Matthew Cowman

Nov 4, 2024 | mondaq.com | Matthew Cowman

Key takeaways Important changes are being made to the BVI companies law. The changes are expected to come into force in the near future and there will be a 6 months transitional regime for companies to comply with the new requirements. The changes are being made to ensure that the BVI meets evolving international standards and to maintain the reputation of the BVI as a leading offshore finance centre.

May 19, 2023 | jdsupra.com | Matthew Cowman |Mark Cummings |Nicholas G Davies

IntroductionThe BVI Business Companies Act (as amended) (the "Act") introduced the requirement for BVI companies to file an annual return (otherwise known as a financial return) with its registered agent, with effect from 1 January 2023. The BVI Government has now published the BVI Business Companies (Financial Return) Order, 2023 (the "Order") which provides a template form of the annual return and some further guidance for the industry.