To establish if the Bermuda economic substance requirements will apply to any specific entity in respect of each financial year of the entity ("relevant financial period"), please answer the questions in the panel below.

This tool has been developed in response to the Economic Substance Act 2018 (as amended, the "Act") and the Economic Substance Regulations 2018 (the "Regulations"). It is therefore subject to any changes, guidance, the form of annual declaration and any supporting legislation being published.

This tool is only intended to be used as a quick reference guide and not as a substitute for professional advice. For advice on any specific circumstances, please contact a member of our Bermuda economic substance team.