news & analysis

2024 BVI Compliance Calendar

27 March 2024 | by Jennifer Potter

  Here’s a quick resource to help BVI entities manage key regulatory and legislative deadlines. Please download and share a copy of the GHP 2024 BVI compliance calendar. If you have questions regarding how, what, where, and when to meet an obligation for a BVI entity or operation, please reach out to a GHP contact. We’d be happy to assist you.  

BVI Work Permit Exemptions

27 March 2024 | by Paul Mellor

Introduction This note is intended as a brief guide to the exemption of certain categories of people engaged in employment in the British Virgin Islands (BVI) from the need to obtain a work permit. It is not intended to be a comprehensive guide on all aspects of BVI employment or immigration law. We recommend that specific advice is sought as each set of circumstances has its own peculiarities. Background In 2017, the BVI Government enacted a measure that exempted various categories of people from the need to obtain a work permit to work in the BVI for short periods of […]

Property Tax In the British Virgin Islands

15 September 2023 | by Paul Mellor

In this guide, we examine property tax in the British Virgin Islands, including which types of property are subject to it, how it is calculated and when it is payable.

BVI issues further General Licence (Sanctions Regulations) for Legal Practitioners and Banking Licensees

27 April 2023 | by Jermaine Case

On 13 April 2023, the British Virgin Islands (BVI) issued General Licence [No.03], 2023 (the General Licence) under: Regulation 64 of The Russia (Sanctions) (EU Exit) Regulations 2019 (as amended) as extended to the British Virgin Islands (with modifications) by The Russia (Sanctions) (Overseas Territories) Order 2020 (as amended); and   Regulation 34 of the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 as modified by the Republic of Belarus (Sanctions) Overseas Territories) Order 2020;   ((i) and (ii) above are together referred to in this note as the Sanctions Regulations). Download a pdf copy of our legal update on the […]

Legal Guide – The Stamps (Amendment) Act 2023 – Stamp Duty Exemption for First Time Belonger Buyers

03 April 2023 | by Paul Mellor

This legal guide examines the effect of the Stamps (Amendment) Act 2022 and how first time Belonger property owners in the BVI can benefit from a stamp duty exemption.

Nichola Dunkley joins GHP

10 January 2023 | by GHP Marketing

Significant changes to the BVI Business Companies Act take effect 1 Jan 2023

28 December 2022 | by Paul Mellor

Overview of BVI Business Companies (Amendment) Act 2022 The BVI Business Companies (Amendment) Act, 2022 (the Amendment Act) comes into force on 1 January 2023 (the effective date). The Amendment Act makes significant changes to the existing BVI Business Companies Act (the current BCA) which are intended to ensure compliance with international standards and best practices. These changes include abolition of the bearer share regime, creation of a new requirement to file annual returns, and changes to the regime for striking off and restoration of companies. Legal Update BVI Business Companies Amendment Act 2022 Bearer shares The current BCA permits […]

Legal Update – European Court of Justice invalidates provision of the 5th Anti-Money Laundering Directive relating to public registers of beneficial ownership

16 December 2022 | by Jermaine Case

In this Legal Update we review the European Court of Justice’s ruling on public registers of beneficial ownership.

Legal update – British Virgin Islands – Peer Review of the Automatic Exchange of Financial Account Information 2022

23 November 2022 | by Jermaine Case

In this legal update we examine the Global Forum’s peer review of the Automatic Exchange of Financial Account Information 2022

Legal Update – Foreign Based Commercial Recreational Vessels – No Trade Licence Required

14 November 2022 | by Paul Mellor

This legal guide examines changes to the requirement for foreign based commercial recreational vessels to require a trade licence.

Get Notifications

Sign up for updates

questions or comments?

All intellectual property rights in respect of, or to any of the information contained on our website are and remain the property of George Henry Partners LP (GHP) or its third-party licensors. The contents of our website are protected by copyright. Users of our website may read the contents of our website and make copies for their own personal use. Users of our website may also share copies (in paper or electronic form) with their work colleagues or clients free of charge for their personal use, provided that (i) GHP is acknowledged as the source of the information; (ii) the text of the information is in its original form; and (iii) recipients of the information are made aware of these terms. Any other use and copying of any of the information contained on this website is forbidden, unless the prior written consent of a partner of GHP is obtained.