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Article Corporate Fiduciary
Economic Substance Update
The European Union imposed requirements on jurisdictions with low or no taxation, to enact legislation that would provide for economic substance for companies wanting to benefit from being incorporated in those jurisdictions.
Apr 12, 2024
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Article Corporate Fiduciary
Why Your Company Needs a LEI Number
A Legal Entity Identifier (“LEI”) is a 20 digit alpha-numeric code assigned to legal entities to identify them on a global basis.
Feb 1, 2024
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Article Corporate Fiduciary Insurance management Investment business
From Insured to Insurer: Establishing a Captive Insurance Company
Captive insurance companies are a form of self insurance. Any organization with a good risk management programme that feels that its insurance premiums are too high, may benefit from setting up a captive.
Oct 31, 2023
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Article Corporate Fiduciary
Wind Down or Pay Up
The annual licence fee for BVI companies incorporated between 1 July and 31 December is due by 30 November.
Sep 30, 2023
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Article Corporate Fiduciary
New Annual Return Requirements
Under the requirements of the BVI Business Companies Act (the “Act”) BVI companies have been required to maintain records and underlying documentation.  These requirements have been in place since 2015 and during 2022 the Act was amended to require filing annual financial returns with your registered agent.  The BVI Business Companies (Financial Return) Order was Gazetted on 2 March 2023.
Mar 27, 2023
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Article Corporate Fiduciary
UK Sanctions Regime Applies to all BVI Companies
The UK implements a range of sanctions regimes through regulations made under the Sanctions and Anti-Money Laundering Act 2018 (the Sanctions Act)
Feb 1, 2023
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Article Corporate Fiduciary
Key Changes to the BVI Business Companies Act
There are amendments to the BVI Business Companies Act, that come into effect on 1 January 2023.
Jan 2, 2023
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