Offshore

Creditors seeking to recover debts from BVI companies can leverage winding-up petitions as a powerful and cost-effective tool when traditional collection methods prove unsuccessful.

Bermuda's Economic Substance Amendment Act 2026 transfers regulatory oversight from the Registrar of Companies to the Bermuda Tax Authority (Cita), consolidating tax regulation under specialized expertise.

The PRC Ministry of Finance and State Taxation Administration have issued a groundbreaking announcement imposing individual income tax on offshore trusts with Chinese connections, treating them as tax transparent structures. This regime creates tax triggers throughout the trust lifecycle and includes a critical 90-day transitional filing window for existing structures. Affected individuals with offshore trusts connected to PRC residents or assets must urgently assess their compliance obligations under this