On 15 June 2023, the Minister of Tourism and the Cabinet Office, Vance Campbell, announced the tabling of the Bill, which is scheduled to be debated in the House of Assembly today, 16 June 2023. Once passed, the remaining...more
The economic substance regime has continued to develop, with the most notable change being the amendment to the definition of the ‘relevant activity’ of ‘fund management’, which was effective from 1 January 2022. As a result...more
The European Council has removed Bermuda from Annex II of its list of non-cooperative jurisdictions for tax purposes (sometimes referred to as the EU Tax Grey List).
While Annex I (the so-called EU Black List) is a list...more
As part of our five year anniversary celebrations of our law firm opening in Bermuda, we put together the original version of this summary report highlighting the latest developments and trends in the Bermuda legal and...more
7/28/2022
/ Anti-Money Laundering ,
Bermuda ,
Cybersecurity ,
Digital Assets ,
Economic and Financial Affairs Council (ECOFIN) ,
EU ,
FinTech ,
Foreign Entities ,
Hong Kong ,
Initial Public Offering (IPO) ,
Insurance Industry ,
Insurtech ,
Investment ,
Jurisdiction ,
Reinsurance ,
Reporting Requirements ,
Restructuring ,
Stock Exchange ,
Trusts
1. INTRODUCTORY -
1.1 Forms of Corporate/Business Organisations The principal forms of corporate and business organisations in Bermuda are:
• exempted companies, owned by non-Bermudians and carrying on business outside...more