Bermuda updates economic substance laws

News Team, 06/04/2021

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...

Continue reading this article...

Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.

You are currently not logged in,
login to view the full article
start by clicking this button.

Need a subscription,
fill out the form here or
contact subs@eprivateclient.com

About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM


eprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.

Read more