VISTA allows a shareholder to establish a BVI trust over a BVI company which disengages the trustee from administrative and managerial responsibility in relation to that BVI company. Last updated May 2013.
This guide outlines the key features of a Private Trust Company in the BVI and identifies the requirements to set up a PTC and its uses. Last updated May 2013.
This guide provides a brief outline and highlights the key features of trusts in the BVI. Last updated May 2013.
New legislation was enacted in May 2013 to further refine the British Virgin Islands' trust legislation, especially the use of Private Trust Companies and VISTA trusts.
The latest guide from Harneys Cyprus, dated 9 May 2013, explains Relaxation of Restrictive Measures for Branches and Subsidiaries of Foreign Banks (Decree No 2). This decree is valid for seven days from 9 May.
This guide and the following earlier...
The Global Guide to Directors' and Officers' Issues Around the World 2013 has been published. Contributors to the BVI section include Harneys' Kissock Laing, Aki Corsoni-Husain and Mizra Manraj.
This table provides a basic comparison of key features of BVI and Cayman investment funds in areas including legal structures, types of funds available and regulatory issues. Updated February 2013.
Any Cayman Islands exempted company, including those established as funds, may be registered as a segregated portfolio company. This guide discusses general issues regarding SPCs, uses of SPCs, receivership and liquidation of SPCs.
The Non-Profit Organisations Act was passed in the British Virgin Islands in 2012 and came into force on 1 January 2013. The law introduces a number of new requirements for non-profit organisations operating in the BVI.
This comprehensive overview of investment funds legislation in the BVI reflects new provisions which came on stream following the passage of the BVI's Securities and Investment Business Act in 2010 and the Approved Managers Regime approved in 2012.