The Bermuda Monetary Authority (BMA) recognizes the importance of actively monitoring its laws and regulations to ensure harmony with the undertakings which it regulates.
Last year saw a resurgence in listed companies incorporated in the Cayman Islands, with links to Asia, de-listing from global stock exchanges.
Cayman Finance issued the following statement by CEO Jude Scott following the announcement by G7 Finance Ministers that they have reached agreement on a global minimum corporate tax rate...
Elias Neocleous & Co LLC
On the 3rd of June 2021, the Tax Department issued an announcement stating that there will be no imposition of administrative fines for the overdue submission of DAC6 information until the 30th of September 2021.
Special Contribution for Defence (SDC) is imposed on income earned by Cyprus tax residents. Non tax residents are exempt from SDC.
Elias Neocleous & Co LLC
Our Partner, Antonis Glykis, has recently published an article in the Fileleftheros and Politis newspapers, on the issue of medical negligence. Mr. Glykis first analysed a significant decision...
Areti Charidemou & Associates LLC
The Ministry of Finance acknowledges the recent statement by the leaders of the Group of Seven (G7) nations regarding their position on proposed global tax reform.
This table provides a summary of the withholding taxes applicable for payments to Cyprus companies from double tax treaty countries.
ELVINGER HOSS PRUSSEN, société anonyme
On 4 June 2021, the European Commission adopted the following two sets of new standard contractual clauses in the context of the General Data Protection Regulation (Regulation 2016/679, the GDPR):
The European Commission has issued a press release on 12/4/2021 according to which it has proposed to exempt from Value Added Tax (VAT) goods and services made available by the European Commission...
Guernsey has further cemented its position as a leader in the green finance space with the publication of a practitioner's guide to impact investing and sustainability.
We have compiled the following chronology table which serves as a quick reference point to track the circulars and guidance published by HK financial services regulators in relation to COVID-19.
The ILS Grant scheme aims to boost Hong Kong's position as a global risk management centre like Bermuda and Singapore.
As you will be aware, offshore trusts often include provision for the addition, appointment and removal of beneficiaries, to provide flexibility for the future and to "arm the trustees with a weapon...
As 2021 reaches its halfway point, we continue to find ourselves in the midst of a special purpose acquisition company (SPAC) frenzy.
There are more than a few fascinating stories regarding Intellectual Property in sports, ranging from the origin of basketball to the thousands of patents in golf.
Loyens & Loeff
The most likely way to have an English scheme of arrangement recognised in Luxembourg would be by applying to the Luxembourg courts for an exequatur recognition procedure.
Nowadays, when many countries are announcing an increase in taxes due to the coronavirus pandemic, surely a lot of individuals are or will be looking to do some tax planning...
Envoy Global, Inc.
All employers seeking to employ foreign nationals on an Alien Employment Permit (AEP) are subject to the new labor market test requirement.
The third and final edition of 'Children's Tales From Around the World' is now available! Produced by Expo 2020 Dubai, which is scheduled to take place from October 1, 2021 until March 31, 2022...