The global Financial Action Task Force (FATF) has published best practice guidance on establishing beneficial ownership of legal persons such as companies, foundations and associations.
Category: Information
British Virgin Islands Economic Substance Requirements for Legal Entities – October 2019 Update and Deadlines
On 28 December 2018, the British Virgin Islands published The Economic Substance (Companies and Limited Partnerships) Act, 2018 which came into effect on 1 January
Switzerland to begin phasing out bearer shares in November
Limitations on the use of bearer shares will come into force in Switzerland on 1 November, when the Federal Act on the Implementation of Recommendations of
Guernsey Launches Consultation On Introducing LLCs
Guernsey is proposing to adopt limited liability companies (LLC), in a move intended to enhance the island’s competitive position in the United States. Guernsey adopted
Bring your entity to Liberia!
The tense situation in certain jurisdictions due to riots and exceeding reporting expectations have disrupted many businesses. Multiple investors fear unstable economies and the ever
Costa Rican beneficial ownership reporting starts next month
Following Malta and Ireland, Costa Rica’s ultimate beneficial owner (UBO) reporting requirements have been enacted into law, substantially updating the country’s tax regulation and procedures