Further to the regulatory changes implemented through the Beneficial Ownership (Amendment) Regulations 2023 as detailed in our previous update(s), from 1 January 2025 onwards Regulation 13 requires Seychelles entities to verify their Beneficial Ownership information at least once per calendar year to ensure filed records are accurate.

The Cayman Islands has recently established a comprehensive framework for accessing beneficial ownership information based on legitimate interest and for protecting such information from disclosure. These updates enhance the existing beneficial ownership regime and ensure compliance with evolving beneficial ownership reporting requirements. They also reinforce robust access restrictions and Legitimate Interest Access protocols, as mandated by the Beneficial Ownership Transparency Regulations, enabling verified applicants to access the BO Registers while safeguarding the rights of each beneficial owner. Read our overview of the new framework here.

Background to the Register of Members and Register of Directors Updates Recent legislative amendments to the Business Companies Act, effective 2 January 2025, have introduced several changes to the filing requirements and deadlines for companies within the BVI. Key updates include amendments to the Register of Members and the Register of Directors, alongside changes to […]

Background to the beneficial ownership updates Recent amendments to the Business Companies Act have introduced several new requirements to align with international compliance standards. The Business Companies and Limited Partnerships (Beneficial Ownership) Regulations (the BO Regulations) aim to enhance transparency by mandating certain obligations for companies. The first of these changes is set to commence […]

The deadline for the first filing of annual financial returns (AFRs) by companies incorporated or registered in the British Virgin Islands (BVI) is Monday, 30 September 2024. On 26 September 2024, the BVI Financial Services Commission (the Commission) announced that due to policy and logistical issues in ensuring full compliance for the first return deadline, […]

The hurricane warning has been lifted, however there may be delays as damage assessments are conducted and backlogs are cleared. 

As of 3 July 2024, several businesses and government offices in the Cayman Islands have closed their operations due to Hurricane Beryl.

Over the 5-7 April weekend Marbury hosted close to 100 clients and friends of Marbury, and Marbury founder, Duncan Smith, at the Hong Kong Sevens – the premier tournament on the World Rugby Sevens Series.  As we finally recover after the exhilarating weekend, we at Marbury want to extend a heartfelt thank you to all […]

The British Virgin Islands (BVI) is a popular jurisdiction for establishing companies due to its favourable tax and regulatory environment. However, there are instances when a BVI company is no longer needed, and the decision must be made to either strike it off or initiate a voluntary liquidation. This article aims to shed light on […]

The BVI Business Companies (Amendment) Act introduced changes to the strike off regime and restoration process that may impact your BVI company. Specifically, these changes affect BVI companies that were struck off after 1 July 2016 and before 1 January 2023, and that have not yet been dissolved.

If you have any such existing struck off companies that you may need to restore, it is recommended that you take action now to avoid the costly, complicated, and potentially lengthy process of restoration through a Court application.

Marbury Corporate Advisory Services Limited has successfully obtained the International Standard on Assurance Engagements (ISAE) 3402 Type I Report.