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Märtsis 2020 kõigi Seišellidel asuvate ettevõtete tegelikult kasusaavad omanikud registreeritakse andmebaasis, millele rahapesu andmebürool ja muudel kohalikel asutustel on otsene juurdepääs. Register aktsepteerib ainult füüsilisi isikuid ega aktsepteeri juriidilisi isikuid. Tuleb märkida, et registreerida tuleb nii nominent kui ka nominaator. Kui tegelik kasusaaja on usaldusisik, ei ole peavarju: kas asutaja või kõik tegelikud kasusaajad tuleb registreerida. Seišellidel asutatud ettevõtted võivad kolida teise jurisdiktsiooni (võta meiega ühendust). Võrdluseks: attached below is ... Read more

What a genocide by the Belize IFSC: they did not renew 16 Ettevõtjad. The announcement is made at the end of April 2020 with effect from the 1st January 2020! That is a real problem with license-based jurisdictions (Seychelles is another one): suddenly an entire list of companies created by those operators become illegal. This official document is attached for reference: 30-04-2020-Revised-Public-Notice-3-Non-renewal-of-licences-for-2020Download

Jõustub 1. aprillil 2020: iga-aastane hooldustasu tõuseb 450 USA dollarilt 500 USA dollarini kõigi ettevõtete ja IBC-de puhul. Partnerlus ja välismaine merendusüksus (FME) ei muutu. See kasv on tingitud Euroopa Liidu poolt Marshalli saartele surutud majandusliku sisu määruste järgimise kuludest. Suveräänsusest rääkimine: ärge imestage, et Brexit juhtus. Lõppude lõpuks ei ole Marshalli saared ELis, nii et neil on lihtne kõndida. See oli juba kirjutatud: artiklit 4(2) kohaselt austab Euroopa Liidu leping ainult teisi liikmesriike. Let’s send a big thank ... Read more

Under the pressure of the OCED and the EU: Dominica abolishes the previously granted 20 years tax exemption to all IBCs. Taxation rate will now be 30% of worldwide profits starting on the 1st January 2022. Full legal reference: Rahvusvahelised äriettevõtted (Amendment) seadus, 2019, TEGUTSEMINE 2 kohta 2019 http://www.dominica.gov.dm/laws/2019/International Business Companies (Amendment) Act 2019.pdf

On its way to the US Senate, this bill (H.R. 2513) will make mandatory the disclosure of beneficial owner(s) of any LLC or Corporation: anybody with more than 25% ownership. Annual reports will be made to FinCEN. The disclosed information will not be publicly available. The data to be disclosed will be: the full legal name ; the date of birth ; the current residential address ; and the current valid passport number (or valid US state driver license number). Exempted entities are: insurances, banks, any SEC regulated entities, churches, or 501(c) non-profit entities. View the full legal text for ... Read more

The worldwide industry of non-resident, low tax or tax neutral companies is panicking: all the big accounting firms (Deloitte, Ernest and Young, KMPG, and PWC) have been overwhelmed by a wave of recent legislation adopted by many jurisdictions at once. The call (shot?) has been made by the European Commission in Brussels regarding the non-cooperative tax jurisdictions. Some people will believe that it targets only small players, and others will believe that it only affects big players. In fact it is targeting every body. The biggest players affected are Chinese companies incorporated in the British Virgin Islands (BVI). Such companies ... Read more

Anguilla has adopted Economic Substance regulations in a very detailed manner.

The Marshall Islands adopted Economic Substance Regulations applicable from the 1st January 2019. However it is interesting to note that: it applies strictly to relevant activities (distribution and service center business, financing and leasing business, headquarters business, holding company business, intellectual property business, shipping business, banking business, and insurance business) holding company business is defined as pure equity holding company a pure equity holding company is subject to a reduced economic substance test the entities must provide the relevant information if requested by the Registrar it seems to apply to Master Series LLC only (and not each Series) an entity ... Read more

Like their flag with three legs: the Isle of Man prepares to triple kick with sanctions all the investors or companies that do not pass their economic substance’s tests.

Upcoming laws are to be adopted in Jersey regarding Economic Substance for companies.