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What should the top priority for companies with offshore entities be right now?

Economic Substance Video Series: #4

At present, the top priority for any company with offshore entities is to gain a full, professional classification and understanding of whether they fall within the scope of the substance legislation. Even if the answer seems obvious, there may be nuances that one could overlook, leading to the risk of non-compliance and in turn, business disruption and penalties imposed. This is why we encourage our clients to ensure that they are fully compliant with the new substance requirements before taking any next steps. 

Watch the fourth video of this series, in which Michael Thomas, Global Head of Information Reporting Services, and Joe Cheung, Managing Director and Co-Head, Greater China, tell you what your entity needs to focus on right now to ensure substance compliance.

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:

 

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