Overview

The Automatic Exchange of Information (AEOI), which comprises due diligence and reporting regimes such as the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) introduces an information standard for the automatic exchange of financial information to combat tax evasion.  While this is a significant step toward a globally coordinated approach, it does introduce added complexity and an increased compliance burden.  The Maples Group is uniquely positioned to provide legal advice and administrative solutions to clients on all aspects of the AEOI, providing constructive and insightful advice and offering flexible and cost effective solutions to ensure clients meet the necessary requirements.  Our services include:

  • Advising on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg or assisting in relation to the potential application of FATCA and CRS, including entity classification, local and foreign tax authority registration and notification requirements, availability of reporting exemptions, self certification and due diligence requirements;
  • Drafting or reviewing language for incorporation into offering materials, constitutional and other documents, where relevant;
  • Drafting or reviewing self certification forms, sponsored entity agreements and delegation agreements;
  • Drafting or reviewing policies and procedures;
  • Registering a client with the IRS and obtaining a Global Intermediary Identification Number (GIIN), and/or registration, notification and liaison with local authorities, as applicable;
  • Classification, validation and remediation of pre-existing accounts;
  • Onboarding new accounts to ensure required data is captured, and obtaining forms and due diligence documentation for validation up front to facilitate compliance;
  • Preparation and filing of reports that are compliant with applicable legal requirements; and
  • Sponsoring entity services - taking responsibility for FATCA compliance on behalf of the client, including performing all initial and ongoing due diligence to identify any reportable accounts, GIIN registration and reporting where applicable.
For more information, please visit our microsite.

 

Locations

Cayman Islands   |   Dublin   |   Luxembourg
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Announcements

Partner Developments at the Maples Group

The Maples Group's legal services division in Dublin is pleased to announce the appointment of four partners and a new Head of Employment.

21 Mar 2019

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Announcements

Maples Group Expands Presence to Mainland China

 The Maples Group is pleased to announce the opening of its newest office, located in Shanghai, China.

14 Mar 2019

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Announcements

Maples Group Strengthens its Finance Practice in Asia

James Kinsley, a finance partner in the Maples Group's legal services team, has recently relocated to the Singapore office, further strengthening its service offering in Asia.

27 Feb 2019

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Announcements

Maples Group Bolsters Expertise with Appointment of Pamela Sen-Gupta as Senior Vice President

The Maples Group has appointed Pamela Sen-Gupta as a Senior Vice President within the fiduciary services business in the Cayman Islands.

25 Feb 2019

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Announcements

Maples Group Given Top Tier Rankings by Chambers Global 2019

Chambers has released its 2019 Global guide to the world's leading law firms and the Maples Group has secured top spots for ten practice groups across six locations. Maples Group continues to achieve high rankings in both the individual lawyer and practice group categories, with 64 lawyers recommended in this edition. 

 

 

15 Feb 2019

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Announcements

Maples Group Expands Cayman Islands Regulatory & Compliance Practice

The Maples Group is pleased to announce the recruitment of Hugo Lodge as a partner in its Regulatory & Compliance legal practice. 

12 Feb 2019

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