07/04/2019
Largely, IFCs have responded by legislating to require corporate entities existing under their laws to have economic substance within their respective jurisdictions, to remove any preferential tax treatment non-resident owned entities may receive and to c
07/04/2019
Cayman Islands entities existing prior to 1 January 2019, which are subject to the Regime, will need to comply by 1 July 2019, and newly established entities will need to comply as soon as they commence any Relevant Activity.
07/04/2019
The report covers banks, fund managers, trust administration, accountancy and legal firms.
07/04/2019
Jersey has 963 regulated collective investment funds
07/04/2019
Technical aspects of the functioning of the RBE, such as the submission procedure, tariffs, supporting documents etc have been detailed by a Grand-ducal Regulation and further elaborated by a circular letter issued by the LBR.
07/04/2019
Guernsey and Jersey law for Schemes closely follows the UK
07/04/2019
The proposed approach is underpinned by the understanding that the EU’s member states and the UK will provide similar levels of transparency of a quality akin to that which the CDs will deliver.
07/04/2019
"If the authorities find that it is not in Mauritius, then the entity is not a tax resident at all, and if it's not a tax resident, then the treaty benefits it gets with other countries will not be available to it," experts said.
07/04/2019
Panama's incoming government is signaling a redoubled commitment to the nation's anti-money laundering and terror finance (AML/TF) efforts.
07/03/2019
The proposed solutions could cause a major change to taxing rights by allocating some of a company’s profits to jurisdictions where its consumers or users are based.
07/03/2019
Even those financial services businesses whose clients and counterparties are all entities will nevertheless process personal data.
07/03/2019
Largely, IFCs have responded by legislating to require corporate entities existing under their laws to have economic substance within their respective jurisdictions
07/03/2019
The BMA insisted the changes do not represent a fundamental change to the filing requirements for insurers, but enhanced transparency and trust in the island’s regulatory regime.
07/02/2019
The jurisdiction benefits from an expansive economy with globally recognised businesses operating within industries such as gaming, shipping and property.
07/02/2019
Once the drafting issue has been addressed, the intention remains.
07/02/2019
Then a cross-party parliamentary group of the Foreign Affairs committee of the House of Commons issued a report calling for “a reset” of the relationship between the UK and its territories.
07/02/2019
This important development will place Bermuda on a level playing field with other jurisdictions that are subject to the EU’s economic substance requirements.
07/02/2019
Business code leads firms away from ‘certain countries and adviser groups’
07/02/2019
“These are the onshore financial centres where the KYC and customer regime is less robust than it is in The Bahamas.”
07/02/2019
Otherwise, under regulation changes, they won’t be able to keep receiving financial advice