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BVI continues to introduce positive regulatory developments

19 March 2017

There have been number of positive developments for the funds industry in the BVI. One is the creation of an AIFMD opt-in regime for the BVI, called the Securities and Investment Business (AIFMD) Regulations, as the BVI looks to seek approval from the European regulator, ESMA, for third country equivalence and introduces into the BVI an AIFMD equivalent regime. [..]

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VAT in the UAE

13 February 2017

As announced in February 2016 by the UAE Minister of State for Financial Affairs, His Excellency Obaid Humaid Al Tayer, the UAE will introduce a Value Added Tax (VAT) of 5% beginning January 1, 2018. The six other states that make up the Gulf Cooperation Council (GCC) region will also be implementing a VAT during this time and/or by January 1, 2019 at the latest. [..]

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PANAMA ECONOMY TO GROW 6% PER YEAR IN 2017-2020 - MOODY’S

8 January 2017

Panama will record strong economic performance between 2017 and 2020, with annual growth rates of 6%, Moody’s Investor Service have forecast. [..]

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IMF: Seychelles' 2017 financial outlook strong

15 December 2016

Economic growth for 2016 in Seychelles is projected to reach around 4.5 percent, an International Monetary Fund official said this week, a reflection of "vibrant tourist arrivals" and expanding credit to the private sector. [..]

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