Several jurisdictions (countries) already require financial statements for companies domiciled there, such as Virgin Islands, Bahamas, Nevis, Cayman Islands, Anguilla, and Panama.​​ The recent example of Panama is very significant, as through Law No. 254 of November 2021, Panama began to require the submission of financial statements based on the International

Companies with US assets (principally real estate) are often unaware of the importance of coordinating and closely monitoring their US compliance matters. ​​ Frequently three or four different professional service providers are involved, and the lack of complete information, coordination and communication results in: Financial statements inconsistent with the company

Prepare for possible tax reform in Brazil: financial statements for private investment companies Over the next few months, the Brazilian resident shareholder in an offshore company should weigh: what the potential tax burden means, adding up: the ongoing costs for maintaining the company, annual accounting preparation, and the potential tax

  The Brazilian Central Bank has changed the reporting requirement to assets totaling US$ 1 million. ​​ In addition, it added three new important and specific items on the DCBE - “Ativo: ​​ Empresas – Participação no Capital”.This affects the participation in foreign companies. The Central Bank has included specific items regarding