Regions & Tax
Where family offices base themselves and why — jurisdictions, residency, tax and regulation.
3 questions
No. Since 26 March 2025, entities formed in the US are exempt, and a final rule effective 14 August 2026 made this permanent.
Foreign companies and other non-US entities registered to do business in a US state, which report their non-US beneficial owners only. A non-US fund registered in the US may also need to file a short report naming the individual with substantial control over it. If your structure includes foreign funds or entities registered in the US, check the position with the fund administrator or your counsel.
No. US companies and US persons no longer need to update or correct earlier filings, and FinCEN has said it will delete BOI previously reported by now-exempt US persons.