Description
Brief summary:
- The BVI Government has made major amendments to the BVI Business Companies Act to be more in-line with global governance and regulatory requirements and the amendments have taken effect from 1 January 2023.
- Discover how these amendments affect BVI entities going forward
Brief Outline:
1.Legislation timeline
2.Key changes:
- Striking-off and dissolution
- Filing of Annual Financial Return
- Voluntary Liquidators
- Publicly Available Director Names
- Continuation outside the BVI
- Framework for Register of Person with Significant Control
- Abolition of bearer share