Trusts - Changes to BVI trusts regime

New legislation was enacted in May 2013 to further refine the British Virgin Islands' trust legislation, especially the use of Private Trust Companies and VISTA trusts.

Cyprus Banking Group - Guides to new banking laws in Cyprus

The latest guide from Harneys Cyprus, dated 9 May 2013, explains Relaxation of Restrictive Measures for Branches and Subsidiaries of Foreign Banks (Decree No 2). This decree is valid for seven days from 9 May. This guide and the following earlier...

BVI - Global Guide to Directors' and Officers' Issues 2013

The Global Guide to Directors' and Officers' Issues Around the World 2013 has been published. Contributors to the BVI section include Harneys' Kissock Laing, Aki Corsoni-Husain and Mizra Manraj.

Tax and Regulatory - BVI & Cayman Investment Funds Comparison Overview

This table provides a basic comparison of key features of BVI and Cayman investment funds in areas including legal structures, types of funds available and regulatory issues. Updated February 2013.

Corporate and Commercial - Guide to Segregated Portfolio Companies (Cayman Islands)

Any Cayman Islands exempted company, including those established as funds, may be registered as a segregated portfolio company. This guide discusses general issues regarding SPCs, uses of SPCs, receivership and liquidation of SPCs.

Corporate and Commercial - Guide to the BVI's Non Profit Organisation Act 2012

The Non-Profit Organisations Act was passed in the British Virgin Islands in 2012 and came into force on 1 January 2013. The law introduces a number of new requirements for non-profit organisations operating in the BVI.

Tax and Regulatory - The BVI and Investment Funds

This comprehensive overview of investment funds legislation in the BVI reflects new provisions which came on stream following the passage of the BVI's Securities and Investment Business Act in 2010 and the Approved Managers Regime approved in 2012.

Cyprus - Freedom of Establishment of Credit Institutions in Cyprus

As a well-established financial services centre and a member of the EU since 2008, Cyprus is one of the best environments in Europe for the provision of banking services. This guide looks at the process of setting up a credit institution in Cyprus.

BVI - Dispositions of Assets by a BVI Company

This guide looks at the disposition of assets by a BVI company under section 175 of the BVI Business Companies Act.

Investment Funds - Guide to the BVI's Approved Manager Regime for Fund Managers

This guide provides an overview of the British Virgin Islands' Approved Manager regime which came into effect on 10 December 2012.