Virtual Assets in the British Virgin Islands

Establishing a digital asset business in jurisdictions like the British Virgin Islands (BVI) offers strategic advantages due to their progressive regulatory frameworks and commitment to fostering innovation in the financial technology sector.

British Virgin Islands (BVI)

The BVI offers a flexible environment for digital asset ventures. The Financial Services Commission (FSC) has issued guidance clarifying the applicability of existing financial services legislation to virtual asset-related activities. Certain operations may require licensing under the Securities and Investment Business Act (SIBA), depending on the nature of the activities. It’s essential for businesses to assess their operations against the regulatory criteria to determine the need for licensing.

Our Services

At SCG Fund Services, we specialize in guiding clients through the complexities of establishing and managing digital asset businesses in these jurisdictions. Our comprehensive services include:

• Regulatory Compliance: Assisting with understanding and adhering to local regulations, including AML/CFT requirements.
• Licensing Support: Preparing and submitting applications for necessary licenses and registrations.
• Corporate Structuring: Advising on optimal corporate structures to align with business objectives and regulatory expectations.
• Ongoing Administration: Providing administrative support to ensure continued compliance and operational efficiency.

By leveraging our expertise and local insights, we empower clients to successfully navigate the dynamic landscape of digital assets in the British Virgin Islands.