BVI Economic Substance Act: What you need to know
The British Virgin Islands (BVI) introduced economic substance legislation, the Economic Substance (Companies and Limited Partnerships) Act, as amended (the “ESA”), which requires legal entities in the BVI that engage in relevant activities to report and maintain economic substance.
A guide on ICOs and Cryptocurrency in the British Virgin Islands
Initial Coin Offerings (ICOs) have gained momentum as a favoured fundraising method for businesses seeking to secure capital in the form of cryptocurrencies, tokens and virtual assets.
BVI Business Companies Act – 2022 Amendments and Ancillary Matters Update 2
Strike-Off Following our initial memo Important Amendments to the BVI Companies Law (the “Memo”), we take this opportunity to clarify the transitional provisions with respect to companies struck off before 01 January 2023 (“Existing Pre 2023 Struck Off Companies”) and companies struck off after 01 January 2023 (“Post 2023 Struck Off Companies”).
BVI Update: Amendments to the BVI Companies Law 2022
There are various amendments that the BCA Amendment 2022 introduces.