The BVI Business Companies (Amendment) Act, 2024 (Amendment Act) was published in the BVI Gazette on 26 September 2024 but has not yet come into force.
There are several amendments made to the Amendment Act that introduce additional obligations and filing requirements, which further enhance the jurisdiction’s ability to strengthen the BVI’s reputation for transparency and adherence to international best practices.
In this news flash, we outline the highlights of certain key amendments.