The Virtual Assets Service Providers Act, 2022 (the “VASP Act”) came into force on 1 February 2023. The VASP Act regulates virtual asset service providers (“VASPs”) and requires that VASPs be registered with the BVI Financial...more
On 2 January 2025, the BVI Business Companies (Amendment) Act, 2024 and the BVI Business Companies and Limited Partnership (Beneficial Ownership) Regulations, 2024 (the “Amendments”) came into effect. The Amendments impact...more
1/23/2025
/ Anti-Money Laundering ,
Beneficial Owner ,
British Virgin Islands ,
Business Companies Act ,
Business Entities ,
Companies Act ,
Compliance ,
Corporate Governance ,
Corporate Transparency Act ,
Disclosure Requirements ,
Exemptions ,
Filing Requirements ,
Limited Partnerships ,
Partnerships ,
Regulatory Requirements ,
Reporting Requirements ,
Transparency
In line with the recommendations arising from the BVI Mutual Evaluation Report and FATF (2024) Recommendation 24, the BVI Financial Services Commission has published a draft of the BVI Business Companies (Amendment) Act, 2024...more
11/7/2024
/ Beneficial Owner ,
British Virgin Islands ,
Business Companies Act ,
BVI Business Companies ,
Compliance ,
Corporate Dissolution ,
Directors ,
Discontinuance ,
Dissolution ,
Filing Requirements ,
Foreign Corporations ,
Proposed Amendments ,
Registration Requirement ,
Restoration Terms ,
Shareholders
In this guide we compare the five types of open-ended funds in the British Virgin Islands (the “BVI”), being private funds, professional funds, public funds, incubator funds and approved funds (this guide does not cover...more
Our investment funds team outline the latest developments within the investment funds market in the British Virgin Islands ("BVI"), including the funds statistics from the British Virgin Islands Financial Services Commission...more