Offshore

Jersey is a popular place to establish an companies because the Companies (Jersey) Law 1991 (the Law) is modern, flexible and modelled on English companies legislation.

The Cayman Islands Monetary Authority has released its 2026 Thematic Review examining compliance practices at Class B(iii) and Class D licensed reinsurers, revealing that corporate governance weaknesses represent 68% of all findings.

Each year, under the Bipartisan Budget Act of 2015 (“BBA”), US partnerships are required to appoint a US-based partnership representative, in order to act as a liaison with the Internal Revenue Service (“IRS”) and deal with any arising tax matters. The requirement to appoint a partnership representative applies to both US and non-US investment vehicles that elected to be treated as partnerships for US tax purposes.

Registering a company in Cyprus takes about ten working days. Getting that company bankable, tax-defensible, and compliant long-term is a different matter entirely and most people find that out too late.