The United States Bureau of Economic Analysis (“BEA”) conducts the BE-12 Benchmark Survey every five years to collect critical data to produce statistics on the state of foreign investments in…
Dear clients, Kindly note that the UK Government has passed into law the Economic Crime (Transparency and Enforcement) Act 2022 (“the Act”) which creates the Register of Overseas Entities (“the…
Golden passport, know in this article the countries that allow you to obtain it and the requirements you need to live legally.
Succession planning, we will walk you through everything you need to know to ensure your loved ones are taken care of after you are gone.
Succession Planning Who Needs to Be Involved? To have a well-drafted estate plan, it´s important to include all the necessary individuals.
BVI accounting requirements - Amendments to the BVI Business Companies Act 2020 and the BVI Business Companies Regulations came into force on January 1st, 2023. These amendments reflect the BVI's…
As a part of the Sustainable Development Goals month activities, at OMC Group we are pleased to present the closing of our first school garden program in partnership with “Fundación…
On August 18-21, 2022, the OMC Group team participated in the XVI version of the “Gran Salon Inmobiliario” as a part of the Panama delegation. This event was held in…
Updated August, 30th Dear Client, The Panama Tax Authority (DGI) has extended the deadline for updating all changes including new mandatory fields to the Tax Payer Identification Number (RUC) to October 31st,…
Private wealth management | 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,…
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…
On May 4th, 2022 the OMC Group team participated as a sponsor of the STEP Colombia conference held in Bogotá, Colombia. We are pleased to be part of this conference,…
Accounting Records / Panama New Legislation. Hazel JaramilloHead of Client Accounting [email protected] From the moment you decide to start operating a company, it is necessary to be prepared for the…
Accounting records requirements (Panama) | The 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…
Anguilla company formation, Bahamas company formation, and Panama company formation. At OMC Group we specialize in corporate and fiduciary services, which include company and foundation setups, structuring of trusts, and…
Anti Money Laundering law is an issue addressed by Panamanian legislators who continue to face some of the most important elements in the fight against organized crime. The government is…
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…
BVI economic substance requirements | Knowing the interest of our clients and friends and the importance of this topic, we bring you this webinar about the BVI jurisdiction, its advantages,…
Economic legacy | There are 5 best practices to safeguard your economic legacy that has proven to be highly effective for decades. Perhaps you think that because it is the…
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…
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.
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”).
Wealth Management choosing an advisor for that matter. Learn more about the subject in this article on our blog
The company set up everything you should know... What is a company set up? A company is a legal entity consisting of people joining together to operate a commercial or…
We explored five of the newest technological tendencies where your money could make a great impact – both on your private economy and the world. They have been recognized as vital for tomorrow´s development in areas such as economy, health, finance, and lifestyle, and they will probably not stay there but strive to reach higher goals in more complicated and vital areas of our society. In 2020, the world has seen some drastic changes. The pandemic has shown us how fragile our society is, and many old paradigms have simply given way to newer, more dynamic ideas. Health has taken the spotlight not only as everyone’s main concern, but it has also been given the highest priority when it comes to research and development
Belize tax | 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 in…
Family asset protection | Financially covering your loved ones is undoubtedly one of the biggest concerns that an entrepreneur can have. It is an issue that particularly concerns families with…
Economic substance Bahamas - March 2021 Reporting | Following our previous communications related to Economic substance in the Bahamas, we remind you that the entities with a fiscal year-end of June…
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.…
BVI economic substance legislation is the topic you should know |The British Virgin Islands (BVI) passed economic substance legislation requiring legal entities performing relevant activities to demonstrate adequate economic substance…
We would like to thank all our customers and partners who joined us on January 28th at the BOSCO Conference “Business Set-up, Tax and Banking”. Our colleague Khaled Moumni, Dubai…
Barbados economic substance | 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…
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…
Corporations 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 assure is that…
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…
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…
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.…
Family Office services | 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…
BVI Company. BVI Economic substance frequent questions (FAQ) 1. Could my BVI company be conducting “banking business”? 1. Is the company subject to any banking regulations or supervision anywhere? If…
E-signatures are electronic digital signatures that can be used to securely sign documents electronically. A digital signature is a mathematical way of proving that the person signing a document is…
BVI Economic Substance
accounting records bvi
Panama Residency program | Many clients ask us why Panama and not Miami, for example. Trying to be objective - which is not an easy task - we must say…
bvi unique identification number
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…
Estate Planning
Family Offices
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 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…
Company registration in Panama | Law No. 129, which deals with the "Private and unique system of company registration in Panama of final beneficiaries of legal entities" Was approved in…
