This article first appeared in Volume 20 Issue 6 of Trusts
& Trustees, published by Oxford Journals in June 2014. A
full copy of the article can be viewedhere.
In this article, Tony Pursall and Richard Grasby review the
Cayman Islands' plan to introduce the foundation as a new type
of non-profit company. It will share many of its features
with regular companies and fit seamlessly into the Islands'
legal regime. Foundations may be established for commercial,
charitable, philanthropic or private purposes, or any combination
of them. It is anticipated that foundations will have a wide
range of uses such as special purpose vehicles in finance
transactions, as private trust companies, as succession planning
vehicles and for any purpose for which a trust is currently
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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Following public consultation during 2016 and early 2017, legislation has been passed which will require Cayman Islands companies (but not partnerships) to maintain registers of beneficial ownership at their registered offices.
The Hong Kong market is presently faced with an increase in mainland private enterprises listing on the local exchange, resulting in shell planting and volatility in stock prices in the Growth Enterprise Market.
Choosing the right form of setup that can best suit a particular situation is important for a business owner. Here, we outline the major characteristics of the three forms of registration that foreign enterprises normally choose when registering a presence in Hong Kong.
Confidentiality of corporate documents and information is one of
the key attractions of incorporating a company in the BVI. A
company search of the BVI Registrar of Corporate Affairs will only
disclose certain information and documents.
In this case, the Court made it very clear that any arrangement which detracts from the ability of regulators or law enforcement authorities to identify beneficial owners of companies...
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