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Over the last six months we have seen that the BVI Financial Services Commission has become increasingly strict with payment and filing deadline contraventions and we are expecting to see administrative penalties levied.

In an article published in Insights last year,1 selected developments in regulatory and tax-related law and practice that affect end-clients, advisors and intermediaries were surveyed in the British Virgin Islands ("B.V.I.").

The Approved Fund Manager regime in the British Virgin Islands, which has been in force since 2012, has found tremendous success with fund managers, globally.

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 ...

The issue of economic substance is not a new one. More and more, modern companies coupled with new technology and trading practices challenge the notion of "economic substance" for value creation in the traditional sense ...

Few areas of finance are developing faster than crypto-assets, a category that includes cryptocurrencies, securities tokens and utility tokens, whose common feature is use of distributed ledger technology (DLT).

The British Virgin Islands continues to be a jurisdiction of choice for corporate vehicles entering into secured finance transactions, and remains a markedly creditor-friendly jurisdiction.

The BVI has enacted legislation which allows for the implementation of its commitments under the Model 1B intergovernmental agreements with the United States and with the United Kingdom.

The principles under the BVI CRS Legislation are very similar to FATCA and the BVI US and UK FATCA legislation (collectively "FATCA"), although there are some important distinctions.

This country-specific Q&A provides an overview to restructuring & insolvency laws and regulations that may occur in the British Virgin Islands.

The object of this memorandum is to provide clients of Walkers with information on the formation and operation of an international limited partnership in the British Virgin Islands.

Partners Lucy Frew and Sara Hall, along with senior counsel, Iona Wright pen the BVI chapter for Global Legal Insights Fintech 2023.

A sometimes overlooked, yet critical, aspect of a British Virgin Islands (BVI) company is the role of its registered agent.

A summary of the relevant timelines and an outline of other important changes under the Amendment Code are outlined in this update.

Pursuant to the Securities and Investment Business Act, 2010 and the Mutual Funds Regulations, 2010, all BVI private, professional and public funds and all BVI investment business licence holders...

The CRS is the global standard developed by the OECD for the automatic exchange of financial account information between participating jurisdictions for tax purposes.

The resurgence of special purpose acquisition companies (SPACs) as an alternative to traditional IPOs was one of the major talking points of 2020.