Ongoing Compliance
Offshore compliance is not a one-time task — annual filings, substance requirements, and international reporting standards evolve every year, and lapses can unravel a structure that took months to build.
The introduction of the Common Reporting Standard (CRS) and FATCA reporting requirements means that the era of confidential offshore structures is legally and practically over. Today, a well-functioning offshore structure is one that is fully reported, fully understood by its owner, and properly maintained in every jurisdiction where it has obligations. Vividcdelta's compliance service manages the annual obligations of your offshore entities: economic substance filings in BVI or Cayman, annual returns and registered agent renewals in Mauritius, director resolutions and accounting records for UAE free zone entities, and CRS self-certification updates for your banking relationships. We also monitor for regulatory changes in your jurisdictions and alert you to anything that requires action — before a deadline, not after.
The obligations below apply to the most common offshore structures we manage for East African clients.
Every offshore entity must file an annual return and renew its registered agent and registered office annually. Missing these filings results in automatic strike-off in most jurisdictions, and reinstating a struck-off company can cost ten times more than the original renewal fee.
BVI, Cayman, Bermuda, and several other jurisdictions now require entities in certain sectors to demonstrate economic substance — real activity, local management decisions, or qualified local staff. We prepare the annual substance declaration and advise you on how to meet the threshold.
As a Kenyan resident with offshore accounts and entities, you have self-certification and disclosure obligations under CRS and, where US persons are involved, FATCA. We prepare and file these certifications annually and review your banking relationships to ensure nothing is misclassified.
Offshore tax law changes faster than almost any other legal field. We subscribe to regulatory update services across all jurisdictions we operate in and send you a plain-language summary of any change that affects your structure — typically within 48 hours of publication.
“I thought I was fully compliant until Vividcdelta ran an audit on my BVI company and found that my economic substance declaration had never been filed — a requirement that came in after I'd set up the structure. They filed it retroactively and I avoided a penalty that would have been significant. I've been on their compliance retainer ever since.”
Grace Njeri, Mombasa, Property Developer
Ask about our annual compliance retainer — a flat annual fee that covers all routine filings, alerts, and compliance reviews for your offshore structure.
Ask About Our Retainer