Analysis & Insights
BVI Economic Substance Regime
29 Oct 2020
Following the economic substance regime that was brought into effect in the BVI on 1 January 2019, Karen Zhang Pallaras and Joanna Russell, Of Counsels in our Hong Kong and London offices, provide a brief summary of the BVI's economic substance regime, highlighting the most common classifications of business activities and outlining the next steps required to comply with reporting obligations.