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Bermuda is added to the list of jurisdictions adopting an Economic Substance Regime. Bermuda is used by numerous insurance companies (for example: AIA in Hong Kong) in order to lower the costs and avoid stamp duty on shares. Insurance companies already have on the ground staff in Bermuda so this should not be a problem for them.

The Bahamas follow many other jurisdictions by adopting substantial economic presence requirements: activities must be conducted from the Bahamas.

The British Virgin Islands (BVIの) adopts economic substance requirements applicable from 1 1月 2019 (with a six-month transitional period for existing legal entities) if it conducts any of the following “relevant activities”: banking business insurance business fund management business finance and leasing business headquarters business shipping business holding business intellectual property business distribution and service centre business. If the economic substance fail, the BVI non-resident company needs to show that it is resident (and taxed) in another jurisdiction. Companies registered in the BVI are widely used in Hong Kong.

Mauritius is phasing out their Global Business Companies (GBC) on the 30 June 2021. Only one single regime of GBC will survive, with 2 resident directors in Mauritius required, and a single 15% corporation tax rate.

The low-cost model is spreading in many markets: airlines, tourism, manufacturing, housing, finance, etc… There was a time when the customers were doubtful regarding low-cost airlines (safety, reliability, etc). But within a decade: the prices were so low that the customers were too attracted to ignore them. After almost a decade of offering PROMINEE® services (we are approaching the 10th anniversary of this website): the customers are starting to understand that they have been paying too much for some services. The debacles of some expensive competitors prove that very high priced operators are not a guarantee of trust & reliability. ... 続きを読む

After Belize, Barbados is the next country to alter their assets rules for IBCs and ISRLs (International Society with Restricted Liability). IBCs and ISRLs will be phased out on the 30th June 2021, and all companies will be converted into RBC (Regular Barbados Companies). This was done under the pressure of the OECD and the EU Code of Conduct Group. If you want to re-domicile your Barbados company: お問い合わせ.

It is not very surprising that Belize continues to shoot itself in the foot. It probably shows that this jurisdiction is just after your money (and they do not care about serving you). In two regulations (dated 2018 and 2019), the government has banned: all IBCs from holding Intellectual Property (!) all IBCs from being holding companies (holding shares of other companies). Penalty is: US$25,000 for the first offence, and US$100,000 for any subsequent one. If your IBC is a shareholder of any other company in the world: you are committing an offence. If you want to re-domicile your Belize ... 続きを読む

デジタル通貨について話すことはこのブログの利益にはなりませんが, マーシャル諸島共和国は興味深い (に組み込むのは素晴らしい管轄であるため). 今年、国は: ソブリン通貨法の宣言と発行 2018. 調査結果: マーシャル諸島の大統領のようです (ヒルダハイネ) もっている (不幸にも) イスラエルのスタートアップに納得 (ニーマ) このプロジェクトは、国の予算に3,000万米ドルを投入する方法でした。 ; と 12 政府が保持する数百万の新しい通貨単位, and distributed ... 続きを読む

There was a time when Anjouan had a (一時的) 金融市場 (以来なくなった 2005). もう1つはまだオンラインです: called the MISA (ムワリ国際サービス局). ウェブサイトと法律は英語です: whereas the official language of the country is French. This Authority is completely fake, モヘリ島に付属しています. Everything is fake, including this fake bank. 4月から警告が出ています 2014 by the Central Bank of the Comoros (フランス語のみですが). 認可銀行のリストはこちら: しかありません 4 国内の銀行. さえあります ... 続きを読む

What do LLCs, LLPs, S-Corps, and Partnerships have in common? They are all pass-through entities (simply: not subject to a corporate taxation). Under a new Trump tax proposal, the pass-through entities status will be revoked and will be taxed at a 15% federal tax rate. Such plan will immediately transform all LLCs in the US into a corporation, as federal corporate tax is concerned. This however is to be compensated by switching the US to a territorial tax system. First of all: at the time of writing, these proposals have not been approved nor been passed as a law yet. It ... 続きを読む