British Virgin Islands

Quick Alert – Four Big Amendments to the BVI Business Companies Act (2004): Effective 1 January 2023

Things are moving fast when it comes to increasing the transparency and effectiveness of company administration in the offshore centres.  British Virgin Islands (BVI) legislative council has now passed amendments to the BVI Business Companies Act, 2004 (the Act). The

Company Formation Seychelles

Seychelles: Additional Register of Directors requirements

To ensure that international regulatory standards of tax transparency are met, the Seychelles Government enacted a suite of new legislation over the last two years, including the International Business Companies (Amendment) Act 2021 (the Amendment Act) and the International Business

Cayman Compliance Funds Services

Cayman Islands CRS FATCA upcoming filing deadlines, compliance dates and CRS Enforcement Guidelines

A key requirement related to the Automatic Exchange of Information (AEOI) regime which includes CRS and FATCA, is the annual reporting requirement of reportable accounts. Entities that are classified as FIs under CRS and FATCA must file their annual report before the 31 July 2022 deadline.

British Virgin Islands Funds Services

Reminder: BVI investment funds regulatory deadlines approaching – 30 June 2022

Fund clients are reminded about the 30 June 2022 filing deadline to submit the required information. Please see our overview below. v Jump to the requirements summary table. v Financial statements Pursuant to the Securities and Business Act (Revised) (SIBA),

Cayman Compliance Corporate Governance Funds Services

Are your entities compliant?

The Cayman Islands Monetary Authority (CIMA) has recently imposed USD365,000 in administrative fines on an asset manager for breaches of the AML Regulations, serving as a timely reminder on the value of effective compliance and the importance of registered entities having effective anti-money laundering policies and procedures in place.

British Virgin Islands Company Formation Funds Services

Summary of BVI open-end investment funds

The British Virgin Islands has long been a jurisdiction of choice for the establishment of companies for use as asset holding vehicles. The development of the inter-connected global economy has led further to the widespread adoption of BVI companies as private equity or investment funds. Today, the BVI is home to over 2,000 registered and recognised investment funds.

The BVI’s popularity was earned through its effective regulatory platform that is aligned to global regulatory standards, and its immensely flexible funds framework.

British Virgin Islands Corporate Advisory Corporate Governance

Directors’ Duties: Payments made by Insolvent Shipping Company

Scrutiny faced by directors of companies for possible breaches of their fiduciary duties has been further clarified by the Privy Council in a case[1] involving actions of a director leading up to the insolvency of the company.  Key takeaways regarding duties

Company Formation Hong Kong News & Updates :

Hong Kong Business Registration Fee Waiver 2022/23

Hong Kong Budget Hong Kong’s Financial Secretary, Paul Chan, outlined his budget for 2022-23 in the Budget Address on 23 February 2022. Included in the measures to support enterprises through the difficult pandemic period was the continuation of the business