Effective 1 April 2020, the Seychelles FSA has revised incorporation, annual, and late renewal fees under the International Business Companies Act. Portcullis service fees will increase by USD55 per company. Learn more about the updated charges.
In December 2019, the BVI implemented significant legislative changes impacting business companies, funds, partnerships, and anti-money laundering rules. Learn how new regulations affect registers of directors, economic substance, closed-ended funds, and foreign fund recognition.
Due to disruptions in Hong Kong, Portcullis urges clients with companies renewing by 30 November 2019 to remit payments by bank transfer instead of cheque to avoid delays. Contact your relationship manager or accounting team for support.
The Cayman Islands’ Economic Substance Law requires entities to file an ES Notification annually. Portcullis outlines key steps for classification, documentation, and compliance, with support services available to ensure timely and accurate submissions.
Cayman’s Companies (Amendment) Law, 2019 now allows public access to company director and officer names via kiosks. Learn about the new disclosure rules, filing deadlines, and penalties in effect from 1 October 2019.
The Cayman Islands has issued revised Economic Substance Guidance Notes v2.0, clarifying compliance for tax-resident entities, pure equity holding companies, and outsourcing rules. Learn what your business needs to know.
Explore key amendments to the Seychelles International Business Companies Act, including updated tax residency rules, restoration timelines, and new accounting record obligations. Understand how the 2018 and 2019 changes affect IBC compliance and taxation.
BVI’s Economic Substance Law requires all companies and limited partnerships to report on tax residency and relevant activities annually. Entities must comply or face significant penalties. Learn key deadlines, requirements, and how to prepare.
Following the 30 June 2018 deadline, Cayman companies must file their Register of Beneficial Ownership or risk penalties. Portcullis reminds clients of ongoing filing duties and announces a USD 200 annual license fee adjustment.
Reminder: Portcullis (BVI) Ltd will no longer accept remittances via First Caribbean International Bank as of 1 May 2018. Please use updated Singapore or Hong Kong bank account details and include invoice and company name with all payments.
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