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Egypt, Japan sign MSME facility agreement worth $100m
New facility aims to boost MSMEs to lead Egypt’s economic growth
International Investors Can Now Apply for Bermuda’s New Residency Certificate
To ease the process for prospective EIC applicants, the Bermuda Business Development Agency (BDA) offers a dedicated and personalized business concierge to act as a single point of contact.
Key trends from the boardroom in 2021
This has been further exacerbated by the impact of the COVID-19 pandemic on the financial system, leading to a push by investors for ESG-focused initiatives and an increased emphasis on a company’s responsibilities towards wider society.
The SFDR – get it right from the start
The SFDR has now become a reality, with EU funds and non-EU AIFs marketed within the EU being obliged, as an initial step, to have updated their prospectuses by 10 March 2021, requiring investment managers to classify their fund product into one of three
Buffet of tax-evading secrecy revealed by US settlement with Swiss bank Rahn+Bodmer
This is a global ranking of the countries most complicit in helping wealthy individuals hide their wealth from the rule of law
Private wealth professionals expect increased efforts to tax offshore wealth post-Covid 19, says Intertrust research
More than half of respondents (53 per cent) also said that the pandemic had resulted in clients re-evaluating their objectives and shifting from wealth creation to wealth preservation strategies.
Credit Suisse's Fatal Lack of Humility
It also slashed their dividend to roughly one-third of what it had originally promised and stopped buying back shares.
Tax transparency moves forward as no or only nominal tax jurisdictions first exchange information on the substance of entities
These new annual exchanges cover information on the identity, activities and ownership chain of entities established in no or only nominal tax jurisdictions that are either non-compliant with substance requirements or engage in intellectual property
OECD releases new peer review results on the prevention of tax treaty shopping under the BEPS Action 6 minimum standard
To address this issue, all members of the Inclusive Framework have committed to implementing the Action 6 minimum standard and participate in annual peer reviews to monitor its accurate implementation.
Overcoming complexity and realising opportunity in luxury French property
Against the backdrop of the COVID-19 pandemic, luxury French property remains an attractive investment choice for many high net-worth individuals (HNWIs).
Extension of Annual Financial Crime Reporting Obligation
This policy statement proposes that additional firms and cryptoasset businesses should be brought into scope of the return based on their business activities and the potential money laundering risks.