Anyone who has been in a long-term marriage will understand the word ‘compromise’.  The UK was married to the EU from 1973 until 2020 so you would have thought the two sides, faced with an unwelcomed hiatus[...]

The Economic Substance (Companies and Limited Partnerships) Act, 2018 (the Act) was introduced in the BVI, effective 1 January 2019, to address the concerns of the EU Code of Conduct Group and the OECD Forum on Harmful Tax Practices regarding economic substance. Related[...]

The BVI International Tax Authority (ITA) is responsible for monitoring entities’ compliance with the economic substance (ES) compliance and reporting requirements. The ITA is now investigating entities and taking further action, where appropriate. This guide summarises the[...]

There is a major earthquake happening in the sphere of digital assets, which is expected to create shockwaves that will impact tech not only in the real world but also in the metaverse. These potentially revolutionary changes appear in an innocuous-looking, if lengthy,[...]

Given the continuing rapid pace of change in the US sanctions landscape, it is now more important than ever for companies—both US and non-US—to understand various types of US sanctions and their potential influence on the global matrix of business risks, as well as to stay[...]

Companies House and the Land Registry have announced that the Register of Overseas Entities will come into effect on 1 August 2022. In this note, we look at the background to this new register, the obligations for overseas entities that own, acquire,[...]

On 30 June 2022, the House of Representatives passed Law 101(I)/2022 to align the Income Tax Law 2002 (ITL), as amended, with the Organisation for Economic Co-operation and Development (OECD) Transfer Pricing Guidelines for Multinational Enterprises[...]

Since its adoption, the Luxembourg law on financial collateral arrangements, dated 5 August 2005 (the Financial Collateral Law), has been the key to facilitate,[...]

As an IBSA member for the last 10 years, I thought I would share my story as a financial planner to perhaps help other IBSA members as well as their clients. In 2016, my wife and I chose to relocate from central London to the Portuguese island of[...]

Crypto. Blockchain. Stablecoins. NFTs. DeFi. The always fast-moving world of finance is expanding at an ever-increasing pace. Within this maelstrom of innovation, what are the financial regulatory implications? Is regulation keeping pace, playing catch-up or barely even[...]