Apr 27, 2023 | Legal Updates
On 13 April 2023, the British Virgin Islands (BVI) issued General Licence [No.03], 2023 (the General Licence) under: Regulation 64 of The Russia (Sanctions) (EU Exit) Regulations 2019 (as amended) as extended to the British Virgin Islands (with modifications) by The...
Apr 3, 2023 | Legal Guide, Legal Updates, News, News & Analysis
Introduction The Stamps (Amendment) Act 2023 (the Act) is now in force, having been granted assent by the Governor on 20 March 2023 and extends the stamp duty exemption available to Belongers who are first time property owners until 20 March 2024. Download a PDF of...
Dec 28, 2022 | Legal Guide, Legal Updates, News, News & Analysis
Overview of BVI Business Companies (Amendment) Act 2022 The BVI Business Companies (Amendment) Act, 2022 (the Amendment Act) comes into force on 1 January 2023 (the effective date). The Amendment Act makes significant changes to the existing BVI Business Companies Act...
Dec 16, 2022 | Legal Guide, Legal Updates, News, News & Analysis
In a decision handed down on 22 November 2022, the Court of Justice of the European Union (the ECJ) invalidated a provision of the 5th Anti-Money Laundering Directive (the 5AMLD) which required EU Member States to ensure that information on beneficial ownership of EU...
Nov 23, 2022 | Legal Guide, Legal Updates, News, News & Analysis
The OECD’s Global Forum on Transparency and the Exchange of Information for Tax Purposes (the Global Forum) published the ‘Peer Review of the Automatic Exchange of Financial Account Information 2022’ on 9 November 2022. The full publication is accessible HERE....
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...
