Anguilla is a charming group of islands, located to the north of the Eastern Caribbean. It belongs to the British reign with status similar to Bermuda, Cayman Islands, British Virgin Islands, etc. The legal system is based on British laws....
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 payments. That way,...
Closely held US entities and certain foreign companies doing business in the US will need to report information to the US Treasury (FinCen) regarding Beneficial Owners for holding or ‘shel’ companies, or companies with less than 20 employees. This legislation...
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...
Todas as companhias de BVI deverão apresentar o relatório financeiro sobre os resultados do ano 2023 através de um formulário especifico a ser entregue a partir de janeiro de 2024 CONTABILIDADE EM BVI O governo das Ilhas Virgens Britânicas introduziu...
As a result of the January 2021 Corporate Transparency Act, privately held US entities (LLCs, partnerships and corporations) and certain foreign companies doing business in the US will be required to report information to the US Treasury (FinCen) about their...
As previously reported, the British Virgin Islands government implemented a series of changes that came into effect in January 2023. Among these changes is the annual obligation to deliver financial reports. All BVI Business Companies must present the financial report...
We are here to talk about Provisional Measure (MP) 1171, published on April 30th. With it, the federal government makes the fifth attempt to change the taxation of results from investments abroad. Congress will have 120 days to appreciate and/or...
Are you aware of the news involving companies located in Uruguay? Uruguay has implemented the concept of Economic Substance to comply with European Union directives. The legislation was passed in mid-December 2022 and took effect on January 1, 2023. The...
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...
MAIN REASONS TO HAVE AN INTERNATIONAL STRUCTURE Consolidation: Having an international structure allows you to consolidate your assets abroad, and facilitates the fulfillment of duties such as annual income tax declaration and DCBE. Asset Protection: It can be an excellent...
Some jurisdictions have recently undergone changes in 2023 (or will undergo changes throughout the year). One of these changes refers to the Public Registry of final beneficiary (“Beneficial Ownership”). On November 22, 2022, the Court of Justice of the European...
Não sei se já é de seu conhecimento, mas a partir de janeiro de 2023 passarão a vigorar algumas atualizações quanto a lei que regula as companhias incorporadas nas Ilhas Virgens Britânicas (conforme publicação recente feita no “BVI Business Companies”)...
Definition of Statutory Foundation: A Statutory Foundation is a legal entity that can hold any type of assets and constitutes capital separate from the Founder. The Wyoming Statutory Foundation is capable of doing business in its own name, similar to...
Do you know what International Segregated Portfolio Company (SPC) means? Let us talk a little about it… It is possible to have a segregated portfolio company (sometimes called a portfolio company or protected cell) with a single board of directors,...
Do you know the advantages of having an offshore company in Nevis? Let us talk a little about it… Like most tax havens, Nevis (or St. Kitts, as it is also known) provides tax benefits, bank secrecy, owner confidentiality, asset...
First of all what is Economic Substance? In December 2017, the European Community (EU) reclassified several countries that facilitated the attraction of profits that are earned in countries (with low taxation) but that do not maintain real economic substance in...
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...
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