Introduction
Welcome to the September edition of our newsletter, designed to keep both our corporate and private clients informed and empowered. This month, we spotlight major regulatory developments, including the UAE’s unified framework for virtual asset regulation and the UK’s upcoming identity verification rollout for Companies House. We also examine the Middle East’s strategic pivot to Asia and its impact on the global economy, alongside practical guidance for foreign investors in Bahrain and updates on company secretary requirements in Hong Kong.
For our private clients, we offer insights into setting up charitable foundations in DIFC, the advantages of Gibraltar trusts for international families, and the latest compliance measures in Malta. Retirement planning is also in focus, with expert views on evolving pension markets across Guernsey, Malta, and Gibraltar, plus a look at the Your Island Pension (YIP) scheme.
In insurance, we discuss the importance of proper property maintenance and management, while our residency and citizenship section highlights Latvia’s Residency by Investment programme. On the corporate social responsibility front, we address the urgent issue of Arctic disappearance and its global impact.
We are excited to announce that Sovereign Group has secured a DIFC licence, marking a new chapter in serving global investors amid a surge in global wealth migration.
We look forward to supporting your ambitions and answering your questions, please contact your local Sovereign office if you require assistance.
CORPORATE SERVICES NEWS
Unified Framework Agreed for Virtual Asset Regulation in UAE
Middle East’s Pivot to Asia Reshapes Global Economy
Key Set Up Considerations for Foreign Investors in Bahrain
Companies House to Rollout Identity Verification from 18 Nov
Requirement for a Company Secretary in Hong Kong Explained
Hong Kong’s Belt and Road Office signs MoU with Saudi Arabia – The Sovereign Group
Isle of Man’s global taxation measures endorsed by OECD – The Sovereign Group
UK Companies House strikes non-compliant UK companies off register
PRIVATE CLIENT NEWS
How to Set Up a DIFC Charitable Foundation
Gibraltar Trusts: Leading Choice for International Families
Isle of Man Joins Yacht Engaged in Trade (YET) Scheme
Malta tightens compliance requirements for trustees – The Sovereign Group
Hong Kong: the best location in which to establish a family trust – The Sovereign Group
The IFICI – a sharper edge for attracting global talent to Portugal
RESIDENCY AND CITIZENSHIP PLANNING
CORPORATE SOCIAL RESPONSIBILTY UPDATE
5 QUESTIONS WITH David Bradley | Operations Manager of Sovereign Trust (Gibraltar) Ltd
Please contact us if you have any questions or queries and your local representative will be in touch with you as soon as possible.