Bermuda Economic Substance: Summary & Update
Virtual Delivery: May 18, 2022
9:30am to 10:30am Atlantic
No Cost
Facilitators:
Michael Frith - Senior Counsel, Carey Olsen Bermuda Limited
Charissa Ball - Counsel, Carey Olsen Bermuda Limited
Overview
The economic substance regime was introduced in Bermuda in 2018. Since then, the regime has developed and been updated, requiring Bermuda entities and their directors and managers to remain cognizant of the applicable economic substance requirements and the extent to which they comply with such requirements.
This presentation will provide a summary of the current Bermuda economic substance regime applicable to Bermuda entities and discuss what you should be thinking about from a Board perspective when it comes to considering the steps to take for compliance. We will also provide an update of the recent changes to the regime, and likely future developments.