BVI Business Companies (Amendment of Schedules) Order, 2025 (SI No. 119 of 2025)

Summary

This Order amends the fee schedules (Schedule 1 and Schedule 2) attached to the BVI Business Companies Act, Revised Edition 2020, to align fees with new beneficial ownership filing and disclosure processes. It does not itself create new substantive filing obligations but resets which fees apply to certain beneficial ownership related filings, requests and applications, and gives the Registrar power to extend fee payment deadlines.

• Beneficial ownership holder filing: Sets the fee at $0 for filing the name and address of a person holding a company's beneficial ownership information under section 96A(5).
• Register of Beneficial Ownership requests and applications: Replaces the fee table for items under section 230(3A)(c)(viii), covering inspection or copy requests (regulation 31B(2)), Registrar provision of beneficial ownership information (31B(2A)), notices of objection (31D(3)(c)), applications opposing disclosure (31E(1)), and exemption applications (31G(1)), with fees ranging from $0 to $75, plus $50/$10 tiers for exemption applications beyond five legal entities.
• Existing company registration filings: Updates the reference from the old Part VIIA to the new Part VIIB, paragraph 60I(1), for filings by existing companies of information required under sections 41, 43A, 96A, 118 and 118A(1A), setting the fee at $0.
• Registrar's power to extend fee payment time: Amends paragraph 60I(2) of Schedule 2 to allow the Registrar to extend, by notice published on the Registrar's internet site, the time for payment of fees for such period as the Registrar determines.

The Order comes into force on the same date that the BVI Business Companies and Limited Partnerships (Beneficial Ownership) (Amendment) (No. 2) Regulations, 2025 come into force, tying its effect to that companion instrument.

Key obligations

• Existing companies must file information required under sections 41, 43A, 96A, 118 and 118A(1A) within the period specified in paragraph 60I(1) of Schedule 2, subject to any Registrar extension under paragraph 60I(2).

Applies to

BVI business companies, registered agents, persons holding beneficial ownership information, applicants seeking exemption from or opposing disclosure of beneficial ownership information

Deadlines

• the date the BVI Business Companies and Limited Partnerships (Beneficial Ownership) (Amendment) (No. 2) Regulations, 2025 comes into force: Commencement date of this Order
• within the period specified in paragraph 60I(1), subject to extension under paragraph 60I(2): Deadline for existing companies to file required beneficial ownership related information for registration by the Registrar

Related documents

• This document commences BVI Business Companies and Limited Partnerships (Beneficial Ownership) (Amendment) (No. 2) Regulations, 2025