As per the agreement, the UK Government
will treat the BVI’s Corporate Service Provider Model as a legitimate
equivalent to the UK’s public registry of beneficial ownership. BVI’s model
will also incorporate an online platform called BOSSs (Beneficial Ownership
Secure Search System) in an attempt to modernize and innovate the current
systems and processes.
The launch of the platform is scheduled for
June 2017 and will allow all beneficial ownership information to be shared with the
UK within a 24 hour period and is thereby available to the US upon respect specific request. It will also provide BVI authorities immediate
access to verified beneficial ownership information on any company registered
in the British Virgin Islands.
Information to be submitted on
the BOSS platform will include:
- Company
name.
- Incorporation
number.
- Registered
Office Address.
- Incorporation date.
- Beneficial
Owner name.
- Beneficial
Owner date of birth.
- Beneficial
Owner Particulars such as passport number.
- Status
of Entity (whether active or inactive etc.).
- Date
Liquidation commenced & completed (where applicable).
- Reasons as to why any information is incomplete or not provided.
Each agent registered with the
system will have their own user profile and secured space to store the required
information (as listed above).
Do You Still Have Undeclared Income from
Offshore Banks or BVI Companies?
Want to Know if the OVDP Program is Right for You?
Contact the Tax Lawyers at
Marini& Associates, P.A.
for a FREE Tax Consultation
at: www.TaxAid.com or www.OVDPLaw.com or
Toll Free at 888-8TaxAid (888) 882-9243
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