Hermes Bank in Saint Lucia is Undergoing Liquidation
The international bank Hermes Bank Limited, based in Saint Lucia, is currently (as of April 2026) in the process of compulsory liquidation. The proceedings were initiated in 2025 by the […]
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BVI Company Beneficial Owners Can Protect Their Data from Disclosure
Starting 1 April 2026, the British Virgin Islands (BVI) Registrar of Corporate Affairs will begin providing information regarding the beneficial owners of BVI companies upon request to any persons demonstrating
Panama: Accounting Record Obligations Deadline for Companies 2026
Panamanian legal entities operating outside of Panama must submit annual financial reports by 30 April 2026. They must also confirm the physical address where their accounting records are kept. Reporting
UAE temporarily allows entry for residents with expired visas
The United Arab Emirates has announced a temporary easing of entry requirements for residents currently staying outside the country. Entry to the UAE with an Expired Residency Visa The UAE
Seychelles Removed from EU Tax “Grey List”
On 17 February 2026, the European Council announced updates to its list of jurisdictions that are non-cooperative for tax purposes. The Republic of Seychelles has been removed from all sections
Current Update on Uniwide’s Dubai Office Operations
Dear Clients and Partners, In light of the current geopolitical situation in the Middle East, including parts of the Gulf region and the United Arab Emirates, we would like to
DMCC Free Zone Companies in Dubai to Update Name Endings
Starting from 2 January 2025, all new companies in the DMCC Free Zone (Dubai) are registered with the suffix FZCO. Existing companies must update their names to include the FZCO
Tax Information Exchange in the UAE: Compliance Framework and Administrative Penalties
On 22 December 2025, the UAE Cabinet issued Decision No. (209) of 2025 regarding Exchange of Information upon Request for Tax Purposes. Under this Decision, companies and other entities in
Tax Reform in Cyprus
On 22 December 2025, the House of Representatives of the Republic of Cyprus enacted a landmark legislative package for comprehensive tax reform. These amendments encompass corporate and personal income tax,
UAE Joins CRS 2.0 Automatic Exchange of Information
In August 2025, the Ministry of Finance of the United Arab Emirates signed the Addendum to the Multilateral Competent Authority Agreement (MCAA) on the Automatic Exchange of Financial Account Information.