08/01/2019

Migrating To Guernsey: A Jurisdiction Of Quality And Substance

Migrations into Guernsey are typically straightforward, subject to requirements of the jurisdiction being exited and consent of the Guernsey Financial Services Commission (for funds or regulated entities) and once shareholder approval has been obtained

08/01/2019

US Partnership Representative Requirements

The Partnership Representative and any Designated Individual must maintain a “substantial presence” in the US as defined by the updated centralised audit regime.

07/31/2019

Revenue Jersey Ruling on Murabaha Contracts

Commodity Murabaha contacts are commonly used in order to facilitate a Shariah-compliant loan or indebtedness between two parties, this is sometimes referred to as Tawarruq.

07/31/2019

Jersey confirms Sharia-compliant status

Revenue Jersey has today (30 July 2019) published a Statement of Practice, which confirms the tax free status of typical Sharia compliant funding structures.

07/29/2019

Mauritius Government hits back on Leaks

The Mauritius Government also accused the ICIJ of trying to harm the island’s reputation and says it has instigated a criminal investigation into an IT system that has been intruded and breached. – Linda van Tilburg