ZURICH, WEDNESDAY 22 MAY 2019, ZUNFTHAUS ZUR WAAG
JERSEY, GUERNSEY, ISLE OF MAN, CAYMAN ISLANDS, BVI, BERMUDA....
Understanding the new requirements for offshore entities (companies, funds, corporate trustees, partnerships...): which consequences in practice?
A detailed study of the laws passed in Jersey, Guernsey, Cayman Islands and BVI in December 2018
• What is expected by the European Union from the offshore jurisdictions?
• Which jurisdictions are targeted?
• Which “relevant entities” need to demonstrate economic substance?
• What are the “relevant activities”?
• Understanding the three-tiered Economic Substance Test
• Understanding the criteria of core income generating activities (CIGA)
• What are the consequences relative to the Direction and management?
• What are the reporting obligations and who will have access to information?
• What information must be provided?
• What will relevant entities that conduct relevant activities need to do?
• Practical economic substance requirements for holding companies, investment funds / fund managers / fund advisors and corporate trustees
• What should be done regarding the entities which are directed and managed outside the offshore jurisdiction?
• What should be done regarding the companies which are non-tax resident of the offshore jurisdiction (and therefore out of scope)?
• In which circumstances would offshore tax authorities report to Swiss tax authorities an offshore entity which does not meet the economic substance requirements?



PROGRAMME