BO Implementation Timeline for Key Transactions (2025-03-07)

Summary

This notice from the BVI Financial Services Commission sets out the target launch dates for new electronic filing functions relating to beneficial ownership (BO) and related company registers on the VIRRGIN/BOSS system. It does not create new substantive legal obligations but tells registered agents and filers when specific filing functions for directors, members, beneficial owners, and limited/general partners will become available.

• Register of Directors: Notice of Changes (single filing) from 16 Mar 2025; Registration of Directors (batch filing) from 3 Apr 2025; Correction of Directors (single filing) from 4 Apr 2025; Correction of Directors (global change) from 16 Apr 2025; Notice of Changes (global change) from 25 Apr 2025.
• Register of Members: Notice of Change Exemption, Correction (single filing), and Registration (batch filing) from 3-4 Apr 2025; Notice of Change Member (single filing) from 1 May 2025; Correction (global change) from 20 Jun 2025; Notice of Change (global change) from 4 Jul 2025; Cease Exemption/File Register and Cease Register/File Exemption functions from 11 Jul 2025.
• Beneficial Ownership: Correction of Exemption and Notice of Change - Cease BO and File Exemption from 11 Apr 2025; Notice of Change Exemption and Registration (batch filing) from 17 Apr 2025; Correction (single filing) from 28 Apr 2025; Notice of Change (single filing) from 16 May 2025; Correction (global change) from 4 Jun 2025; Notice of Change (global change) from 27 Jun 2025.
• Register of Limited Partners: Notice of Change Exemption, Notice of Change Limited Partners (single filing), and Cease Exemption/File or Cease Limited Partners/File Exemption functions from 3 Apr 2025; Correction (global change) from 24 Apr 2025; Notice of Change (global change) from 22 May 2025.
• Register of General Partners: Notice of Change Exemption, Notice of Change General Partners (single filing), and Cease Exemption/File or Cease General Partners/File Exemption functions from 3 Apr 2025; Correction (global change) from 24 Apr 2025; Notice of Change (global change) from 22 May 2025.

The notice is purely a rollout schedule for system functionality; it does not itself impose new filing deadlines on companies or limited partnerships beyond indicating when each electronic filing option becomes usable through registered agents.

Applies to

registered agents, BVI business companies, limited partnerships, general partners, limited partners

Deadlines

• 16-Mar-25: Target launch of Register of Directors - Notice of Changes (Single Filing)
• 3-Apr-25: Target launch of Register of Directors - Registration of Directors (Batch Filing), Register of Members - Notice of Change Exemption, Register of Limited Partners and General Partners Notice of Change Exemption and related single-filing functions
• 4-Apr-25: Target launch of Register of Directors - Correction of Directors (Single Filing) and Register of Members - Correction/Registration of Member (Single/Batch Filing)
• 16-Apr-25: Target launch of Register of Directors - Correction of Directors (Global Change)
• 25-Apr-25: Target launch of Register of Directors - Notice of Changes (Global Change)
• 11-Apr-25: Target launch of Beneficial Ownership - Correction of Exemption and Notice of Change - Cease Beneficial Ownership and File Exemption
• 17-Apr-25: Target launch of Beneficial Ownership - Notice of Change Exemption and Registration of Beneficial Ownership (Batch Filing)
• 24-Apr-25: Target launch of Register of Limited Partners and General Partners - Correction (Global Change)
• 28-Apr-25: Target launch of Beneficial Ownership - Correction of Beneficial Ownership (Single Filing)
• 1-May-25: Target launch of Register of Member - Notice of Change Member (Single Filing)
• 16-May-25: Target launch of Beneficial Ownership - Notice of Change of Beneficial Ownership (Single Filing)
• 22-May-25: Target launch of Register of Limited Partners and General Partners - Notice of Change (Global Change)
• 4-Jun-25: Target launch of Beneficial Ownership - Correction of Beneficial Ownership (Global Change)
• 20-Jun-25: Target launch of Register of Member - Correction of Member (Global Change)
• 27-Jun-25: Target launch of Beneficial Ownership - Notice of Change of Beneficial Ownership (Global Change)
• 4-Jul-25: Target launch of Register of Member - Notice of Change of Member (Global Change)
• 11-Jul-25: Target launch of Register of Member - Notice of Change Cease Exemption and File Register of Members, and Cease Register of Members and File Exemption