● Cayman:

The International Tax Co-operation (Economic Substance) Law, 2018 (as amended) (the Law)

● BVI:

The BVI Economic Substance (Companies & Limited Partnership) Act, 2018 (the Act)

Is your Company in scope?

The Law/Act applies to all legal entities that carry on relevant activities unless they are resident for tax purposes in a jurisdiction outside of Cayman Islands/BVI (except for jurisdictions included in the EU list of non-cooperative jurisdictions). ...