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. Tovel can assist these entities that wish to further develop their BVI based substance in a variety of ways via tailor made solutions.
Economic
Substance
Our backgrounds and experience allow Tovel to provide solutions that include, but are not limited to provision of directors (who can also act as BVI based employees), accounting/CFO related services and senior manager oversight services of business activities that fall in scope of economic substance. Investment Management, Financing and Holding Company activities are just examples of the types of activities we can assist with in developing a more robust BVI based offering.