• Follow us


Appleby's Economic Substance Online Tool - Bernews

Law firm Appleby launched an online Economic Substance Questionnaire last month, which provides complimentary guidance on the economic substance regulations introduced in the jurisdictions of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, the Isle of Man and Jersey.

“Since its launch on the 12 July, 1,578 clients from around the world have accessed the online tool, from 70 countries,” the law firm said,

“The new online tool works by guiding readers through a set of questions to first analyse whether or not the entity in question is in scope of the relevant regime. From there, the Questionnaire will lead the reader through a summary of the steps required to meet the economic substance requirements in the relevant jurisdiction.”

Cameron Adderley, Global Group Head of Corporate across the Appleby Group commented: “We pride ourselves in providing comprehensive, multi-jurisdictional legal advice at the times most beneficial to our clients, which is why we invested in developing this tool.

“Whilst this online Questionnaire cannot substitute for bespoke legal advice, it is clear this tool can help our clients to make informed decisions regarding the new economic substance requirements in their jurisdictions and how these requirements may impact their businesses.”

To access the online Questionnaire and find out more about Appleby’s Economic Substance expertise, visit here.

Share via emailRelated Stories

Read More About

#Appleby #BermudaBusiness #EUSubstanceIssue

Category: All, Business

Read More

Leave A Comment

More News


Butterfield climbs 0.8% on BSX 2019-09-17 17:45:00Shares of Butterfield Bank gained 0.8 per cent in Bermuda Stock Exchange trading.The bank gained 25 cents to close at $30.25 on the trading of 2,002 s

Hospitality jobs alert initiative launched 2019-09-17 11:37:00Bermudians interested in employment in the hospitality industry are invited to complete an online registration allowing them to be alerted about job o

Loren hosts fundraising dinner for YouthNet 2019-09-17 08:00:00Luxury hotel The Loren at Pink Beach is teaming up with its hospitality partners to host a fundraising dinner and dance with all proceeds to benefit t

Fall in water sales hits Watlington profits 2019-09-17 08:00:00Watlington Waterworks Ltd's profits fell in the first six months of the year, as piped water sales dipped.In the company's report to shareholders fo

Chamber lends support to BermudaFirst report 2019-09-17 08:00:00The Bermuda Chamber of Commerce has praised the efforts of the BermudaFirst advisory group and called for a holistic approach to acting on its recomme

Burt and Circle CEO in Tech Summit line-up 2019-09-17 08:00:00Crypto industry leader Jeremy Allaire will join David Burt, the Premier, for the opening keynote conversation at the Bermuda Tech Summit on October 16

Meeting the healthy eating demand 2019-09-17 08:00:00JaVaughn Dill shakes his head when people complain about the high price of fresh vegetables."I see it on Facebook," the 40-year-old said. "The aver

Baumel set to head claims at Axis Insurance 2019-09-16 18:29:00Axis Insurance, a division of Bermudian-based Axis Capital Holdings Ltd, announced that chief claims officer David Hayward will retire in March 2020 a

HSBC shares gain 4.1% on BSX 2019-09-16 17:40:00No domestic companies' shares traded on the Bermuda Stock Exchange, leaving The Royal Gazette/BSX Index unchanged on 2,073.13.Among international com

EY donates $200,000 for Dorian relief effort 2019-09-16 15:45:00Professional-services firm EY has announced a $200,000 donation to Hurricane Dorian relief efforts in the Bahamas. The leadership of the EY region of

Directors urged to attend cyber-risk event 2019-09-16 14:22:00Board directors in Bermuda are being urged to attend a conference looking at risks posed by cyberattacks.The second annual Bermuda edition of the Inte

Burns hired by Waterfront Group 2019-09-16 14:17:00The Waterfront Group has hired Catherine Burns as assistant vice-president of nutrition, wellness and community health.Ms Burns is a nutritional thera

Bernews.com » Business

Hurricane Humberto: Butterfield Closures 2019-09-17 15:54:34Due to the approach of Hurricane Humberto, Butterfield Banking Centre will close at 11.30am tomorrow [Sept 18], and all other Butterfield departments

Colonial Urges To Check Policies & Properties 2019-09-17 12:55:28As Hurricane Humberto makes its approach to Bermuda, Colonial Insurance is “urging people to ensure their policies are up to date.” R

Govt: 2019/20 First Quarter Fiscal Performance 2019-09-17 11:51:01The Ministry of Finance today [Sept 17] reported on the 2019/20 First Quarter Fiscal Performance. 2019/20 First Quarter Fiscal Performance: A Governme

Online Registration For Hospitality Job Sector 2019-09-17 11:38:36Bermudians interested in employment in the hospitality industry are invited to complete an online registration allowing them to be alerted about job o

Dock: Importers Asked To Collect Goods Today 2019-09-17 11:29:43Stevedoring Services Limited [SSL] has issued a hurricane closure advisory to importers and partners for Wednesday, September 18, and have asked impor

Deloitte Corporate Social Responsibility Report 2019-09-17 09:05:57The Deloitte Bermuda FY19 Corporate Social Responsibility report highlights their “clear purpose – to make an impact that matters by striv

Circle CEO To Join Premier At Tech Summit 2019-09-17 07:00:34Crypto industry leader Jeremy Allaire will join Premier David Burt for the opening keynote conversation at the Bermuda Tech Summit on Wednesday, Octob

Watlington Waterworks Six Month Report 2019-09-17 05:48:06In a filing with the Bermuda Stock Exchange, Watlington Waterworks released the Directors Report to shareholders for the six months ended June 30

Bermuda Stock Exchange Report: Sept 16 2019 2019-09-17 05:15:12September 16 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,073.13, even on the day. There was 1 advance, 0 declines, and 55

Catherine Burns Joins The Waterfront Group 2019-09-16 12:11:29The Waterfront Group has hired Catherine Burns as Assistant Vice President of Nutrition, Wellness and Community Health, with the vision of integrating

EY Donates $200K To Hurricane Dorian Relief 2019-09-16 11:37:36EY today announced a $200,000 donation to Hurricane Dorian relief efforts in the Bahamas. Leadership of the EY region of the Bahamas, Bermuda, British

Chamber Of Commerce On ‘Future State’ Report 2019-09-16 11:32:41The Bermuda Chamber of Commerce said they support the efforts that went into producing Bermuda First’s ‘Future State’ report. C

Reuters: Business News

Explainer: Why Asia's biggest economies are backing hydrogen New! 2019-09-18 05:06:03China, Japan and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a

Toyota banks on Olympic halo for the humble New! 2019-09-18 05:04:03Buses may not be the most glamorous mode of transport but at the 2020 Tokyo Olympic games, they will represent Toyota Motor Corp's best bet for wide

U.S. seeks U.N. action on Saudi attacks despite New! 2019-09-18 04:26:14A senior U.S. official on Tuesday called for a U.N. Security Council response to the attacks on Saudi oil facilities that the United States blames on

Saudi oil attacks came from southwest Iran, U.S. New! 2019-09-18 04:25:31The United States believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran, a U.S. official told R

Airbus revises up jet demand, trims traffic growth New! 2019-09-18 04:20:26Airbus on Wednesday revised up forecasts for jetliner demand in the next 20 years led by growth in the new industrial hubs of Asia, while voicing alar

Britain to investigate $5 billion U.S. takeover of New! 2019-09-18 04:16:21Britain will investigate the national security impact of the purchase of defense company Cobham by U.S. private equity firm Advent International, pot

Nissan plans sale of Trading unit in $1 New! 2019-09-18 03:22:01Nissan Motor Co Ltd is looking to sell its vehicle parts and materials distribution business in a deal that may be valued at about $1 billion, Bloomb

Saudi envoy says Iran was behind attacks on New! 2019-09-18 03:21:57Saudi Arabia's ambassador to London said on Wednesday that Iran was almost certainly behind attacks on Saudi oil facilities.

U.S. lawmakers urge Trump administration to restore India's New! 2019-09-18 02:59:45Forty-four members of the U.S. Congress have urged President Donald Trump's trade representative to restore trade concessions to India, saying the wi

Window closing fast for WeWork parent to launch New! 2019-09-18 02:40:50WeWork owner The We Company faces strong headwinds in achieving its goal of launching an initial public offering (IPO) by the end of the year after po

Japan defense minister: Not aware of any Iran New! 2019-09-18 02:25:24Japan has not seen any intelligence that shows Iran was involved in the recent attacks on Saudi Arabian oil facilities, Japan's new defense chief sai

Oil retreats on Saudi supply reassurance, Fed in New! 2019-09-18 02:13:47Oil prices cooled on Wednesday as Saudi Arabia said full oil production would be restored by month's end while caution ahead of an expected U.S. inte

Business - The Huffington

MoviePass Shuts Down Its Service After Years Of 2019-09-13 16:50:12MoviePass' parent company appeared unsure if it the movie ticketing service would ever be restored.

Possible Strike Looms At General Motors 2019-09-13 14:48:23The United Auto Workers union and GM will hit a negotiating deadline this weekend, just as the union faces more embarrassing corruption news.

It Takes A Village To Create Sustained Institutional 2019-09-12 10:45:38Strengthening tomorrow through diversity and inclusion starts with us today.

Lyft Updates Safety Policies Amid Sexual Assault Lawsuit 2019-09-10 18:02:38An attorney representing 14 women who say they were assaulted by Lyft drivers called the company's updated policies a "cheap public relations stunt.

Why CEOs Are Failing At Inclusion — & 2019-09-10 08:56:52“You can’t be an ally or advocate unless you’re willing to take action. Even micro-actions can make an impact.”

New York To Investigate Facebook Over Possible Antitrust 2019-09-06 11:23:41The joint probe with several other states will look at how the social media giant's market dominance affects user data, consumer choice and the price

How Amazon Hooked America On Fast Delivery While 2019-09-05 13:20:17Our investigation found Amazon escapes responsibility for its role in deaths and serious injuries even though the company keeps a tight grip on how th

4 Ways To Incorporate Diversity Into Your Workplace 2019-09-05 09:27:04“We have made progress over the last half-century in terms of diversity and inclusion. … But the work is far from done.”

14 Women File Lawsuit Against Lyft After Reporting 2019-09-04 23:34:16At a news conference, one woman recounted a horrific kidnapping and rape that she said took place after she summoned a Lyft ride using its app.

YouTube To Pay $170 Million Fine After Violating 2019-09-04 14:04:18The settlement follows allegations that the video service collected children's personal data without their parents’ consent.

Navigating The Road To Education & Workplace Success 2019-09-03 16:28:13“Even if you make it to college, there’s a real chance you won’t make it to graduation. We need to rethink the systems that result i

Bugatti Chiron Smashes Through 'Inconceivable' Speed Record 2019-09-02 22:52:01The car broke through the 300-mph barrier during a test run last month.

Christian Science Monitor |

Agricultural companies look to enter growing fake-meat market 2019-09-09 14:30:01Traditional agricultural companies are investing in the surging fake meat market, which some predict will triple in size over the next decade.

Volkswagen invests on new electric model. Will consumers 2019-09-09 12:16:38Carbon regulations are pushing EU auto companies to invest in electric vehicles, but so far only customers in wealthy countries are interested.

Why Albertsons says guns and grocery shopping don't 2019-09-09 05:45:46Supermarket operator Albertsons Companies joined Walmart, Kroger, and other retailers asking customers not to openly carry firearms while shopping.

China and industrial theft: What U.S. history says 2019-09-04 16:50:00The U.S.-China trade war ratcheted up Sept. 1 with new tariffs. Lessons from the U.S.’s commercial rivalry with Britain 200 years ago still reso

Capitalism under pressure: Why CEOs rethink corporate purpose 2019-09-03 16:16:00When 181 CEOs at the Business Roundtable’s revised their view of a corporation’s purpose, it reflected social changes since the Great Rece

Why carmakers are revving for regulation 2019-08-27 16:27:33A Trump proposal to scale back fuel efficiency standards has several key automakers siding with environmentalists in California.

The other economic trajectory: Global poverty in decline 2019-08-26 17:15:00Often the media focus on economic challenges, such as inequality and poverty. That’s important, but so is taking note of real progress.

As China trade war escalates, Iowa soybean country 2019-08-23 16:40:10For soybean farmers, weather is “an uncontrollable.” Now President Trump’s fight with China is, too.

Home Page

India expects to gain control over Pak occupied 2019-09-17 13:08:01No need to "worry" beyond a point about what people will say on Kashmir, says External Affairs Minister S Jaishankar.

'Existential issue': India Inc seeks clarity on PM 2019-09-17 13:02:59CII seek exemptions, but environmentalists say govt's move will help battle plastics pollution.

Oil prices drop as Saudi Arabia says will 2019-09-17 12:31:42Attacks on crude-processing facilities at Abqaiq and Khurais resulted in the largest single supply disruption in half a century.

Sensex falls 642 pts, Nifty ends at 10,818 2019-09-17 12:10:23Sensex down 642 points; rupee weakens against dollar; 10-yr bond yield inches up

Cap surge pricing by Uber, Ola at 25 2019-09-17 11:48:52The SJM also demanded that in case of ride cancellation by a taxi-app company or the driver, Rs 100 or an amount equivalent to 20 per cent of the fare

India looking to raise oil imports from Russia 2019-09-17 11:02:01Saudi Arabia is the world's biggest oil exporter, and the second-largest supplier of crude to India after Iraq

Coffee Day inks deal with Blackstone to sell 2019-09-17 10:15:11The company board had recently approved the sale of prime real estate property GV Tech Park as part of efforts to raise funds for paring the debt

Jio continues to lead 4G mobile broadband chart 2019-09-17 09:02:44Airtel followed Jio with an average download speed of 8.2 mbps, and was followed by Vodafone and Idea Cellular in August

Climate change effects to be worse than previous 2019-09-17 08:28:03Across Europe, heat waves will become longer and more intense, while the Arctic will be entirely ice-free during summer in the last two decades of thi

Govt considering another 'booster dose' to revive economy: 2019-09-17 08:01:22Earlier this week, RBI Governor Shaktikanta Das had said the government has taken a number of measures to boost the economy in three phases and indica

Hospitals cheating Ayushman Bharat scheme will be named 2019-09-17 07:45:14The government has found nearly 1,200 cases of fraud and taken action against 338 hospitals, says Harsh Vardhan.

Auto shares skid in trade; Hero MotoCorp, Escorts, 2019-09-17 06:42:55At close, the Nifty Auto index stood at 7,020.75 levels, down 3.83 per cent, as compared to 1.69 per cent decline in Nifty 50 index.

Disclaimer and Notice:WorldProNews.com is not responsible of these news or any information published on this website.