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...
Feb 11, 2021 | Legal Guide, Legal Updates, News, News & Analysis
Introduction The Government has for some time been engaged in a consultation and review exercise concerning business licensing and matters relating to the encouragement and regulation of investment in the British Virgin Islands (BVI). Draft legislation reflecting the...
Nov 6, 2020 | Legal Guide, Legal Updates, News, News & Analysis
Introduction The BVI is scheduled to reopen to international visitors on 1 December 2020. With just under a month to go, business owners getting ready to reopen should check they have all necessary licences and permissions in place to allow them to operate. This is...
