British Virgin Islands: Compliance

The British Virgin Islands has introduced a Yacht Engaged in Trade programme that allows superyacht owners to charter their vessels for up to 84 days annually in European waters while maintaining private registration status. This flexible framework addresses a longstanding industry challenge by enabling owners to switch between private and commercial use without permanent conversion or repeated registration processes, all while maintaining Red Ensign Group standards and credibility.

The British Virgin Islands has positioned itself as a leading offshore financial centre for blockchain and crypto-asset businesses, offering a flexible regulatory framework that balances...

The BVI’s April 2026 update to its CRS Guidance Notes advances the implementation of CRS 2.0, expanding the scope of reportable accounts and introducing new compliance and reporting obligations ahead of the first reporting deadline on 31 May 2027.

On 10 December 2024, the Trustee (Amendment) Act, 2024 (the "Amendment Act") came into force in the British Virgin Islands ("BVI").

The BVI has implemented changes to its beneficial ownership framework as relevant to companies and limited partnership, with key changes effective from 2 January 2025.

As business and commerce grow there is a need for primary service providers to rely on and use secondary service providers...

Carey Olsen's Michael Padarin and Daniel Moore explore the key takeaways from the first economic substance (ES) reporting period in the British Virgin Islands (BVI) and give practical pointers...

For many companies incorporated in the British Virgin Islands (BVI), the first deadline for reporting on economic substance (ES) compliance was 29 December 2020

Alternative Investment Funds Comparative Guide for the jurisdiction of British Virgin Islands, check out our comparative guides section to compare across multiple countries