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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.

There have been an increasing number of court applications in the British Virgin Islands (BVI) for the appointment of receivers an as interim remedy to ‘hold the ring' in respect of assets.

To maintain the BVI as a leading offshore financial centre, the jurisdiction has introduced several new pieces of legislation over recent years.

The use of off shore companies in Islamic finance is driven by many of the same factors as in conventional banking, as tax efficiency, bankruptcy-remoteness and privacy are considerations common to most cross-border transactions.

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

The most common corporate structure used for financing the purchase of an aircraft involves the incorporation of a special-purpose vehicle ("SPV") to hold title to the aircraft being financed.

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.

The British Virgin Islands government signed a Model 1B (i.e. non-reciprocal) intergovernmental agreement with the United States.

BVI law imposes a number of on-going obligations on BVI regulated funds. The main continuing obligations for BVI private and professional funds are set out in basic detail below.

Companies often consider "what if" they could transfer to another jurisdiction based on what is currently happening in their jurisdiction, or simply to take advantage of the regime and benefits...

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

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 ...

As we near the end of the year and the introduction of new legislation it's a timely reminder to ensure that, firstly, your company has paid its latest annual BVI Corporate Registry fees (if due)...

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.

This Memorandum summarises some of the key provisions under the BVI Business Companies Act 2004 (the "Act") relating to mergers between BVI Companies.