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Industry Updates

Industry Updates | 17/03/2020

BVI FSC Notice on COVID-19 Preparedness and Planning

The British Virgin Islands Financial Services Commission (“the Commission”) is continuously monitoring guidance...

Industry Updates | 17/03/2020


FSC Notices On COVID-19 Business Continuity

The Commission recognizes that organisations around the world are grappling with the...

Industry Updates | 17/03/2020

BVI FSC Notice on COVID-19: In-Person Business Transactions

The British Virgin Islands Financial Services Commission (“the Commission”) is continuously monitoring guidance regarding...

Industry Updates | 06/03/2020

Hong Kong Office to Re-open Monday 9 March, 2020:

The BVI Financial Services Commission (the “Commission”) is continuing to update the industry as operations begin to return to normal levels following the temporary closure of its Asia Representative Office.

General Operational...

Industry Updates | 06/02/2020

For your convenience, this list of certificates is available electronically through VIRRGIN:

  • Certificate of Change of Name (Duplicate)
  • Certificate of Incorporation (...
Industry Updates | 21/12/2018


Industry Updates | 20/12/2018

Sanctions Risks Related to North Korea’s Shipping Practices


Industry Updates | 03/10/2018


Maximum penalty for filing RODs

BVI Business Companies that existed prior to 1st April 2016 (existing companies) were given until 31st March 2017 to file Registers of Directors (“RODs”) at the Registry of Corporate Affairs (“the Registry”).  Companies that...

Industry Updates | 14/09/2018

Tortola, British Virgin Islands – 14 September, 2018 - The Virgin Islands (VI), in its continued efforts to prevent the facilitation of money laundering (ML), terrorist financing (TF) and proliferation financing (PF) through its financial system, undertook a National Risk Assessment (NRA) in...

Industry Updates | 19/06/2018


New Limited Partnership functions - VIRRGIN

Limited Partnership functions compliant with provisions of the Limited Partnership Act, 2017 are now available in VIRRGIN.

1. Registration of Limited Partnership

2. Application for re-registration as a...

Industry Updates | 16/03/2018

Tortola, British Virgin Islands – 16 March, 2018 – The Financial Services Commission wishes to remind Insurance professionals and the general public of important requirements governing loss adjusters.  Section 9(6) of Financial Services (Continuity of Business) Act, 2017 (the “Continuity of...

Industry Updates | 14/03/2018

Tortola, British Virgin Islands – 14 March, 2018 – Following the recent enactment of the new Limited Partnership Act, 2017, industry practitioners are asked to take note of some new processes and requirements.  

Industry Updates | 13/03/2018

Meet The Regulator Forum - Wednesday, April 11, 2018

Industry Updates | 30/01/2018

Tortola, British Virgin Islands – 30 January, 2018 – All Registered Agents and other VIRRGIN users, please be reminded that on 1 February, 2018 the Commission will resume the usual user policies and enforce the VIRRGIN user agreement.

Industry Updates | 21/12/2017

Increased BC Fees 

Practitioners are reminded that the BVI Business Companies (Amendment of Schedules) Order, 2017 takes effect on 1 January, 2018. The Order among other things increases the new registration fees for BVI business companies and the annual renewal fees for...