en | hu | ru | bg | ro | tr FacebookTwitterGoogle+LinkedInYouTubeInstagram
+ 357-24-636-919
+ 44-20-7556-0900

Sign up for a free consultation
Subscribe to our newsletter
Request a return call
Downloadable brochures
Request a brochure
5 Minutes Offshore
How to order a company from LAVECO Ltd
Latest news
Currency exchange rates: USD/1 unit
HUF 0.004
GBP 1.3963
CHF 1.0589
RUB 0.0176
HKD 0.1276
JPY 0.0094
CNY 0.1582
CAD 0.779
AUD 0.7893
BRL 0.3084
EUR 1.2378

Important Information

BVI Business Companies Act receives update through new Amendments and Regulations


The British Virgin Islands Financial Services Commission (the "FSC") announced that the BVI Business Companies (Amendment) Act, 2012 (the "Amendment Act") and the BVI Business Companies Regulations 2012, both took effect on 15 October, 2012.

Both the Act and the new regulations are aimed at streamlining, clarifying and improving the administration of the affairs of BVI Business Companies. Since its original enactment in 2004, the original BVI Business Companies Act had not been the subject of a comprehensive review.

BVI Business Companies (Amendment) Act 2012 has a total of 85 new and amended provisions including new definitions designed to make the act easier to understand and interpret.

BVI Business Companies Regulations, 2012 have been developed to complement the implementation of some of the provisions of the Act. The Regulations have a total of 29 new provisions and three new Schedules.



Related jurisdictions:
British Virgin Islands