Harneys Economic Substance Classification Solution now available in multiple languages

Harneys is pleased to announce that its online Economic Substance Classification Solution is available in three languages. In addition to English, the solution has Simplified Chinese and Spanish language capability.

The solution provides a cost effective way for BVI companies and limited partnerships with legal personality to demonstrate formally that they have considered their position under the Economic Substance legislation and produce robust evidence of classification.

Offering a multilingual solution is part of the firm’s commitment to delivering an outstanding and inclusive service to its clients. The automated classification solution offers tailored real-time legal advice, providing clients with a better understanding of the requirements under the new legislation.

Global head of Harneys Regulatory, Philip Graham, commented: “We are pleased to have helped over 5,000 clients fulfill their economic substance requirements via the English language version of the solution. However, given the vast international reach of BVI entities, we are now very excited to be able to expand our offering and help our global clients.”

Find out more about the Economic Substance Classification Solution.