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BVI ECONOMIC SUBSTANCE & BOSS ACTS

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

Updated November 2019 | 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:

  • amendments made by the Beneficial Ownership Secure Search System (Amendment) (No. 3) Act, 2019 in force 31 October 2019.
  • amendments made by the Beneficial Ownership Secure Search System (Amendment) (No. 2) Act, 2019, amendments made by section 5 in force 26 September 2019.
  • amendments made by sections 2, 3, 4 and 6, in force 1 October 2019 (the day on which section 16 of the Economic Substance (Companies and Limited Partnerships) Act, 2018 was brought into force).

Other legislative updates include:

  • the Beneficial Ownership Secure Search System (Amendment) Act, 2019, in force 1 January 2019 (these amendments had retrospective effect).
  • amendments to Regulation 2 of the Beneficial Ownership Secure Search System (Fees) Regulations, 2019, made by the Beneficial Ownership Secure Search System (Fees) (Amendment) (No. 2) Regulations, 2019, in force 27 June 2019.

While every effort has been made to ensure its accuracy, and it is believed that the only errors in this reprint are those contained in the statutes themselves (which errors have been faithfully reproduced), no responsibility is assumed for the content and reference is made to the original for an authoritative statement of the law.

Conyers Dill & Pearman
British Virgin Islands

November 2019

 

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