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Grant Thornton's latest International Business Report (IBR) for Q2 2025 reveals a nuanced picture for mid-market businesses worldwide. While overall global optimism has seen a slight decrease (down two points from Q1 2025), a significant majority of businesses (71%) still express optimism for the next 12 months, highlighting continued resilience.

Discover how mid-market businesses are adapting to shifting global tariffs and sustaining growth amid ongoing uncertainty. A deep-dive analysis from Grant Thornton Vietnam.

We may be aware of the significant changes of BVI - Business Companies Act taking effective January 1st, 2023, which our Offshore Update was hopefully addressed to you. Otherwise, please kindly link to this update in our website.

The Corporate Sustainability Reporting Directive (“CSRD”) entered into force on 5 January 2023 which revises the 2014 Non-Financial Reporting Directive (NFRD). The goal of the new CSRD is to enables businesses increase transparency and accountability of their reporting; broaden the scope of sustainability management and reporting to include sustainability risks and opportunities; and encourages businesses to develop a strategy to improve on sustainability.

We have released the previous newsletter of the Amendment BVI Business Companies, however it is important to highlight several key points affecting a BVI Company from the 1st of January, 2023.

You may be aware of a New Inspection Regime for person information on the Company Register issued by the Hong Kong Companies Registry that will be implemented in three phases from 2021 to 2023.

It is important to know that the British Virgin Islands (BVI) authorities enacted a certain number of amendments to the BVI Business Companies Act, 2004.

On April 6, 2021, RAK International Corporate Centre (RAK ICC), a corporate registry operating in Ras Al Khaimah, United Arab Emirates, has signed a memorandum of understanding (MOU) with Ras Al Khaimah Municipality Department (Land and Properties Sector) to provide foreign investors with opportunities to purchase and register properties in the Emirate as well as structure their investments under a RAK ICC entity.

It is important to remind that all BVI companies must pay an annual license fee (ALF) each year for renewal and in order to remain in good standing.