BVI BOSS Act Amendments & Economic Substance Filings - July 2019
The Beneficial Ownership Secure Systems Act, 2017 (BOSS Act) created the updated beneficial ownership data collection regime that was implemented in the BVI last year. That legislation was further amended to accommodate the new economic substance filing requirements when the Economic Substance (Companies and Limited Partnerships) Act 2018 was passed.
The BOSS Act amendments were initially scheduled to come into force on 30 June 2019. However, a recent notice issued by the BVI Government has indicated that these amendments will now enter into force on 1 October 2019. Our briefing note provides an overview of the BOSS Act amendments and what they mean for BVI entities.
Please read our briefing for more information.