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BVI: Legislation to address Economic Substance planned

bvifinance.vg/language/en-GB/News-Resources/ArticleID/3001/BVI-Government-Plans-Legislation-to-Address-EU-Concerns-on-Economic-Substancewww2.deloitte.com/vg/en/pages/tax/articles/bvi-taxalert.htmlwww.bvi.gov.vg/media-centre/bvi-government-plans-legislation-address-eu-concerns-economic-substance Update:www.capitaltrustees.ch/bvis-new-economic-substance-rules-prompt-questions-by-financial-industry/afridi-angell.com/knowledge_detail.php?ids=366bvifinance.vg/language/en-GB/News-Resources/ArticleID/3003/BVI-Passes-Legislation-to-Address-EU-Concerns-on-Economic-Substancewww.ogier.com/publications/new-substance-legislation-for-the-british-virgin-islandswww.collascrill.com/documents/factsheets/bvi-economic-substance-update/sites.morimor.com/newmorimor/bvi-economic-substance-legislation/www.mwe.com/de/insights/the-economic-substance-requirements/www.applebyglobal.com/insights/insights-2019/economic-substance-requirements-in-the-british-virgin-islands.aspxwww.applebyglobal.com/insights/insights-2019/bvi-guidance-on-economic-substance-requirements-expected-in-draft-form-in-late-april-2019.aspxbit.ly/2Voce6Xtions/qa-substance-legislation-scope-tests-and-sanctions maples.com/Knowledge-Centre/Industry-Updates/2019/05/BVI-Economic-Substance-Requirements-Overviewwww.campbellslegal.com/client-advisory/economic-substance-requirements-in-the-british-virgin-islands-4709/www.mourant.com/news-and-views/updates/updates-2021/extension-of-the-bvi-economic-substance-regime-to-partnerships.aspx www.ogier.com/publications/economic-substance-law-the-private-wealth-context www.harneys.com/insights/sos-substance-on-substance-episode-six/ Update:onealwebster.com/bvi-economic-substance-act-roll-out/ www.macfarlanes.com/what-we-think/in-depth/2021/economic-substance-update/www.mourant.com/news-and-views/updates/updates-2021/extension-of-the-bvi-economic-substance-regime-to-partnerships.aspxwww.ogier.com/publications/economic-substance-for-the-british-virgin-islandswww.conyers.com/publications/view/economic-substance-practical-advice-3-years-on/#page=1bbcincorp.com/offshore/articles/a-guide-to-bvi-economic-substance-requirementsbviita.vg/wp-content/uploads/2023/02/UPDATED_ES_ITA-Rules-v3-23-FEB-2023-1.pdfbviita.vg/library/legislation/#tab-eca13d2872d2749b989www.ogier.com/news-and-insights/insights/bvi-economic-substance-new-clarification-on-tax-residency-status-for-bvi-entities-administered-in-channel-islands-and-isle-of-man/www.careyolsen.com/insights/briefings/economic-substance-frequently-asked-questions See also:www.bedellcristin.com/media/2635/economic-substance-laws-multi-jurisdictional-comparison.pdfpiperalderman.com.au/insight/blockchain-bites-brazilian-cbdc-uncle-sam-seizes-a-billion-in-bitcoin-big-trouble-for-bigatton-swift-swiss-blockchain-laws/ 0
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British Virgin Islands, Corporate Law, Ownership, Transparency

UAE: New DIFC Laws & Regulations on Companies

www.whitecase.com/publications/alert/key-changes-introduced-new-difc-companies-law-regime www.difc.ae/download_file/4972/196/ goo.gl/scHiry www.dfsa.ae/MediaRelease/News/SCA,-the-DFSA-and-the-ADGM%E2%80%99s-FSRA-reach-agreement www.hadefpartners.com/News/559/Establishment-of-a-DFSA-Regulated-Entity See also: www.difc.ae/newsroom/news/difc-announced-proposed-new-companies-regulations-operating-law-and-regulations-and-ultimate-beneficial-ownership-regulations-pu/ 0
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Corporate Law, Ownership, Transparency, UAE

US: FinCEN provides more exemptions from company beneficial ownership reporting

buckleysandler.com/blog/2018-09-11/fincen-grants-permanent-relief-beneficial-ownership-rule-cds-and-certain-automatic-renewal-products www.crowell.com/NewsEvents/AlertsNewsletters/all/FinCEN-Grants-Rollover-and-Renewal-Exception-to-Beneficial-Ownership-Requirement Update: www.regulatoryandcompliance.com/2023/12/cta-the-large-operating-company-exemption-not-everybody-can-be-a-big-boi/#page=1 www.regulatoryandcompliance.com/2024/01/cta-fincen-clarifies-ownership-interests-must-be-entirely-controlled-or-wholly-owned-to-qualify-for-the-subsidiary-exemption/ Click to access BOI_FAQs_QA_01.12.2024.pdf www.dlapiper.com/en-us/insights/publications/2023/12/the-corporate-transparency-act-takes-effect-january-1 www.hklaw.com/en/services/practices/corporate-transactions-and-finance/corporate-transparency-act btlaw.com/en/insights/alerts/2024/new-corporate-transparency-act-and-the-tax-exempt-entity-exception 0
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Information Exchange, Ownership, Transparency, US Ownership, Real Estate, UK Double Tax Treaty, Ownership, Russia

US: FinCEN provides exceptive relief from new Beneficial Ownership rule

www.jdsupra.com/legalnews/tackling-the-challenges-of-complying-88134/ www.jdsupra.com/legalnews/fincen-provides-exceptive-relief-from-81746/ www.jdsupra.com/legalnews/customer-due-diligence-and-fincen-s-43077/ www.shearman.com/perspectives/2018/05/fincens-customer-due-diligence-rule www.law.cornell.edu/cfr/text/31/1010.230 www.mofo.com/resources/publications/180516-customer-due-diligence.html Click to access SC_Publication_FinCEN_Issues_Frequently_Asked_Questions_Regarding_Customer_Due_Diligence_Requirements.pdf www.manatt.com/Insights/Newsletters/Financial-Services-Law/AML-News-FinCEN-Issues-Exceptions-to-Beneficial-Ow goo.gl/eYmYWP Click to access FinCEN%20Ruling%20CD%20and%20Loan%20Rollover%20Relief_FINAL%20508.pdf See also: goo.gl/RHvcJR goo.gl/qwTZj1 www.sidley.com/en/insights/newsupdates/2018/06/complying-with-fincen-customer-due-diligence-rulehttps://www.manatt.com/Insights/Newsletters/Financial-Services-Law/AML-News-FinCEN-Issues-Exceptions-to-Beneficial-Ow www.fredlaw.com/news__media/2018/09/04/1949/what_to_expect_under_the_new_fincen_beneficial_ownership_rule Update: www.fincen.gov/news/news-releases/extension-limited-exception-beneficial-ownership-requirements-legal-entity 0
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Information Exchange, Ownership, Transparency, US Education, Ownership Financing, New Zealand, Ownership, Real Estate Information Exchange, Money Laundring, Ownership, Trends, UK

UK: Public register of Beneficial Owners of Real Estate to go live in 2021

www.blplaw.com/private-wealth/insights-resources/blog-post/public-register-of-beneficial-owners-of-uk-real-estate-to-go-live-in-2021 www.collascrill.com/news/updates/uk-residential-property-beneficial-ownership-register-to-go-live-in-2021/ www.dentons.com/en/insights/alerts/2018/march/26/beneficial-ownership-register-for-uk-property-the-government-responds insights.collyerbristow.com/post/102f274/uk-property-held-through-a-company-may-face-increased-scrutiny www.rossmartin.co.uk/sme-tax-news/3971-now-register-non-resident-companies-for-corporation-tax www.withersworldwide.com/en-gb/registration-of-owners-of-uk-property-and-privacy-issues-for-trusts www.rpc.co.uk/perspectives/rpc-big-deal/uk-property-big-tax-changes-for-non-uk-residents/ goo.gl/gxh1Ng www.bclplaw.com/en-GB/thought-leadership/registration-requirements-uk-real-estate-non-uk-investors.html www.boodlehatfield.com/the-firm/articles/extension-of-trust-register-requirements/ www.bclplaw.com/en-US/thought-leadership/registration-requirements-uk-real-estate-non-uk-investors.html home.kpmg/uk/en/home/insights/2018/08/tmd-register-of-beneficial-owners-of-overseas-entities-owning-uk-land.html bit.ly/2moaiia www.burges-salmon.com/news-and-insight/legal-updates/tax/uk-real-estate-and-the-register-of-foreign-owners-new-registration-requirements/ www.osborneclarke.com/insights/new-beneficial-ownership-register-overseas-entities-holding-uk-real-estate-10-things-you www.engage.hoganlovells.com/knowledgeservices/news/ready-steady-register-new-uk-beneficial-ownership-register www.mourant.com/news-and-views/updates/updates-2022/registration-of-overseas-entities-holding-uk-property.aspx Progress on the Register of Overseas Entities Register of Overseas Entities: How it affects land transactions www.lawsociety.org.uk/topics/property/register-of-overseas-entities-coming-into-force-on-1-august-how-property-lawyers-can-comply www.taylorwessing.com/en/insights-and-events/insights/2022/07/register-of-overseas-entities Register of Overseas Entities: a practical summary for lenders – TLT LLP blog.burges-salmon.com/post/102i7th/hmrc-disclosures-and-the-register-of-overseas-entities...
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Ownership, Real Estate, Transparency, UK