Tax Reform in the Seychelles
1 January 2019 several acts that substantially change tax regime of International Business Companies (offshore companies, IBC companies), as well as of companies with special license and funds, have entered […]
Tag: Offshore
British Virgin Islands: implementation of economic substance requirement
1 January 2019 the Economic Substance (Companies and Virgin Limited Partnerships) Act 2018 (the Act) that establishes the requirement of real (physical) presence of certain types of legal entities in
Restrictions of servicing of shell companies in Latvian banks
On 26 April 2018 Seim of Latvia has approved an Amendment to Law on the Prevention of Money Laundering and Terrorism Financing in second reading (the Amendment). The Amendment will
Belize implements register of directors and beneficial owners and abolishes bearer share arrangements
New amendments under the International Business Companies (Amendment) Act 2017 were adopted in Belize in 21 of July in order to implement registers of directors and beneficial owners as well
Requirements for SLPs to disclose their beneficial owners
Since Scottish Partnerships (Register of People with Significant Control) Regulations 2017 have come into force on 26 June 2017, Scottish Limited Partnerships (SLP) are required to disclose their people with
The United Arab Emirates signed the main convention against offshore tax evasion
On 21 April 2017 at the OECD Headquarters the Ambassador of the United Arab Emirates (UAE) to France signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. This
New record keeping requirements for Panamanian companies
From 1 January 2017 Panamanian companies that do not carry on business in Panama are required to keep accounting records and underlying documentation in the office of their registered agent
Seychelles ceased to have an offshore status for Latvia
The Regulations of the Cabinet of Ministers of Latvia No. 276 of 26 June 2001 “Terms on low-tax and tax-free countries or territories” contains the list of countries and territories
Seychelles refuted creation of central register of company beneficial owners
The Seychelles Financial Services Authority (FSA) responded to the article published by the Reuters news agency on 6 July 2016, which reported the jurisdiction’s plans to establish a central register
Seychelles: New IBC Act 2016
The Republic of Seychelles plans to bring into force the new International Business Companies Act which was approved by the National Assembly on the 26 of July 2016. International business