جزر فيرجن البريطانية (جزر فيرجن البريطانية) adopts economic substance requirements applicable from 1 January 2019 (with a six-month transitional period for existing legal entities) if it conducts any of the following “relevant activities”:
- الأعمال المصرفية
- insurance business
- fund management business
- finance and leasing business
- أعمال المقر
- أعمال الشحن
- holding business
- أعمال الملكية الفكرية
- distribution and service centre business.
If the economic substance fail, the BVI non-resident company needs to show that it is resident (and taxed) in another jurisdiction. Companies registered in the BVI are widely used in Hong Kong.