The British Virgin Islands (the BVI), along with most other major offshore jurisdictions, has introduced “economic substance” requirements for entities carrying on certain specified activities. This economic substance regime...more
9/20/2024
/ British Virgin Islands ,
Code of Conduct ,
Companies Act ,
Deadlines ,
Economic Substance Doctrine ,
EU ,
Holding Companies ,
International Tax Authority ,
Jurisdiction ,
Legal Entities ,
OECD ,
Passive Investments ,
Penalties ,
Tax-Residency Certificate
BVI companies are flexible and low cost vehicles which can be tailored to meet the specific requirements of their members and their proposed purposes while being internationally recognised and listed on exchanges around the...more
With commercial property companies’ debt burdens reaching pre-2008 levels and warnings being issued this month by the European Central Bank, in this article we outline some of the key issues to be considered and steps which...more
Following a meeting of the Council of the European Union on 17 October 2023, the British Virgin Islands (“BVI”) was removed from the EU list of non-cooperative jurisdictions for tax purposes (Annex I), the EU’s so-called...more
BVI companies that were struck off prior to 1 January 2023 were automatically dissolved and ceased to exist after 30 June 2023. Any assets held by such companies have now automatically been vested in the Crown. In order to...more
10/23/2023
/ British Virgin Islands ,
Business Companies Act ,
Business Litigation ,
BVI Business Companies ,
Corporate Dissolution ,
Corporate Governance ,
Corporate Restructuring ,
Dispute Resolution ,
Insolvency ,
Regulatory Reform ,
Restoration Terms
Inflationary pressures and increasing interest rates are expected to continue to have a negative impact on the global economy during 2023. In this article we consider restructuring options under BVI law available to companies...more
2/20/2023
/ Board of Directors ,
British Virgin Islands ,
BVI Business Companies ,
Corporate Governance ,
Corporate Restructuring ,
Creditors ,
Debtors ,
Enforcement ,
Fiduciary Duty ,
Financial Distress ,
Insolvency
Conyers BVI Counsel Rachael Pape discusses the use of BVI entities in cross-border finance transactions, including registration of security, guarantees, conditions precedent and other key considerations applicable to BVI...more
In this edition of our monthly webinar series, BVI Webinar Series: Key Developments Affecting BVI Companies, BVI Counsel Rachael Pape and Nicholas Kuria provide an overview of Economic Substance for BVI Companies, three years...more
In this first in a series of monthly webinars, Partners Robert Briant, Anton Goldstein and Counsel Rachael Pape provide a practical overview of recent changes to company law in the British Virgin Islands and discuss the...more
Following the introduction of the Economic Substance (Companies and Limited Partnerships) Act 2018 ( ES Act) and the passing of the deadline for the first filings thereunder to be made by BVI entities, the BVI International...more
Institutional investors and regulators across the globe are increasingly focusing on environmental, social and governance (ESG) issues in terms of investment portfolio composition, corporate best practices and corporate...more
9/21/2021
/ Asset Management ,
Banking Sector ,
Best Practices ,
British Virgin Islands ,
BVI Business Companies ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Adviser ,
Financial Services Industry ,
Green Bonds ,
Green Finance ,
Investment Funds ,
Investment Portfolios ,
Investors ,
Offshore Companies ,
Regulatory Oversight
The British Virgin Islands is one of the world’s leading international financial centres and is well known for its flexible commercial legislation and English-based legal system.
BVI companies feature prominently in all...more
A quick reference guide to some of the most frequently asked questions arising out of financing transactions involving British Virgin Islands (BVI) companies.
1. Registered agents -
BVI companies are required to...more