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Jan 15, 2025 | 
mondaq.com | Chris Hutley-Hurst |Dilmun Leach |Jamie Bookless |Sian Langley
This update provides an overview of the recent key publications,findings and reports issued during the last quarter. You can find previous editions of our Regulatory updateshere:Channel Islands Regulatory Update: October2024Channel Islands Regulatory Update: August20241. On 5 December 2024 the UK's Sanctions (EU Exit)(Miscellaneous Amendments) (No.2) Regulations 2024 came into force.
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Jan 9, 2025 | 
mondaq.com | Tatiana Collins |Dilmun Leach |Kirsten Faichnie |Sarah Townsend
W Walkers More Walkers is a leading international law firm which advises on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey. From our 10 offices, we provide legal, corporate and fiduciary services to global corporations, financial institutions, capital markets participants and investment fund managers.
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Jan 9, 2025 | 
mondaq.com | Jonathan M. Heaney |Dilmun Leach |Kevin McQuillan |Tatiana Collins
W Walkers More Walkers is a leading international law firm which advises on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey. From our 10 offices, we provide legal, corporate and fiduciary services to global corporations, financial institutions, capital markets participants and investment fund managers.
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Jan 7, 2025 | 
jdsupra.com | Tatiana Collins |Kirsten Faichnie |Dilmun Leach
KEY TAKEAWAYS A JPF is a private fund product which is lightly regulated A JPF can be established in various forms A JPF requires a designated services provider in JerseyIn April 2017, the Jersey Financial Services Commission ("JFSC") introduced a new private investment fund regime, the "Jersey Private Fund" ("JPF"). The introduction of the JPF amalgamated and replaced three other Jersey private fund products: the Very Private Fund, Private Placement Fund and COBO Only Fund.
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Jan 7, 2025 | 
jdsupra.com | Tatiana Collins |Jonathan M. Heaney |Dilmun Leach
KEY TAKEAWAYS Effects of a company migration into Jersey Steps to migrate a company out of Jersey Restrictions on making a migration applicationThe Companies (Jersey) Law 1991, as amended (the "Law") allows for companies incorporated outside of Jersey to migrate and become a Jersey entity and similarly allows for a Jersey company to migrate out of Jersey and into another jurisdiction.
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Jan 7, 2025 | 
jdsupra.com | Tatiana Collins |Jonathan M. Heaney |Dilmun Leach
KEY TAKEAWAYS The application process and evidence required by the JFSC for a migration Consideration of a migration application by the JFSC Effects of granting a certificate of continuance and a migration overseasThe object of this guide is to provide clients of Walkers with information on the process involving the migration of companies to and from Jersey.
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Dec 2, 2024 | 
mondaq.com | Chris Hutley-Hurst |Dilmun Leach |Jamie Bookless |Sian Langley
Guernsey has passed legislation to implement the
OECD's global minimum tax rate of 15%, known as "Pillar
2", which will apply for fiscal years commencing on or after 1
January 2025.
Pillar 2 is an OECD initiative that ensures that multinational
enterprises with a consolidated annual turnover of at least
€750 million (MNEs) pay a minimum blended
"effective tax rate" (ETR) of 15% on
their worldwide profits, no matter where those profits arise.
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Nov 27, 2024 | 
mondaq.com | Craig Cordle |Chris Hutley-Hurst |Dilmun Leach |Jonathan M. Heaney
W
Walkers
More
Walkers is a leading international law firm which advises on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey. From our 10 offices, we provide legal, corporate and fiduciary services to global corporations, financial institutions, capital markets participants and investment fund managers.
Guernsey and Jersey companies are a popular choice for listing on UK and US stock exchanges...
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Nov 26, 2024 | 
mondaq.com | Craig Cordle |Chris Hutley-Hurst |Dilmun Leach |Tatiana Collins
W
Walkers
More
Walkers is a leading international law firm which advises on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey. From our 10 offices, we provide legal, corporate and fiduciary services to global corporations, financial institutions, capital markets participants and investment fund managers.
A "qualifying asset holding company" has a wide-range of tax benefits.
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Nov 22, 2024 | 
mondaq.com | Chris Hutley-Hurst |Dilmun Leach |Jamie Bookless |Gemma Palmer
Pillar 2 is an OECD initiative that ensures that multinational
enterprises with a consolidated annual turnover of at least
€750 million (MNEs) pay a minimum blended "effective tax
rate" (ETR) of 15% on their worldwide profits, no matter where
those profits arise.
This 15% minimum rate is achieved through jurisdictions enacting
the OECD's Global Anti-Base Erosion (GloBE) Rules. These rules
allocate taxing rights amongst certain jurisdictions that are
relevant to the MNE group.
