IBCF News & Articles

BVI To Launch New Tax Administration Platform

PostedJune 22, 2022

The British Virgin Islands’ Inland Revenue Department is to introduce a new platform from early next year to automate the administration of all taxes and licenses. The Standard Integrated Government Tax Administration System – SIGTAS 3.0 – is to be introduced from February 2023, the Government said. The…

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Switzerland To Share Tax Data With 12 More States

PostedJune 22, 2022

At its meeting on May 18, 2022, the Swiss Federal Council approved the dispatch on the introduction of the automatic exchange of information on financial accounts (AEOI) with 12 other partner countries. Specifically, the Federal Council intends to exchange information on financial accounts with the following other partner…

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Seychelles Company Formation

PostedMay 27, 2022

Introduction to the Seychelles A byword for tropical beauty, the Seychelles is an archipelago located in the Indian Ocean to the north east of Madagascar. However, as well as being a popular tourist destination, the Seychelles has established itself on the map as a modern and competitive offshore financial…

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Singapore Company Formation

PostedMay 27, 2022

Located in South East Asia, Singapore has emerged as the region’s premier business and trade hub. With a highly developed and successful free market economy the city-state enjoys an open and corruption-free environment, legal and political stability, and a low tax regime. Singapore has long been ranked highly for…

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Ireland Company Formation

PostedMay 27, 2022

Due to its low corporate tax rate, business-friendly government, use of the English language, and its common law heritage, Ireland has become a favored destination for foreign companies entering the EU marketplace, especially those from the United States. Foreign investors are represented across numerous economic sectors, in particular manufacturing, information…

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British Virgin Islands Company Formation

PostedMay 27, 2022

British Virgin Islands Company Formation The British Virgin Islands Business Company format has arguably been the most popular offshore corporate vehicle of the last 20 to 30 years. A brief introduction to the BVI’s legal framework as well as its tax rules, companies legislation and limited company format are…

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Hong Kong International Focus

PostedMay 27, 2022

Hong Kong is a densely populated 400-square-mile peninsula and collection of islands in south-eastern China, home to more than seven million people, and it certainly punches above its weight in international terms. In this feature we explore what makes Hong Kong into a thriving, world-leading business and financial centre. Introduction…

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UK To Introduce Register Of Overseas Entities

PostedMay 27, 2022

In March, the UK government introduced a new Economic Crime (Transparency and Enforcement) Act. Under the Act, a Register of Overseas Entities will be created and maintained by the Companies House. The development is part of the government’s strategy to combat money laundering and economic crime. The Act will also…

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Certified Copies from Mexico in a Nutshell

PostedMay 9, 2022

Is it possible to get “certified copies” in Mexico? Good question, and the answer is, it depends. First, let’s clarify the terminology. “Certified copies” is one of the many vague (and slightly maddening) industry terms often used. Certified copies of the Articles of Incorporation let’s refer to as CCA, and…

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Guernsey To Delay Tax Reform Debate To Explore Corporate Tax Options

PostedApril 30, 2022

The Guernsey Government on April 26, 2022, announced that a parliamentary debate on tax reform, scheduled for July, will now be delayed until the end of the year, to allow time for consideration of corporate tax options. Earlier, Guernsey’s Policy and Resources Committee proposed that the territory could implement a…

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