News

Learn about the Beneficial Ownership Register in Cyprus, its scope, filing obligations for entities, and penalties for non-compliance. Ensure your compliance today!

Explore the key changes to UK Company Law, including identity verification, corporate director rules, statutory register updates, and audit exemptions. Find out now!

SVG Business Companies are required to file annual tax returns starting from the 2023 period, with non-compliance penalties in place. Explore in detail now!

Discover key outcomes from the FATF Plenary in February 2024, covering updates of grey and white lists, along with strategic AML/CFT initiatives. Explore more to stay informed!

The EU List of Non-Cooperative Tax Jurisdictions has seen significant changes, with several jurisdictions being removed and added. How it may impact businesses? Find out now!

BVI introduces Financial Return filing for companies, effective Jan 1, 2023. Learn the due date and forms required for compliance.

Stay up-to-date with the latest developments in St. Kitts and Nevis’ business ordinances. Dive into the significant amendments in our most recent news update.

The EU updates non-cooperative tax jurisdiction list (Annex I) and state of the play document (Annex II) . Explore the full news here!

Catch up on the BOI reporting rule: Who needs to comply and what information must be submitted. Get the facts now to ensure compliance for your business.

Explore in-depth the Belize Companies (Amendment) Act 2023, its impact on corporate transparency, governance, and what it means for businesses.

Explore the new Belize International Limited Liability Companies Amendment Act, 2023. Understand its impact on LLC’s taxation framework and business operations in Belize.

Restrictions imposed on virtual asset businesses The Financial Services Commission Act in Belize outlines the certain following restrictions imposed on virtual asset businesses: Restrictions on conducting virtual assets activities Section 81(1) of the Financial Services Commission Act, Act No. 8 of 2023, establishes that a person, as a business, not licensed under the Act is…

What other jurisdictions, besides BVI, are listed as non-cooperative jurisdictions by the EU?

Discover the key points regarding legal framework for the registration and supervision of VASPs in the Virgin Islands.

By aligning these requirements and procedures with international practices, the government is facilitating compliance across all sectors through a well-balanced and transparent business environment. What is Corporate Tax in the UAE? Taxes levied on corporations and businesses on their net incomes are known as Corporate Taxes, otherwise referred to as “corporate income taxes” or “business…

In response to numerous complaints and allegations of fraud against SVG-registered BCs and LLCs which are engaged in FOREX trading or brokerage, the Financial Services Authority has published a formal notice regarding a new set of requirements for such SVG-registered companies. Specifically, these companies must submit a notarized, apostilled, or certified copy of the requisite…

Overview of Register of Overseas of Entities (ROE) What is its purpose? The lack of transparency in the ownership of UK properties held by overseas vehicles such as offshore companies has long been a source of concern. The ROE regime is being implemented by the UK government to ensure that anonymous foreign owners of UK…

Following the new Belize Companies Act 2022, Belize IBCs are being regarded as Belize companies. See how changes in compliance and fees affect your Belize company.

BVI Business Companies (Amendment of Schedule 1) (No. 2) Order, 2022 announced certain changes in the fee structures applied to BVI business companies.

Adding three nations: Anguilla, Bahamas, Turks and Caicos Islands to the EU list of non-cooperative jurisdictions for tax purposes

Significant keynotes of renewal requirements as well as re-registration application for Belize IBCs when the Online Business Registry System (OBRS) is launched

The first half of 2015 marks the start of the jurisdiction’s long-running effort in creating a legally sound corporate environment. A fundamental provisional change was introduced by the BVI Business Companies (Amendment) Act, which mandated filing the Register of Directors with the Registry of Corporate Affairs. From 2019 onward, regulatory changes were more geared toward…

The Belize Companies Act 2022, which repeals and replaces the International Business Companies Act, Cap. 270 and the Companies Act, Cap. 250, was passed on August 5, 2022.

On Apr. 28th, 2022, Panama’s National Assembly passed its latest legislative Bill No. 697 to regulate the movements of digital assets within the country.

The Bahamas’ enhanced efforts to follow the FATF Recommendations. Currently, the Bahamas has been compliant or largely compliant among 38 out of the 40 FATF Recommendations.

The updated list of non-cooperative jurisdictions On 24th Feb 2022, the EU Council published the revised list of non-cooperative jurisdictions for tax purposes. According to Annex I, the so-called ‘blacklist’ remained unchanged, which includes 9 jurisdictions: American Samoa Fiji Guam Palau Panama Samoa (removed as of February 2026) Trinidad and Tobago US Virgin Islands Vanuatu…

In accordance with Law No. 52 of 2016, all legal entities that operate outside the Republic of Panama and those that exclusively operate as asset holders, inside or outside of Panama territory are required to maintain accounting records along with supporting documentation for at least 5 years. *Legal entities refer to corporations, limited liability companies,…

On 28th Jan 2022, the Financial Services Authority of Belize issued a Public Notice announcing the extended timeline for economic substance form submission from 31st Jan 2022 to 1st April 2022. *We advise that all qualifying entities respect this new deadline as the Commission has confirmed that there will be no further extensions. The change…

Anguilla, Seychelles, and Dominica are all nearing a full-release scenario from the EU’s list of non-cooperative in the latest delisting announcements.

Find out how the new global minimum tax proposal agreed by the G20 will impact the world economy and the way large international corporations are taxed.

Effective from 2022, all Seychelles IBCs are required to retain their accounting records at their registered address in the Seychelles. Learn more about this update!

Learn more about some of the latest essential information about Belize annual tax returns for IBCs operating in Belize and how to correctly file them with BBCIncorp.

CIT 101 is a simplified tax return (STR) for corporate income tax filing in St. Kitts and Nevis. The form is applied to all Nevis IBCs and LLCs under the law regardless of their tax residency status.

On February 22nd, 2021, the EU made amendments to its list of non-cooperative third countries. Dominica became the newest country to appear on the blacklist.

Belizean included entities, holding companies and non-included entities under Belize ESA (2019) must now follow different forms to fulfill economic substance obligations with the Commission.

Belize has undergone significant changes to its tax treatment for an IBC. Namely, there were two tranches of amendment into its Tax Act in 2018 and 2019.

On 5th March 2020, Seychelles passed two new laws of Beneficial ownership Act 2020 (BOA) and AML/CFT Act 2020 in replacement of AML Act, 2006.

Fees payable for the incorporation and annual renewal of all Seychelles International Business Companies (IBCs) effective from 1st April 2020 would be increased. See details!

Due to the severe impact of the coronavirus pandemic (COVID-19), BBCIncorp Limited regrets to announce the temporary suspension of delivery services by courier companies

Belize has made substantial legislation changes at the end of 2019. In what follows, we will shed light on its changes regarding economic substance requirement.

Any foreign companies to re-domicile into Belize for 2020 would be exempted from the Continuation Fee in a specific time period, and free of the regular service charge for TIN application.

On 18 Feb 2020, EU has revised its list of non-cooperative jurisdictions for tax purpose by way of including new four territories to the list

Effective from Jan 2019, BVI Economic Substance Act (ESA) has set out reporting requirement for entities which fall under the scope of the legislation.

The amendment to International Business Company Act that took effect from 1st Jan, 2019 has led to the abolishment of IP holding company regime in Belize.

There are amendments that have been made on The Economic Substance Act, 2018 (ESA) which was enacted in the BVI on 31 Dec 2018. Read to learn more!

At the end of 2018, Belize introduced significant changes to its current tax regime for IBCs. Let’s discover how these change affect your IBC in Belize.

To deal with pressure on meeting criterias on tax matter set out by EU and OECD, Anguilla amended its legislation to bring out Economic Substance Requirements, which takes effect from Jan, 2019.

Significant changes were introduced to Global Business Corporation Regime by Mauritius government from the beginning of 2019. Let’s discover these changes in more details.