How do I meet the Economic Substance requirements in Cayman?
We assess your entity’s activities to determine if they fall within the scope of the Economic Substance Act. Our expert team can then assist with Economic Substance Notifications and, where necessary, Returns. If you’re within scope, we can advise you on and assist with establishing adequate economic substance in the Cayman Islands.
What is considered “adequate substance” under Cayman law?
Adequate substance can include:
- Having a physical office or premises in the Cayman Islands.
- Employing staff in Cayman with the necessary qualifications and experience.
- Incurring operating expenditure locally.
- Being directed from within Cayman, which typically involves holding board meetings with a quorum of directors physically present, maintaining minutes, and keeping key records locally.
- These must be demonstrable as being appropriate to the nature and scale of the relevant business activities.
There are exclusions for fund structures too, so we can help you understand your obligations and design the right structure for your operation.
What you get – and how we’re different
What you need
How we deliver
Why it’s different
Faster launch
Streamlined workflows: typical formation in days, not weeks.
Competitors queue your file; we prioritise it.
Zero hidden costs
Fixed-fee proposals with line-item pricing.
Others bundle extras at month-end; we show every dollar up front.
Less admin drag
A dedicated team to contact for resilience, with one main contact.
Big firms pass you around; we keep it personal.
Lower compliance risk
Early issue spotting and ongoing statutory maintenance.
Many providers only file forms; we monitor the rules.
Peace of mind
Clear and transparent communication throughout the process.
Others go dark or bring unpleasant surprises, or both; we bring neither.
What you get – and how we’re different
What you need
How we deliver
Why it’s different
Confident compliance
Entity classification, notification and return submission.
We interpret local laws clearly and apply a practical lens.
Reduced risk
Tailored guidance on adequate substance requirements.
We balance commercial realities with legal obligations.
Clear accountability
Ongoing advisory and deadline tracking.
We help you meet both the spirit and letter of the law.
Full transparency
Simple explanations and proactive updates.
You stay informed and in control, every step of the way.
No surprises
Early identification of gaps or exposure. Timely notification of reporting deadlines.
We flag issues and reporting deadlines before they become liabilities.
Our core services
Assistance with classification
A comprehensive suite of governance services
Physical office space and equipment
Full or part-time employees
Notification and reporting
Accounting services
Why choose wb.group for Cayman Economic Substance compliance?
Trusted:
Deep knowledge of the Cayman regulatory environment.
Tailored:
Advice built around your specific structure and activities.
Practical:
Workable solutions that meet requirements without disrupting your operations.
Transparent:
We explain the requirements, risks and timelines – without legalese or jargon.
When it comes to economic substance, ticking the boxes isn’t enough. You need to understand what’s required, act early and stay ahead of evolving expectations. That’s where we come in.
Partnering with wb.group means entrusting your Economic Substance obligations to a team that values precision, transparency, and strategic insight. Let us help you navigate the complexities of compliance with confidence.
Key Contacts.
