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| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
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tax treaty resource. |
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| BVI Highlights Forthcoming Fee Changes |
by Phillip Morton, Investors Offshore.com
Wednesday, December 29, 2010
The British Virgin Islands Financial Services Commission (FSC) has issued a notice reminding regulated
entities that fees applicable under financial services legislation will change
with effect from January 1, 2011.
The Financial Services Commission (Fees) Regulations, 2010, which were made
by Cabinet, on the advice of the FSC, were published in the Gazette on October
14, 2010, and will replace the Financial Services Commission (Fees) Regulations,
2005.
Similarly the Insolvency Practitioners (Amendment) Regulations, 2010 were also
published in the same issue of the Gazette. These Regulations will replace the
Insolvency Practitioners Regulations, 2004.
Further, the Financial Services Commission (Securities and Investment Business
Fees) Regulations, 2010, were gazetted in April 2010.
The Regulations, copies of which are available on the Commission’s website,
cover application fees, annual licence fees and other fees due under various
financial services legislation.
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