Monthly Archives: October 2019

Republic of Marshal Islands (RMI) is removed from the European Union list of non-cooperative jurisdictions

On 10 October 2019 it was announced at the Economic and Financial Affairs Council (ECOFIN) meeting in Brussels that Republic of Marshal Islands was removed from the European Union’s list of non-cooperative jurisdictions for tax purposes. The decision is the … Continue reading

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Malta, Amendments on “The Register of Beneficial Owners Regulations”

On the 12th of July 2019, The Register of Beneficial Owners Regulations of Malta (“BO Regulations”) has been amended. This amendment is being introduced inter alia, to seek to transpose certain provisions of the Fifth EU Anti-Money Laundering Directive into … Continue reading

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The BVI economic substance requirements for legal entities

The International Tax Authority of British Virgin Islands has issued the final form Rules on Economic Substance. Actions must be taken by all BVI companies, and limited partnerships with legal personality.

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