Trustees
Under the BO Regime BVI companies and limited partnerships must collect, maintain and (subject to certain exemptions) file up-to-date beneficial ownership information with the BVI Registrar of Corporate Affairs (“Registrar”).
Companies whose shares are held by a trustee licensed under the BVI Banks and Trust Companies Act (As Revised) or by a trustee that is regulated for anti-money laundering purposes in a jurisdiction other than the BVI, are exempt from the filing obligation provided beneficial ownership information can be supplied to the Registrar within 24 hours of request.
For more information on other exemptions, key filings and updates to the BO Regime, please see our client update.
