Author: Zekai Xu
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Upcoming Jurisdiction Filing Deadlines
Jurisidiction Filing type Filing deadline Applicable entities Documents required for filing Authority Seychelles 1st Bi-Annual Accounting Records Submission 31 July 2025 All Seychelles companies Accounting records/documentation underpinning a transaction, including but not limited to:bank statements;receipts;invoices;vouchers;title documents;contracts and agreements; andledgers Registered Agent Cayman Islands CRS/FATCA Reporting for all Financial Institutions 31 July 2025 FATCA/CRS Reporting entities…
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Distribution of Dividend Payments: Returns to Shareholders
Introduction Dividend payments are a key mechanism for returning value to shareholders. In this article we take a look at general principles governing the process, applicable laws and financial determinations to be made in three jurisdictions: the British Virgin Islands (BVI), Cayman Islands and Hong Kong. In each jurisdiction distributions by dividend are governed by…
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FATCA & CRS – Reporting Obligations and Key Considerations
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In line with global tax transparency initiatives and the automatic exchange of information (AEOI) regime, financial institutions are required to comply with the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS). These frameworks mandate the collection and reporting of financial account information and reportable accounts to local tax authorities. In the…
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Upcoming Jurisdiction Filing Deadlines
Jurisidiction Filing type Filing deadline Applicable entities Documents required for filing Authority BVI Filing of Register of Members (ROM) 30 June 2025extended to 31 December 2025 BVI companiesNote: mutual funds and listed companies are exempt from this filing 1. Register of Members (ROM)2. KYC of shareholders3. Associated transaction documentation Registry of Corporate Affairs BVI Filing…
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Segregated Portfolio Companies in the Cayman Islands: Structure, Benefits & Practical Applications
A Cayman Islands exempted company can be registered as a Segregated Portfolio Company (SPC) under the Cayman Islands Companies Act (Revised) (Companies Act). Registration can occur at incorporation or later. An SPC remains a single legal entity but may create distinct segregated portfolios (Portfolios), with statutory ring-fencing ensuring that the assets and liabilities of each Portfolio are protected from those of other Portfolios and the general assets of the…
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Marbury Successfully Completes ISAE 3402 Type II Audit for 2024
We are pleased to announce that Marbury Corporate Advisory Services Limited has successfully completed its ISAE 3402 Type II audit for 2024. This rigorous assessment, conducted by independent auditors, validates the ongoing effectiveness of our internal controls and operational processes. The audit process involved a thorough examination of our systems, ensuring that our controls remain…
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Hong Kong Unveils Re-domiciliation Scheme to Attract Global Enterprises
On 14 May 2025 the Legislative Council of the Hong Kong Special Administrative Region (Hong Kong SAR) enacted the Amendment Ordinance 2025 (the Ordinance), introducing a streamlined inward company re-domiciliation scheme. Under the Ordinance, foreign-incorporated entities can transfer their domicile to Hong Kong SAR while preserving their corporate identity and operational continuity, provided they satisfy…
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Upcoming Regulatory Inspections Underscore the Importance of KYC Compliance
As regulatory oversight intensifies, service providers must remain vigilant in their customer due diligence (CDD) processes to ensure compliance with evolving inspection standards.
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Employment Law Changes in Hong Kong: What Employers Need to Know
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As of 1 May 2025, two significant employment law changes have taken effect in Hong Kong: the abolition of the Mandatory Provident Fund (MPF) offsetting arrangement and an increase in the statutory minimum wage. These reforms will have lasting implications for businesses, particularly in payroll management and employee benefits. MPF Offsetting Abolished Employers can no longer use mandatory MPF contributions to…
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FAQs: BVI Register of Members (ROM) and Register of Beneficial Ownership Filings (BOR)
*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. In relation to the Amendments to…