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On 13 December 2024, the BVI Financial Services Commission (FSC) notified the industry that the transfer of beneficial ownership information to the FSC's Registry of Corporate Affairs would begin from 2 January 2025.

The British Virgin Islands ("BVI") is one of the leading offshore investment funds jurisdictions, attracting investment managers and investors worldwide. BVI investment fund structures are well known...

The Central Bank of Cyprus (CBC) has announced the establishment of a comprehensive strategy for licensing and supervisory electronic money institutions (EMIs) and payment institutions (PIs).

The BVI is expected to undergo its fourth round of mutual evaluation by the Caribbean Financial Action Task Force (CFATF) in 2018 based on the Financial Action Task Force's (FATF) international standards on combating money laundering and the financing of terrorism and proliferation.

In addition to being the world's leading international finance centre in which to set up companies, the British Virgin Islands (BVI) is now regarded as one of the world's premier trust jurisdictions.

For many investment managers, triggering a suspension clause can be considered an extreme and unwelcome step. Investor opinion and market sentiment can be negatively impacted should a fund trigger a right to suspend.

On 1 July 2026, the British Virgin Islands (“BVI”) Registry struck off and dissolved entities that failed to meet the Beneficial Ownership and statutory register filing requirements due 1 January 2026

On 24 December 2024, the BVI published General Licence No. 8 (2024), allowing payments for reasonable professional legal fees and expenses related to designated persons...

An amendment to the existing BVI CRS legislation has been published which introduces new requirements to the existing CRS regime.

As widely expected, the British Virgin Islands ("BVI") is shortly bringing into force new legislation to implement the Financial Action Task Force's standards on virtual assets and virtual asset...

The first quarter of 2007 has been a very good one for the BVI. On the back of a continued golden period for much of the global economy, the BVI continues to boom. The Financial Times Special Report on the BVI, which was published on 9 March, paid a glowing tribute to the way in which the BVI has continued to develop and position itself.

For decades, the British Virgin Islands (BVI) has been a leading international financial centre that continues to play a unique and neutral role in global finance.

The political and economic rollercoaster ride we've been on here in the UK since the EU referendum in June seems set to continue following Thursday's High Court judgment in London.

The BVI Government has enacted a measure which exempts nationals of the People's Republic of China from the need to apply for a visa to visit the BVI for up to six months for business or tourism purposes.

Appleby has successfully assisted online forex trader, FIBO Group Ltd, in obtaining an investment business licence from the BVI Financial Services Commission to deal and arrange deals in investments under the Securities and Investment Business Act (SIBA).

The BVI Financial Services Commission has introduced new annual return reporting requirements for certain categories of licensees, including trust companies, investment managers/ investment advisors and fund administrators.

Briefing Summary:Our investment funds team outline the latest developments within the investment funds market in the British Virgin Islands, detailing the latest statistics published...

BVI Approved Managers and BVI Approved Funds are required to file an annual return with the BVI Financial Services Commission by 31 January 2025...