The British Virgin Islands ("BVI") is one of the leading offshore funds domiciles, attracting both investment funds and investment managers.

The object of this memorandum is to provide clients of Walkers with general information on the approval process under the Mutual Funds Act, 1996 (the "Act") in relation to an application for a restricted manager's license to provide management or administration services to a mutual fund.

As a regulated entity, the statutory considerations relevant to the solvent liquidation of a fund domiciled and regulated in the British Virgin Islands (“BVI”) are, as might be expected, more stringent than those applying to unregulated entities domiciled in the BVI.

The British Virgin Islands is often chosen as a jurisdiction for investment managers to set up their fund vehicles.

The British Virgin Islands (BVI) has long been a significant player in the Asian market. In 2025, the BVI continues to evolve, driven by regulatory changes, new opportunities for funds, its growing role as a hub...

The British Virgin Islands is advancing its position in the digital assets space through the implementation of CRS 2.0 and progress towards CARF, while single-asset, closed-ended vehicles are gaining traction for tokenised funds and blockchain projects. These regulatory developments and structural innovations are reshaping how crypto assets and real world asset tokenisation projects can be efficiently structured in this jurisdiction.

While the Cayman Islands has forged a deserved reputation as the leading offshore jurisdiction for investment funds, in recent years the British Virgin Islands (BVI) has gained increasing popularity...

The Government of the British Virgin Islands ("BVI") has published a Guide outlining how the European Union Savings Tax Directive ("EUSD") is to be implemented in the Territory. More comprehensive guidelines are expected to be issued in due course.

The British Virgin Islands (BVI) has introduced a new regulatory regime for the recognition of private investment funds.

Who would want to be a start-up hedge fund manager? Simon Schilder, partner at Ogier in Jersey, and TEAM BVI UK member with BVI Finance, examines the challenges facing the next generation…

It has been almost a year since the Alternative Investment Fund Managers Directive was due to be implemented by the member states of the European Union.

After much anticipation, the Securities and Investment Business Act, 2010 ("SIBA") came into force in the British Virgin Islands ("BVI") on 17 May 2010.

Your usual Maples Group contact will be able to assist you in making these determinations.

The new fund categories have proved popular with many new managers and, thanks to their growing asset bases, many of these managers are now reaching the threshold limits for conversion.

The Investment Business (Approved Managers) Regulations, 2012 provides an attractive "regulatory light" option for qualifying investment managers and advisors.

In 2005, Goldman Sachs named Iran as a member of the "Next Eleven", a country with the potential of becoming one of the world's largest economies in the 21st Century.

The British Virgin Islands investment funds sector demonstrates continued resilience with sustained growth in Approved Funds and Private Investment Funds, while the Approved Investment Manager regime maintains strong momentum with 1,337 active managers as of Q1 2026.

With a strong desire to attract start up hedge funds and their managers, the BVI Financial Services Commission has introduced new regulations to significantly ease the process to establish incubator funds and approved funds.

Succession planning for offshore incorporations, particularly those where companies are controlled by one individual, needs careful consideration.

The Securities and Investment Business (Amendment) Act, 2019, which came into effect on 31 December 2019...