Cayman Islands (“CAY”) is a leading offshore financial centre, with a well-established system that Cayman companies are allowed to be listed on major stock exchanges around the world including HKEx, LSE, NYSE, NASDAQ, and SGX etc.

Standard requirement for “CAY” Limited 米兰电竞

Economic Substance Requirement

The International Tax Cooperation (Economic Substance Law) 2018, has been effective since 1 January 2019. CAY entities in-scope of the law should be able to demonstrate their basis for classification, location of tax residency, as well as to keep any relevant documentation in the event that authorities request such information in the future.

A relevant activity means business of the following:

1.     Banking;

2.     Distribution and service centre;

3.     Financing and leasing;

4.     Fund management;

5.     Headquarters;

6.     Holding 米兰电竞;

7.     Insurance;

8.     Intellectual property (IP); or

9.     Shipping;

To understand more about the rules and check whether your 米兰电竞 is “in-scope” or not, please contact our specialist for further consultation.