The Bermuda Registrar of Companies has implemented a number of changes to its economic substance laws.

These changes have been implemented by the registrar in response to reviews completed by the EU Code of Conduct Group on Business Taxation, according to law firm Walkers.

Any entity conducting a “relevant activity” or claiming “non-resident entity” status under the economic substance laws in a relevant financial period, must file an economic substance declaration form within six months after the last day of their financial year end.

The declaration must be filed on the registrar's e-portal and the ent...