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Good afternoon.

Here are the latest news articles and features that have been posted to BL Global.
If you have any news items that you would like to be considered for publication, please send them to news@blglobal.co.uk.

Best wishes,
The BL Global team

 
 
NEWS
 
 
Guernsey satisfies EU business substance requirements
 
 
Guernsey’s global competitiveness as a finance sector has been further enhanced following confirmation from the EU Council’s Code of Conduct Group and the European Council of Finance Ministers (ECOFIN) that the island has satisfied its legal substance requirements for entities operating in or through the jurisdiction.  The Code Group’s findings were formally approved at the ECOFIN meeting in Brussels on 12 March. Guernsey’s government consulted with industry to ...
 
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Jersey a ‘cooperative’ financial jurisdiction
 
 
EU Finance Ministers (ECOFIN) have formally confirmed Jersey’s position as a cooperative jurisdiction.    In December 2017 ECOFIN had placed Jersey, along with many other jurisdictions, in Annex II. This meant that Jersey had been assessed as cooperative, but subject to the implementation by the end of 2018 of commitments made to the EU’s Code of Conduct Group on Business Taxation.     In Jersey’s case, those commitments related to concerns identified by ...
 
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Guernsey relocation firm relaunches
 
 
The former Head of Client Services at Quintessential Relocation Consultants (QRC), Liesl Esterhuizen (pictured), has relaunched the business as Guernsey Relocation Services. Esterhuizen worked alongside QRC founder Jo Stoddart for more than seven years supporting private individuals and businesses relocating to Guernsey. She is taking over the book of business of QRC Guernsey now that Stoddart has taken up the role as Director of Locate Guernsey and has been phasing out her involvement with ...
 
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Carey acts in Vietnam fund migration
 
 
Corporate, fund and private wealth specialist Carey and the funds team at law firm Carey Olsen have advised Vietnam Holding on its migration from Cayman to Guernsey as part of the fund’s progression from AIM to the Main Market of the London Stock Exchange (LSE).   In conjunction with the fund company migration, fund manager Dynam Capital has also migrated to Guernsey, assisted by Carey and Carey Olsen.   Carey acts as administrator, company secretary and sponsor to The Interna...
 
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FEATURES
 
 
Shipshape for substance
 
 
New tax rules on substance should enhance the Channel Islands’ reputation as a well-regulated international finance centre – and make the additional compliance burden worthwhile Effective in Guernsey, Jersey and the Isle of Man from 1 January this year, the new substance tax legislation was prompted by the European Union’s Code of Conduct Group (Business Taxation) (COCG). Its aim is to ensure that businesses that choose to incorporate in low- or no-tax jurisdictions should ...
 
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Avoiding financial heartbreak
 
 
The government of Jersey is consulting on changes to its 70-year-old divorce law. Experts are divided on whether the proposals will ease the financial worries of couples that are breaking up Christmas may be a distant and happy memory for most of us, but for some, it marks the start of a long and unhappy road to divorce. This year, ‘Divorce Day’ took place on 7 January as couples, stretched to festive breaking point, began to seek a parting of the ways.  According to divorc...
 
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