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【Offshore Companies】The regulations of “Economic Substance” in Cayman Islands (the Law) and BVI (the Act) (Part 1)

● Cayman:

The International Tax Co-operation (Economic Substance) Law, 2018 (as amended) (the Law)


● BVI:

The BVI Economic Substance (Companies & Limited Partnership) Act, 2018 (the Act)


Is your Company in scope?

The Law/Act applies to all legal entities that carry on relevant activities unless they are resident for tax purposes in a jurisdiction outside of Cayman Islands/BVI (except for jurisdictions included in the EU list of non-cooperative jurisdictions). ...

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