Vistra has announced a new economic substance service in the British Virgin Islands to help companies determine the classification of their BVI company as it applies to the substance rules. Developed by Vistra's in-house legal team, the BVI Economic Substance Classification Questionnaire is a service for any BVI entity to gain clarity on their status, supported by detailed analysis and tailored solutions. Simon Filmer, global lead, company formation, Vistra, said in a statement: "It is now mandatory for all BVI entities to comply with substance requirements and demonstrate good corp...
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