Articles

BVI companies are known globally for their ease of use and flexibility. They form a major part of many international transactions and are regularly used as holding companies.

The BVI Business Companies 2004 (as amended) (the “Act”) came into force on 1 January 2005 and after a two year transition period it completely replaced the International Business Companies Act, 1984 (the “IBC Act”) on 1 January 2007.

The primary legislation in the British Virgin Islands (“BVI”) which regulates the investment funds industry is the Mutual Funds Act, 1996 (the “Act”).

Under BVI law, the assets of a deceased person situate in the BVI can only be dealt with by a person authorised to do so under BVI law.

The Securities and Investment Business Act, 2010 (“SIBA”) and the accompanying Mutual Funds Regulations, 2010 came into effect on May 17, 2010 and have replaced the Mutual Funds Act, 1996.

Companies often consider “what if” they could transfer to another jurisdiction based on what is currently happening in their current jurisdiction or simply to take advantage of developments within another jurisdiction.

Whether you’re interested in luxury or mid-income properties, raw land or a move-in ready home, the British Virgin Islands, a favourite of both sailors and stars alike, might be the perfect destination for a practical yet priceless property investment.

The recently enacted Securities and Investment Business Act, 2010 (“SIBA”) of the British Virgin Islands (“BVI”) will come into effect on 17 May 2010. The primary objectives of SIBA are to: regulate persons carrying on “investment business” in or from…

It has been almost two years since the Securities and Investment Business Act, 2010 (‘SIBA’) in the British Virgin Islands (‘BVI’) was established – coming into effect on May 17th 2010.