British Virgin Island Economic Substance Services
                     Presented by 
British Virgin Island Economic Substance Services
Organization for Economic Cooperation European Union List of Non-Cooperative 
and Development Jurisdictions for Tax Purposes
The OECD is an international Around the same time, the European Union 
organization which seeks to build better (EU) developed and published a blacklist of  
policies for better lives.  It aims to shape non-cooperative jurisdictions with the aim of 
policies that foster prosperity, equality, identifying BEPS offenders.  To be removed 
opportunity, and well-being for all. from the blacklist jurisdictions had to 
Membership includes over 135 undergo reform and implement changes to 
countries. their taxation policies. 
British Virgin Islands Economic Substance (Companies and Limited Partnerships) Act 2018
In response to the OECD BEPS action plan and the EU 
List of Non-Cooperative Jurisdictions, the British Virgin 
Islands (BVI) passed the Economic Substance 
(Companies and Limited Partnerships) Act 2018 (ESA) 
which became effective January 1, 2019.  
Under the ESA 'legal entities' carrying on a 
’relevant activity' are required to establish 
economic substance in the BVI. A legal entity is a 
business company or limited partnership with 
legal personality which includes foreign 
companies and foreign limited partnerships that 
are registered in the British Virgin Islands.
Relevant Activities 
Legal entities which carry on any one or more of the following ‘relevant activities’ will be in 
scope and must comply with BVI economic substance requirements: 
 Banking business 
 Distribution and service centre business 
 Financing and leasing business 
 Fund management business 
 Headquarters business 
 Holding business 
 Insurance business 
 Intellectual property business 
 Shipping business
CCP Financial Consultants Limited
CCP Financial Consultants Limited is a BVI based, 
multidisciplinary financial services firm dedicated 
to providing premium financial solutions to 
clients around the world.  It offers Company 
Management, BVI Licenced Insolvency Services, CCP has teamed with leading industry 
BVI Ship Registration, Accounting Services,  BVI professionals to offer a comprehensive 
Voluntary Liquidation Services, Bank Account online BVI Economic Substance 
Opening Service and Economic Substance Assessment Platform which you can use to 
Services.   determine the status of your company as 
it relates to ESA and whether you need to 
comply. 
Contact us
CCP financial consultants limited 
E-mail: [email protected]
Website: ccpbvi.com
Ph. no. +1 (284) 494-6777
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