consequences for the Japanese financial market
Tsunami & finance
Japan experienced the biggest earthquake in its history. The industrial region of Sendai which represents about eight per cent of Japanese GDP, is the worst affected. Many factories will remain closed for weeks. The potential cloud from the nuclear accident could be a threat to the big cities on the south coast and could paralyse the country. In the short term, food and energy could become scarce and the whole country may suffer frequent power cuts.
Read more … Tsunami & finance01.03.2011 1
Advertorial - This month: The pros and cons of an SCPI when investing in property
Good for the long term
An SCPI (société civile de placement immobilier) is a French entity holding real estate, similar to an SCI but open to the public. The difference with an SCI is similar to the one between a listed and privately held company. An SCPI can be compared to a listed company, as in fact the subscriber becomes a co-owner of a real estate portfolio that can consist of offices, warehouses, shops or even houses or flats.
Read more … Good for the long term
