BVI Beneficial Ownership Act 2025 - Ownership Threshold Change
Ownership threshold reduced from 25% to 10% for beneficial ownership disclosure requirements.
Pending ReviewHigh
Jurisdiction
British Virgin Islands
Published
1/15/2025
Review Deadline
1/29/2025
Legislation
BVI BO Act 2025 Amendment
Impact Summary
How this update affects your operations
12
Clients
47
Entities
156
Tasks
23
Documents
Configuration Changes
Detailed breakdown of what will change
Beneficial Ownership
Change #1Threshold: 25% → 10%
Disclosure timeline: no deadline → 30 days
More individuals will need to be disclosed as beneficial owners with stricter reporting deadlines
Register of Members (new filing requirement)
Change #2Disclosure timeline: 15 days
New requirement to maintain register of members within 15 days of incorporation
Register of Directors
Change #3no deadline
Disclosure timeline: 15 days
Directors must be registered within 15 days of incorporation
New mandatory data fields
Change #4Occupation, gender, date of birth, country of birth
Additional personal information required for all beneficial owners
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Source: Konfiant Global Studio•Update ID: pending-update-001