David Chong to speak at BVI Trade Mission 2024 on trusts, family offices, and Asian wealth trends. Join us for expert insights and networking!

BVI updates company restoration: faster strike-off, higher fees, agent resignation rules. Renew annual fees timely to avoid costly restoration.

Cayman CRS Alert: Financial Institutions must report correct Date of Birth for all individual Account Holders and Controlling Persons by 31 July 2024 to avoid penalties.

Singapore’s ITA s10L taxes foreign-sourced capital gains received by entities lacking economic substance from 1 Jan 2024. Exceptions apply.

Cayman Islands 2024 public holidays listed. Submit annual return, economic substance form & fees by 22 March to avoid late penalties.

Portcullis celebrated its new Hong Leong office opening and the Lunar New Year’s Year of the Dragon with clients, partners, and vibrant festivities in Singapore’s CBD.

Portcullis Group is relocating its Singapore office to 16 Raffles Quay, Hong Leong Building, effective 22 January 2024. Contact numbers remain unchanged. All meetings and correspondence to the new address.

Cayman ROC fee changes for companies & partnerships take effect 1 Jan 2024. No CIMA fee changes in 2024; proposed 2025 hike under consultation.

Cayman Company annual government fees to increase from 1 Jan 2024. Supplementary invoices will be issued to cover the fee difference.

Portcullis celebrates founder David Chong’s 70th birthday and 39 years of excellence, honouring his legacy in trust, wealth, and family office services.

The Singapore Sling: a fast-track family office solution using a non-resident Singapore company with a tax-exempt Hong Kong branch as interim FIHV.

Cayman Islands proposes new law to expand beneficial ownership transparency and reporting. Entities urged to assess compliance under upcoming changes.

Cayman renewal fees will rise by USD50 in 2024 due to filing agent adjustments. Companies must also update key info per the Companies Act, 2023 Revision.

Hong Kong grants tax exemptions for qualifying family offices managing HK$240M+ in assets, supporting its push to become a global family office hub.

A new Register of Foreign Ownership of Australian Assets takes effect 1 July 2023. Foreign owners must report or face penalties. No fee, but strict deadlines apply.

Why I started Berties: a personal journey from family health scares to prioritizing healthcare in family offices. Berties now partners with Sunway Medical.

CRS jurisdiction lists and 2023 deadlines for 2022 reporting were published by Cayman DITC. Ensure timely submission to avoid penalties.

VI updates fund and manager fees effective 1 April 2023. Increases apply to application, renewal, and certificate issuance under new regulations.

BVI companies must now file Annual Financial Returns from 2024, with updated rules on beneficial ownership. Exemptions and deadlines apply.

Portcullis and Baxian have updated their service terms effective 1 May 2023. Review the changes online and contact us with any questions.

New Cayman Islands regulations published 12 Jan 2023. Submit updated Annual Return under Companies Act (2023 Revision) by 15 Mar 2023 to avoid penalties.

BVI increases company fees from 1 Jan 2023, including higher incorporation, renewal, director register, and restoration fees. See full Portcullis update.

Hong Kong offers early ruling on Economic Substance until Dec 2022—valid for 5 years. Contact Portcullis to apply before FSIE law takes effect 1 Jan 2023.

FSIE applies tax to passive offshore income received in HK. Learn about exemptions, ES tests, and how to prepare before new rules begin 1 Jan 2023.

Cayman renewal fees to increase by USD50 in 2023 due to inflation. Further rise expected in 2024. Ensure timely updates to company registers as required.