Economic Substance Declaration Webinars (2020-04-09)

Summary

This notice from the Bermuda Registrar of Companies announces free training webinars ahead of the launch of the new Economic Substance Declaration (ESD) portal on May 1, 2020. It is purely informational, explaining how entities can learn to use the portal and get a refresher on economic substance requirements; it does not itself create new compliance obligations.

• Portal launch: The ESD portal opens on May 1, 2020 for economic substance declaration submissions.
• Webinar content: Sessions demonstrate portal functionality and the ESD submission process, plus a brief reminder of Bermuda's economic substance requirements, scope of entities and relevant activities, and a live Q&A.
• Attendance: Five identical live sessions are offered between April 15 and May 12, 2020; attendees need only join one. An on demand recording will be available from May 1, 2020 for those unable to attend live.

Applies to

Registered entities subject to economic substance requirements in Bermuda

Deadlines

• May 1, 2020: ESD portal launches and on demand webinar recording becomes available
• April 15, 2020: Live webinar Session 1, 1pm-2.30pm Bermuda time
• April 20, 2020: Live webinar Session 2, 1pm-2.30pm Bermuda time
• April 23, 2020: Live webinar Session 3, 2pm-3.30pm Bermuda time
• May 4, 2020: Live webinar Session 4, 1pm-2.30pm Bermuda time
• May 12, 2020: Live webinar Session 5, 11am-12.30pm Bermuda time