Sinowealth News & Regulatory Insights
Disclaimer
The intention of this blog is to serve as a general guide.
The application of its contents to specific situations will depend on the particular facts and circumstances involved.
Accordingly, a reader should seek appropriate professional advice regarding any particular issue that he/she may encounter and this presentation should not be relied upon as a substitute for professional advice.
Whilst all reasonable attempts had been made to ensure that the information contained in this article is current, the Sinowealth group accepts no responsibility for any errors or omissions it may contain, whether caused by negligence or otherwise, or for any losses, however caused, sustained by any person that relied on it.
Understanding Singapore’s Tax Incentives for Funds: Sections 13U, 13O, and 13D
Singapore has established itself as a global financial hub, offering attractive tax incentives to encourage fund management activities. Among these incentives, Sections 13U, 13O, and 13D of the Income Tax Act 1947 provide tax exemptions for funds managed by...
Singapore – Updates – January / February 2020
Singapore Permanent Residency - Global Investor Programme There has been some changes to the above scheme which will take effect on 1 March 2020. You can obtain the updated factsheet / guide (in English) at this...
Singapore – Updates – January 2020
Singapore launched the Variable Capital Companies (VCC) Framework on 15 January 2020. You can access the details on the new VCC framework at the following link: https://www.acra.gov.sg/business-entities/variable-capital-companies
Cayman Islands – Updates – November 2019
2020 Securities Investment Business Law (“SIBL”) Excluded Person Registration Any entity registered with the Cayman Islands Monetary Authority (CIMA) as an Excluded Person that wants to continue carrying on securities investment business in 2020 is required to convert...
Cayman Islands – Updates – October 2019
In September 2019, the Tax Information Authority published its (i) ES Notification - Decision Tree (ii) ES Notification - Information Required and (iii) further amendments to its April 2019 Guidance Notes. We would like to bring your attention to the ES Notification –...
Cayman Islands – Updates – July 2019
Changes to the Securities Investment Business Law (SIBL) On 19 June 2019 the Cayman Islands Government brought into force changes to the Securities Investment Business Law (SIBL). The said changes affect investment managers and advisors registered as excluded persons...
British Virgin Islands – Updates – January 2019
In late 2018, the BVI Government introduced new legislation, the Economic Substance (Companies and Limited Partnerships) Act 2018 (“Economic Substance Law”), to take effect from 1 January 2019. The Economic Substance Law is responsive to global OECD Base Erosion and...
Singapore – Updates – August 2018
The new requirements to hold the Annual General Meetings (AGM) for companies take effect on 31 August 2018. You can access the new AGM requirements for Singapore companies at the following...