Brighter Law

Lexology Economic Substance

Authors: Luca Bonetto, Joanna Martinez

 

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

Griffiths & Partners Attorneys, led by the Senior Partner Conrad Griffiths, proudly reaffirms its position as a top-tier Private Wealth law firm in Turks and Caicos, upholding its prestigious Band One status in the 2023 Chambers High Net Worth (HNW) guide. 
We are pleased to announce that Luca Bonetto, Corporate and Commerical Partner at Griffiths and Partners, along with his team, participated in the creation of the Chambers Doing Business In practice guide 2023, which highlights and promotes the Turks and Caicos Islands as a prime investment destination.
Real estate remains the world’s biggest store of wealth. Real estate services company Savills estimated that, at the end of 2020, the global value of real estate reached USD326.5 trillion, making it more valuable than all global equities and debt securities combined, and almost four times the size of global GDP.