The cost-benefit analysis of AEOI initiatives will no doubt be debated for many years to come. When considering the impact on the Caribbean region, however, two issues stand out.

The BVI Government introduced, with effect from 1 January 2019, a new legislation titled the Economic Substance (Companies and Limited Partnerships) Act 2018, requiring certain legal entities to demonstrate ...

In response to the OECD's global Base Erosion and Profit Shifting ("BEPS") initiative and EU Code of Conduct Group substance requirements modelled on BEPS Action 5 ...

The British Virgin Islands (BVI) government has enacted legislation that will require certain BVI entities carrying on specified activities to have ‘adequate substance' in the BVI.

A Double Tax Treaty between Cyprus and Iran will come into effect on 1 January 2018.

Offshore companies, particularly those incorporated in the British Virgin Islands (BVI) or the Cayman Islands, are commonly used as vehicles to purchase and hold UK real estate.

Companies incorporated in the BVI are, by most measures, the most popular offshore holding structure in the world

The British Virgin Islands ("BVI") is home to over 416,000 active companies. This article considers the benefits of using a BVI company in financing transactions.

BVI companies are governed by the BVI Business Companies Act, 2004 (the Act), which has recently been amended by the BVI Business Companies (Amendment) Act, 2015 (the Amendment Act).

Every so often there are historic moments for trust lawyers. One such moment was when Lord Walker handed down the decision of the Privy Council in Schmidt v Rosewood and another was that on which the Cayman Islands’ ‘STAR trusts’ law came into force.

The British Virgin Islands and the Cayman Islands have entered into agreements with the UK for automatic disclosure of information in respect of interests in financial accounts held by UK residents.

Whether one is an avid follower of the financial news or just simply the average individual who skims the printed media, it has been hard to ignore the rhetoric surrounding the global push for tax transparency.

The British Virgin Islands ("BVI") are home to 361,491 active companies as of 31 December 2023. This article considers the reasons for the BVI's popularity as a jurisdiction to structure international transactions.

In response to the requirements of the EU Code of Conduct Group, the British Virgin Islands has enacted new legislation setting out an economic substance test for tax-resident entities.

In this review of taxation and the British Virgin Islands, Conyers Corporate Counsel Nicholas Kuria discusses some of the most commonly misunderstood notions relating to the use of offshore jurisdictions, with a focus on the BVI.

A recent change to the British Virgin Islands ("BVI") Rules on Economic Substance ("ES Rules")1 serves as a reminder of the need to be familiar with the BVI International Tax Authority's...

The Economic Substance (Companies and Limited Partnerships) Act, 2018 (the Act) came into force on 1 January 2019 (with certain retroactive revisions being made shortly thereafter) and ...

This guide is intended to provide an overview of Investment Funds in the British Virgin Islands.

1.1 To what extent is domicile or habitual residence relevant in determining liability to taxation in your jurisdiction?...

This guidance note has been prepared in relation to: (1) the Economic Substance (Companies and Limited Partnerships) Act, 2018; (2) the Economic Substance...