Mobile Menu

BVI ECONOMIC SUBSTANCE & BOSS ACTS

BVI Economic Substance Act 2018 & Beneficial Ownership Secure Search System Act 2017

Updated March 2020 | Consolidated Acts

BVI Economic Substance (Companies and Limited Partnerships) Act 2018, Beneficial Ownership Secure Search System Act, 2017 and Related Rules and Regulations

BVI Economic Substance & BOSS Acts - Cover Image

The BVI Economic Substance and BOSS Acts contains consolidated versions of the Economic Substance (Companies and Limited Partnerships) Act, 2018, the Beneficial Ownership Secure Search System Act, 2017 and related rules and regulations.

The most recent legislative update includes:

  • the Economic Substance (Companies and Limited Partnerships) (Intellectual Property Business Requirements) Regulations, 2020.
  • the Beneficial Ownership Secure Search System (Time Limit for Prescribed Information Regulations, 2020 and both are deemed to have come into force 1 October 2019.

Other legislative updates include:

  • the Beneficial Ownership Secure Search System (Time Limit for Filing Prescribed Information) Regulations, 2019, deemed to have come into force 1 October 2019.
  • amendments made by the Beneficial Ownership Secure Search System (Amendment) (No. 3) Act, 2019 in force 31 October 2019.

This compendium is intended for informational purposes only. While every effort has been made to ensure the accuracy of the legislation and related material, and it is believed that the only errors are those contained in the official legislation itself (which errors have been faithfully reproduced), no responsibility is assumed for the content. Reference should be made to the official versions of the legislation for an authoritative statement of the law and any subsequent amendments. Nothing in this compendium is to be considered as creating an attorney-client relationship or indeed any contractual relationship or as rendering legal or professional advice for any specific matter. Readers are responsible for obtaining such advice from their own legal counsel. No client or reader should act or refrain from acting on the basis of any content within this document without first obtaining matter-specific legal and/or professional advice. Conyers accepts no responsibility for any loss or damage, howsoever incurred, which may result from accessing or reliance on this content.

Conyers Dill & Pearman
British Virgin Islands

March 2020

 

DOWNLOAD THE ACT HERE

Accolades
_

"They are incredibly responsive, and their advice is clear, concise and accessible. They are very commercial and give us succinct answers to questions."
- Chambers Global