Seychelles is moving forward with reforms to the International Business Companies Act that will introduce new requirements for International Business Companies (IBCs). The principal changes include the following: Public Access to Directors’ Information The names of the current directors of IBCs will become publicly available through the Financial Services Authority (FSA). Based on the information available to date, this access is expected to be provided through a Certificate of Official...

An important regulatory simplification has been adopted for companies formed in the United States. On August 11, 2026, the Financial Crimes Enforcement Network (FinCEN) issued a final rule that permanently eliminates the requirement to file Beneficial Ownership Information Reports (BOI Reports) for companies created under the laws of the United States. The final rule became effective on August 14, 2026. What Does This Mean? Entities created in the United States including LLCs and Corporations...

Panama has taken a further step in modernizing its international services platform with the enactment of Law 526 of May 28, 2026, which introduces economic substance rules applicable to certain foreign-source passive income. The new legislation will take effect beginning with the 2027 fiscal year and seeks to strengthen Panama’s competitiveness and international reputation by aligning its tax framework with current international standards. Panama Maintains Its Territoriality Principle One of...