According to the latest issue of the Nevis Financial Services Development and Marketing Department newsletter, in legislative terms the jurisdiction is coming on in leaps and bounds, and enacted several new pieces of legislation in November and December of last year.
On 1st November 2004, the Nevis financial services sector saw the enforcement of the Nevis International Insurance Ordinance, a new piece of legislation which was enacted on April 7th 2004.
Two other pieces of legislation enacted in November were the Nevis Multiform Foundations Ordinance and the Nevis Mutual Funds Ordinance, on November 16th, 2004.
The Multiform Ordinance allows among other features for the transformation of a trust into a foundation and for consolidation of entities.
The newsletter went on to reveal that two other pieces of legislation, namely the Service Provider, Corporate Management and Trustee (Licensing) Ordinance and the Nevis Segregated Accounts Companies Ordinance, are currently being drafted.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment