（English Version Only)

The economic substance regime of the British Virgin Islands (BVI) and the Cayman Islands has now been in place for over two years. Although there is growing familiarity with its terms, the legislation and industry best practice in this area have continued to evolve and the substance requirements continue to have a material impact on businesses in Asia and the structuring of offshore transactions. We have invited Mr. Peter Vas, a Partner at Loeb Smith Attorneys in Hong Kong, to speak to you about the latest developments in this space.

The speaker first helped participants understand the three key concepts of "related entities", "investment funds" and "related activities", and then elaborated on the Cayman Islands holding company business, intellectual property business and financing and leasing business. The issue of economic substance requirements is also important, and the instructor explains step by step the process of the general test in the Cayman Islands. And the participants will have a comprehensive understanding of what notification and reporting obligations there are and the consequences of non-compliance. At the end of the seminar, the guest speaker explained in detail the role as a law firm and registered office service provider, providing relevant practitioners with, classification services, advice, support for filing work, economic substance solutions and restructuring of the five areas of work ideas, and the participants all said they benefited from the seminar.

Webinar Outlines:

• Background to the economic substance regime
• What is a “relevant entity” and a “relevant activity”?
• What substance does a “relevant entity” need to have in the - BVI and the Cayman Islands in relation to a “relevant activity” that it is conducting?
• What are the reporting and compliance obligations?
• What are the consequences of non-compliance?
• What support can an offshore law firm provide to comply with the economic substance regime?

Thank you, Mr. Peter Vas and Mr. Anthony Cheung, for sharing your time and experience!

按此參加下一個活動

相關文章：

INED核心課程重溫

INED高階課程重溫

INED講座回顧

INED週年會議回顧

其他活動回顧