While there are many unusual challenges straining the global market under the weight of COVID-19, it seems some things never change in moments of economic downturn.
As the global marketplace continues to evolve, many investors have shifted their focus from purely profit-driven investments to those which are sustainable...
Further to our Walkers Advisory dated 20 April 2020, the Registrar of Companies (the "Registrar") Economic Substance Filing Portal is now live.
In this advisory, we provide a round-up of recent updates to the Cayman Islands framework for automatic exchange of information ("AEOI") and country-by-country reporting ("CbCR"), including the new universal DITC portal...
The outcome is positive, with the Cayman Islands' legislative framework for economic substance judged to be in line with OECD standards.
The Cayman Islands, along with many other jurisdictions, has been required by the OECD to introduce economic substance requirements.
Cayman Enterprise City
As advancements in technology continue to enhance business' ability to operate from almost anywhere in the world, the need grows for legislators to modernise tax laws, increase regulations, and seek new ways to deal with ...
As a result of the OECD'S global Base Erosion and Profit Shifting ("BEPS") initiative and the EU Code of Conduct Group substance requirements modelled on BEPS Action 5 ...
The European Union has announced that, with effect from 12 March 2019, Bermuda has been added to the list of non-cooperative jurisdictions for tax purposes.
On 1 January 2019, The International Tax Co-Operation (Economic Substance) Law, 2018 of the Cayman Islands (ES Law) and related Regulations came into force. Additional Regulations and Guidance
Larger service providers are often able to utilise their client base of global family offices to create a database of leading practices which can then be used to perform leading practice reviews.
The Cayman Islands economy has continued to grow at a steady pace since its economic recovery began in 2011.
In view of heightened socio-economic and political uncertainties in 2016, global economic activity during the year experienced a decline in the overall growth rate, from 3.4% in 2015 to 3.1%.
The Channel Islands Student Business Challenge is supporting 250 students from seven schools in Jersey and Guernsey to start-up and run their own businesses with an initial investment of £100 per team.
Cayman Islands Government
General Registry's Grand Cayman office, including its counter on the first floor of the Government Administration Building, will close at 12:30pm on Wednesday, 20 December...
Although not Cayman Islands law, the broad scope and extraterritorial effect of the EU Directive on Alternative.
Investment Fund Managers
DMS Governance Ltd
John D'Agostino has recently been published in the Wells Fargo Prime Services industry and Regulatory Updates.
DMS Governance Ltd
Building on the momentum of 2016 where 10 UCITS funds had been launched, we are pleased to advise of a positive start to 2017 with an additional three UCITS launches with the following solutions provided:.
Governments around the world have taken dramatic action to address the health risks caused by COVID-19, but doing so has also created a wide range of significant economic risks as well.
Bermuda's economic substance legislation is currently in force and Walkers Bermuda is available to discuss the implications of the requirements in more detail.