We are delighted to confirm that Economic Substance reporting in the BVI is now available via Viewpoint Connect.
Connect uses its advanced Business Process Management (BPM) workflow technology to effortlessly and efficiently guide users through the end-to-end processing from data collation to final submission, either as an individual submission or by using the bulk upload capabilities available via the online BVI BOSS online reporting system.
In addition to the BPM technologies Viewpoint also applies its comprehensive data mastery capabilities by leveraging several of its existing standard features to make the entire Economic Substance (ES) process as straight-forward and efficient as possible – see examples below.
Whether it be a single or thousands of emails, Viewpoint’s correspondence feature offers unparalleled efficiency and accuracy in client communication.
The email template generation can automatically create, add recipients, add attachments, include entity information such as Directors details, Meeting information etc. and automatically send and store all of your Economic Substance or other emails to your clients or any third-party.
Any filing of any type for any jurisdiction including statutory and regulatory filings e.g. VAT, AEOI, Annual Returns, DAC6, Economic Substance, Statutory Forms, Beneficial Owners & Controls etc. can be managed via Viewpoint filings.
Each filing type can have unlimited instances, with each instance reflecting a single filing that has a predefined list of sequential actions to
(i) guide users through the unique filing process for each filing type, and
(ii) to provide full management, control and oversight to the filing process at both the individual entity level and the level global.
One of the key tests of assessing Economic Substance is evidencing that Directors Meetings or the equivalent thereof have taken place. The ES Meetings assessment is comprehensive, and can include the location of the meetings, the frequency of the meetings, the physical attendees, remote attendees and the classification of the meeting discussions regarding to the strategic importance and the relevant activities of the company.
Viewpoint’s Meetings functionality has been available for 10+ years and the features available within Meetings significantly exceed the Economic Substance requirements making it perfect for inclusion in the ES Review.
In addition to the obvious relations such as Directors and other statutory officers ViewPoint can caption any relationship of any type. So it is probably no surprise that satisfying the Managed and Controlled, Employees and Outsourcing Tests, that look at specific persons roles, are easily captured in Viewpoint.
What may be surprising is that Viewpoint can provide much more:
Experience & Qualifications
Relevant Activity Linking