British Virgin Islands: Companies

(asked on 26th January 2026) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask His Majesty's Government what support, if any, they have provided to the British Virgin Islands in developing and implementing their public beneficial ownership registers.


Answered by
Baroness Chapman of Darlington Portrait
Baroness Chapman of Darlington
Minister of State (Development)
This question was answered on 9th February 2026

HMG has supported Overseas Territories (OT), including the British Virgin Islands, with the development and implementation of accessible registers of beneficial ownership by offering and providing clear requirements and expectations, legal analysis, legislative drafting support, technical workshops and by funding an expert non-governmental organisation (NGO), Open Ownership, to provide tailored support as necessary. Some OTs have received direct funding to help establish their registers, and we remain open to further requests. Minister Doughty's Written Ministerial Statement of 13 Jan 2026 provides an update on latest progress and agreements on next steps. The Government's ultimate expectation remains for the OTs to implement fully public registers of beneficial ownership.

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