19. Nov 2021
Update on enhancements to BVI Private Trust Company law
The British Virgin Islands ("BVI") has had a clear and cogent Private Trust Company ("PTC") regime, since new legislation was introduced in the Territory in 2007. Subsequent updates have been made to the PTC regime to further enhance the use and effectiveness of PTCs in both private wealth planning and commercial structures. Recently the BVI took the opportunity to make additional improvements to the PTC regime to remove some areas of uncertainty. The following article contains a summary of these changes.