BVI's New FATCA and CRS Reporting Requirements
29 February 2024
In a significant move towards enhancing international collaboration in the fight against organized crime, Eurojust, the European Union's agency for criminal justice cooperation, and Panama have recently The British Virgin Islands implemented a new system for reporting obligations under the Foreign Account Tax Compliance Act (FATCA), Organisation for Economic Co-operation and Development Common Reporting Standards and Country by Country Reporting rules
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European Council: Bahamas, Belize, Seychelles and Turks and Caicos Islands removed from the EU list of non-cooperative jurisdictions for tax purposes
28 February 2024
On 20th February 2024, the European Union (EU) made significant updates to its list of non-cooperative jurisdictions for tax purposes, notably removing Bahamas, Belize, Seychelles, and Turks and Caicos Islands from the list.
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SFM Welcomes UAE's Progressive Move in Golden Visa Program for Property Investors
1 February 2024
As a leading Corporate Service Provider, SFM welcomes the recent transformative shift in the United Arab Emirates' (UAE) Golden Visa program, particularly the elimination of the minimum down payment requirement for [..]
Navigating Entrepreneurial Success: Practical Considerations for Onshore and Offshore Company Registration
30 January 2024
Embarking on the journey of entrepreneurship entails crucial decisions, especially when it comes to choosing between onshore and offshore company registration. Each option carries unique advantages and [..]
Will Services in the UAE
29 January 2024
SFM is thrilled to announce that as we continue our mission and growth, we are now able to provide among our comprehensive suite of corporate services, the Will preparation, and Registration Service in [..]
US FinCEN Extends Beneficial Ownership Reporting Deadline for 2024 Registrants
26 December 2023
On November 29, 2023, the US Financial Crimes Enforcement Network (FinCEN) has adopted a rule that extends the reporting deadline for companies created in 2024 (the Reporting Extension Rule), requiring [..]
