As outlined in our Q1 2025 review, important amendments to BVI company law came into effect as of 2 January 2025, including a requirement to file beneficial ownership information through the VIRRGIN system maintained by the...more
8/18/2025
/ Anti-Money Laundering ,
Beneficial Owner ,
British Virgin Islands ,
BSA/AML ,
BVI Business Companies ,
Corporate Sales Transactions ,
Disclosure Requirements ,
Filing Deadlines ,
Ownership Interest ,
Regulatory Requirements ,
Reporting Requirements
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