Economic Substance legislation in the Cayman Islands law requires that all entities registered or domiciled in the jurisdiction which undertake certain relevant activities must have and maintain adequate economic substance in the Cayman Islands.

Cayman Islands incorporated companies, partnerships and other entities are required to make an annual Economic Substance Notification whether certain relevant activities have been conducted during the past year. Any “relevant entity" that is conducting “relevant activities” in the jurisdiction must also submit an annual Economic Substance Return to the Tax Information Authority.

Calderwood’s team of experts have deep insight of the legal and regulatory framework in the Cayman Islands. With our experienced professionals, resident in the Cayman Islands, we offer a comprehensive range of tailored economic substance services that will enable Mancos subject to the regime to satisfy the necessary requirements for substance in the Cayman Islands.

Our key services include:

• A comprehensive suite of fund governance services, including professional independent directors
• Notification and reporting
• Administration and reception services
• Physical office space and equipment

Mancos should work with their Cayman counsel to ensure that any proposed solution is fit for purpose with regards to each Manco’s specific circumstances. We would welcome the opportunity to work with both the Manco and its legal counsel to help implement solutions tailored to its requirements.

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