Since March, the Beneficial Ownership Act 2020 is effective in Seychelles. It established centralised beneficial ownership registers with confidential regime of data storage for the first time. The Act is applicable both to legal persons incorporated in Seychelles (as resident companies of any legal form, so IBC companies) and to legal arrangements, such as partnerships, trusts and other similar structures
The Chancellor of the Exchequer Rishi Sunak introduced several measures to support small and medium businesses in Britain. There are 5.9 million SMEs in the UK that accounts for 99% of all companies. Their number was steadily growing from 2000. It is critical time now that will define how many will stay in business after 2020. The majority of companies work in the construction or the services sectors. Together they form about one-third of the employment in the country. How can SMEs access the support package the government offered?
In light of the recent coronavirus crisis, many governments have introduced new relaxed requirements for citizenship-by-investment programmes to attract investments. This would come as welcome news for those who may have been thinking of participating in citizenship-by-investment programmes in several Caribbean states as well as Cyprus.
Chancellor of Exchequer Rishi Sunak announced £750M package for supporting charitable organisations in the United Kingdom. The welcome move will directly address the main problem: during the COVID-19 crisis more than 40% of charities reported an increased demand for their services, but they have seen almost 50% decline in voluntary contributions.
Oracle Capital Group is aware of the regulatory and business realities which organisations face in the United Kingdom at the moment. At Oracle, the safety and well-being of our clients, employees and colleagues is always our priority, and we also understand the important role we play in continuing to provide ongoing services and support to our clients as to their business and personal needs during this critical time.