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

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The British Virgin Islands (BVI (Brittiska Jungfru)) adopts economic substance requirements applicable from 1 januari 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…

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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 och 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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There was a time when Anjouan had a (temporär) finansmarknad (Borta sedan 2005). En annan är fortfarande online: called the MISA (Mwali internationella servicemyndighet). Webbplatsen och lagarna är på engelska: whereas the official language of the country is French. This Authority is completely fake, och är knuten till ön Mohéli….

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Vad gör LLCs, LLP:er, S-Corps, och partnerskap har gemensamt? De är alla pass-through-enheter (helt enkelt: inte omfattas av en företagsbeskattning). Enligt ett nytt Trump-skatteförslag, statusen för genomgångsenheter kommer att återkallas och kommer att beskattas vid a 15% federal skattesats. En sådan plan kommer omedelbart att förvandla alla LLCs i USA…

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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 av 2016 – International Business Companies (Avgifter) Regulations 2016, the licence fee of Belize International Business Companies (IBCs) has been increased from US$100 to…

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