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ARTICLE · 19 MARCH 2019

Economic Substance Requirements For Fund Management Business

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On 1 January 2019, The International Tax Co-Operation (Economic Substance) Law, 2018 of the Cayman Islands (ES Law) and related Regulations came into force. Additional Regulations and Guidance

Cayman IslandsFinance and Banking
Bryan Hunter
Bryan Hunter
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On 1 January 2019, The International Tax Co-Operation (Economic Substance) Law, 2018 of the Cayman Islands (ES Law) and related Regulations came into force. Additional Regulations and Guidance were issued on 22 February 2019.

The ES Law requires certain entities incorporated or registered in the Cayman Islands and carrying on specified activities to have 'adequate substance' in the Cayman Islands. One of the specified activities that may be relevant to your business is "fund management business".

The scope of this eAlert is limited to the application of the ES Law to fund management business. For details regarding other specified activities and the ES Law generally, see our March 2019 eAlert.

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