Author: Zekai Xu
-
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 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 of Register of Beneficial…
-
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…
-
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…
-
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…
-
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.
-
Employment Law Changes in Hong Kong: What Employers Need to Know
—
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…
-
FAQs: BVI Register of Members (ROM) and Register of Beneficial Ownership Filings (BOR)
In relation to the Amendments to the BVI Business Companies Act: Changes to Beneficial Ownership Regulations and the new Register of Members and Register of Directors Filing Requirements, we have compiled a list of frequently asked questions Marbury’s Comsec and Compliance Teams have encountered when assisting clients to review and update their new Register of Members (ROM) and…
-
The BVI Approved Manager Regime: A Cost-Effective Solution for Emerging Fund Managers
In an era of increasing regulatory complexity and escalating compliance costs, fund managers seeking a jurisdiction that offers flexibility without compromising credibility may find the British Virgin Islands (BVI) Approved Manager regime to be an ideal solution. Recognised by the BVI Financial Services Commission (FSC), this light-touch framework provides emerging managers with an efficient and…
-
Cayman Foundation Companies
Since introducing the Foundation legislation in 2017, Cayman Island Foundations have become a useful structuring vehicle for diverse commercial and personal purposes. On the commercial side as a legal wrapper, the vehicle has been popular as part of a decentralised autonomous organisation (DAO), due to its unique properties: These features are available for wealth structures…
-
Immigration (Amendment) Regulation 2025: New Application Fees and Increases for Talent and Capital Investor Admission Schemes
—
As part of the 2025-26 Budget, the Hong Kong Government has introduced significant changes to the immigration fee structure. Effective from 26 February 2025, the Immigration (Amendment) Regulation 2025 establishes new application fees under various admission schemes designed to attract talent and capital investors. These revisions align with the “user pays” principle to ensure administrative…