In this legal update we examine the changes to the economic substance regime introduced by the Economic Substance (Companies and Limited Partnerships) (Amendment) Act, 2021.
In this legal guide we examine the obligation to prepare and submit an annual Compliance Officer’s report in compliance with the Regulatory Code 2009.
In this legal update we examine the BVI Government’s proposals for the introduction of a new business licensing and investment regime.
In this guide, we examine the requirement for businesses in the British Virgin Islands selling alcoholic drinks to hold the required liquor licence.
In this guide, we examine property tax in the British Virgin Islands, including which types of property are subject to it, how it is calculated and when it is payable.
In this guide, we examine the scope of The Stamp (Amendment) Act 2020 and how Belonger purchasers may benefit from the stamp duty exemption granted in respect of Instruments effecting both the sale and the transfer of BVI property.
The Financial Services (Continuity of Business) Act, 2020 (the Act) came into force on 28 March 2020. It was enacted to provide for special measures to support the continuity of financial services business either from within or temporarily outside the Virgin Islands in an “exceptional circumstance”.
Private investment funds (PIFs) currently operating in the Virgin Islands must apply to the Financial Services Commission for recognition by 1 July 2020. In this guide, we outline the key steps to consider when preparing your entity’s application for recognition as a PIF.