Acquarius

  BVI’s new reporting rules affect company compliance. Acquarius ensures clients meet requirements for beneficial ownership and member registers. Over the last forty years, British Virgin Islands, or BVI, has become a benchmark for well-established yet cost effective company entities, legislation for which, as in Gibraltar, is based on English Common Law. The territory experienced massive growth in this sector following the introduction of the International Business Companies Act (1984) which gave rise to the eponymous International Business Company or IBC.  ‍At the start of the new century and in common with its global peers, BVI updated its legislation by introducing the BVI Business Companies Act (2004). This took account of growing demands by the OECD, EU and others for greater transparency and alignment with internationally accepted corporate governance conventions. The Business Companies (Amendment) Act (2024) adopted changes concerning both the Register of Member...

  PPLI offers a tax-efficient, flexible solution for wealth preservation, estate planning, and succession within a Gibraltar-based financial structure. Regular readers will know that I have frequently highlighted the benefits of using a Gibraltar trust, company, or a combination of such structures to achieve tailored client solutions. These vehicles offer flexibility and can address even the most complex scenarios – whether involving large families, valuable multinational businesses, or intricate succession planning. ‍However, in today’s increasingly complex international environment, traditional trusts and companies may not always provide a complete solution. Some client circumstances demand a yet more sophisticated approach. ‍ The Role of Insurance in Wealth Planning ‍Life insurance, though sometimes overlooked, can be an effective tool in these cases. While not suitable for everyone, it is becoming an increasingly sought-after and compliant strategy. That said, extreme...