If this email is not displayed correctly please click here

Private Client & Offshore Services

17 January 2019
Ashley Fife Jurisdiction of substance: Bermuda's economic substance laws

Bermuda - Carey Olsen Bermuda

Many offshore financial centres, including Bermuda, laboured to meet the EU Council's end-of-year deadline to impose economic substance requirements on entities that carry on 'geographically mobile' business activities. For jurisdictions subject to the deadline, failure to introduce substance laws may result in being placed on the EU Council's list of non-cooperative jurisdictions for tax purposes. Bermuda's substance laws ensure that the country maintains its stellar reputation as an international financial centre.

Author: Ashley Fife
Read more

Recent updates

Mathew Newman Royal Court issues letter of request to High Court

Guernsey - Ogier

Authors: Mathew Newman, Sam Dingle
David Nelson Capital call facilities – LPA and side letter review

Cayman Islands - Ogier

Authors: David Nelson, James Heinicke
Jennie Cherry US reporting checklist for foreign trusts

USA - Kozusko Harris Duncan

Authors: Jennie Cherry, George N Harris Jr
Simon Felton Banking and finance perspective on Jersey substance proposals

Jersey - Ogier

Author: Simon Felton
Xavier Nicholas Offshore income gains and not-so-protected settlements: unwelcome announcement from HMRC

United Kingdom - Forsters LLP

Author: Xavier Nicholas
Andrew Thorp Receivers – gateway to unlocking disabled bearer shares

British Virgin Islands - Harney Westwood & Riegels

Authors: Andrew Thorp, Jeremy Child