Economic Substance Requirements in Guernsey, Jersey and the Isle of Man

Following our brief update in December 2018 on economic substance legislation in the Crown Dependencies of Guernsey, Jersey and the Isle of Man, we are now able to provide more detailed information on complying with the requirements introduced by this important development.

The new economic substance rules apply to all companies (irrespective of their jurisdiction of incorporation) that are tax resident in a Crown Dependency.

Trident Trust is undertaking an initial economic substance analysis for every company that its Crown Dependency offices provide services to and we will be making recommendations to all companies as to the minimum steps they need to consider to provide a basic readiness to meet the new economic substance rules.

Read our briefing for more information.