ECONOMIC SUBSTANCE

 

We advise clients on the Economic Substance (Companies and Limited Partnership) Act, 2018 (as amended) (the “ES Act”), which came into force on 1 January 2019 in the BVI.

We assist entities to determine if they are carrying on a relevant activity. We advise on the evidence that a relevant entity may need to provide if it is carrying on a relevant activity and is tax resident outside of the BVI.  We also advise on the economic substance that the entity would be required to have if it is tax resident in the BVI, and generally if an entity is in compliance with the ES Act.