Author: Ruth Stather
-
Amendments to the BVI Business Companies Act: Changes to Beneficial Ownership Regulations
Background to the beneficial ownership updates Recent amendments to the Business Companies Act have introduced several new requirements to align with international compliance standards. The Business Companies and Limited Partnerships (Beneficial Ownership) Regulations (the BO Regulations) aim to enhance transparency by mandating certain obligations for companies. The first of these changes is set to commence…
-
Cayman fee increases in 2025
—
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…
-
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,…
-
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.
-
Bermuda Companies Act Amendments and Regulatory Updates
—
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…
-
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…