RegAlert

Rule · FSC · 24 Dec 2024

BVI Business Companies (Amendment of Schedule 1) (No. 2) Order, 2024

kyc
licensing

The Cabinet of the British Virgin Islands issued this Order to amend Schedule 1 of the BVI Business Companies Act, Revised Edition 2020. The amendment introduces a $75 filing fee for changes in beneficial ownership information under section 96A(8) and sets the fee for existing companies registering specific information under Part VIIA of Schedule 2 to $0. This statutory instrument was gazetted on December 24, 2024, and comes into force concurrently with the BVI Business Companies (Amendment) Act, 2024.

British Virgin IslandsBritish Virgin Islands Financial Services Commission

VIRGIN ISLANDS
BVI BUSINESS COMPANIES (AMENDMENT OF SCHEDULE 1) (NO. 2) ORDER, 2024 ARRANGEMENT OF SECTIONS
SECTION

  1. Citation and commencement
  2. Schedule 1 amended

2
VIRGIN ISLANDS
STATUTORY INSTRUMENT 2024 NO. 70
BVI BUSINESS COMPANIES ACT
(REVISED EDITION 2020)
BVI Business Companies (Amendment of Schedule 1) (No. 2) Order, 2024 [Gazetted 24th December, 2024] The Cabinet, in exercise of the power conferred by section 249(1) of the BVI Business Companies Act, Revised Edition 2020, and acting on the advice of the Financial Services Commission, makes this Order:
Citation and commencement

  1. (1) This Order may be cited as the BVI Business Companies (Amendment
    of Schedule 1) (No. 2) Order, 2024.
    (2) This Order shall come into force on the date that the BVI Business Companies (Amendment) Act, 2024 comes into force.
    Schedule 1 amended
  2. The BVI Business Companies Act, Revised Edition 2020, is amended in
    Part I of Schedule 1 by inserting in their respective section numerical order, the
    following:
    “96A(8) For filing of a change in beneficial ownership information $75
    Part VIIA
    of
    Schedule
    2 to the
    Act, paragraph
    60I(1)
    For filing by an existing company for registration by the Registrar (where applicable) information required under sections 41, 43A, 96A, 118, and 118A(1A), within the period specified in paragraph 60I(1) $0”. Made by the Cabinet this 24th day of December, 2024. (Sgd.) Sandra Ward, Cabinet Secretary.

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

Act of 2020Not in RegAlertAct of 2020 — Not in RegAlertMentions (1)a document this one mentionsopen the list below the graph ▾Mentions (1): a document this one mentions without changing it — open the list below the graphBVI Business Companies(Amendment of Schedule 1) (No…2024-12-24 · this documentBVI Business Companies (Amendment of Schedule 1) (No. 2) Order, 2024 (2024-12-24)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (1)
Issued under
  • Act of 2020Not in RegAlert

    “The Cabinet, in exercise of the power conferred by section 249(1) of the BVI Business Companies Act, Revised Edition 2020”

Mentions (1): 1 document this one mentions without changing it
Refers to

More like this from FSC

We email you every new FSC publication the day it's published.

Source: British Virgin Islands Financial Services Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

In RegAlert: added · updated