These amendments further refine the Economic Substance Regulations which were adopted on 31 December 2018, including making significant changes to the applicability to holding companies.
The economic substance legislation is now in force and if you have Bermuda entities in your structure, it is important to review the economic substance framework to understand how these requirements may affect you.
Appleby can help you navigate and assess the impact the economic substance requirements may have. Our team of lawyers can assist you from initial impact assessment through to compliance and reporting.
Please contact your usual Appleby partner or a member of the team below for further information.
