Briefing Notes

British Virgin Islands (“BVI”) business companies (“BVI Companies” and each a “BVI Company”) are widely utilized in structuring cross-border finance transactions. One of the key reasons for this is that the BVI provides a flexible and well-tested regime for secured financing transactions that is attractive to borrowers and…

The Foundation Companies Act 2017 (the “Act”) introduced a novel corporate vehicle to the Cayman Islands – the “Foundation Company”. This company structure has a number of applications and continues to grow in popularity. This article provides an overview of the Foundation Company structure in the Cayman Islands.

If you are considering terminating a Cayman company by way of voluntary liquidation or strike-off, it is crucial to adhere to specific deadlines and procedures to avoid unnecessary fees for the year 2024. There will be varying requirements depending on whether the entity is regulated or non-regulated.

The Beneficial Ownership Transparency Bill, 2023 (the “Bill”), which aims to streamline the Cayman Islands’ beneficial ownership framework and to enhance transparency and access to adequate, accurate and current beneficial ownership particulars is part of the Cayman Islands’ continuing efforts to advance the FATF’s enhanced Recommendation 24 global…

The British Virgin Islands (BVI) has been removed from the European Union (EU) list of non-cooperative jurisdictions for tax purposes.

In recent years, especially during the COVID-19 pandemic, onboarding clients and monitoring business relationships on remote basis have become the dominant trend.

We attach a copy of our latest Technical Bulletin on Cayman Islands Funds which provides analysis and commentary on some of the topical issues over the last six (6) months, including:

In December 2019, the British Virgin Islands (“BVI”) introduced a new regulatory regime for closed-ended funds in the BVI by requiring closed-ended funds (e.g., private equity funds, venture capital funds and real estate funds) which qualify as “private investment funds” (“PIFs”), to apply to the Financial Services Commission…