Client Alert Requirement to file registers of directors – further urgent alert As discussed in our Client Alert circulated in February 2016, the BVI Business Companies Act as amended by virtue of the BVI Business Companies (Amendment) Act 2015 and the BVI Business Companies (Amendment Act) 2016 required the filing of registers of directors of…
British Virgin Islands Cayman Islands Nevis London New Zealand Singapore Guide to British Virgin Islands Segregated Portfolio Companies This guide provides an introduction to British Virgin Islands (the “BVI”) Segregated Portfolio Companies which are formed under the BVI Business Companies Act, 2004 (the “Act”), as amended by the BVI Business Companies (Amendment) Act, 2018, the…
let’s stay connected – important update Following the European Union’s General Data Protection Regulation (GDPR) that will come into force on Friday, we are letting you know that your contact details are held in our databases. We value our connection with you, which is why we occasionally use this information to send you legal…
Background – Old Act Under the old Partnership Act 1996 of the British Virgin Islands (“Old Act”) limited partnerships were not a separate legal entity from their partners. Partnership under the Old Act is defined as the relation which subsists between persons carrying on business in common with a view to a profit. In other…
The Limited Partnership Act (the “LP Act”) was approved by the BVI’s House of Assembly in December 2017 though it has yet to be formally Gazetted and brought into force. This eagerly anticipated legislation will provide a modern framework for the formation, operation and termination of BVI limited partnerships. It is expected that the new…
This note provides a general introduction to the British Virgin Islands (“BVI”) beneficial ownership regime that has created a secure, non-public search platform called BOSS (Beneficial Ownership Secure Search System). 1. The legislation On 30th June 2017, the Beneficial Ownership Secure Search System Act, 2017 (the “Law”) came into force (although the deadline for full…