The LI framework enables third parties to request inspection of beneficial ownership registers maintained by the BVI Registry, subject to a structured process with prescribed timelines.

Key timelines:

• Notice of objection: File within 5 days of receiving a request.
• Application opposing disclosure: File within 5 days after the objection.
• Intent to appeal: File within 3 days of the Registrar’s decision.
• Notice of appeal: File within 21 days of the intent.

If no objections are raised, the LI transaction processing timeline is 12 days.

Filing and notifications:

• Agents must provide a dedicated email address for notifications to avoid delays.
• General filings include notices and appeals related to BO information disclosure.
• Supporting documents must be in English (or translated) and submitted in PDF format.

Extensions and compliance:

• Filing links for BO, ROM, and other registers are extended until 31 May 2026.
• Local companies and NPOs must comply with BO and ROM filing requirements to avoid penalties.

Penalties:

• Transitional penalties for non-compliance start at US$600 and increase to US$1,400 after six months.
• Filing fees for BO registration after 31 March 2026, are US$125.

For further details, Circular 11 of 2026 can be found here