Key updates to the BVI Business Companies Act: What you need to know for 2025
27 Dec 2024
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The BVI Business Companies Act and Limited Partnership Act will undergo significant changes effective 2 January 2025. These amendments introduce new filing requirements and registry disbursements that impact both new and existing entities. Here is what you need to know.
New Entities for 2025
If you are considering incorporating a new entity in the British Virgin Islands in early 2025, here are the new requirements and associated costs:
For New Company Incorporations:
| Category | Fee (US$) | Existing/New | Filing timeline |
| Registry formation fee | 550 | Existing | N/A |
| Register of Directors filing | 100 | Existing (Timeline Change) | Within 15 days of incorporation |
| Register of Members filing | 50 | New | Within 30 days of incorporation |
| Register of Beneficial Owners filing | 125 | New | Within 30 days of incorporation |
For New Limited Partnerships (LPs):
| Category | Fee (US$) | Existing/New | Filing Timeline |
| Registration fee | 750 | Existing | N/A |
| Register of General Partners filing | 75 | New | Within 30 days of incorporation |
| Register of Limited Partners filing | 50 | New | Within 30 days of incorporation |
| Register of Beneficial Owners filing | 125 | New | Within 30 days of incorporation |
Existing Entities β what do I need to know?
Widespread amendments to the BVI Business Companies Act and the Limited Partnership Act become effective on 2 January 2025. Entities in existence before that date have 6 months to comply.
Every relevant BVI entity will need to file details of its shareholders (or in the case of Limited Partnerships their General and Limited Partners) and beneficial owners at the registry.
We are busy designing our processes to verify the information we hold before filing at the registry β watch this space!
Our team are ready to help you understand the new requirements. Reach out if you have questions.
