Does the economic substance legislation affect my BVI or Cayman entity?

19 August 2019
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In general, there are four questions to answer before you gain a clearer picture of whether and how economic substance affects your BVI or Cayman entity. These questions concern the jurisdiction in which your company was incorporated, the business activities carried out by your company, the income source of such activities, as well as the company’s tax residency jurisdiction.

Watch the third video of this series, in which Debbie Farman, Vistra’s Global Head of Legal Services, explains the key questions that you need to answer in order to find out how the substance legislation affects your entity.

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In general, there are four questions to answer before you gain a clearer picture of whether and how economic substance affects your BVI or Cayman entity. These questions concern the jurisdiction in which your company was incorporated, the business activities carried out by your company, the income source of such activities, as well as the company’s tax residency jurisdiction.

To find out how Vistra can help your entity ensure substance compliance, please reach out to your Account Manager or regular Vistra contract, or any of our in-country representatives here.

Alternatively, you can make an enquiry by clicking the button below, and our teams will get back to you shortly.
 

 

The contents of this article are intended for informational purposes only. The article should not be relied on as legal or other professional advice. Neither Vistra Group Holding S.A. nor any of its group companies, subsidiaries or affiliates accept responsibility for any loss occasioned by actions taken or refrained from as a result of reading or otherwise consuming this article. For details, read our Legal and Regulatory notice at: https://www.vistra.com/notices . Copyright © 2024 by Vistra Group Holdings SA. All Rights Reserved.


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