Seychelles Beneficial ownership database
The Beneficial Ownership Act, 2020 (“BO Act”) came into force on 28 August 2020 along with the Beneficial Ownership Regulations (“BO Regulations”) imposing new requirements on Seychelles Legal Persons and Legal Arrangements (“Entities”).
Bahamas | Economic substance requirements
Following our previous communications related to Economic substance in the Bahamas, we remind you that the entities with a fiscal year-end of June 2020 must submit their first CESRA filing no later than March 31, 2021.
Cayman Islands Economic substance – COMMUNICATION
The International Tax Co-operation (Economic Substance) Law (as Revised) (the “Law”) came into force on 1 January 2019 and introduces certain reporting and economic substance requirements for Relevant Entities carrying on Relevant Activities.
BVI | Economic substance legislation
BVI economic substance legislation is the topic you should know |The British Virgin Islands (BVI) passed economic substance legislation requiring legal entities performing relevant activities to demonstrate adequate economic substance within the BVI.
Barbados Economic substance requirements
Barbados enacted the Companies (Economic Substance) Act, 2019-43 (CES Act) on November 27, 2019.
Bahamas | Economic substance report filing extension
The Bahamas Ministry of Finance has granted an extension on the deadline to file the 2019 economic substance report (from December 31st, 2020) to January 31st, 2021 for entities incorporated prior to January 1st, 2020, and with fiscal year-end December 31st, 2019.
Panama | Register of beneficial owners overview
Panama has taken a significant step towards financial transparency by introducing a private register of beneficial owners for corporations in Panama.
BVI | Economic substance overview
In 2016, the EU adopted criteria covering fiscal transparency, fair taxes, erosion of the tax base, and transfer of benefits (BEPS), and evaluated countries during a process carried out in 2017.
Panama Residency Program: Your Complete Guide – Why Choose Panama for Residency?
When you are considering a second home or investment opportunity, the Panama residency program stands out for its numerous advantages. The vibrant culture, stable economy, and favorable tax policies make Panama an ideal destination for many foreigners
BVI | Unique identification number
BVI-registered entities may now apply for a unique identification number from the Department of Inland Revenue if required.