10th February 2025

5 Key Changes to the BVI Business Companies Act your company needs to know

The BVI Business Companies (Amendment) Act 2024 ("Amendment Act"), published in the BVI Gazette on 26 September 2024, officially came into force on 2 January 2025 (the “Effective Date”). The Amendment Act introduces several important changes to the BVI Business Companies Act, aimed at enhancing the jurisdiction's capabilities in combating money laundering, with a focus on transparency and international best practices.