The Economic Substance Act 2018 (the “Act”) requires Bermuda-based entities that are carrying on a “relevant activity” in a relevant financial period and entities claiming “non-resident entity” status under the Act to file an...more
5/30/2025
/ Banking Sector ,
Bermuda ,
Business Entities ,
Compliance ,
Corporate Governance ,
Economic Substance Doctrine ,
Filing Deadlines ,
Filing Requirements ,
International Tax Issues ,
Offshore Funds ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements
Recent decisions in the Delaware courts have prompted many corporate groups to re-evaluate if Delaware is the best domicile for their operations. Delaware has been the first choice US jurisdiction for incorporating corporate...more
3/7/2025
/ Bermuda ,
Board of Directors ,
Business Entities ,
Conflicts of Interest ,
Controlling Stockholders ,
Corporate Governance ,
Corporate Transparency Act ,
Delaware ,
Domicile ,
Jurisdiction ,
Popular ,
Regulatory Requirements ,
Relocation ,
Shareholders
For Bermuda-based entities which have a financial year end of 31 December 2024, the final quarter of the fiscal year is a good time to consider their position with respect to Economic Substance.
Economic Substance Regime...more