Economic Substance
Economic substance legislation is coming into force in a number of jurisdictions that offer advantageous tax regimes. These jurisdictions are required to have demonstrable operations that support their presence in the jurisdiction.
ZEDRA offer in many international financial centres add-on services ensuring that the company’s fiscal residency is robust, properly established and managed.
Our Substance services include fundamentally (but not limited to):
- Local resident directors
- Rent of dedicated office-space with own phone / internet line (effectively used and generating charges)
- Payroll services
- Bank account opening with local based bank
- Powers / authority over bank account with local directors
- Execution of documents and abroad payments instructed from local substance office
- Storage of physical files and original documents at registered office
- Bookkeeping / accounting and tax compliance services