Panama | Accounting records requirements for legal entities
Accounting records requirements (Panama) | Law 52 of 2016, which establishes the obligation to keep accounting records requirements for certain legal entities, through Law 254 of November 11, 2021, introduced important amendments for legal entities that do not carry out operations that are perfected or consumed or have their effects within the Republic of Panama, as well as for legal entities that are exclusively engaged in holding assets, incorporating the obligation to keep accounting records and supporting documentation.
Anguilla, Bahamas, and Panama entities overview.
At OMC Group we specialize in corporate and fiduciary services, which include company and foundation setups, structuring of trusts, and many other services in multiple jurisdictions.
Belize | Economic substance reminder
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 Agent to the Competent Authority, the Belize International Financial Services Commission (IFSC).
BVI | Advantages and economic substance requirements for 2024
BVI economic substance requirements | Knowing the interests of our clients and friends and the importance of this topic, we bring you this webinar about the BVI jurisdiction, its advantages, and the Economic Substance Law Requirements.
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.
Panama Investment Visa Everything You Should Know in 2024…
What will we cover in this webinar?
We will explain everything related to the qualified investor visa, how it works, what are the general requirements, where is it filed and when is the right time to apply a Panama investment visa.
Seychelles Beneficial ownership database
The 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 tax matter | Country -by- country reporting
For the attention of all the companies, including International Business Companies (IBC).
Bahamas | Economic substance requirements
Following our previous communications related to Economic substance in the Bahamas, we remind you that the entities with a fiscal year-end of June 2020 must submit their first CESRA filing no later than March 31, 2021.
Cayman Islands Economic substance – COMMUNICATION
The International Tax Co-operation (Economic Substance) Law (as Revised) (the “Law”) came into force on 1 January 2019 and introduces certain reporting and economic substance requirements for Relevant Entities carrying on Relevant Activities.
