Category: News & Updates
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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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Immigration (Amendment) Regulation 2025: New Application Fees and Increases for Talent and Capital Investor Admission Schemes
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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…
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Changes to the Seychelles IBC Amendment Act – Company Strike-Off
Overview The Seychelles International Business Companies (Amendment) Act, 2024 (IBC Amendment Act) came into effect on 18 December 2024, introducing significant changes to the striking-off process for Seychelles companies (IBCs). Under the new provisions, IBCs can now be struck-off and dissolved much sooner than before, particularly in cases of non-payment of annual fees. Key Changes to the Striking-Off Process Previously, IBCs that…
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Seychelles Annual Review of Beneficial Ownership Information
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Further to the regulatory changes implemented through the Beneficial Ownership (Amendment) Regulations 2023 as detailed in our previous update(s), from 1 January 2025 onwards Regulation 13 requires Seychelles entities to verify their Beneficial Ownership information at least once per calendar year to ensure filed records are accurate.
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Cayman Islands Beneficial Ownership Regime Update: Access Restrictions, Legitimate Interest Access and Beneficial Ownership Transparency
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The Cayman Islands has recently established a comprehensive framework for accessing beneficial ownership information based on legitimate interest and for protecting such information from disclosure. These updates enhance the existing beneficial ownership regime and ensure compliance with evolving beneficial ownership reporting requirements. They also reinforce robust access restrictions and Legitimate Interest Access protocols, as mandated…
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Amendments to the BVI Business Companies Act: Changes to the Register of Members and Register of Directors Filing Requirements
Recent legislative amendments to the Business Companies Act, effective 2 January 2025, have introduced several changes to the filing requirements and deadlines for companies within the BVI. Key updates include amendments to the Register of Members and the Register of Directors, alongside changes to the notification and filing of beneficial ownership information.
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Amendments to the BVI Business Companies Act: Changes to Beneficial Ownership Regulations
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 from 2 January 2025, necessitating the…
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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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Cayman Islands services delayed due to Hurricane Beryl
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The hurricane warning has been lifted, however there may be delays as damage assessments are conducted and backlogs are cleared. As of 3 July 2024, several businesses and government offices in the Cayman Islands have closed their operations due to Hurricane Beryl.
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Marbury at the Hong Kong Sevens 2024
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Over the 5-7 April weekend Marbury hosted close to 100 clients and friends of Marbury, and Marbury founder, Duncan Smith, at the Hong Kong Sevens – the premier tournament on the World Rugby Sevens Series. As we finally recover after the exhilarating weekend, we at Marbury want to extend a heartfelt thank you to all…