UAE: economic substance requirements
1 July 2019
20 June 2019 the information that United Arab Emirates (UAE) have adopted economic substance requirements for companies, mostly similar to ones of offshore jurisdictions like
Tag: Offshore
Registers of beneficial owners in different countries
11 June 2019
In the light of worldwide business transparency strengthening trend some states and territories have applied or are currently applying registers of beneficial owners of companies.
Ireland has established central register of beneficial owners
21 April 2019
22 March 2019 the Statutory Instrument № 110 of 2019 (SI 110) that provides for creation of central register of beneficial owners of companies has
Belize: changes of physical presence requirements
16 April 2019
27 March 2019 legislative bodies of Belize have enacted next amendment to International Business Companies Act 2011 (“IBC Act”) which provides for changes of physical
Cyprus tax diary 2019
10 April 2019
In 2019 Cypriot taxpayers (including companies and individuals resident in Cyprus) must declare their incomes and pay taxes within the following deadlines: Deadline Taxpayer’s duties
Central Bank of Cyprus has prohibited service of shell companies
28 March 2019
Being a regulatory authority in the sphere of banking and other financial activity in this jurisdiction, Central Bank of Cyprus has issued the Directive on
The European Union extends list of non-cooperative tax jurisdictions
14 March 2019
On 12 March 2019 the European Commission published a press release informing that 10 jurisdictions (Aruba, Barbados, Belize, Bermuda, Dominica, Fiji, Marshall Islands, Oman, United
Belize: changes in legislation on International Business Companies
5 March 2019
In line with several offshore jurisdictions, such as British Virgin Islands, Cayman Islands and Seychelles, 1 January 2019 Belize has modified its legislation on International
Redomiciliation of companies: international practice
5 February 2019
Legislation of many countries allow re-registration to another jurisdiction of legal entity that was originally incorporated in one jurisdiction. Due to substantial changes of requirements
Tax reform in Seychelles
21 January 2019
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