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BVI Economic Substance Update August 2019

BVI Economic Substance Update August 2019

BVI Economic Substance Update August 2019 Notices OECD approves BVI’s Economic Substance legislation Following the British Virgin Islands’ (BVI) enactment of the Economic Substance (Companies and Limited Partnerships) Act of 2018, the OECD’s Forum on Harmful Tax...
BVI Economic Substance Update July 2019

BVI Economic Substance Update July 2019

BVI Economic Substance Update July 2019 Notices As you may already be aware, the Economic Substance (Companies and Limited Partnerships) Act, 2018 (the “Act”) came into force on 1 January 2019 with a requirement to determine and demonstrate economic substance for each...
Directors Duties and BVI Economic Substance

Directors Duties and BVI Economic Substance

Directors Duties and BVI Economic Substance Notices The tax residence of a company is a key issue that company users have to consider very carefully.  It is at the heart of corporate structuring and governance planning and can have lasting implications for the...
Public UBO Register Deadline delayed to 2023

Public UBO Register Deadline delayed to 2023

Public UBO Register Deadline delayed to 2023 Notices Public Ownership Registers Delayed by UK The UK Government has delayed the deadline for the establishment of public ownership registers by the British Overseas Territories. The British Overseas Territories,...
Economic Substance in BVI – Changing Laws

Economic Substance in BVI – Changing Laws

Economic Substance in BVI – Changing Laws Notices New Legislation Enacted The British Virgin Islands has enacted legislation, effective 1 January 2019, that requires companies claiming tax residence in the territory to meet certain BVI substance requirements.   I have...