Managers of Wealth Offshore

Licence surge positions Cayman for record insurance year

The Cayman monetary authority signalled it is nearing “qualified jurisdiction” status under the US National Association of Insurance Commissioners regime

Insurance licences still on the upswing, second-quarter figures show

The authority added another nine applications had agreement in principle and 14 more were under review, which would mean 44 new licences so far this year.

Continuing Requirements of the Companies Act of Bermuda

Before proceeding with the incorporation of a company in Bermuda, persons are advised to consult their tax, legal and other professional advisers in their respective jurisdictions.

Trustee licensing: A comparative look at the advantages and a summary of the licensing regime in the BVI and the Cayman Islands

There are several reasons why these jurisdictions are favourable; this article discusses a few of the important ones.

Overview of the Cayman Islands economic substance requirements

The Cayman Islands is a member of the OECD Inclusive Framework on Base Erosion and Profit Shifting

PM Davis Warns Against “Digital Colonialism” in Call for Caribbean Tech Sovereignty

In a speech punctuated by calls for regional unity and principled leadership, Davis emphasized that digital transformation cannot simply be measured by network speeds, technological upgrades, or flashy platforms.

Changes to accessing beneficial ownership information in the BVI

The Amending Regulations also clarify the application of the existing exemptions in relation to investment funds

The evolution of gross negligence in Guernsey trust litigation

Those found to have acted with gross negligence may be personally liable for any losses to the trust and removed from their role.

Cayman Islands issues 21 re/insurer licenses in first half of the year

Latest figures also show steady growth in captives

Warning issued over business dealings in greylist countries

These jurisdictions have committed to resolving swiftly the identified strategic deficiencies within agreed time frames,” the advisory states, referring to the findings of the task force.

EIB, Bank of Valletta join forces to support Maltese medium-sized companies

€60 million in new financing

Curaçao Tax Office to Resume Interest Charges on Outstanding Debts Starting August 1

Taxpayers who pay off their debts or establish a valid payment arrangement before August 1 will not be charged interest.

Unicredit sells half its stake in Bank of Valletta

Italy-based bank reduces bank shareholding to 5.21%

Eastern Caribbean Court of Appeal delivers key ruling concerning directors' duties and creditor protection in the British Virgin Islands

The COA rejected the suggestion that only a loss to the company, which was a separate legal entity to the body of creditors, would trigger compensation.

Regulation, Risk & Compliance