Continuing Obligations For BVI Private And Professional Funds

BVI law imposes a number of on-going obligations on BVI regulated funds. The main continuing obligations for BVI private and professional funds are set out in basic detail below.

1. Authorised Representative, registered agent and registered office

A BVI private or professional fund must at all time have a BVI registered agent and registered office. It must also have an authorised representative, who is certified to act as an authorised representative by the BVI Financial Services Commission (the FSC). It is also required to notify the FSC if it appoints an authorised representative or its authorised representative ceases to hold office for any reason, as follows:

2. Annual Fees