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The British Virgin Islands ("BVI") International Tax Authority ("ITA") has issued a set of guidance notes (the "CRS Guidance Notes") to assist in the interpretation of the OECD's Standard for Automatic Exchange of Financial Information in Tax Matters ...

The BVI Securities and Investment Business Act contains a consolidated version of the British Virgin Islands Securities and Investment Business Act, 2010 as amended.

Note in particular that penalties frequently apply for late filings and so the registered office should be informed promptly of any notifiable changes to allow the appropriate filing/s to be made.

In two recent decisions from the BVI, the Eastern Caribbean Court of Appeal has provided useful clarity on the application and scope of the Duomatic principle.

With commercial property companies' debt burdens reaching pre-2008 levels and warnings being issued this month by the European Central Bank....

From time to time economic or legislative changes within a jurisdiction may cause the directors of a company to re-assess whether the company's domicile should not be changed.

The BVI is an increasingly popular arbitral seat supported by a modern pro-arbitration legal framework, modern arbitration facilities, and a world-class arbitration institution of its own in the...

In addition to their existing record keeping obligations, BVI companies will be required to provide certain financial information, in the form of an annual return, to their Registered Agent.

The ESA also amends the BVI's Beneficial Ownership Secure Search System Act, 2017 ("BOSS Act") to add to the existing requirements such that a legal entity and its Registered Agent

In a recent decision, the United Kingdom Supreme Court clarified the duty of directors of insolvent or near insolvent companies to consider the interests of creditors.

Welcome to the second edition of our quarterly Corporate Review for 2025 covering recent developments in the British Virgin Islands.

Welcome to the Conyers BVI Corporate Review for Q3 2024. In this edition we cover the upcoming annual return filing deadlines for BVI companies...

Derivative claims are an essential tool in corporate governance, offering minority shareholders a mechanism to enforce a company's rights when those in control fail to do so.

The BVI Business Companies Act 2004 created a statutory set of duties, which apply to any director of a BVI company.

One of the key roles of BVI vehicles in international finance transactions is the provision of security (either BVI entities granting security over their own assets or security being granted over...

Legislative amendments to the British Virgin Islands ("BVI") trust legislation took effect on 9 July 2021 under the Trustee (Amendment) Act, 2021.

Where there is a strong case of fraud, a claimant will often be concerned that the fraudsters will dissipate their assets quickly if they know that the claimant has identified the BVI company as involved.