New Economic Substance rules introduced

As from 1st January 2019, economic substance requirements have been introduced in a number of jurisdictions, meaning that certain companies and partnerships are required to declare annually if they are engaged in what is called a “relevant activity” and demonstrate – where applicable – that they are satisfying the economic substance test for this activity.

These jurisdictions include, but are not limited to:

- the Bahamas

- Barbados

- Bermuda

- British Virgin Islands

- Cayman Islands

- Jersey, Channel Islands

Are your entities ready for the economic substance requirements?

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Citco offers a broad range of services to assist clients with their economic substance requirements.

Don’t hesitate to contact us, to see how we can assist you, where relevant, to meet your new obligations.

Our contacts

Ernesto Mairhofer

Ernesto Mairhofer

Business Development,
Governance Services

T+1 305 577 0233
Eemairhofer@citco.com

Agustin Giavedoni

Agustin Giavedoni

Business Development,
Governance Services

T+1 305 577 0233
Eagiavedoni@citco.com