Industry Update

17
Registered Agents are reminded that the deadline for requesting an extension of time to file an initial Register of Directors is 31 March, 2017. Please use menu option to submit extension requests consistent with Section 118B (8) BVI BC Act.

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16
VIRRGIN Subscription Module Frequently Asked Questions

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21

Guidance on filings of Continuation, Clarification on ROD filings, VIRRGIN Subscription Fees and Additional Registrar Appointed

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11
As published in the Industry circular dated July 15, 2016 please access the form in the link below.

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28
The Commission advises all industry practitioners of the publication of BVI Business Companies (Amendment of Schedule 1) Order, 2016.

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26
The Commission has advised Cabinet as required, and anticipates confirmation of its recommendation to extend the fee neutral (free filing) period to 31 December, 2016 for filing Registers of Directors on behalf of BVI business companies.

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06

All subscribers requiring VIRRGIN Lite access for Hong Kong based users must submit a static (dedicated and unchanging) IP address to the FSC. Subscribers should provide the external facing static IP address if the office uses a shared connection to the internet. Dynamic IP addresses change and will not allow users to have access. The IP address should be sent to support@bvifsc.vg with subject ‘VIRRGIN Lite Access’.

 

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27
Section 118B (11) of the BVI Business Companies Act (as amended) provides that particulars of directors referred to in section 118A shall be in such form as the Registrar may determine.  These guidance notes provide additional information on the format required by the Registrar for the filing of particulars of directors of BVI business companies.

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21
Beginning Monday, 18th July, the Commission will accept applications for VIRRGIN Administrators.

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15
The Commission acknowledges the challenges with the implementation of legislative reform for the filing of particulars of directors (Register of Director [RoD] filings).  We are working extensively to deliver improved results that support efficient business operations and achievement of the primary objective.

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Contact Information

British Virgin Islands Financial Services Commission


Pasea Estate
P.O. Box 418
Road Town, Tortola, VG 1110
British Virgin Islands

Tel: 284-494-1324 or 284-494-4190 GMT – 4:00
Fax: 284-494-5016
Hours: Monday-Friday 8:30a.m. - 4:30p.m.
commissioner@bvifsc.vg