With the new BVI Economic Substance Law well into place and already in effect (click here to read more), many BVI companies that are affected by this new law are still struggling to comply with the implementation of adequate substance elements in the BVI.
It is being reminded that Totalserve Trust Company Limited, has made the necessary actions so as to offer a variety of substance related elements in the BVI that can help affected companies to establish such substance. Specifically, Totalserve can directly assist by providing own office rooms or office spaces by way of rent, a variety of other office related facilities as well as director services and part time administrative employees in the BVI.
For more information on these substance elements please contact [email protected]
Finally, noting that whereas Totalserve cannot directly provide BVI legal advice nor confirm whether any selected level of substance is adequate, for certain cases it can give a preliminary outline general guideline of whether such economic substance may need to be implemented. Where requested by the client, Totalserve can refer or act on client’s behalf to the obtaining of proper BVI legal advice for each case.