BVI removed from EU list of non-cooperative jurisdictions

BVI removed from EU list of non-cooperative jurisdictions

The British Virgin Islands (BVI) has been removed from the European Union (EU) list of non-cooperative jurisdictions for tax purposes on October 17th, 2023. The EU press release states: “British Virgin Islands was removed from the EU list of non-cooperative jurisdiction as it has amended its framework on the exchange of information on request (criterion 1.2) […]

BVI Annual Financial Return for Companies

The BVI Business Companies (Financial Return) Order, 2023 “the Order” has been published in the BVI Gazette and is deemed to have come into force as of January 1st, 2023. This means that every BVI company will be required to file an annual return with its BVI registered agent every year in the form, and […]

BVI | Advantages and economic substance requirements for 2024

BVI economic substance requirements

BVI economic substance requirements | Knowing the interests of our clients and friends and the importance of this topic, we bring you this webinar about the BVI jurisdiction, its advantages, and the Economic Substance Law Requirements.  As most of you are aware, the Economic Substance Act 2018 came into force in January 2019. This law […]

BVI | Economic substance frequent questions (FAQ)

BVI Economic Sustance BVI Company OMC Group FAQS Image

BVI Company. BVI Economic substance frequent questions (FAQ) 1. Could my BVI company be conducting “banking business”? 1.            Is the company subject to any banking regulations or supervision anywhere? If “Yes”, your BVI company is conducting banking business. 2.            Will the company be receiving funds or deposits from the public in any manner? If “Yes”, […]

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