Overview

Use of offshore vehicles in the BVI, Cayman Islands and Bermuda have always been popular in Hong Kong and China, particularly with the asset management industry. With the introduction of the economic substance regime in these jurisdictions, it is important to have an understanding of the regulations in order to ensure your entity does not fall foul of the relevant regime. This webinar will provide an overview and an update of Economic Substance in the BVI, Cayman Islands and Bermuda.

Objective

By the end of the webinar, participants will have a basic understanding and update on the Economic Substance regime in the BVI, Cayman Islands and Bermuda.

Content

Economic Substance in the BVI, Cayman Islands and Bermuda
- Overview of in-scope entities and in-scope activities
- Overview of the Economic Substance Tests
- Latest updates on Economic Substance

Who should attend

The webinar is primarily targeted to fund managers, asset managers and investors who would like to have a better understanding and update on Economic Substance Law impacting their entities in these offshore jurisdictions. It is also for anyone who have or are interested in incorporating any BVI, Cayman Islands or Bermuda entities as part of their structure.

Financial Incentive Scheme of the WAM Pilot Programme

This is one of the eligible courses / seminars under the Financial Incentive Scheme (“The Scheme”) of the WAM Pilot Programme.

Eligible in-service practitioners of the financial services industry could apply for a reimbursement up to 80% of the course / seminar fees, or a maximum of HK$10,000 per person throughout the period of 1 October 2016 to 31 March 2023 upon satisfactory completion.

Each individual may apply for reimbursement for more than one course / seminar subject to a maximum of HK$10,000 but each course / seminar can only be reimbursed once.

The duly signed application form together with the FIVE supporting documents must be submitted within FOUR months from the last day of the course / seminar attended. Please refer to the WAM Pilot Programme website for more details.

WAM Pilot Programme Special Requirements

If you plan to apply for reimbursement under the Financial Incentive Scheme (FIS), please ensure your device/computer has the camera feature or with webcam installed as you are required to turn on your camera throughout the webinar.