Advisory and administrative support specialist Vistra has launched an enhanced My Formations portal — an online platform for economic substance reporting that can help clients with entities in the British Virgin Islands manage risk and comply with relevant regulations. According to a news release, the My Formations portal is a time-efficient and secure way for clients to input reporting data. […]

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Professional trustees have started providing classification services for private clients with offshore assets in a bid to improve overall compliance with the European Union’s economic substance rules. Although Dawn Quek, principal at Baker McKenzie Wong & Leow, recently told Asian Private Banker that the economic substance rule will have a limited impact on HNWIs, private clients are concerned and are seeking […]

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