Blog
Changes To The Inheritance Rights Of Illegitimate Children In The Bvi Both For Probate And Trust Planning
Probate in the BVI (and other offshore centers for that matter) is a subject that is not thought about often enough. Over the years people easily accumulate estates in multiple countries leaving a nightmare in administration for their heirs. A timely reminder of this planning necessity has been that it…
Cayman Islands Limited Liability Companies Bill
The Cayman Islands recently published a bill for creating a new legal entity in the jurisdiction – the Cayman Limited Liability Company. It is expected to be enacted into law in January 2016. The investment fund industry had been calling for an entity like the LLC as it is thought…
Stock Exchange Of Mauritius (SEM) Market Review For 2015: “Record Year” For Capital Raising And Trading
The Stock Exchange of Mauritius has set itself the goal of positioning itself as a leading exchange in Africa (and internationally). To this end the SEM is becoming more and more an attractive option for listing, capital raising and trading for both local and international issuers. Latest figures released in…
St Lucia: Citizenship Programme Launched
The Citizen by Investment programme of St. Lucia was launched in October 2015, making St. Lucia the most recent entrant on this scene. This programme allows foreign investors to acquire citizenship under certain conditions. St. Lucia has started accepting applications as of 1 January 2016. This programme is a new…
Restricted Purpose Company (BVI)
BVI Business Companies are known for their ubiquitous flexibility across multiple jurisdictions. The Restricted Purpose Company (RPC) is a bit different. For those transacting, or doing business with a BVI company generally, it is quite well known that the BVI companies’ legislation gives wide corporate powers to corporate entities to…
Cape Town Convention Extended to Cayman Islands and UK
The Cape Town Convention is critically important for the financing of aircraft, and provides a system protecting the interests of financiers. With effect from 1 November 2015, the United Kingdom, including the Island of Guernsey, Cayman Islands and Gibraltar, has ratified the Cape Town Convention, being the Convention on International…
BVI Business Companies Act Amendments
The BVI Business Companies (Amendment) Act was gazetted on the 5 January 2016. The aim of the Act is to ensure that the BVI corporate vehicle is modern and well suited for current conditions and international standards. It is also intended to provide for greater flexibility and certainty for those…
Common Reporting Standard (“CRS”) – Important BVI Update
On 29 October 2014, the British Virgin Islands (“BVI”) was among 50 other jurisdictions which signed a Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (the “MCAA”) demonstrating its commitment to implement the CRS, an international regime developed by the OECD to facilitate and standardise the exchange…
BVI: Register of Directors To Be Filed
BVI Business Companies (Amendment) Act, 2015 It is shortly to be a requirement to file a register of directors. Therefore Osiris wishes to advise our BVI clients that the BVI Business Companies (Amendment) Act, 2015 was enacted in the House of Assembly on Monday 21 December, 2015. The Commission estimates…
Mauritius Revenue Authority Delay Implementation of CRS
On the 22nd December the MRA announced that the 1 January 2016 implementation of CRS has been deferred. No new date has been announced. Should you require further information then please contact: Dan Romburgh dan@cs00195.wpengine.com/ocs | www.osiristrust.com Telephone: +230 650 4030