Bell Rock glossary
Relevant Activity
One of the defined categories of business that triggers the economic substance test for a relevant entity.
A relevant activity is one of the defined categories of business that triggers the economic substance test; including fund management business, financing and leasing business, headquarters business, holding company business, intellectual property business, distribution and service-centre business, banking, insurance and shipping. A relevant entity carrying on a relevant activity must demonstrate adequate substance in Cayman for that activity and report accordingly. Identifying which, if any, relevant activities apply is central to compliance.
Related guidance
Economic Substance Return · Economic Substance Notification
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