2023 Amendments to the BVIBC Act A number of key amendments were made to the BVIBC Act that became effective from January 1, 2023. Below is a recap and discussion of the major items. Key Amendments Annual Financial Return Legislation prior to 2023 required a BVI company to keep records and documents that enabled the […]
December 29, 2020 marks the date by which most companies and limited partnerships registered in the BVI are required to submit their first Economic Substance filing to the BVI International Tax Authority. The Economic Substance (Companies and Limited Partnerships) Act, 2018 (“TheAct”) came into force on 1 January 2019. The Act requires all BVI entities classified […]
The BVI is by far the world’s pre-eminent choice of offshore corporate domicile with well over 1 million companies formed and over 380,000 currently active on the register. On a practical level however, many persons wonder what some of the most popular uses of a BVI Business Company are. Below is a guide which provides […]