11/30/2022
While global inflationary pressures are expected to ease by the end of 2022 (the pace of price increases is expected to slow), the overall price level is expected to be substantially higher than it was pre-pandemic.
11/30/2022
The Vat Added Tax (VAT) Regulations will allow customs officers to accurately classify and apply duties to items coming into SVG under the 2022 Harmonized Commodity Description and Coding System.
11/29/2022
Specifically, the agreement will hugely benefit global providers of administration services to international corporations, trusts and funds.
11/29/2022
Any attempt to lay the entirety of this debacle at the feet of The Bahamas because FTX is headquartered here would be a gross oversimplification of reality.
11/29/2022
Under the ES Act, a late penalty filing fee of US$6,098 can be imposed together with an additional penalty fee of US$610 for each day an ES Return remains outstanding.
11/29/2022
The Central Bank expects that existing Property Funds will make gradual and orderly progress towards lower leverage levels over the implementation period.
11/29/2022
This proposes measures to reform Companies House and give the Registrar of Companies additional powers to maintain the accuracy of the UK’s record of companies.
11/29/2022
The ESG agenda originated in the investment industry to help investors better understand the elements of sustainability that were not traditionally integrated into financial analysis and decision-making.
11/29/2022
There were some noteworthy announcements coming out of COP27, especially about the importance of biodiversity, which I think were significant for Bermuda, in relation to our coral reefs.
11/28/2022
This is proposed as a practical and proportionate solution to deliver on the recommendation.
11/28/2022
All capital and risk transfer resources currently available to Fidelis brokers and clients will continue to be available, ensuring a seamless transition from the current to new structure.
11/28/2022
Bermuda has a comprehensive central register of beneficial ownership information, which is held and maintained by the Bermuda Monetary Authority.
11/28/2022
The EFCB has been operating since June 2021 under administrative provisions, however the new Law provides clarity around its role and functions.
11/25/2022
Of primary note, the 2022 Act requires that all entities initially in scope must have and maintain internal reporting channels and investigation procedures that comply with its requirements from 1 January 2023.
11/25/2022
It remains to be seen whether legislation regulating this area more widely will follow, perhaps modelled on the LCF Law.
11/25/2022
The Policy & Resources Committee is therefore proposing changes which would see a registration framework extended to directors who come under the ‘six directorship’ exemption.
11/24/2022
“Before you invest or borrow a single dollar, make sure that you investigate and understand the regulations covering your sector,” said Beckles.
11/24/2022
FDM was incorporated in the Commonwealth of The Bahamas on 22 July 2021; it was duly registered as a digital asset business under The Bahamas’ Digital Assets and Registered Exchanges Act, 2020.
11/24/2022
Once assets are settled into a foundation by a founder, the assets belong to the foundation
11/24/2022
The MoU paves the way for the three risk pools to collaborate on sharing best practices in parametric insurance models