We are glad to announce that from now on, we actively offer Cyprus company formations. We did offer this service upon request previously, but now we have created the ordering process more accessible for everyone and made it easier for all.
On 20th December 2016 the Government of the British Virgin Islands passed the BVI Business Companies Act (AMENDMENT of SCHEDULE 1) (NO. 3) Order, amending the schedule of fees and penalties charged by the Registry of Corporate Affairs in BVI. The new fees, previously proposed for 1 July 2017, will come into force from 1 January 2018.
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What is so great when choosing Hong Kong as jurisdictions for your company?
There are countless benefits for establishing company in Hong Kong (HK). To start with, HK is the leading international finance and business centre in the world and, for sure, the leading choice for foreign businesses in Asia. With its attractive and competitive tax regime, light business set up procedures, great infrastructure, excellent location, HK offers the fastest, easiest and one of the most affordable locations for businesses in Asian region. Establishing company in HK opens possibilities and a gateway to the Chinese market.
We very well know, that there changes that are happening now and happened already (amendments to the BVI ACT, more here) and we also know that such changes will continue to happen.
These changes are not a bad thing, in reality it is a good thing! These jurisdictions simply strive to comply with the International Transparency Standards, by implementing the new changes, and by doing so, these jurisdictions remain an option for us.
More about the background of the global transparency changes you can read here )
Seychelles is one of the jurisdictions that introduces changes, in fact a whole new IBC Act 2016, which in turn replaces the existing Act 1994 (Old Act). The National Assembly of Seychelles approved the IBC Act 2016 (New Act) on 26th of July, 2016, and it is in force as of 1st of November, 2016.
During the 7th Global Forum, when so many jurisdictions came together and signed the first ever multilateral competent authority agreement (MCAA) to automatically exchange information, commitments were made to implement the new standard on Automatic Exchange of Information (more here).
With commitment to maintain the jurisdictions competitiveness and with the intention to stay compliant with the International Transparency Standards, the BVI Government introduced amendments to the act. The BVI Business Companies (Amendment) Act 2015 was enacted in the House of Assembly on December 21, 2015.
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