Blog

Since 2019 the British Virgin Islands (영국령 버진아일랜드) have adopted the Economic Substance (ES (에스)) regulations under the pressure of the European Union (EU). They apply to some specific activities (the “relevant activities”) which most people would use the BVI for (ie: holding companies). Any company or limited partnership has to show that either: it has an economic substance in the BVI (ie: local employees and/or local managers) or it is tax residence somewhere else than the BVI. It would make no sense (at least to most people) to hire local employees just for the sole purpose of creating an economic substance ... 더 읽기

Starting 1st January 2024: all US registered entities have to declare and identify their Beneficial Ownership to the US Financial Crimes Enforcement Network (FinCEN). What to declare? Any US entity shall declare and identify all Beneficial Owners over 25% (name, residential address, and passport scan should be given). Who needs to declare? Any US entity registered with any Secretary of State is required to declare, and to have an EIN, SSN/ITIN of the owner, or a foreign Tax ID for the declaration. We offer an EIN service if you do not have one. Is there any exemption? Yes, all those ... 더 읽기

The United Kingdom (UK) companies registrar Companies House will multiply their fees by an average of 3.5 from 1st May 2024, due to the Economic Crime and Corporate Transparency (ECCT) Act.

A formal email was received from the Russian Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications (ROSKOMNADZOR) that our PROMINEE® website has been blocked from Russia. A reference to the decision of the Kungur City Court (Perm Territory) No. 2a-3556/2023 dated 2023-12-25 (on Christmas day?!) has been made but the decision is nowhere to be found (a VPN in Russia is needed to see the court’s website). Why? Without access to the court decision, one can only guess that it could be because PROMINEE® is attached to a company registered in the USA, which ... 더 읽기

From 05/JUN/2024 Rwanda will be able to issue and accept Apostilles! Rwanda is a beacon of cleanliness in Africa.

After decades of backward, old fashioned and painful legalizations through embassies: Canada will finally enforce the Apostille Convention of the Hague from 11/JAN/2024!

It is with great delight that China is now part of the Hague Apostille convention from today (07/NOV/2023). Unfortunately the Chinese Apostilles are not (yet) recognized by India and any other states not recognized by China, but this will most likely change in the (near) future.

때로는 가장 기본적인 법적 구조가 완전히 타락하여 불법적인 것이 될 수 있습니다. 예를 들어, 벨리즈에서 신탁을 만들고 싶어하는 이 기혼 영국인 부부를 생각해 보십시오. 그들은 면허가 있는 현지 에이전트에게 연락했습니다, 신탁을 만들기 위해 막대한 수수료를 지불했습니다 (7PROMINEE보다 x 배 더 비쌉니다.®). 신탁 증서 초안 작성 기간 동안: 배우자들은 신탁에 기여할 수 있기를 바란다는 의사를 표명했습니다. 벨리즈의 면허가 있는 현지 에이전트가 키메라를 만들었습니다.: 2x 설정자/양도자가 있는 신탁! 뿐만 아니라 서명된 증서를 고객에게 발송하지 않았습니다. For those unaware ... 더 읽기

Twenty years ago, a Nevis LLC was incorporated and kept all those years until the agent became stupid/greedy/absurd. While the Nevis agent cannot be named, the limit was reached when the agent added this service: Discard all mail received, at a fee of $100 per annum This agent charges US$1,000 for a Nevis LLC incorporation, then US$700 per year for the maintenance, plus an extra US$100 per year just to throw mail in the trash… By switching to our Trust service, the customer paid £350 GBP for the first year, and will pay £150 GBP per year for the subsequent ... 더 읽기

Similar to a holding company: an investment company can open a brokerage account and start investing in the stock markets around the world. If you are in a country that has investment restrictions (economic patriotism), or in which the yearly management is expensive and burdensome: you can outsource and organize it into another country. The implementation requires two legal entities: a trust and a company (acting as a trustee). The trust will shield away your ownership while still granting you full control over the assets. The trustee company will give you the flexibility and a bundle of two Nominee Shareholders: ... 더 읽기