Also in the news...
Countering sanctions evasion: guidance for freight and shipping
For freight forwarders, carriers, hauliers, customs intermediaries, postal and express operators, and other companies facilitating the movement of goods.
International Compliance Tips for Entrepreneurs Going Global
While expanding across borders can accelerate business growth, it also raises the stakes when it comes to staying legally compliant.
Cutting Administrative Burdens When Trading Abroad
From customs declarations to inventory tracking across borders, the paperwork and compliance requirements can quickly become overwhelming for growing companies.
Temporary agreement between the Swiss Confederation (Switzerland) and the UK on services mobility
Temporary agreement documents and the exchanges of notes extending the agreement.
Decision. UK-Central America committee documents
Decisions, documents and meeting minutes from UK-Central America countries committees.
The Organisation For Economic Co-Operation & Development OECD
Accountancy requirements for Seychelles and Belize Companies. Although we have sent emails to all our clients regarding rule changes to Seychelles and Belize IBC Companies, we feel it necessary to repeat the changes to keep our clients informed. It is now a requirement for clients to keep accounts for Seychelles and Belize IBC Companies.
It is my belief that the quoted jurisdictions introduced this requirement to placate the OECD, who is on a mission to make IBC jurisdictions compliant with OECD requirements. Tax unification Pressure from the OECD comes mostly from the USA and European Governments. What never ceases to amaze me is the need of the USA to control international tax affairs. One of the biggest suppliers of cheap IBC (offshore companies) are the Americans! ( Delaware Companies) Amazing! but not unusual for the USA.
So, what are the alternatives? The obvious one is to keep accounts. I have always recommended that clients keep accounts, but my concern is, will the OECD soon want clients to keep accounts? The second alternative is to consider changing the jurisdiction to a non OECD member country such as, UAE. Please contact us for details on UAE (RAK) Ras Al Khaimah Companies.