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Why do the BVI and Cayman Islands remain favourable jurisdictions to set up businesses?

Economic Substance Video Series: #6

For all the uncertainty that surrounds the economic substance legislation, the BVI and Cayman Islands remain exceptionally favourable jurisdictions for companies to set up their businesses as they possess unique commercial, legal and tax benefits unrivalled by many other locations.

Watch this video to find out why you should continue business operations and incorporations in the BVI and Cayman Islands, what makes them such attractive places for doing business in the first place, and what steps they have taken to prepare themselves for the substance legislation.

In the sixth video of this series, Simon Filmer, Global Lead, Company Formation, and Michael Thomas, Global Head of Information Reporting Services, share their views on this topic. 
 

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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