INFORMATION MEMORANDUM:

THE BENEFICIAL OWNERSHIP SECURE SYSTEM ACT, 2017

Passed by congress, and signed by President Obama on December 9, 2016, the “Continuing Resolution” has been extended.  To prevent a government shutdown, Congress worked diligently to pass spending bills which included the extension of the EB-5 immigrant investor program to April 28, 2017. At that time, it is expected that a budget for a full year will be completed by Congress.

The BVI Government extended the free filing period to 31 December, 2016 for filing the private registers of directors on behalf of BVI business companies.

METHODS OF INCORPORATING A LIMITED COMPANY

American Corporate Services, Inc. (ACS) is an established consulting firm headquartered in San Francisco, California. We specialize in six distinct business and immigration services to assist our clients as they make major transitions for themselves, their families, and their businesses.

PANAMA

GENERAL INFORMATION

A number of significant amendments to Nevis's existing Corporation, LLC and Trust laws became effective on 1 July 2015. The amendments were drafted by the Nevis Island Administration in partnership with leading legal practitioners in the corporate and trust sectors. The amendments will further cement the position of Nevis as a premier jurisdiction for offshore corporate, LLC and trust formation. The most significant changes are summarized below and the full text of the amendments can be downloaded from the website of The Nevis Financial Services Department at www.nevisfsrc.com.

Please be advised that the company OWOEMA GROUP OF COMPANIES INC. (further – the Company), CA state ID number C3361301, operated by Mr. Owoicho Emmanuel does not maintain the ACTIVE status of the Company in the state of California, USA. The Company does not pay any state and federal taxes which is illegal in the USA.

The government in Cyprus is reportedly doing its best to limit any consequence from the recent foreclosures situation as the Eurogroup has a meeting to discuss the island’s progress in implementing its adjustment program.

The UK is the first of 44 countries to formally commit to implementing the new country-by-country reporting template introduced by the OECD (Organization for Economic Co-operation and Development) to start automatically exchanging tax information in an effort to eliminate global tax evasion.