The Economic Substance Act requires that all companies conducting specific activities to show substance/presence in the BVI, unless they are tax resident in another location.
Companies which fall under the ES Act includes Banking, Insurance, Fund Management, Finance and Leasing, Shipping (via Sea), Holding, Intellectual Property (for gain), and Distribution and Service Centre Business.
We are able to assist with all the requirements for companies which fall under the Economic Substance (the above activities). Some companies will be required to have a presence in the BVI, unless they are tax resident in another location.
To read more about the BVI and the Economic Substance, please click here.