Mondaq Offshore - British Virgin Islands: Finance and Banking
Collas Crill Guernsey
The draft Economic Substance Code has now been published by the ITA and contains rules and guidance from the ITA with regard to the application of the Economic Substance (Companies and Limited Partnerships) Act 2018.
Collas Crill Guernsey
Succession planning for offshore incorporations, particularly those where companies are controlled by one individual, needs careful consideration.
O'Neal Webster
In addition to being the world's leading international finance centre in which to set up companies, the British Virgin Islands (BVI) is now regarded as one of the world's premier trust jurisdictions.
Campbells
In response to the OECD's global Base Erosion and Profit Shifting ("BEPS") initiative and EU Code of Conduct Group substance requirements modelled on BEPS Action 5 ...
Maples Group
On 28 December 2018, the British Virgin Islands published The Economic Substance Act, 2018 which came into effect on 1 January 2019 and was further amended on 30 January 2019 (the "Economic Substance Act").
O'Neal Webster
Thinking of buying or selling a home in the British Virgin Islands?
Morgan & Morgan
The British Virgin Islands (BVI) has passed legislation requiring certain legal entities carrying on relevant activities to demonstrate adequate economic substance in the BVI.
Fiduserve
The BVI Government introduced, with effect from 1 January 2019, a new legislation titled the Economic Substance (Companies and Limited Partnerships) Act 2018, requiring certain legal entities to demonstrate ...
Ogier
In response to the requirements of the EU Code of Conduct Group, the British Virgin Islands has enacted new legislation setting out an economic substance test for tax-resident entities.
Ogier
New legislation is currently being considered by the BVI Government which is expected to require in-scope entities that carry on particular activities to have economic substance within the BVI.
Walkers
An amendment to the existing BVI CRS legislation has been published which introduces new requirements to the existing CRS regime.
Conyers
This has been attractive amid the general global trend for increased compliance costs and more onerous regulation.
Appleby
"Fintech is the future", said Mr Carson Wen (Mr Wen), the Chairman and founder of Bank of Asia (BVI) Limited (Bank of Asia).
Maples Group
The SIBA, 2010, as amended ("SIBA") and its subsidiary legislation, including the Securities and Investment Business Regulations, 2015, provides for the regulation of open-ended mutual funds, among other matters.
Maples Group
Pursuant to the Securities and Investment Business Act, 2010 and the Mutual Funds Regulations, 2010, all BVI private, professional and public funds and all BVI investment business licence holders...
Harneys
The Cayman Islands have recently amended the beneficial ownership register regime for Cayman Islands companies and LLCs1, refining the regime that was introduced in July 2017 (as detailed in our earlier alert).
Collas Crill
In the British Virgin Islands, investment funds are regulated by the BVI Financial Services Commission under the BVI Securities and Investment Business Act, 2010 and the Mutual Fund Regulations, 2010.
Maples Group
The ITA has also updated the BVIFARS User Guide in relation to CRS submissions and a copy of the updated User Guide...
Maples Group
During the past year we have seen that the British Virgin Islands ("BVI") Financial Services Commission (the "Commission") has become increasingly strict with payment and filing deadline...
Maples Group
The Government of the British Virgin Islands ("BVI") has recently announced an extension to the deadlines for the notification and reporting obligations under the Common Reporting Standard ("CRS").
Most Popular Recent Articles
Campbells
In response to the OECD's global Base Erosion and Profit Shifting ("BEPS") initiative and EU Code of Conduct Group substance requirements modelled on BEPS Action 5 ...
Fiduserve
The BVI Government introduced, with effect from 1 January 2019, a new legislation titled the Economic Substance (Companies and Limited Partnerships) Act 2018, requiring certain legal entities to demonstrate ...
Maples Group
On 28 December 2018, the British Virgin Islands published The Economic Substance Act, 2018 which came into effect on 1 January 2019 and was further amended on 30 January 2019 (the "Economic Substance Act").
Collas Crill Guernsey
The draft Economic Substance Code has now been published by the ITA and contains rules and guidance from the ITA with regard to the application of the Economic Substance (Companies and Limited Partnerships) Act 2018.
O'Neal Webster
In addition to being the world's leading international finance centre in which to set up companies, the British Virgin Islands (BVI) is now regarded as one of the world's premier trust jurisdictions.
Collas Crill Guernsey
Succession planning for offshore incorporations, particularly those where companies are controlled by one individual, needs careful consideration.
Morgan & Morgan
The British Virgin Islands (BVI) has passed legislation requiring certain legal entities carrying on relevant activities to demonstrate adequate economic substance in the BVI.
Ogier
In response to the requirements of the EU Code of Conduct Group, the British Virgin Islands has enacted new legislation setting out an economic substance test for tax-resident entities.
Walkers
An amendment to the existing BVI CRS legislation has been published which introduces new requirements to the existing CRS regime.
Appleby
"Fintech is the future", said Mr Carson Wen (Mr Wen), the Chairman and founder of Bank of Asia (BVI) Limited (Bank of Asia).
Maples Group
Pursuant to the Securities and Investment Business Act, 2010 and the Mutual Funds Regulations, 2010, all BVI private, professional and public funds and all BVI investment business licence holders...
O'Neal Webster
Thinking of buying or selling a home in the British Virgin Islands?
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