January 2022 marked the third anniversary of the introduction of the Economic Substance Legislation by the Crown Dependencies and Overseas Territories. In that time, there’s been plenty of twists and turns, with the legislation continuing to evolve and COVID-19 posing a number of challenges from a compliance standpoint.
In this short guide, we reflect on the changes to the Legislation since its inception on 1 January 2019, specifically in the Channel Islands, and provide practical guidance on the steps and measures you can take to ensure your structures are compliant.
To discover for yourself what makes us the bright alternative and how we can support, please contact Chris McErlane, our Head of Real Assets - Guernsey.
