The Territory of the Virgin Islands, through the BVI Financial Services Commission (the "commission"), is a long-standing member of the Group of International Financial Centre Supervisors (GIFCS). As part of the global community of financial services regulators, the Commission values its participation in developing and reviewing regulatory and supervisory standards. GIFCS will undertake a peer review/evaluation of the Territory’s compliance with the GIFSCS Standards on 11-15 Nov...

The Rules under the Economic Substance (Companies and Limited Partnership) Act, 2018 (the “Act”) have now been issued and published. Please find attached the cover note from the International Tax Authority (ITA) as well as the final Rules.