Déi britesch Virgin Islands (BVI) adoptéiert wirtschaftlech Substanz Ufuerderunge applicabel aus 1 Januar 2019 (mat enger sechs Méint Iwwergangsperiod fir bestehend legal Entitéite) wann et eng vun de folgende "relevant Aktivitéiten" mécht: Bankgeschäft Versécherungsgeschäft Fondsmanagement Geschäftsfinanzen a Leasing Geschäftszentrum Geschäftsverschéckengeschäft Holding Geschäftsintellektuell Eegentum Geschäftsverdeelung a Service…

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

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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…

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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…

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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…

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While it is not in the interest of this blog to talk about digital currencies, the Republic of the Marshall Islands is of interest (as it is a great jurisdiction to incorporate into). This year the country adopted the: Declaration and Issuance of the Sovereign Currency Act 2018. Results of the investigation: It appears that the…

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Et war eng Zäit wou Anjouan eng (temporäre) Finanzmäert (zënter fort 2005). En aneren ass nach ëmmer online: MISA genannt (Mwali International Service Autoritéit). D'Websäit a Gesetzer sinn op Englesch: wärend déi offiziell Sprooch vum Land Franséisch ass. Dës Autoritéit ass komplett gefälscht, an ass un der Insel Mohéli verbonnen….

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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…

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Belize started as a low cost jurisdiction in a highly international competitive market: the market of incorporating companies. This is one of those bad April fools. According to Belize Statutory Instrument No. 11 vun 2016 – International Business Companies (Fees) Regulations 2016, the licence fee of Belize International Business Companies (IBCs) has been increased from US$100 to…

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The State of Delaware makes US$16 billion out of corporate fees alone (2015 report). This is the GDP of Malta or Iceland. Despite this, it took them 3 months to process a regular corporate document sent to the Division of Corporations: from October 2016 to January 2017. If you want a faster proceeding you have to pay…

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