Brighter Law

Lexology Economic Substance

March 2023

Economic Substance requirements for entities doing business in or through Crown Dependencies and offshore jurisdictions remain broadly similar to each other, but subtle differences do exist. Lexology’s quick reference guide enables side-by-side comparison of local insights into economic substance regimes including affected entities and activities; tax residence considerations; criteria used by tax authorities to determine whether an organisation has sufficient economic substance within a given jurisdiction; enforcement regimes; reporting and compliance requirements; and recent trends.

Read the G&P Attorneys 2023 Guide to Economic substance in Turks and Caicos here

Read the 2023 Economic Substance for Turks & Caicos Islands here

More news

Turks and Caicos Islands Beneficial Ownership in the Spotlight — Part 2

October 2025

The Commission’s Register of Beneficial Owners, once limited to law enforcement and statutory bodies, will soon be open to a wider circle, including certain foreign authorities and individuals with a legitimate interest. Here’s what TCI companies need to know.

STEP LatAm Conference 2025

October 2025

The STEP LatAm Conference in Mexico City convened practitioners from over 60 jurisdictions to examine emerging issues in private wealth. Across two days of panels and workshops, speakers addressed asset protection, succession planning, and the tax and political dynamics shaping the region.

What Businesses Need to Know About New Rules

July 2025

For many years, only a handful of senior police officers could access the Turks and Caicos Islands’ Register of Beneficial Owners. That’s changing. The latest amendments, effective as of 30 June 2025, open the door to broader access including foreign authorities and members of the public with a legitimate interest.

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