To this end, in March 2018, the European Commission presented a proposal for a regulation on CSPs propounding the notion of an EU passport for CSPs and crowdfunding platforms offering their services across the EU.
A not-for-profit membership organisation, it has a mandate from Commonwealth heads of government to promote intra-Commonwealth trade, investment and the role of the private sector across the 53 member countries.
The Policy Framework, therefore, rightly recognises that the island’s experience of providing more than 50 years of sophisticated and discrete services of unrivalled breadth and depth across fiduciary, funds and wealth management lends itself to pro
In 2018, Organization of Economic Development ('OECD'), announced that the UAE has become a member of the Base Erosion Profit Shifting inclusive framework ('BEPS IF').
Opening in Bermuda underpins Ed’s commitment to existing and potential clients, particularly in the US, Canada, and the Caribbean, and will form an important component of parent BGC Insurance Group’s global insurance services offering.
Largely, IFCs have responded by legislating to require corporate entities existing under their laws to have economic substance within their respective jurisdictions, to remove any preferential tax treatment non-resident owned entities may receive and to c
Cayman Islands entities existing prior to 1 January 2019, which are subject to the Regime, will need to comply by 1 July 2019, and newly established entities will need to comply as soon as they commence any Relevant Activity.
The report covers banks, fund managers, trust administration, accountancy and legal firms.