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Aircrafts, Education, Ownership

Luxembourg: Beneficial Ownership register regime introduced

www.maplesandcalder.com/news/article/luxembourg-introduces-beneficial-ownership-register-regime-1835/www.bonnard-lawson.com/luxembourg-registers-of-beneficial-ownership/www.maplesandcalder.com/news/article/luxembourg-introduces-beneficial-ownership-register-regime-1835/blogs.dlapiper.com/globalfinance/2018/12/17/commission-refers-luxembourg-to-the-court-of-justice-for-not-completely-implementing-mld4/Update:www.cs-avocats.lu/legal-news/corporate_and_tax/corporate/rules-clarify-practical-aspects-register-beneficial-owners/netherlands.taylorwessing.com/en/ubo-registers-in-the-benelux-a-state-of-play www.intertrustgroup.com/news-and-insights/press-releases/2019/deadline-extension-luxembourg-ubo-register-filing www.ogier.com/news/luxembourg-register-of-beneficial-owner-deadline-extended-until-30-november-2019 www.cliffordchance.com/briefings/2019/01/luxembourg_law_onregisterofbeneficialowners.html www.harneys.com/insights/luxembourg-beneficial-owners-register-deadline-extended-to-30-november-2019/ Update:www.atoz-services.lu/media/ATOZ-Alert-Luxembourg-RBE-New-procedure-entities-access-own-RBE-databctg-avocats.com/en/public-access-to-the-register-of-beneficial-owners-is-on-hold/ 0
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Luxembourg, Ownership, Transparency

Peru: New Ultimate Beneficial Ownership reporting (Span)

www.tmf-group.com/es-co/news-insights/articles/2018/october/ubo-in-peru/ www2.deloitte.com/pe/es/pages/tax/articles/obligacion-declarar-beneficiario-final.html Update:www.sunat.gob.pe/legislacion/superin/2019/185-2019.pdfwww.garrigues.com/en_GB/new/peruvian-tax-administration-sunat-published-resolution-establishes-procedure-deadlines-and Peru: Beneficial Owner’s Statement filing — Due June 2023 – Baker McKenzie InsightPluswww.garrigues.com/en_GB/new/peru-deadline-approaching-peruvian-consortia-funds-and-trusts-submit-declaration-ultimate 0
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Corporate Law, Ownership, Peru, Transparency

BVI: Legislation to address Economic Substance planned

bvifinance.vg/language/en-GB/News-Resources/ArticleID/3001/BVI-Government-Plans-Legislation-to-Address-EU-Concerns-on-Economic-Substancewww2.deloitte.com/vg/en/pages/tax/articles/bvi-taxalert.htmlwww.bvi.gov.vg/media-centre/bvi-government-plans-legislation-address-eu-concerns-economic-substance Update:www.capitaltrustees.ch/bvis-new-economic-substance-rules-prompt-questions-by-financial-industry/afridi-angell.com/knowledge_detail.php?ids=366bvifinance.vg/language/en-GB/News-Resources/ArticleID/3003/BVI-Passes-Legislation-to-Address-EU-Concerns-on-Economic-Substancewww.ogier.com/publications/new-substance-legislation-for-the-british-virgin-islandswww.collascrill.com/documents/factsheets/bvi-economic-substance-update/sites.morimor.com/newmorimor/bvi-economic-substance-legislation/www.mwe.com/de/insights/the-economic-substance-requirements/www.applebyglobal.com/insights/insights-2019/economic-substance-requirements-in-the-british-virgin-islands.aspxwww.applebyglobal.com/insights/insights-2019/bvi-guidance-on-economic-substance-requirements-expected-in-draft-form-in-late-april-2019.aspxbit.ly/2Voce6Xtions/qa-substance-legislation-scope-tests-and-sanctions maples.com/Knowledge-Centre/Industry-Updates/2019/05/BVI-Economic-Substance-Requirements-Overviewwww.campbellslegal.com/client-advisory/economic-substance-requirements-in-the-british-virgin-islands-4709/www.mourant.com/news-and-views/updates/updates-2021/extension-of-the-bvi-economic-substance-regime-to-partnerships.aspx www.ogier.com/publications/economic-substance-law-the-private-wealth-context www.harneys.com/insights/sos-substance-on-substance-episode-six/ Update:onealwebster.com/bvi-economic-substance-act-roll-out/ www.macfarlanes.com/what-we-think/in-depth/2021/economic-substance-update/www.mourant.com/news-and-views/updates/updates-2021/extension-of-the-bvi-economic-substance-regime-to-partnerships.aspxwww.ogier.com/publications/economic-substance-for-the-british-virgin-islandswww.conyers.com/publications/view/economic-substance-practical-advice-3-years-on/#page=1bbcincorp.com/offshore/articles/a-guide-to-bvi-economic-substance-requirementsbviita.vg/wp-content/uploads/2023/02/UPDATED_ES_ITA-Rules-v3-23-FEB-2023-1.pdfbviita.vg/library/legislation/#tab-eca13d2872d2749b989www.ogier.com/news-and-insights/insights/bvi-economic-substance-new-clarification-on-tax-residency-status-for-bvi-entities-administered-in-channel-islands-and-isle-of-man/www.careyolsen.com/insights/briefings/economic-substance-frequently-asked-questions See also:www.bedellcristin.com/media/2635/economic-substance-laws-multi-jurisdictional-comparison.pdfpiperalderman.com.au/insight/blockchain-bites-brazilian-cbdc-uncle-sam-seizes-a-billion-in-bitcoin-big-trouble-for-bigatton-swift-swiss-blockchain-laws/ 0
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British Virgin Islands, Corporate Law, Ownership, Transparency

UAE: New DIFC Laws & Regulations on Companies

www.whitecase.com/publications/alert/key-changes-introduced-new-difc-companies-law-regime www.difc.ae/download_file/4972/196/ goo.gl/scHiry www.dfsa.ae/MediaRelease/News/SCA,-the-DFSA-and-the-ADGM%E2%80%99s-FSRA-reach-agreement www.hadefpartners.com/News/559/Establishment-of-a-DFSA-Regulated-Entity See also: www.difc.ae/newsroom/news/difc-announced-proposed-new-companies-regulations-operating-law-and-regulations-and-ultimate-beneficial-ownership-regulations-pu/ 0
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Corporate Law, Ownership, Transparency, UAE

US: FinCEN provides more exemptions from company beneficial ownership reporting

buckleysandler.com/blog/2018-09-11/fincen-grants-permanent-relief-beneficial-ownership-rule-cds-and-certain-automatic-renewal-products www.crowell.com/NewsEvents/AlertsNewsletters/all/FinCEN-Grants-Rollover-and-Renewal-Exception-to-Beneficial-Ownership-Requirement Update: www.regulatoryandcompliance.com/2023/12/cta-the-large-operating-company-exemption-not-everybody-can-be-a-big-boi/#page=1 www.regulatoryandcompliance.com/2024/01/cta-fincen-clarifies-ownership-interests-must-be-entirely-controlled-or-wholly-owned-to-qualify-for-the-subsidiary-exemption/ Click to access BOI_FAQs_QA_01.12.2024.pdf www.dlapiper.com/en-us/insights/publications/2023/12/the-corporate-transparency-act-takes-effect-january-1 www.hklaw.com/en/services/practices/corporate-transactions-and-finance/corporate-transparency-act btlaw.com/en/insights/alerts/2024/new-corporate-transparency-act-and-the-tax-exempt-entity-exception 0
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Information Exchange, Ownership, Transparency, US Ownership, Real Estate, UK Double Tax Treaty, Ownership, Russia

US: FinCEN provides exceptive relief from new Beneficial Ownership rule

www.jdsupra.com/legalnews/tackling-the-challenges-of-complying-88134/ www.jdsupra.com/legalnews/fincen-provides-exceptive-relief-from-81746/ www.jdsupra.com/legalnews/customer-due-diligence-and-fincen-s-43077/ www.shearman.com/perspectives/2018/05/fincens-customer-due-diligence-rule www.law.cornell.edu/cfr/text/31/1010.230 www.mofo.com/resources/publications/180516-customer-due-diligence.html Click to access SC_Publication_FinCEN_Issues_Frequently_Asked_Questions_Regarding_Customer_Due_Diligence_Requirements.pdf www.manatt.com/Insights/Newsletters/Financial-Services-Law/AML-News-FinCEN-Issues-Exceptions-to-Beneficial-Ow goo.gl/eYmYWP Click to access FinCEN%20Ruling%20CD%20and%20Loan%20Rollover%20Relief_FINAL%20508.pdf See also: goo.gl/RHvcJR goo.gl/qwTZj1 www.sidley.com/en/insights/newsupdates/2018/06/complying-with-fincen-customer-due-diligence-rulehttps://www.manatt.com/Insights/Newsletters/Financial-Services-Law/AML-News-FinCEN-Issues-Exceptions-to-Beneficial-Ow www.fredlaw.com/news__media/2018/09/04/1949/what_to_expect_under_the_new_fincen_beneficial_ownership_rule Update: www.fincen.gov/news/news-releases/extension-limited-exception-beneficial-ownership-requirements-legal-entity 0
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Information Exchange, Ownership, Transparency, US Education, Ownership