Managers of Wealth Offshore

Cyprus: Thousands of NGOs face purge if not properly registered, minister says

Nouris said there were over 7,000 NGOs operating in Cyprus, and only 2,000 had their documentation up to date with his ministry.

MALTA: 10,000 companies taken off registry

The idea is that all directors and shareholders of businesses will now be screened before being allowed to operate in Malta.

Switzerland and Cyprus sign protocol of amendment to their double taxation agreement

It still has to be approved by the legislator in both countries before it can come into force.

Oran Hall | Approved Pension Arrangements A Safe Option For Retirement Income

Because all approved pension arrangements are established as trusts, they must have a trust deed, which is a contract between the sponsor and the trustees to manage them according to certain stated conditions.

BVI asks jobless expats to leave

"We must ask ourselves how long we can carry on, and we must make decisions that are sustainable for the foreseeable future."

Bahamas Closing Borders to U.S. Commercial Flights

The move comes due to what officials called a “continued increase in COVID-19 cases in the United States, as well as an uptick in cases in The Bahamas.”

Allegations over offshore funds swirl around Spain’s former king

Recent reports in the British, Swiss and Spanish press have increased the pressure on the royal family.

BVI Beneficial Ownership Secure Search System Is Best-In-Class

He stated, “Beneficial Ownership information in the system will also be available to other authorities in the Virgin Islands to ensure that they are able to meet their international obligations. Importantly, the system will not be accessible by the

Switzerland and Malta sign protocol of amendment to their double taxation agreement

The cantons and the business circles concerned have welcomed the conclusion of the protocol of amendment.

EFG considers leaving Guernsey

The bank has seen a significant turnover in staff

Carey Olsen partners contribute Cayman, Guernsey and Jersey chapters to latest edition of International Estate Planning: A Reference Guide

It is also testament to our standing among offsore law firms in this practice area that Keith and I were chosen to provide both chapters for the Channel Islands and Bernadette was selected to do the same for the Cayman Islands.

State Aid: Commission recommends not granting financial support to companies with links to tax havens

The aim of the recommendation is to provide guidance to Member States on how to set conditions to financial support that prevent the misuse of public funds and to strengthen safeguards

Orders in Council coming for beneficial ownership registries

The issue of public beneficial ownership registries has been a longstanding issue between the territories and the UK.

UK-EU agreement delay "is good news for Guernsey’s fund sector"

The island’s non-EU status and existing cooperation agreements means it will continue to be able to have access to market into Europe via the well-trodden National Private Placement Regimes (NPPR).

Guernsey's Mandatory Disclosure Rules

There are practical steps that could usefully be taken now, including undertaking some internal due diligence, developing training and policies and procedures to identify Reportable Arrangements.

The Bahamas is the highest placed non-European ship Registry on the Paris MoU White list

This excellent ranking on the Paris MoU White List follows on from the BMA’s recognition earlier in the year by the United States Coast Guard with its award of Qualship 21 status to the Registry.

Tricor Welcomes New Laws That Amplify Hong Kong’s Role as Leading Asian Fund Hub

Hong Kong SAR has always been viewed as the regional headquarters by most Asian-focused funds.

Ukraine aims to fight tax evasion with new law

Under this new law, Ukraine-based business owners will have to declare revenues from foreign assets, or they could face a steep fine on their income.

Panama Papers, Swiss Leaks help authorities recover over €27m in unpaid taxes

The figure was confirmed by Finance Minister Edward Scicluna in two related parliamentary questions by opposition MP Claudio Grech.

UK Government welcomes announcements by eight Overseas Territories to tackle illicit finance

Foreign Secretary welcomes the move by the Overseas Territories as a major step to improve corporate transparency.

Regulation, Risk & Compliance