On January 1, 2019, the Economic Substance (Companies and Limited Partnerships) Act, 2018 (the "Act") came into force and applies to all resident BVI companies and Limited Partnerships. Companies that are within the scope of the legislation will need to demonstrate that they have economic substance in the British Virgin Islands.

The AMS Financial Group is pleased to announce that following the recent amendments to the Hong Kong Anti-Money Laundering and Counter-Terrorist Financing legislation (the “Legislation”), AMS Trustees (H.K.) Limited and AMS Secretarial Limited, both members of the AMS Financial Group, have been granted licenses under the Legislation to provide trust and corporate services in Hong Kong.