There have recently been a number of amendments to BVI company law. While many of these amendments are technical and will not have a material impact on clients, there are some key changes of which clients should be aware...more
2/5/2025
/ Beneficial Owner ,
Business Entities ,
Business Ownership ,
BVI Business Companies ,
Compliance ,
Corporate Governance ,
Duty to Cooperate ,
Filing Requirements ,
Financial Services Committee ,
New Legislation ,
Penalties ,
Regulatory Authority ,
Regulatory Requirements ,
Reporting Requirements ,
Shareholders ,
Trusts ,
UK
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
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