Economic Substance (ES) regulations

"New regulations in the more reputable international finance centers including the BVI came into force during 2019 which require entities carrying on specific types of business to demonstrate adequate economic substance. Mount Sage Advisors can assist these entities that wish to further develop their BVI based substance in a variety of ways via tailor made solutions."

Relevant activities, Establishing substance and CIGA

Relevant activities

Establishing substance in the BVI

Core Income Generating Activities (CIGA)

A legal entity is subject to the economic substance requirements if it conducts any of the following Relevant Activities:

  • Banking business;
  • Insurance business;
  • Fund management business;
  • Financing and leasing business;
  • Headquarters business;
  • Shipping business;
  • Holding business;
  • Intellectual property business; and
  • Distribution and service centre business.

If you are looking to establish and demonstrate substance in the British Virgin Islands, Mount Sage Advisors is your ideal partner.

We specialize in delivering customized solutions, offering a comprehensive suite of services such as governance, resident directorship, and office space for a select number of Relevant Activities.

We work closely with third-party advisors to ensure access to expert legal advice and accounting services. Together, we can collaborate to obtain necessary elements like trade licenses, work permits, office space, or support staff tailored to your unique requirements.

Our serviced office solutions present a cost-effective means to fulfill the BVI Economic Substance (ES) regulations, coupled with the provision of comprehensive meeting facilities for clients during their time on the island. We can expedite the fulfillment of substance requirements for your BVI business:

  • Turnkey, private workspace.
  • High-speed Wi-Fi. Connect via hard-wired Ethernet or secure Wi-Fi.
  • Layouts may include dedicated meeting rooms and executive offices.
  • Versatile rooms can be set up to allow teams to gather, meet, participate in video conferences or give a presentation – virtually or in-person.