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Insights

Harneys launches new Legal Minds on Markets podcast series
Corporate Services

Harneys launches new Legal Minds on Markets podcast series

Introducing Legal Minds on Markets, a new series of podcasts providing clear views and incisive commentary on trending topics in the financial world with an offshore slant.

Cyprus UBO regime announcement
Compliance Solutions

Cyprus UBO regime announcement

Cyprus UBO disclosure regime for entities and other legal arrangements commencing on 22 February 2021.

We have great news - our BVI borders are reopening!
Private Wealth

We have great news - our BVI borders are reopening!

1 December 2020 marks the dawning of a new day in the British Virgin Islands, as the BVI reopens its borders to all categories of travellers inclusive of tourists, residents, belongers and work permit holders.

Economic substance reporting obligations in the British Virgin Islands
Economic Substance

Economic substance reporting obligations in the British Virgin Islands

Like most other major international financial centres (including Bermuda, the Cayman Islands, Guernsey, Jersey, the Isle of Man and the United Arab Emirates), the BVI has introduced economic substance requirements for certain entities carrying on specified “relevant activities”.

Practical considerations for BVI economic substance (ES) reporting

Practical considerations for BVI economic substance (ES) reporting

All BVI companies and limited partnerships with legal personality must now report on their ES position annually (this includes foreign companies and limited partnerships with legal personality registered in the BVI).