Managers of Wealth Offshore

EU removes Bermuda from tax haven blacklist

They were given 12 months to comply with the new rules.

Lawyers Warned Not to Help Break Law in Wake of Tax Scandals

Panama Papers ‘shone a spotlight’ on lawyers’ role, OECD says

How to manage the succession of a BVI Co

A BVI Grant is needed even where the shares are held through a nomineeship

Bermuda Removed from EU ‘Blacklist’

Economic substance legislation is in force in all three Conyers jurisdictions

Appleby advises QTC Care on its USD 7 million series A financing

Vincent commented on the transaction: “QTC Care is a pioneer in the growing technology health sector in China.

Economic substance in the Cayman Islands

The ES Law is supplemented by the Guidance Notes issued by the Cayman Islands Tax Information Authority (the TIA) on Economic Substance for Geographically Mobile Activities

Bahamas International Securities Exchange Signs Digital Securities Exchange Partnership Agreement

The partnership will benefit from the trading and compliance technology, industry know-how and operational excellence of both parties.

BVI Economic Substance Law

These amendments follow closely the approach taken to address the same issue in other international financial centres.

United Nations Recognises Jersey’s Work on International Asset Recovery

United Nations officials have recognised Jersey’s good practice in returning stolen assets to their rightful country.

Appleby Hong Kong advises AngelHub on its equity crowdfunding platform

The transaction marks an important milestone for the start-up environment in Hong Kong with the HKSFC aiming to ensure its regulatory standards are in line with international regulations to build a welcoming environment for financial technology companies

EU confirms Bermuda's status as a cooperative jurisdiction in international tax transparency

All Bermuda companies, LLCs and partnerships (which have elected to have separate legal personality) are potentially within scope of this legislation if they are conducting a “relevant activity”.

Bermuda, Aruba & Barbados are removed from EU tax haven blacklist

In a statement the EU explained that Bermuda and Barbados have both committed to meeting EU concerns and are now part of a "grey list" of jurisdictions being monitored by the EU, according to a report from Reuters.

UK will not impose deadline on OTs to change residency rules

In the Cayman Islands, premier Alden McLaughlin said the suggestion was "akin to an attempt to take over the territory.

Results of Vote at Butterfield AGM

Each of the proposals numbered 1 through 3 on the Meeting Agenda was approved by the requisite vote

How Guernsey is part of the British financial services family

Some £35 billion from Guernsey investment funds is invested into UK assets, most into long-term tangible assets, including schools, hospitals, airports and roads, and businesses of all sectors and scale – and the majority of that money comes f

Big companies choose Guernsey to issue bonds

Under EU rules, selective disclosure of information - to some investors and not other - is not allowed.

Record-keeping crucial for new substance requirements

The document outlines how each island’s economic substance legislation, which has been in effect since 1 January 2019, will be applied to businesses which fall within scope of the legislation.

JT strikes gold with Mitel partnership

In particular the company’s ability to leverage advanced communications and operate efficiently when dealing with our portfolio really makes it stand out.

Bermuda hopeful for blacklist removal on May 17

On March 12, the European Union updated its so called blacklist on March 12, and Bermuda one again found itself on the list.

BL62: Regulation watch

Retirement of the previous distinction between ‘financial services businesses’ (such as banks) and ‘prescribed businesses’ (such as lawyers, accountants and insolvency practitioners). The Handbook applies to both under the term &am

Regulation, Risk & Compliance