Regulatory Alerts2018-09-24
Segregated Portfolio Companies (BVI Business Company) (Amendment) Regulations, 2018
The Cabinet of the Virgin Islands issued these regulations to amend the Segregated Portfolio Companies (BVI Business Company) Regulations, 2018, pursuant to the BVI Business Companies Act, 2004. The amendments modify Regulation 6 to simplify the statutory language regarding the incorporation of BVI business companies as Segregated Portfolio Companies. Additionally, the Schedule is updated to replace existing fee structures with new prescribed amounts for application, approval, and annual fees related to segregated portfolio companies.
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