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BVI companies are commonly incorporated without a specific termination period. However, once they have served their useful business purpose their owners must consider the best way of terminating the entity.

On 9 July 2021, a number of important pieces of legislation were brought into force in the BVI on the same day. Those enactments have made significant changes to the law in their respective areas,...

Further to our update of 15 December 20151, the BVI Business Companies Act 2004 and the BVI Business Companies Regulations 2012 have been amended by the BVI Business Companies (Amendment) Act 2015 and the BVI Business Companies (Amendment) Regulations 2015.

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.

Every company, which is required to file an annual return, must submit to its Registered Agent a return in the form, and containing the information specified in the Schedule to the Order.

In a decision of Justice Jack published on 3 March 2021 the BVI Commercial Court reinforced its reputation by demonstrating its ability to act effectively to protect the interests of US investors in BVI companies.

The British Virgin Islands is a well-established jurisdiction of choice for international businesses, and has long provided innovative legal structures for cross border trading and investment activity.

This week, the BVI Commercial Court (the "Court") has handed down judgment in Briefline Assets Ltd v Nikolay Falin and Anor, where the Honourable Mr Justice Jack has clarified how the Court will interpret...

The end of the year is on the horizon and with it come the usual administrative preparations for those Companies that have reached the end of their life cycle and wish to voluntarily liquidate.

Effective 1 January 2023, all companies incorporated or registered in the BVI ("Companies") are required to file a financial return (an "Annual Return") with their Registered Agent each year.

The BVI government shows ongoing commitment in maintaining the jurisdictions' competitiveness by staying compliant with international transparency standards.

On 24-25 October 2023, Justice Wallbank of the BVI Commercial Court presided over a valuation trial in the matter of Soemarli Lie v Ng Min Hong & Success Overseas Finance Limited...

The end of 2015 marked 20 years in the legal profession for me. During those two decades the legal landscape has changed dramatically owing to both technological advancement and commercial factors.

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

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...

The Economic Substance (Companies and Limited Partnerships) Act, 2018 (the "Act") was passed on 1 January 2019, introducing economic substance requirements...

When planning a restructuring that involves a merger where at least one of the merging entities is a BVI company, that is regulated by the BVIFSC, there are some specific and unwritten procedures...

From 1 January 2023, the Registrar shall make available, upon request, the names of incumbent directors of any BVI company.