Benefits of family wealth planning and management
Family wealth planning | A family business, which has multiple interests and considerable wealth, can seek the benefits of structures that allow for the administration and management of that wealth,…
In this photo: Aribel Magallon - Trust & Fiduciary Services Manager and Juan S. Vayas - Business Development Executive
OMC Group participated in the STEP Miami Summit
The OMC Group team recently participated in the STEP Miami Summit, held on May 13th, 2022. Many thanks to the STEP Miami branch STEP MIAMI for their impeccable organization of this conference which offered…
Panama accounting records requirement
Panama | New legislation on accounting records
Accounting Records / Panama New Legislation. Author: Hazel Jaramillo From the moment you decide to start operating a company, it is necessary to be prepared for the fact that this…
Panama | Accounting records requirements for legal entities
Accounting records requirements (Panama) | The Law 52 of 2016, which establishes the obligation to keep accounting records for certain legal entities, through Law 254 of November 11, 2021, introduced important amendments for legal…
Belize
Belize | Economic substance reminder
Belize | Following our previous communication related to Economic Substance in Belize, we remind you that all IBCs must report their status in this regime on an annual basis through their Registered…
Belize Economic Substance
Belize | Economic substance
Belize economic substance | The economic substance Act, 2019 (ES Act) in Belize was enacted on October 12, 2019, and came into force on January 1, 2019. This act applies to legal…
Seychelles | Beneficial ownership database
he Beneficial Ownership Act, 2020 (“BO Act”) came into force on 28 August 2020 along with the Beneficial Ownership Regulations (“BO Regulations”) imposing new requirements on Seychelles Legal Persons and Legal Arrangements (“Entities”).
Belize | Country -by- country reporting
Belize country reporting | For the attention of all the Companies, including International Business Companies (IBC). On January 24th, 2020, Belize introduced Country-by-Country Reporting by way of the Mutual Administrative Assistance…
Barbados - Economic Substance Requirements
Barbados | Economic substance requirements
Barbados enacted the Companies (Economic Substance) Act, 2019-43 (CES Act) on November 27, 2019. This law was enacted in response to the requirements of the Organization for Economic Cooperation and…
Bahamas | economic substance report filing extension
Bahamas Economic Substance | The Bahamas Ministry of Finance has granted an extension on the deadline to file the 2019 economic substance report (from December 31st, 2020) to January 31st, 2021 for…
Panama | Register of beneficial owners overview
Register of beneficial owners in Panama | OMC Group is a company with more than 65 years of experience in the Corporate Services industry. If there is something we can…
OMC Group family lends our helping hands
OMC Group Family joined forces to participate in the donations to the communities affected by the hurricane ETA in Tierras Altas, Chiriqui, Panama. We thank all of our team members…
Keeping it in the family
UHNW family businesses |Everything you should know about UHNW family businesses Author: Simon Gray. Simon Gray is head of business development & marketing, at BVI Finance. Tue 3 Nov 2020…
Welcome to OMC Group!
It is with great pleasure that OMC Group extends a warm welcome to Mr. Khaled Moumni, who joins our family as Business Development Manager of the Dubai DMCC office. Mr.…
Asset Management
The importance of family offices for wealth management
Asset Management | It is very popular nowadays to see references to Family Offices, particularly when it comes to wealth management for families. The primary reason for the rise in popularity…
BVI | Economic substance frequent questions (FAQ)
BVI Company / BVI economic substance frequent questions (FAQ) 1. Could my BVI company be conducting “banking business”? 2. Could my BVI company be conducting an “insurance business”? 3. Could…
E-Signatures in the age of Covid-19 and beyond
E-Signatures | As a result of the current Covid-19 “stay-at-home/social-distancing” and travel restrictions imposed by most governments around the world, business and legal transactions have resulted in reduced face-to-face interaction. In…
Why Panama? | Residency programs
Residency programs in Panama | Many clients ask us why Panama and not Miami, for example? Trying to be objective - which is not an easy task - we must…
We can help make the difference
OMC Group joined the Panama Food Bank initiative participating in the campaign “Alimenta una Vida”. We especially thank our team members who joined us to be part of this great…
How can OMC help you during this crisis
OMC Group Throughout the COVID19 crisis OMC Group has remained fully operational by activating our business continuity plan and working remotely in all jurisdictions that have declared lockdowns and shelter-in-place…
OMC Group – COVID19 special communication
OMC Group Dear Client, At OMC Group we care about you, our employees, their families, and our communities. For this reason and, due to the Corona Virus (COVID-19) spread, OMC…
Panama final beneficiaries
Panama | Private and unique registry system for final beneficiaries of legal entities
Panama final beneficiaries | Law No. 129, which deals with the "Private and unique system of registration of final beneficiaries of legal entities" Was approved in Panama on March 17,…