Press Releases

Tortola, British Virgin Islands – 15 October, 2012 – The British Virgin Islands Financial Services Commission (the “FSC”) announced today 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.