This article provides a reminder of the impending deadlines and action that is required for those BVI entities that are classified as “Foreign Financial Institutions” for the purposes of FATCA. No action is required for BVI entities that are not Foreign Financial Institutions.
This update supplements our previous alert of 3 November 2014 entitled “Impact of FATCA on BVI entities”. Please refer to that alert for a recap of the main provisions of FATCA and the equivalent UK regime (commonly referred to as “UK FATCA”).
To continue reading this alert, please click here to download the PDF.
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