Effective 2 January 2025, amendments to the BVI Business Companies Act and Regulations and Beneficial Ownership Regulations came into force. These updates align with CFATF recommendations to enhance BVI’s offshore finance reputation.

Business Companies
Register of Directors & Members: Filing required within 15–30 days; existing companies must comply by 30 June 2025.
Beneficial Ownership: Filing required within 30 days; existing companies must comply by 30 June 2025.
Certificate of Good Standing: Issued only if all filings and fees are up to date.

Fees & Penalties: New filing fees; late filings may lead to penalties or company strike-off (restoration fees up to $5,000).

Limited Partnerships
Registers & Beneficial Ownership: Must be filed within 30 days; existing LPs must comply within 6 months.
Annual Returns: Due within 9 months, with non-filing reported within 30 days.
Compliance & Reporting: LPs must cooperate with authorities and submit reports if required.
Voluntary Liquidator: Must be a BVI resident.
Certificate of Good Standing: Valid for 3 months or until registers are filed.
Penalties: Late filings may lead to penalties or LP strike-off.