Since its launch on the 12 July, 1,578 clients from around the world have accessed the online tool, from 70 countries.

The new online tool works by guiding readers through a set of questions to first analyse whether or not the entity in question is in scope of the relevant regime. From there, the Questionnaire will lead the reader through a summary of the steps required to meet the economic substance requirements in the relevant jurisdiction.

Cameron Adderley, Global Group Head of Corporate across the Appleby Group commented: “We pride ourselves in providing comprehensive, multi-jurisdictional legal advice at the times most beneficial to our clients, which is why we invested in developing this tool. Whilst this online Questionnaire cannot substitute for bespoke legal advice, it is clear this tool can help our clients to make informed decisions regarding the new economic substance requirements in their jurisdictions and how these requirements may impact their businesses.”

New regulations in key offshore jurisdictions came into force at the start of 2019 which require entities carrying on specific types of business to demonstrate adequate economic substance in that jurisdiction. Appleby experts can assist you to consider and assess the impact of these regulations in your applicable jurisdiction and will be able to guide you through the requirements to ensure you remain compliant.

To access the online Questionnaire click here.

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Key Contacts

Cameron Adderley

Managing Partner: Hong Kong

T +852 2905 5790
E Email Cameron

David Clark

Partner: Bermuda, BVI

T +1 441 298 3583
E Email David

Tim Faries

Managing Partner: Bermuda

T +1 441 298 3216
E Email Tim

Andrew Jowett

Partner: BVI

T +1 284 393 5316
E Email Andrew

Jeffrey Kirk

Managing Partner: BVI

T +1 284 393 5318
E Email Jeffrey

Judy Lee

Asia Group Head | Partner: Hong Kong

T +852 2905 5737
E Email Judy

Garry Manley

Partner: Isle of Man

T +44 (0)1624 647 638
E Email Garry

Faye Moffett

Managing Partner: Isle of Man

T +44 (0)1624 647 631
E Email Faye

Sally Penrose

Partner: Bermuda

T +1 441 298 3286
E Email Sally

Steven Rees Davies

Partner, Joint Global Head of Technology & Innovation: Bermuda

T +1 441 298 3296
E Email Steven

Andrew Weaver

Partner: Jersey

T +44 (0)1534 818 230
E Email Andrew

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