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Amendments to the British Virgin Islands (BVI) Business Companies Act

The BVI Business Companies (Amendment) Act 2022 (“BCA Amendment Act”) and the associated BVI Business Companies (Amendment) Regulations, 2022 (“BCA Regulations Amendment”) have been introduced on January 1st, 2023. Under the BCA Amendment Act and the BCA Regulations Amendment, the BVI Business Companies Act was amended, with the sole purpose to meet international standards on transparency and enhancing its reputation by combatting financial crimes.

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