All Bermuda companies, LLCs and partnerships (which have elected to have separate legal personality) which fall within scope of the economic substance regime by conducting a “relevant activity” must file their ESD no later than 6 months after the first financial year of that entity which commenced on or after 1 January 2019. For entities with a financial year ended 31 December 2019 the deadline for filing the ESD is 30 June 2020.

The ROC is offering a webinar to provide training on how to use the ESD portal. The live webinars will be offered 4 May and 12 May 2020, and are open to everyone. Please see the links below to register for one of the ROC webinars.

If you have any questions on the ESD filings or with respect to the applicability of the economic substance regime to your Bermuda entities, please reach out to your usual Appleby contact or a member of the team below.

ROC ECONOMIC SUBSTANCE DECLARATION PORTAL 

ROC WEBINAR: MONDAY 4 MAY

ROC WEBINAR: TUESDAY 12 MAY 

Share
Twitter LinkedIn Email Save as PDF
Key contacts

Tim Faries

Managing Partner: Bermuda

T +1 441 298 3216
E Email Tim

Sally Penrose

Partner, Head of Regulatory: Bermuda

T +1 441 298 3286
E Email Sally

More News
21 Dec 2020 | News

Appleby makes 22nd holiday donation to aids charity, STAR

Appleby’s Bermuda office delivered Christmas trees, holiday food hampers and gifts to local charit...

17 Dec 2020 | News

Monica Kelly is called to the Bermuda Bar

Appleby is delighted to announce that Monica Kelly (née Spencer) has been called to the Bermuda Bar...

16 Dec 2020 | News

Bermuda’s Improvements to the Digital Asset Business Act

The Government of Bermuda prudently enacted the Digital Asset Business Act 2018 (DABA), which create...

14 Dec 2020 | News

Offshore Business Update

This is an update for our clients on how the authorities in our core jurisdictions are responding to...

10 Dec 2020 | News

Appleby Ranked Tier 1 in Chambers’ Inaugural Offshore FinTech Guide

Chambers and Partners has published its first-ever Offshore FinTech ranking, naming Appleby as a Tie...

Contributors: Steven Rees Davies
8 Dec 2020 | News

Ashley Bento is called to the Bermuda Bar

Appleby is delighted to announce that Ashley Bento has been called to the Bermuda Bar. The ceremony ...

3 Dec 2020 | News

Amber Farrington is called to the Bermuda Bar

Amber Farrington, a Trainee at Appleby, was called to the Bar on Friday.

12 Nov 2020 | News

Appleby has the top regulatory practice in Bermuda in latest Legal 500 rankings

Appleby has the most women ranked in Bermuda in the ‘Leading Individuals’, ‘Next Generation Pa...

5 Nov 2020 | News

Appleby Sponsors FFA Virtual Global Symposium

Appleby is proud to be a platinum sponsor of the Global Fund Finance Association (FFA) Symposium for...

Contributors: Fiona Chan
15 Oct 2020 | News

Three Bermudians join Appleby’s 2-year legal trainee programme

Appleby would like to welcome Arielle DeSilva, Zantae Dill and Kaisha Wilson to the Appleby legal tr...