Regulatory Alerts2024-12-18
Filing of Beneficial Ownership Information Under the BO Regulations
Issued by the Registrar of Corporate Affairs of the British Virgin Islands Financial Services Commission, these guidelines establish the mandatory framework for collecting and filing beneficial ownership information across BVI business companies, limited partnerships, and trusts. Legal entities must identify natural persons or corporate bodies holding ten percent or more in shares, voting rights, or overall control, and submit accurate particulars to the Registrar within prescribed deadlines. The Registrar maintains a centralized electronic register open to inspection by competent authorities and law enforcement, while retaining statutory powers to grant filing extensions, rectify entries, and impose penalties for non-compliance.
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