Legislation Changes In The BVI

The BVI government has made several legislative changes recently, including a new company legislation introduced by the BVI Business Companies (Amendment) Acts and enhancement to the BVI's Anti-Money Laundering Code of Practice and Regulations which affects the Eligible Introducer Regime.

The Amendment Acts and Director Filings

The BVI Business Companies (Amendment) Act, 2015 (the "Amendment Act"), which includes new requirements for the filing of director information with the BVI Registry, among other changes, was published on 31 December 2015. The Amendment Act came into force on 15 January 2016, but sections 27 and 28 (relating to the provisions on the Registers of Directors) will come into force on 1 April 2016.