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Offshore jurisdictions introduce strict requirements for tax residents

Due to pressing demands from the EU, **well-known offshore jurisdictions will legally require tax residents to open physical offices and hire employees within their territories**. Tax residents of popular offshore jurisdictions such as the Cayman Islands, Bermuda, the Isle of Man, Guernsey and Jersey will be required to open "real" offices and hire employees starting from 2019. Earlier this year,...

Path: Blog