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Economic Substance Declaration

In the blink of an eye, in December, did you submit your annual report on the Economic Substantive Act of 2019 (“ES”)?

Not yet hurry up the time, the deadline is near, hurry to declare Lama!

If not submitted without reasonable grounds, the offense may be extended to the directors of the company and severe penalties will be imposed.

Warm reminder: Companies that no longer operate (struck off) are liable and continue to report economic substance (“ES”) annual reports for seven years until the company is completely dissolved.

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