Regulatory Information Request

As the Registered Office provider, we would need to file the Economic Substance Notification to the Cayman Islands Tax Information Authority, also known as the Department for International Tax Cooperation (“DITC”), in accordance with International Tax Co-operation (Economic Substance) Act and Economic Substance Guidance. In order to make these notifications, which covers the Company’s current financial year, or a resubmission of the prior year, we should be grateful if an authorized representative would complete the questionnaire below.

An Economic Substance Notification is required annually in order to file the Company’s Annual Return.

Our intention is to complete future notifications, based upon the information provided this year. Therefore, in future years we will only need you to advise us of any changes that may affect the filings.

If the Company is classified as a relevant entity, carrying on relevant activities, the Company will be required to also submit an Economic Substance Return, which provides additional details on the activities of the Company during its financial year.

This form also captures the “Entity’s Nature of Business”, which is reported to the Registrar of Companies. If your nature of business has not changed since incorporation, please select the same classification that was selected at incorporation.

Incorporation/Registration Number(Required)

Client Name(Required)

Entity's Nature of Business(Required)

CAP Nature of Business Guidances

Entity’s Financial Year Commencement (dd-mm)(Required)

Entity's Financial Year End (dd-mm)(Required)

Economic Substance Notification Year (yyyy)(Required)

Name of Investment Fund

Jurisdiction of Investment Fund

CIMA Type

CIMA Number

Financial Institution

IRS GIIN

Economic Substance Return Requirement:

By virtue of the fact that the Company submitted an Economic Substance Notification confirming that it undertook a Relevant Activity above, an Economic Substance Return will need to be submitted through the DITC Portal by a Director of, or otherwise an authorized person on, the entity. This is due one year from the date of the entity’s financial year end.

Please may you provide the name, contact email and position of the person who you would like to be assigned to complete this submission below:

Contact First Name(Required)

Contact Last Name(Required)

Contact Email(Required)

Contact Position(Required)

Once Highvern Cayman Limited receives this submission, you will be assigned as the Secondary User through the DITC Portal. The person detailed above will receive an “Email Register Notification” email from no-reply@ditc.ky. To activate your ‘User’ account, please follow the instructions contained within the email. If you have not received this email, you may wish to check your spam folder and filters. Once activated, you will be able to complete the required Economic Substance Return, for this, and all future years. Instructions on how to do this are contained within the DITC Portal User Guide.

Please be aware that as a part of this submission the Company will be required to upload financial statements or books of account. It is worth noting that Section 7 of the Cayman Islands International Tax Co-Operation (Economic Substance) Act (“ES Act”) indicates that if the Company fails to provide the required information within the specified timeframe, it could incur a fine of CI$10,000.

Once you have successfully completed the Economic Substance Return, please send me a PDF copy of the submission, together with the financial statements upon which the filings were made, so they may be saved with the Company’s records.

Date Franchise Granted Cayman Islands Government(Required)

Type of License(Required)

"Type of License should be as follows:

If it is a TBL exemption: CIMA license should be used, as it must be licensed with CIMA to qualify for this exemption.

If it is a LLCA: 'CIMA', 'TBL', 'LCCA' or 'None' may be input here.

If it is an NPO: General Registry should be input here."

Licence/Reference/Registration #(Required)

Banking Business i
"Banking Business" has the meaning given to that expression by section 2 of the Banks and Trust Companies Act as amended;
Distribution and Service Centre Business i
"Distribution And Service Centre Business" means the business of either or both of the following - (a) purchasing from an entity in the same Group - (i) component parts or materials for goods; or (ii) goods ready for sale, and reselling such component parts, materials or goods outside the Islands; (b) providing services to an entity in the same Group in connection with the business outside the Islands, but does not include any activity included in any other relevant activity except holding company business;
Financing and Leasing Business i
"Financing And Leasing Business" means the business of providing credit facilities for any kind of consideration to another person but does not include financial leasing of land or an interest in land, banking business, fund management business or insurance business;
Fund Management Business i
"Fund Management Business" means the business of managing securities as set out in paragraph 3 of Schedule 2 to the Securities Investment Business Act as amended carried on by a relevant entity licensed under that Act for an investment fund;
Headquarters Business i
"Headquarters Business" means the business of providing any of the following services to an entity in the same Group - (a) the provision of senior management; (b) the assumption or control of material risk for activities carried out by any of those entities in the same Group; or (c) the provision of substantive advice in connection with the assumption or control of risk referred to in paragraph (b), but does not include banking business, financing and leasing business, fund management business, intellectual property business, holding company business or insurance business;
Holding Company Business i
“Holding company business means “the business of a pure equity holding company�?, that is a company that only holds equity participations in other entities and only earns dividends and capital gains.As part of the functions of a pure equity holding company, activities may include, for example, ownership of a bank account, governance decisions, entering into contractual arrangements with professional or other service providers, and the payment of fees and expenses.�?
Insurance Business i
"Insurance Business" has the meaning given to that expression by section 2 of the Insurance Act, as amended;
Intellectual Property Business i
"Intellectual Property Business" means the business of holding, exploiting or receiving income from intellectual property assets, that is, an intellectual property right including a copyright, design right, patent and trademark;
Shipping Business i
"Shipping Business" means any of the following activities involving the operation of a ship anywhere in the world other than in the territorial waters of the Islands or between the Islands - (a) the business of transporting, by sea, passengers or animals, goods or mail for a charge; (b) the renting or chartering of ships for the purpose described in paragraph (a); (c) the sale of travel tickets and ancillary ticket related services connected with the operation of a ship; (d) the use, maintenance or rental of containers, including trailers and other vehicles or equipment for the transport of containers, used for the transport of anything by sea; or (e) the functioning as a private seafarer recruitment and placement service,

Financial Statements or Books of Account

Please provide financial statements or books of account to your HCL contact. It is a requirement under the Companies Act that Financial Statements/Books of Account are held at the registered office.

Disclaimer

As a director or authorized signatory of the Entity, I hereby authorise Highvern to file the Entity’s Economic Substance Notification with the Tax Information Authority and Nature of Business with the Registrar of Companies, or any other authority as may be required by Act, based on the information provided in this submission. I understand that Highvern will use this information on an ongoing annual basis unless advised otherwise, and I undertake to advise Highvern promptly in the event of any changes to this information. I acknowledge and accept there are sanctions for providing inaccurate information and I confirm that the entity will indemnify Highvern for any liability that may result from the submission of inaccurate information. I also acknowledge Highvern makes the submission without undertaking any investigation or verification of the information provided.

Name(Required)

Date(Required)

Services

Services

Regulatory Information Request