Recent Developments In The Regulatory Laws Of The British Virgin Islands Including Beneficial Ownership, CRS2.0 And FATF Greylisting (Podcast)

BVI companies must file annual returns containing balance sheets and income statements with their registered agents. Companies with a December 31 year-end face a September 30, 2026 deadline, while others must file within nine months of their financial year-end. Conyers offers preparation services starting at $1,500 for simple holding companies and provides secure online filing through their client portal.

The English High Court's decision in Re Sandycombe Development Ltd addresses whether minority shareholders can pursue unfair prejudice petitions when their losses mirror company losses, and whether such petitions can simultaneously seek both personal relief and remedies for the company itself.

When a sole shareholder and director of a BVI company passes away, the absence of a director can lead to significant administrative challenges and delays in estate administration. This article examines practical solutions available under BVI law, including the strategic appointment of reserve directors and the use of trust structures, to ensure business continuity and facilitate the smooth transfer of shares to beneficiaries.

The Compliance Inspection Program will run from March 2026 to February 2027 with a focus on the trust corporate service providers, investment business and virtual assets service providers sectors.

Are you involved in managing or advising a British Virgin Islands ("BVI") company? Understanding the duties owed by directors...

The BVI legitimate interest access ("LIA") system became operational on 1 April 2026.

Thinking of paying dividends from your British Virgin Islands ("BVI") company? Subject to compliance with the applicable statutory solvency test and any restrictions contained in a company's memorandum and articles...

英属维尔京群岛商业公司、有限合伙及当地实益拥有权制度下的其他实体，如未能于2026年3月31日或之前提交实益拥有权资料，将会自2026年4月1日起被英

BVI business companies, limited partnerships, and other entities subject to the BVI beneficial ownership regime that have failed to file their beneficial ownership information by 31 March 2026 will enter penalty status with the BVI Registrar of Corporate Affairs from 1 April 2026

Welcome to the fourth edition of the quarterly BVI Corporate Review for 2025, covering recent developments in the British Virgin Islands.

The Central Bank of Ireland (the “Central Bank”) has published a thematic assessment report (the “Report”) following a review of the implementation of key aspects of the Fitness and Probity regime (the “F&P Regime”) in the MiFID investment firm sector.

A key operational change to CRS is the new requirement for a Cayman Islands Financial Institution (each an “FI”) to appoint a Principal Point of Contact (“PPoC”) that is resident in the Cayman Islands. Where the PPoC of an FI is not currently resident in the Cayman Islands, the FI is required to appoint a Cayman Islands-based PPoC and notify the Department for International Tax Cooperation (“DITC”) by 31 January 2027.

The Cayman Islands has updated its Common Reporting Standard (“CRS”) framework, and most new requirements came into effect from 1 January 2026. This client update provides an overview of the changes and how the Maples Group can assist.

The Cayman Islands and the British Virgin Islands (“BVI”) occupy a leading position in the global investment funds landscape.

Effective as of 1 January 2026, an update to the Common Reporting Standard, or CRS, requires that financial institutions based in the Cayman Islands have a Principal Point of Contact, or “PPOC”, that has a physical presence within the jurisdiction.

On 24 July 2026, China's Ministry of Finance and State Taxation Administration jointly issued the Announcement on Individual Income Tax Matters Relating to Offshore Trusts (《财政部 税务总局关于离岸信托个人所 得税有关事项的公告》) (Announcement No. 21 of 2026) (the "Notice"), together with a companion Announcement of the State Taxation Administration on Collection and Administration Matters Relating to Individual Income Tax on Offshore Trusts...

The legislative framework governing agency workers in Ireland, the Protection of Employees (Temporary Agency Work) Act 2012 (the “2012 Act”) has been in place for almost 15 years but continues to be an area that generates questions...

The Cayman Islands Government has announced 1 the Cayman Islands has submitted an application to the US National Association of Insurance Commissioners (“NAIC”) for Qualified Jurisdiction Status (“QJS”).

The UK Consumer Composite Investments (“CCI”) regime introduces a new disclosure framework for investment products made available to UK retail investors.

CIMA’s new AML and sanctions Rules introduce enhanced compliance requirements for Cayman Islands regulated entities, including private funds and mutual funds. This guide summarises the key obligations, compliance considerations and action items for CIMA registered funds ahead of the 18 September 2026 implementation date.