Economic Substance


Cayman Islands investment management companies are subject to the Economic Substance Law (ES Law). The ES Law requires that a “relevant entity” conducting a “relevant activity” is to have adequate economic substance in the Cayman Islands as it relates to its Core Income Generating Activities (“CIGA”).

CIGA is defined as follows:

These four criteria are not prescriptive, but rather it will be the responsibility of each entity to determine its own CIGA and to ensure that these activities are performed in the Cayman Islands. 

Danesmead has experienced professionals that can perform CIGA activities from the Cayman Islands.

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