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Bye bye "secret BVI"! Article by Viktoria Soltesz

Significant changes have been introduced to the Annual Return Requirements for companies registered in the British Virgin Islands (BVI). These changes are crucial for companies to understand and comply with, as they reflect a shift towards greater transparency and regulatory oversight.

1.) BVI residency requirement for liquidators in solvent liquidations

2.) Public availability of the names of current directors of BVI companies

3.) BVI companies must file an annual financial return with their registered agent within nine months of the financial year-end.

4.) Bearer shares are being phased out


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