Cayman Islands Economic Substance Requirements

To establish if the Cayman Islands economic substance requirements will apply to an entity in respect of any financial year of the entity commencing in 2019 or later, please answer the questions in the panel below.

This tool has been developed in response to the International Tax Co-Operation (Economic Substance) Law, 2018 (as varied by the Regulations, the "Law"), the International Tax Co-Operation (Economic Substance) (Prescribed Dates) Regulations, 2018, the International Tax Co-Operation (Economic Substance) (Amendment of Schedule) Regulations, 2019 and the International Tax Co-Operation (Economic Substance) (Amendment of Schedule) (No. 2) Regulations, 2019 (together, the "Regulations"), and the related guidance published on 30 April 2019 (as amended on 17 September 2019). It is therefore subject to any changes, further guidance, the form of annual return and any supporting legislation being published. It is also intended only to be used as a quick reference guide and not as a substitute for professional advice.

For advice on any specific circumstances, please contact a member of our Cayman Islands economic substance team.

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