British Virgin Islands: Corporate/Commercial Law

The BVI legitimate interest access ("LIA") system became operational on 1 April 2026.

When a sole shareholder and director of a BVI company passes away, the absence of a director can lead to significant administrative challenges and delays in estate administration. This article examines practical solutions available under BVI law, including the strategic appointment of reserve directors and the use of trust structures, to ensure business continuity and facilitate the smooth transfer of shares to beneficiaries.

The Compliance Inspection Program will run from March 2026 to February 2027 with a focus on the trust corporate service providers, investment business and virtual assets service providers sectors.