Launch of Electronic Certificates of Good Standing - Press Release No. 3 of 2014

Tortola, British Virgin Islands – 4 December, 2014 – The British Virgin Islands Financial Services Commission (FSC) is advising members of the financial services industry and the general public that effective Monday, 8 December, Certificates of Good Standing produced by the Registry of Corporate Affairs will be delivered electronically.  This new process applies to requests for Certificates of Good Standing for both BVI Business Companies and BVI Limited Partnerships.

The FSC views the electronic delivery of Certificates of Good Standing as part of its continuing efforts to improve service efficiency for persons doing business with the jurisdiction. 

With Certificates of Good Standing being delivered electronically, customers locally and internationally, can now transact business in an even timelier manner by requesting that an electronic copy of their certificate is delivered directly to a third-party.  

For the period, 8 December, 2014 to 31 January, 2015, when a request is made for a Certificate of Good Standing, the $25.00 transaction fee will cover the delivery of the electronic certificate and a traditional hard copy of the certificate at no extra charge. 

Electronic Certificates of Good Standing will bear the same security features as traditional hard copy certificates and users may authenticate any Certificate of Good Standing that they are presented with by using the certificate authentication service on the FSC’s website at www.bvifsc.vg. 

Beginning 1 February, 2015, Certificates of Good Standing will be delivered electronically as the default.  Requests for traditional hard copy certificates will be honoured at an additional cost of $25.00 per certificate.

About the British Virgin Islands Financial Services Commission

The BVI Financial Services Commission is an autonomous regulatory agency responsible for the regulation and supervision of financial services conducted in and from within the Territory. 

The Registry of Corporate Affairs is a division within the BVI Financial Services Commission that administers the BVI Business Companies Act.

Any person may request a Certificate of Good Standing from the Registry in respect of BVI Business Companies that meet the criteria outlined in the BVI Business Companies Act.

Persons who do not qualify for access to VIRRGIN (non-Registered Agents and Legal Practitioners) may request a Certificate of Good Standing at the offices of the Registry of Corporate Affairs.

For further information, please contact:

Corporate Communications

BVI Financial Services Commission

Pasea Estate, Tortola, British Virgin Islands

Tel:     (284) 494-4190

Fax:     (284) 494-5016

Email: [email protected]

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