Regulatory AlertsBeneficial Ownership Secure Search System (Fees) Regulations (Revised 2020)
The Government of the Virgin Islands issues these revised regulations to establish a tiered fee structure for registered agents utilizing the Beneficial Ownership Secure Search System. The framework mandates annual cloud and management service payments ranging from US$5,000 to US$40,000 based on the number of managed companies, with dues due annually by June 30. Additionally, it imposes escalating late-payment penalties from US$1,000 to US$10,000 and authorizes system access removal for delays exceeding 120 business days.
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