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Vistra recently launched its enhanced My Formations portal to help clients with entities in the British Virgin Islands manage risk and comply with relevant regulations by leveraging digital solutions. 
With the introduction of the Singapore Companies (Amendment) Act 2017 (the “Act”) – which is an inward re-domiciliation regime – a great deal of interest has been generated by international corporates looking to transfer their regional and/or worldwide headquarters into Singapore.
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?
These laws were imposed by the European Union (EU) to address alleged concerns around too much profit with too little substance in low or zero-rate tax jurisdictions.
We are delighted to officially launch our Economic Substance Services and Solutions, starting with the British Virgin Islands (BVI) Economic Substance Classification Questionnaire designed to help clients determine the classification of their BVI company as it applies to the substance legislation.