Author: Ruth Stather
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Changes to the Seychelles IBC Amendment Act – Filing of Register of Members and disclosure of Nominee Shareholding
The Seychelles Financial Services Authority has recently announced policy changes which relate to amendments to the Seychelles International Business Companies Act. Companies must now record and file details of nominee shareholders and their nominators, ensuring compliance with new disclosure requirements. Nominee shareholders are required to submit a written declaration, confirming their nominee status and disclosing…
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Important Update: Filing of the Register of Members and Beneficial Owners in the British Virgin Islands – Extension of Deadline
The British Virgin Islands Financial Services Commission (FSC) announced a 6-month extension for companies incorporated prior to 1 January 2025, to file their Register of Members and Register of Beneficial Owners with the BVI Registry. The deadline has been extended from 30 June 2025 to 31 December 2025. Whilst this extension provides additional time for compliance,…
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Upcoming Cayman Islands Fund Annual Return filing due 30 June 2025 for entities with a FYE of 31 Dec
A reminder that all regulated funds (including mutual, hedge and private funds) registered with the Cayman Islands Monetary Authority (CIMA) and with a financial year ending 31 December, must file their fund annual returns (FAR) and audited financial statements (AFS) for the 2024 financial year on or before 30 June 2025. For funds seeking an…
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Amendments to the BVI Business Companies Act: Changes to Beneficial Ownership Regulations
**UPDATE: The BVI FSC announced a 6-month extension for companies incorporated prior to 1 January 2025, to file their Register of Members and Register of Beneficial Owners with the BVI Registry. The deadline has been extended from 30 June 2025 to 31 December 2025 and this extension has been reflected in our original article below. Background to the beneficial ownership…
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Cayman fee increases in 2025
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The purpose of this update is to provide summary information around adjustments to the annual maintenance fees for Cayman entities, effective in 2025. A) Cayman Islands Monetary Authority (CIMA) – Licence fees adjustment for 2025 The Cayman Islands Monetary Authority (CIMA) confirmed on 11 December 2024 that they will impose the proposed increases to its 2025 licence fees. These…
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Important Update: Filing of Annual Returns for BVI Companies
The deadline for the first filing of annual financial returns (AFRs) by companies incorporated or registered in the British Virgin Islands (BVI) is Monday, 30 September 2024. On 26 September 2024, the BVI Financial Services Commission (the Commission) announced that due to policy and logistical issues in ensuring full compliance for the first return deadline,…
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Changes to the Cayman Islands Beneficial Ownership Regime
The Cayman Islands Government recently passed the Beneficial Ownership Transparency Regulations (2024) expanding the scope of the previous regime and now also now includes previously exempt investment fund vehicles. Read our overview of the key updates here.
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Bermuda Companies Act Amendments and Regulatory Updates
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Recent amendments to the Companies Act and regulatory framework that may impact your business operations in Bermuda Bermuda has undergone significant enhancements in its commercial (re)insurance supervision and regulatory regime, driven by industry consultations and market testing led by the Bermuda Monetary Authority (BMA). These enhancements particularly impact commercial (re)insurers in the long-term space, resulting…
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Is the Travel Pass as good as a Hong Kong Employment Visa?
To evaluate options for living and working in Hong Kong, it is crucial to understand the distinct differences between the Hong Kong Travel Pass and the Employment Visa, as each caters to different needs and provides varying rights and limitations. We consider the options available to foreigners when planning to travel to Hong Kong for…