07/15/2021
Recent Updates of the Cayman Islands Economic Substance Regime bring certain partnerships into scope
This expansion of the regime’s scope necessitated amendments to certain key terms in the Schedule to the ES Act (e.g. broadening of the definitions of “entity” and “relevant entity”) and the addition of new terms.
07/15/2021
Economic substance for the British Virgin Islands
The Act applies to existing entities and new entities incorporated or formed from 1 January 2019.
07/15/2021
Walkers Professional Services is available to assist entities to file economic substance declarations where required under the ES Act.
07/15/2021
The changes will be introduced on a staggered basis, beginning with larger employers.
07/15/2021
The bonds were settled using Replexus’ unique ILS Blockchain.
07/15/2021
This means that where an individual held shares in a company incorporated in the BVI, the grant of representation will be required in order to deal with those company shares.
07/15/2021
Other notable developments include the CSSF’s updated guidance on granting loans to the public and updates to its UCITS and AIFM FAQs, the publication of a Circular on remote working as well as further EU sustainable finance developments.
07/15/2021
The Revenue Service will now have the power to enter any business premises to inspect the premises and any documents therein.
07/14/2021
Leading financial crime expert warns that Malta faces a 'difficult road ahead'
07/14/2021
IGI Europe is authorised by the MFSA to write a full suite of IGI products and will exercise passport rights across the European Union (EU) and European Economic Area (EEA).
07/13/2021
The new amendment specifies that investment fund business doesn’t count toward “relevant activities.”
07/12/2021
The Updated Guidelines list a number of steps that the Board should take in order to meet the necessary standard of governance and oversight.
07/12/2021
Government takes up suggestion made by judge Joseph Zammit McKeon
07/12/2021
EU reform proposals attacked by politicians, industry lobbies, environmentalists
07/09/2021
Mauritius has been commended by the FATF on the progress achieved in addressing the highlighted strategic deficiencies and has implemented a series of reforms.
07/09/2021
Joining up with Oben’s Jersey specialist team brings that broad range of advice and expertise to clients across all Crown Dependencies.”, said Steve Billinghurst
07/09/2021
A Partnership in existence prior to 30 June 2021 must satisfy the test from 1 January 2022.
07/09/2021
The VIEs enable investors to exercise control through contractual arrangements rather than majority voting rights.
07/08/2021
Other exemptions are available for entities which are tax resident overseas, domestic companies or local partnerships.
07/08/2021
Paratus Maritime Insurance Limited was launched to create price certainty, allowing policy holders to manage volatility