Economic substance laws have been adopted by the BVI, Cayman Islands, Guernsey and Jersey, requiring certain entities which are tax resident in one of the islands to be directed and managed and to carry out income generating activities in that island.
The laws apply to a wide range of activities, including fund management, banking, insurance and certain arrangements between group companies. Whatever your business, we have experts in each of our jurisdictions who can help assess whether you are affected and, if so, ensure that you are compliant.
Our services include:
- General advice, including assessing the application of substance law to your business
- Economic substance audits
- Direction and management reviews
- Outsourcing analysis
- Reporting obligations
- Ongoing compliance
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They function as a City firm and give good quality advice to clients.
Chambers and Partners
We offer expert advice in BVI, Cayman Islands, Guernsey and Jersey law, from our conveniently located offices across Europe, the Americas and Asian time zones in order to handle the most challenging and complex cross-border deals, disputes and investigations.
22 February 2023Read more