For all the uncertainty that surrounds the economic substance legislation, the BVI and Cayman Islands remain exceptionally favourable jurisdictions for companies to set up their businesses as they possess unique commercial, legal and tax benefits unrivalled by many other locations.
Find out more from Michael Thomas, Global Head of Information Reporting Services, and Simon Filmer, Global Lead, Company Formation, in the fifth video of our “8 Things you need to know about Economic Substance” series.