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On 9 September 2022, the British Virgin Islands ("BVI") Government published a draft Virtual Assets Service Providers Act ("VASP Act") for consultation with industry.

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 ...

The new legislation which governs these products is the Securities and Investment Business (Incubator and Approved Funds) Regulations 2015.

On 4 December 2025, the European Commission adopted the Delegated Regulation proposing to include the BVI in the EU AML List...

From 1 January 2026, BVI reporting entities must submit suspicious activity and transaction reports via the AMLive portal, with free FSC training on these new AML requirements available in September and October 2025.

The British Virgin Islands recently introduced new regulations relating to products and services in the innovative fintech space, reaffirming its commitment to remaining ...

The trust has always been regarded as one of the best "succession vehicles," but its use to cater for the succession of shares in companies has historically been impeded by a rule of English trust law (the "prudent man of business rule") which is designed to help preserve the value of trust investments.

The British Virgin Island's reputation as the leading offshore jurisdiction is well earned and it is dedicated to maintaining its status as a jurisdiction which is creditor friendly and commercially flexible.

Hybrid fund finance facilities are emerging in the Asia Pacific market as an increasingly popular product with significant commercial upside for both lenders and fund borrowers alike.

Charissa Ball and Yan Li have recently published the article "Regulation of Virtual Asset Service Providers in the British Virgin Islands, Cayman Islands and Bermuda".

For family offices, high-net-worth individuals (HNWI) and ultra-high-net-worth individuals (UHNWI) considering the purchase of luxury assets (in particular yachts...

We have prepared this BVI Business Companies Act, 2004 Compendium as a service to our clients.

The BVI Business Companies Act (as amended) (the "Act") introduced the requirement for BVI companies to file an annual return (otherwise known as a financial return)...

In the British Virgin Islands, investment funds are regulated by the BVI Financial Services Commission under the BVI Securities and Investment Business Act, 2010 and the Mutual Fund Regulations, 2010.

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 ...

Receivership; a draconian remedy of last resort. However, today, receivers are appointed to address a wide range of legal circumstances. This article summarises some features of the court appointed receiver.

On 15 October 2024, the Governor of the BVI issued the Virgin Islands General Licence No. 7, 2024 (maintenance of economic resources).

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.