Unravelling
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Unravelling Complexity

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Economic substance in the BVI: a guide for directors and operators of BVI companies and limited partnerships
Investment Funds

Economic substance in the BVI: a guide for directors and operators of BVI companies and limited partnerships

The Economic Substance (Companies and Limited Partnerships) Act, 2018 was introduced in the BVI, effective 1 January 2019, to address the concerns of the EU Code of Conduct Group and the OECD Forum on Harmful Tax Practices regarding economic substance. Related amendments to the Beneficial Ownership Secure Search System Act, 2017 will implement an economic substance reporting regime. Harneys has issued this guide to assist directors and operators of BVI companies and limited partnerships.
Continuing obligations for Cayman Islands exempted companies
Corporate

Continuing obligations for Cayman Islands exempted companies

All exempted companies incorporated in the Cayman Islands are subject to the continuing obligations set out in the Companies Law. In addition, those companies which are regulated by the Cayman Islands Monetary Authority (CIMA), such as banks, mutual funds, mutual fund administrators, insurance companies, insurance managers, trust companies and others are subject to additional requirements.
Continuing obligations of a Cayman Islands Registered Mutual Fund
Investment Funds

Continuing obligations of a Cayman Islands Registered Mutual Fund

This guide sets out the continuing obligations under Cayman Islands law of an open-ended fund registered with the Cayman Islands Monetary Authority (CIMA) under section 4(3) of the Mutual Funds Law (Mutual Funds Law).
Limited liability companies in the Cayman Islands
Corporate

Limited liability companies in the Cayman Islands

The Cayman Islands limited liability company (LLC) is a corporate vehicle closely aligned with the Delaware limited liability company. This Guide sets out the key features of LLCs and how they can be formed under the Limited Liability Companies Law (LLC Law).
Cayman Islands exempted companies: an overview
Corporate

Cayman Islands exempted companies: an overview

One of the reasons why the Cayman Islands is a leading offshore jurisdiction is the flexibility of Cayman Islands companies law. This guide provides a comprehensive overview of the Cayman Islands exempted company.
Data Protection for Cayman Islands investment funds
Investment Funds

Data Protection for Cayman Islands investment funds

The Cayman Islands Data Protection Law came into effect on 30 September 2019. All Cayman Islands investment funds need to ensure they are ready for the commencement of the new data protection regime in the Cayman Islands.