Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 18 JANUARY 2021

Cayman Economic Substance Updates

Conyers
Conyers
Contributor
Conyers

Conyers

For over 25 years Conyers’ London office has provided time-zone sensitive advice and support to our...

View firm profile
Explore more from Conyers

The Department for International Tax Cooperation ("DITC") has advised that the DITC Portal (which will be used for a range of regulatory notification and reporting purposes) opened in early November.

Cayman IslandsCorporate/Commercial Law
Conyers
Conyers
Christopher Bickley
Christopher Bickley
Preetha Pillai
Preetha Pillai
Philippa Gilkes
Philippa Gilkes
Ryan McConvey
Ryan McConvey
Yan Li
Yan Li
Stacie Seetho
Stacie Seetho
Vanessa Ng
Vanessa Ng
Author LinkedIn connections

The Department for International Tax Cooperation ("DITC") has advised that the DITC Portal (which will be used for a range of regulatory notification and reporting purposes) opened in early November; initially for FATCA and CRS purposes, with functionality for Economic Substance and Country-by-Country reporting to follow.

A further advisory will be issued in due course once the DITC Portal is open for Economic Substance filings and further guidance materials are available.

Economic Substance Reporting Deadlines

Generally Economic Substance Returns are due to be filed within 12 months of an entity's financial year end. Economic Substance reporting deadlines have been extended for the first Economic Substance reporting period (for entities with a financial year ending 31 December 2019 only) as follows:

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

New PRC Offshore Trust Tax Rules – Key Implications For Cayman And BVI Offshore Trust Structures

On 24 July 2026, China's Ministry of Finance and State Taxation Administration jointly issued the Announcement on Individual Income Tax Matters Relating to Offshore Trusts (《财政部 税务总局关于离岸信托个人所 得税有关事项的公告》) (Announcement No. 21 of 2026) (the "Notice"), together with a companion Announcement of the State Taxation Administration on Collection and Administration Matters Relating to Individual Income Tax on Offshore Trusts...
GlobalCorporate/Commercial Law
Maples Group
Maples Group
Article

New CIMA AML Rule And Sanctions Rule: What Regulated Entities Need To Consider

The Cayman Islands Monetary Authority has introduced new enforceable Rules on anti-money laundering and sanctions compliance, effective September 18, 2026. These Rules transform previous guidance into directly enforceable requirements, establishing clear obligations for regulated entities including mandatory annual training for governing bodies, independent audit requirements, and enhanced AMLCO independence standards.
Cayman IslandsCorporate/Commercial Law
Carey Olsen
Carey Olsen
Article

How Cayman Islands Investment Funds And Regulated Entities Can Prepare For CIMA AML Desk-based Reviews

The Cayman Islands Monetary Authority is launching desk-based AML reviews of regulated entities, including investment funds, beginning October 2026. These remote supervisory reviews will focus on fund-level risk assessments, compliance programme documentation, and AML governance arrangements, with entities expected to respond within five business days. Investment funds must ensure their risk assessments address money laundering, terrorist financing, and proliferation financing risks across customers
Cayman IslandsCorporate/Commercial Law
Walkers
Walkers
Article

The Cayman Islands Makes Its Mark At The NAIC 2026 Summer National Meeting

The Cayman Islands has formally applied for Qualified Jurisdiction Status with the NAIC, marking a pivotal moment for its insurance sector. As regulators advance significant changes to risk-based capital requirements for offshore reinsurance and intensify scrutiny of private credit investments, stakeholders face a transforming regulatory landscape that will reshape capital treatment and competitive positioning.
Cayman IslandsInsurance
Conyers
Conyers
Article

Stablecoin Regulation 2026: Key Takeaways From Stablecoin Week And The Clarity Act Vote

The failure of the Digital Asset Market Clarity Act in the US Senate leaves cryptocurrency market participants navigating regulatory uncertainty, while major blockchain networks accelerate infrastructure development to integrate traditional banks onto stablecoin payment rails. Cross-border payments emerge as a dominant use case, with stablecoins offering faster, cheaper international settlements than correspondent banking, though compliance frameworks must evolve to match real-time transaction speeds.
Cayman IslandsFinance and Banking
Conyers
Conyers
Article

Hong Kong’s Uncertificated Securities Market Regime: What Cayman Islands And Bermuda Issuers Need To Know

Hong Kong's uncertificated securities market regime, launching November 2026, eliminates paper share certificates for listed securities, requiring electronic title holding through approved registrar systems. Cayman Islands and Bermuda issuers must transition within five years, necessitating constitutional document amendments and new operational procedures. Companies need to appoint approved securities registrars, plan shareholder approvals, and ensure compliance before their assigned transition dates.
Hong KongCorporate/Commercial Law
Conyers
Conyers
Article

SGX Mainboard & Catalist Public Companies Report L H1 2026

Singapore's capital markets are experiencing a significant transformation driven by the MAS-led Equity Market Development Programme, which has injected S$6.5 billion in liquidity and sparked a revival in IPO activity. With over 20 companies preparing to go public and new cross-border listing infrastructure connecting SGX with Nasdaq, the market is showing signs of meaningful structural reform and growing institutional confidence.
SingaporeFinance and Banking
Conyers
Conyers
Article

BVI Annual Returns: Preparation For Upcoming Deadline – 30 September 2026

BVI companies must file annual returns containing balance sheets and income statements with their registered agents. Companies with a December 31 year-end face a September 30, 2026 deadline, while others must file within nine months of their financial year-end. Conyers offers preparation services starting at $1,500 for simple holding companies and provides secure online filing through their client portal.
British Virgin IslandsCorporate/Commercial Law
Conyers
Conyers