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This article provides a reminder of the impending deadlines and action that is required for those BVI entities that are classified as "Foreign Financial Institutions" for the purposes of FATCA.

The Republic of Cyprus issued its latest decree pertaining to the relaxation of restrictive measures on 20 September.

Pursuant to section 45(1)(b)(ii) of the Regulatory Code, Licensees are required to submit an annual compliance report to the Financial Services Commission (the "Commission") in the prescribed form.

SIBA and the Investment Business (Approved Managers) Regulations, 2012 set out a number of ongoing administrative requirements with which regulated entities in the British Virgin Islands must comply.

As a result of the BVI Business Companies (Amendment) Act, 2024 and the BVI Business Companies and Limited Partnership (Beneficial Ownership) Regulations, 2024, all companies incorporated...

The BVI Business Companies Act 2004 (the "Business Companies Act") imposes continuing obligations on all business companies. The main requirements of the Business Companies Act are summarised below.

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 Islands ("BVI") has long been a world renowned international financial centre, with more than 380,000 active companies registered there.

The British Virgin Islands is offering two new fund formats, designed to provide a cost--‐effective and efficient platform for investment managers who are new to international fundraisings...

Throughout 2020, the British Virgin Islands (BVI) has remained one of the most significant offshore jurisdictions. According to the BVI Financial Services Commission (FSC) latest annual report...

Regulators globally are wrestling with tough questions as to how virtual assets should be regulated. The last year has seen significant volatility in the prices of major cryptocurrencies.

Pursuant to section 45(1)(b)(ii) of the Regulatory Code, Licensees are required to submit an annual compliance report to the Financial Services Commission (the "Commission") in the prescribed form.

The British Virgin Islands ("BVI") Virtual Assets Service Providers Act, 2022 ("VASP Act") came into force on 1 February 2023 and provides a registration regime for virtual asset service providers.

the British Virgin Islands Financial Services Commission (the FSC) has introduced two new funds products...

The BVI is one of the most popular offshore jurisdictions for investment funds.

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 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 ...

The issue of beneficial ownership information for legal entities, and particularly whether such information should be publicly available and freely accessible has been a major...