Legislation has been passed which will require each BVI licensed registered agent to establish and maintain a dedicated database of the BVI companies (“Companies”) for which it acts. Partnerships and foreign companies registered in the BVI as foreign companies are not within scope. The BVI Government is establishing a secure non-public electronic platform which will allow access to each registered agent’s database only by a designated person, from a single designated secure location within the BVI. Information will only be shared upon the certified lawful request of specified BVI or UK law enforcement authorities.
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