Managers of Wealth Offshore

Government of Bermuda to Introduce Corporate Income Tax

The CIT Regime applies to Bermuda tax resident entities and Bermuda permanent establishments that are part of Multinational Enterprise Groups

Imminent amendments to Cyprus Companies Law for the implementation of the EU Mobility Directive

Employees must, under the Mobility Directive, be provided with adequate information and are offered consultation rights in respect of the proposed reorganisation.

Nearly 67k individuals' private data breached due to JFSC system flaw

The JFSC clarified that the data did not link individuals to specific entities or roles.

Annual Returns – Preparation for Upcoming Deadlines

The first step will be a short call with our accounting team to understand the assets, liabilities, income, expenses and activities of your BVI company.

Islanders and Jersey businesses asked to help shape law on cyber security

An OES is defined as “any service which is essential for the infrastructure of Jersey or the maintenance of critical societal or economic activities in Jersey”.

FOCUS: £210k fine for working with alleged war criminal without a licence

Potential UK Budget implications for Guernsey residents and businesses

There have been no changes to previously announced rates and allowances.

Company immigration to, and emigration away from, Jersey

The reasons companies consider migration include seeking out more appropriate tax regimes

Stonehage Fleming Receives FINMA Operating Licence

In 2020, new financial regulations were introduced by FINMA

Cayman minimum wage proposed at $8.75/hr

Only 23 per cent of the total beneficiaries would be Caymanians, while the majority would be permit holders.

Central Bank Fintech Supervisory Priorities 2024

In the Annual Report, the Central Bank identified six key areas of supervisory focus for 2024 which Fintech firms should be aware of.

Lloyd’s approves energy transition syndicate

Receiving permission to underwrite through Energy Transition Syndicate 2050 is a milestone for AXIS.

Cayman Islands Opens Doors for Comments on Proposed VASP Amendments

The Cayman Islands is the world’s largest investment fund domicile after the United States and one of the most popular locations for funds with digital asset strategies.

Guernsey funds legal and regulatory update March 2024

The Commission will also be prepared to consider requests once a CIS has entered into liquidation

Moderate economic expansion expected this year, says Central Bank

The CBOB said it expects the government’s net financing gap to continue to shrink, with the government relying more on internal borrowing than external borrowings.

AM Best removes two Validus entities from under review

Validus Re and VRS were both acquired as part of RenRe Holdings’ purchase of the treaty reinsurance business of American International Group Inc, in a transaction that closed last November.

Africa Specialty Risks doubles parametric capability

The parametric approach to reinsurance championed by ASR facilitates the flow of capital to support vulnerable populations.

Regulatory update Cayman Islands Q1 2024

The Policy seeks to ensure that, where CIMA acts as the home or host supervisor with respect to a regulated entity that is part of a group

Pressure on Guernsey Home Affairs over private law firms spending

Mr Prow said any suggestion from Mr St Pier that the States should not defend itself against "baseless or malicious claims" was "ridiculous".

Jersey Finance Now an Accredited Member of DIFERA

It is important to be able to express six values authentically to create a positive and empowering environment.

Regulation, Risk & Compliance