Cayman revises economic substance draft guidance

Pedro Gonçalves
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Cayman revises economic substance draft guidance

The Cayman Islands has revised its economic substance rules so that it now applies to all entities operating in the jurisdiction and not just 'relevant entities'. So far, local companies, investment funds or entities that were tax-resident outside of the Cayman Islands were not under the scope of the economic substance regulation introduced earlier this year.  From now on, the economic substance law applies to all entities registered with the general registry. This extension of scope me...

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