With the introduction of economic substance requirements in a number of offshore jurisdictions, economic substance and local taxation matters have become increasingly important in Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey and Jersey.
To help businesses ensure compliance with economic substance requirements, our teams conduct substance audits on existing structures, procedures and documents to help identify any issues both in terms of an initial audit of compliance and on an ongoing basis.
We work closely with businesses to provide practical and privileged advice and tailored solutions to help remedy any gaps or other issues that could prevent compliance with economic substance requirements.
We have also developed a set of tools for clients to ascertain whether the economic substance requirements could apply to their businesses. To access these tools and our jurisdictional-specific substance resources or to learn more about our taxation and economic substance services, please select the relevant jurisdiction from the panel below.
As well as providing substance guidance, our lawyers also deliver practical and privileged advice to clients on a range of other taxation matters, including tax residence, income tax, FATCA, the OECD’s Common Reporting Standard (CRS) and tax disputes.
To find out more about how we can help, please contact one of our taxation and economic substance lawyers.
Our jurisdictions and economic substance tools
Recent video briefings
Key takeaways from day 3 of the Bermuda Tech Summit 2021
Partner Steven Rees Davies provides a summary of the key points from the final day of the Bermuda tech Summit 2021.
The day 3 agenda included sessions on the following topics:
- Risk vs. Reward – The Potential Transformation Power of Decentralized Finances (DeFI)
- Non-Fungible Tokens (NFT) – Hyped Up Fad or Revolutionary Shift?
- Transformation of the Traditional Business Model – A Bermuda Perspective
- Don’t DABle
- The Prism of Views
- The Transformation of Value Exchange
Hosted by the Bermuda Business Development Agency, this year's Bermuda Tech Summit was held virtually from 13 – 15 October. Carey Olsen is proud to be a silver sponsor of the event, which also saw Steven appearing as a panellist for a discussion around Bermuda's future digital infrastructure, while counsel Sheba Raza moderated a panel session on tech investment trends and the private wealth sector.
View our round up of days 1 and 2 using the links below:
- Key takeaways from day 1 of the Bermuda Tech Summit 2021
- Key takeaways from day 2 of the Bermuda Tech Summit 2021
For further reading and information on our services and experience please visit our Crypto and Blockchain or Fintech and Regtech sections of our website, or contact Steven and Sheba to set up a call.
Key takeaways from day 2 of the Bermuda Tech Summit 2021
The second day of the Bermuda Tech Summit 2021 took place on Thursday 14 October with a programme of presentations, Q&A and breakout sessions. In the video above, partner Steven Rees Davies provides a summary of the key points from the day. The agenda included sessions titled:
- Cutting Edge Innovation in Bermuda
- The Underwriter of the Future
- Bermuda’s Digital Asset Business Act
- Living, Employed and Deployed in Tech Central
- ESG & Tech – The Evolution of Sustainable Development
- Tech Investment Trends and the Private Wealth Sector
- Digital Identity – Fundamental to the Transformation of Financial Services
Hosted by the Bermuda Business Development Agency, this year's Bermuda Tech Summit was held virtually from 13 – 15 October. Carey Olsen is proud to be a silver sponsor of the event, which also saw Steven appearing as a panellist for a discussion around Bermuda's future digital infrastructure, while counsel Sheba Raza moderated a panel session on tech investment trends and the private wealth sector.
View our round up of days 1 and 3 using the links below:
- Key takeaways from day 1 of the Bermuda Tech Summit 2021
- Key takeaways from day 3 of the Bermuda Tech Summit 2021
For further reading and information on our services and experience please visit our Crypto and Blockchain or Fintech and Regtech sections of our website, or contact Steven and Sheba to set up a call.
Key takeaways from day 1 of the Bermuda Tech Summit 2021
Partner Steven Rees Davies provides a summary of the key points from the first day of the Bermuda tech Summit 2021 which took place on Wednesday 13 October 2021 and included presentations, Q&A and breakout sessions on the following topics:
- From Tall Ships to Digital Assets: Bermuda’s Journey to Becoming a Blockchain Nation
- Transforming the Regulatory Landscape
- Why Institutions Need to Get Serious About Cryptocurrencies
- The Future of Data: The Modern Data Estate
- Bermuda’s Future Digital Infrastructure
- Bermuda: Silicon Valley of the Atlantic
Hosted by the Bermuda Business Development Agency, this year's Bermuda Tech Summit was held virtually from 13 – 15 October. Carey Olsen is proud to be a silver sponsor of the event, which also saw Steven appearing as a panellist for a discussion around Bermuda's future digital infrastructure, while counsel Sheba Raza moderated a panel session on tech investment trends and the private wealth sector.
View our round up of days 2 and 3 using the links below:
- Key takeaways from day 2 of the Bermuda Tech Summit 2021
- Key takeaways from day 3 of the Bermuda Tech Summit 2021
For further reading and information on our services and experience please visit our Crypto and Blockchain or Fintech and Regtech sections of our website, or contact Steven and Sheba to set up a call.
Main trends for the insolvency and restructuring landscape in 2021 and beyond
James Noble, Carey Olsen's Head of Litigation, Insolvency and Restructuring, Asia, talks about main trends for the insolvency and restructuring landscape in 2021 and beyond in an interview taken at the Asia Legal Business Asia Debt & Debt Restructuring Forum which was held in Singapore on 19 March.
Good Governance and Expectations of a Board in a Crisis
Restructuring and insolvency partners Tim Corfield and David Jones discuss what good governance in a crisis looks like in the IoD's fourth Wednesday Webinar.
You can listen to the discussion and view the slides above.
All change? New data protection law in the Channel Islands
With the GDPR due to be applied from 25 May 2018, moves are afoot to update the data protection laws applicable in Jersey and Guernsey. Carey Olsen looks at the new laws and what businesses should be aware of in preparing for them.