At the end of 2018, Bermuda, the Cayman Islands and BVI passed legislation with regard to the economic substance of certain entities based in those jurisdictions, in order to meet requirements set down by the EU’s Code of Conduct Group (Business Taxation).
Conyers lawyers can help you determine whether or not your entity or proposed entity is in scope of the legislation.
In some instances, entities required to meet economic substance requirements may benefit from our full suite of Client Services. Contact us to find out whether we can assist you in fulfilling your obligations under the law.
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BVI Economic Substance Calculator
We are delighted to provide you with Conyers’ economic substance calculator for BVI entities. It is a tool designed to help you quickly determine, using plain English, whether your entity is in or out of scope of the economic substance requirements.