Notice to Bring into Force the BVI Business Companies (Amendment) Act, 2024 (SI 2024 No. 75) (2024-12-27)

Summary

This is a short ministerial notice fixing the date on which the BVI Business Companies (Amendment) Act, 2024 (No. 15 of 2024) comes into force. It does not itself amend the law; it merely activates the amendment act that was already passed.

• Commencement date appointed: The Minister of Financial Services, Economic Development and Digital Transformation fixed 2 January 2025 as the date the BVI Business Companies (Amendment) Act, 2024 comes into force.
• Legal basis: Made under section 1(2) of the Act, which allowed the Minister to appoint the commencement date by Gazette notice.
• Gazetted: Notice made 19 December 2024 and gazetted 27 December 2024.

Readers should consult the underlying BVI Business Companies (Amendment) Act, 2024 itself for the substantive changes to company law that took effect on the appointed date; this notice contains no substantive provisions of its own.

Applies to

BVI business companies

Deadlines

• 2 January 2025: Date on which the BVI Business Companies (Amendment) Act, 2024 comes into force