• 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)

What are the key dates?

The Law/Act became law in Cayman/in the BVI on 1 January 2019. Existing companies will need to comply with economic substance requirements by 30 June 2019 and meet the reporting obligation within one year of 30 June 2019. ...