Bangladesh joins the Hague Apostille Convention
From 30/MAR/2025 Bangladesh will be able to issue and accept Apostilles! Bangladesh is the second largest economy in South Asia after India.
Author: Prominee
Let’s talk about Delaware (as of 2024): 3 myths to debunk
The marketing about Delaware is very strong online. It is supposed to be America’s first corporate state, where all the Google and Microsoft of this world are incorporated. So when you need documents you can get them fast and online?… Wrong. Myth #1: all documents are available quickly online When you order any documents by…
How the EU killed the British Virgin Islands (BVI)
Since 2019 the British Virgin Islands (BVI) have adopted the Economic Substance (ES) 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…
How to escape the Beneficial Ownership Information (BOI) from the US Financial Crimes Enforcement Network (FinCEN)?
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…
UK’s Companies House to multiply fees by 3.5
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.
PROMINEE® is banned in Russia
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…
Rwanda joins the Hague Apostille Convention
From 05/JUN/2024 Rwanda will be able to issue and accept Apostilles! Rwanda is a beacon of cleanliness in Africa.
Canada enters the Hague Apostille Convention!
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!
China is now part of the Hague Apostille Convention
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.
Isang halimbawa ng kaso: an illegal Trust in Belize
Sometimes the most basic legal structure can be completely depraved to become something illegal. Take for example this married British couple wanting to create a Trust in Belize. They contacted a licensed local agent, and paid a hefty fee to create a Trust (7x times more expensive than PROMINEE®). During the Trust Deed drafting time:…
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