What to expect from us
Other regulatory regimes, such as centralised ownership registers and economic substance requirements for offshore companies, are closely linked to the efforts to increase global tax transparency under AEoI.
We have a profound knowledge of the different regulatory requirements for entities in the private wealth industry, including topics such as Beneficial Ownership registers and Economic Substance Requirements. We help you navigate the regulatory landscape to make sure that you are on top of all jurisdiction-specific requirements and can act in a timely and correct manner.
Beneficial Ownership (BO) registers
Beneficial ownership registers to identify and verify the identity of customers and beneficial owners are an important tool in preventing the abuse of the financial system for the purposes of money laundering and terrorist financing. Such regulations require companies and partnerships, and sometimes trusts and similar legal arrangements, to disclose the identity of the individual(s) who may hold a particular interest in or otherwise exercise control over a company to a central – and sometimes publicly accessible – BO register.
Offshore Economic Substance Requirements (ESR)
Following the OECD’s resumption of activities to apply substance requirements to jurisdictions with no or nominal taxation under BEPS Action 5, companies incorporated in a number of jurisdictions – such as Bermuda, BVI, Cayman Islands, Isle of Man, Jersey, Guernsey, Bahamas and Seychelles – will have economic substance rules imposed on them, requiring those companies engaged in certain relevant activities to demonstrate an appropriate level of economic substance in the jurisdiction in which they are incorporated.
What sets us apart
We stand out in the field of regulatory requirements through our all-encompassing technical and practical knowledge and understanding of the mechanisms and purposes behind tax transparency regimes.
We deliver solutions that are tailored to meet the individual needs of our customers, based on a close and continuous dialogue. Whether you want to outsource all or part of your processes to us or want our advice in a single matter, our aim is to always provide you with exactly what you need – no more and no less.
We have a holistic mindset and create added value for our clients by not losing sight of the big picture. This enables us to proactively show you structures with which you can align yourself in a long-term and stable way.