CNETLY is Caribbean Connected
Many Caribbean business entities are required to comply with the Economic Substance requirements and to demonstrate good corporate governance.
Worldwide, many jurisdictions—including Belize, British Virgin Islands, Cayman Islands, Guernsey, Barbados, Bermuda, and Cayman Islands—have amended their economic substance legislative requirements and follow new business and tax regulatory requirements in response to the European Union’s Economic Substance legislation.
These requirements have been set up by institutions like the Financial Action Task Force (FATF) and the Organization for Economic Cooperation and Development (OECD). Complying with these requirements means your entity will be internationally recognized as a compliant jurisdiction.
As a result, all business entities in these jurisdictions need to understand their obligations, become compliant, and demonstrate and report economic substance.
CNETLY can work with your business entity in the Caribbean and has long-standing business connections throughout the Caribbean and with the Caribbean regulatory agencies. Plus we are affiliated with an accredited compliance company, Compliance-U, to handle your due diligence requirements.