Key Changes To BVI Company Legislation

The British Virgin Islands (“BVI”) Government has introduced important amendments to the BVI Business Companies Act, 2004 (As Revised) that are contained in the BVI Business Companies (Amendment) Act, 2024 (the “Amendment Act”). These changes came into force on 2 January 2025 and are designed to ensure that the BVI's financial services sector continues to meet international standards and best practices.

Register of Members

Unless exempt, every BVI company is now required to file a copy of its register of members with the BVI Registrar of Corporate Affairs (“Registrar”). Although such copy of the register of members that is filed with the Registrar will be inspectable by competent authorities and law enforcement agencies in certain circumstances, as well as the relevant company and its registered agent, it will not be generally accessible by the public unless a company opts to make it public. An exemption to file a BVI company's register of members with the