LEGAL GUIDE: International Tax Co-Operation (Economic Substance) Law, 2018 (ESL)

LEGAL GUIDE: International Tax Co-Operation (Economic Substance) Law, 2018 (ESL) ______________________________________________________________________________________________ 1. Background The International Tax Co-Operation (Economic Substance) Law, 2018 (ESL) was enacted in the Cayman Islands on 21 December 2018. Its purpose is to fulfil the Cayman Islands’ commitment to ensuring the highest standards of tax governance and to ensure that the Cayman…

LEGAL GUIDE: Ley de Sustancia Económica (Compañías y Sociedades Comanditarias) de 2018

LEGAL GUIDE: Ley de Sustancia Económica (Compañías y Sociedades Comanditarias) de 2018 ______________________________________________________________________________________________ 1. Antecedentes La Ley de Sustancia Económica (Compañías y Sociedades Comanditarias) de 2018 (LSE) fue promulgada en las Islas Vírgenes Británicas el 31 de diciembre de 2018. Su propósito es asegurar la existencia de los mejores estándares de gestión y control de…

LEGAL GUIDE: Economic Substance (Companies and Limited Partnerships) Act, 2018 (ESA)

LEGAL GUIDE: Economic Substance (Companies and Limited Partnerships) Act, 2018 (ESA) ______________________________________________________________________________________________ 1. Background The Economic Substance (Companies and Limited Partnerships) Act, 2018 (ESA) was enacted in the British Virgin Islands on 31 December 2018. Its purpose is to fulfil the BVI’s commitment to ensuring the highest standards of tax governance and to ensure that…