In the context of the economic substance legislation, you need to firstly know whether your entity is conducting “relevant activities”. According to the European Union, there are nine such “relevant activities”, covering a broad range of industries and businesses. Further, depending on your entity type, the extent of substance required will also vary.
In the fifth video of the series, Simon Filmer, Global Lead, Company Formation, and Michael Thomas, Global Head of Information Reporting Services, break down what “relevant activities” are.
Alternatively, you can make an enquiry by clicking the button below, and our teams will get back to you shortly:
Webinar: Are you ready for Economic Substance?
20 February 2020
We are well into Q1 of 2020 – but are you ready for Economic Substance? Has your BVI entity taken the necessary steps to come into Economic Substance compliance by 30 June 2020? Did you know…
How can companies demonstrate ‘substance’, and how can Vistra help?
10 September 2019
What is the EU List, and what does it mean to be on the EU’s 'Blacklist' and 'Greylist'?
04 September 2019
Why do the BVI and Cayman Islands remain favourable jurisdictions to set up businesses?
02 September 2019
What should the top priority for companies with offshore entities be right now?
27 August 2019
Does the economic substance legislation affect my BVI or Cayman entity?
19 August 2019