Nov 14, 2022 | Legal Guide, Legal Updates, News, News & Analysis
The Government of the Virgin Islands has issued a statement to the maritime industry indicating that the measure introduced in 2021 to require foreign based commercial recreational vessels conducting charter business in the British Virgin Islands to obtain yacht...
Apr 12, 2022 | Legal Guide, Legal Updates, News, News & Analysis
Introduction There is now an updated version of this guidance. Click here for the March 2023 legal guide on the Stamp Duty exemption for first-time belonger home buyers. The Stamps (Amendment) Act 2022 (the Act) is now in force, having been granted assent by the...
Oct 5, 2021 | Legal Guide, Legal Updates, News, News & Analysis
Overview On 15 July 2021, the Labour Tribunal (the Tribunal) made four awards against employers relating to complaints made by employees pursuant to the Labour Code, 2010 (the Code) that they had been unfairly dismissed (the Awards). The term “unfair dismissal” refers...
Jul 20, 2021 | Legal Guide, Legal Updates, News, News & Analysis
The British Virgin Islands (BVI) has introduced further changes to the economic substance (ES) regime by way of amendments to the Economic Substance (Companies and Limited Partnerships) Act, 2018 (the Act). The amendments are introduced by the Economic Substance...
Jun 24, 2021 | Legal Guide, Legal Updates, News, News & Analysis
The Probates (Resealing) Act, 2021 (the Act) was Gazetted on 22 June 2021 and took effect from 9 July 2021. Background The Act repeals and replaces the Probates (Resealing) Act (Cap. 60) (the Original Act), which was enacted in 1937. The purpose of the Original...
Mar 19, 2021 | Legal Guide, Legal Updates, News, News & Analysis
Introduction Except where a specific exemption applies, an entity holding a BVI financial services licence (each a licensee) is required under the Financial Services Commission Act 2001 (the Act) to appoint an individual approved by the Financial Services Commission...
