British Virgin Islands – Update on substance rules for BVI companies and limited partnerships

Introduction: Following the introduction of the Economic Substance (Companies and Limited Partnerships) Act, 2018 (the Act) in the British Virgin Islands (BVI) on 1st January 2019 all BVI companies and all limited partnerships with legal personality will need to assess their compliance with the Act and submit compliance reports within six months after the end […]

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BVI Economic Substance – effective date delayed

In an extraordinary Gazette published 28 June 2019, the effective date for Economic Substance (Companies and Limited Partnerships) Act, 2018 (section 16 – deadline on economic substance reporting) coming into force was delayed from 30 June 2019 to 1 October 2019. We encourage all clients and users of BVI companies to take the necessary steps […]

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Hatstone South Africa advises on major virtual healthcare services deal

Hatstone Lawyers Incorporated recently advised an industry-leading IT company in the successful conclusion of an agreement for the supply of virtual healthcare services in collaboration with one of the largest pharmaceutical retailers in South Africa. The service which is set to roll out nationally towards mid-2019 will allow patients to interface with a healthcare professional remotely via live […]

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British Virgin Islands – New Substance Rules for BVI Companies and Limited Partnerships

Following the introduction of the Economic Substance (Companies and Limited Partnerships) Act, 2018 (the Act) in the British Virgin Islands (BVI) on 1st January 2019, BVI entities conducting certain business activities must meet economic substance requirements in the BVI. This BVI legislation was enacted in response to requirements established by the EU Code of Conduct […]

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Hatstone / Folio – WE HAVE MERGED!

The Hatstone Group and the Folio Group are very pleased to share with you that further to the announcement last year regulatory consent has been obtained and the two businesses are now merged. As a result of the merger Folio Corporate Services Limited has now obtained a Class I Trust Licence and has changed its […]

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Folio Corporate Services Limited joins IR as the exclusive Offshore Services Member in the British Virgin Islands

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Calum McKenzie of Folio Corporate Services Limited. Calum has joined IR as our exclusive Offshore Services Member in the British Virgin Islands. Calum has extensive experience working in corporate and fiduciary services, advising on and assisting with the formation and ongoing […]

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Morison KSi delegates meet in Nairobi – 21 delegates gathered in Nairobi, Kenya, on 2-4 July for the annual Morison KSi African Conference.

21 delegates attended the annual Morison KSi African Conference held at the Ole Sereni Hotel on 2-4 July 2018. The conference was largely focused on developing the African region, showcasing initiatives aimed at supporting and developing both new and established firms within the region. The event was opened by Liza Robbins, CEO of Morison KSi, […]

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Establishing Foreign Companies with Clarity – Enhancing understanding of KYC/AML regulations

May 2018

Establishing a presence in a foreign jurisdiction can be difficult, without the right help and guidance. International anti-money laundering (AML) rules mean that full customer due diligence is required on […]

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Anguilla Announces World’s First Blockchain Token Offering Registration Process for Utility Token Offerings: Enacts the Anguilla Utility Token Offering Act (“the AUTO Act”)

By Carlyle K Rogers, Barrister/Solicitor – CARLYLEROGERS (ANGUILLA)/CARLYLE ROGERS LEGAL CONSULTANTS FZE (DUBAI, UAE) On the 4th May 2018, the Anguilla House of Assembly enacted the Anguilla Utility Token Offering Act (“the AUTO Act”) which received assent and thus became effective on the 7th May 2018.  The Act provides for the registration of issuers of […]

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KSi Mauritius joins IR as the exclusive Offshore Services Member in Mauritius

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Ashvin Gokhool of KSi Mauritius. Ashvin has joined IR as our exclusive Offshore Services Member in Mauritius. “After having worked for several years in the international audit firms commonly known as “Big Four”, several accountants and consultants took the decision of incorporating […]

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Substance over form: the sine qua non of international tax planning in the age of transparency and BEPS

By Carlyle K Rogers October 18, 2017 Share on Facebook   In October 2015, the Organisation for Economic Co-operation and Development (OECD) issued its report on its BEPS Project titled: OECD/G20 Base Erosion and Profit Shifting Project 2015 Reports. This was accepted by the G20 (Group of 20 largest economies in the world) at its November […]

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