639 results found

On 28 December 2018, the British Virgin Islands published The Economic Substance Act, 2018 which came into effect on 1 January 2019 and was further amended on 30 January 2019 (the "Economic Substance Act").

Our investment funds team outline the latest developments within the investment funds market in the British Virgin Islands...

In this series of articles we consider two of the more common requests we see in terms of fund structuring options: Multi-Class Funds, and Hybrid Funds.

This guide provides a brief overview of the British Virgin Islands (the "BVI") Approved Investment Manager regime1 and its suitability and attractiveness for use with Separately...

BVI entities are frequently the chosen vehicle for investment managers looking to offer investors deal specific private equity...

With effect from 1 December 2022, all BVI entities that fall within the definition of a virtual asset service provider (a "VASP"), as set out in the recently amended BVI Anti-Money Laundering Regulations (the "AML Regulations") and ...

A segregated portfolio company (SPC) or protected cell company (PCC), as it is known in some jurisdictions, is a single legal entity, but the company is made up of individual "protected cells". It has a "core" capital (the ordinary share capital provided by the owners) but in addition each cell has its own capital (usually redeemable preference shares), provided by the client using that cell. Each cell is completely separate from each other but linked to the common core

The object of this memorandum is to provide clients of Walkers with general information on the approval process under the Mutual Funds Act, 1996 (the "Act") (as amended) in relation to an application for a licence to provide management and/or administration services to a mutual fund.

Carey Olsen's Michael Padarin and Daniel Moore explore the key takeaways from the first economic substance (ES) reporting period in the British Virgin Islands (BVI) and give practical pointers...

The British Virgin Islands have launched a new Fintech sandbox to encourage technological innovation in financial services under a lighter touch regulatory regime.

The draft Economic Substance Code has now been published by the ITA and contains rules and guidance from the ITA with regard to the application of the Economic Substance (Companies and Limited Partnerships) Act 2018.

In this guide, we explain how a company that was incorporated or registered in the British Virgin Islands (company) can be restored to the BVI register of companies (register).

The BVI Business Companies Act, 2004 (as amended) (BVIBC Act) is the flagship corporate legislation regulating BVI companies.

The BVI is a preferred international jurisdiction for fintech businesses as it is a well-established investment centre with a comprehensive, commercial virtual assets regime, which provides businesses with legal certainty.

The Securities and Investment Business Act, 2010 (SIBA) was brought into force in the British Virgin Islands (BVI) on May 17, 2010 (other than Part II dealing with the public issue of securities).

Over the last five years, the British Virgin Islands (BVI) has introduced new provisions that will be of particular interest to corporate groups worldwide that contain one or more of the hundreds of thousands of BVI companies in existence.

The British Virgin Islands' inclusion on the EU's anti-money laundering high-risk country list creates specific compliance obligations for BVI funds marketed under AIFMD, while having limited broader impact on BVI vehicles.

Approved investment managers (Approved Managers) are approved by the BVI Financial Services Commission under the Investment Business (Approved Manager) Regulations 2012 (as amended) (the Regulations).