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🇻🇬 British Virgin Islands (BVI)

Offshore VASP registration regime with no fixed capital minimum and 0% corporate tax, but no cross-border passporting and case-by-case capital adequacy oversight

Crypto (CASP / VASP) E-money (EMI)
Last verified 2026-08-15 Next review 2026-08-29

Data verified: oldest cell 46 days ago (verified 2026-07-02). Individual cells show their own verification date below.

Capital requirement Capital requirement is included with access. Included with access Timeline to authorisation Timeline to authorisation is included with access. Included with access Application cost Application cost is included with access. Included with access Passporting Passporting is included with access. Included with access

Licence type

VASP registration under the Virtual Assets Service Providers Act, 2022 (in force 1 February 2023). Three categories: (1) General VASP registration (e.g. transfer/brokerage/advisory services not falling into the other two categories), (2) Virtual Assets Custody Service registration, (3) Virtual Assets Exchange registration. Entities can hold multiple categories if they pay the applicable fee for each. ICO/ITO token issuance alone does not require registration if no other regulated virtual asset service is provided (per FSC Circular 43/2025 FAQ).

Verified 2 days agoSource: BVI Virtual Assets Service Providers Act, 2022, sections 3, 5 and 6: https://www.bvifsc.vg/sites/default/files/virtual_assets_service_providers_act_2022.pdf

Regulator

British Virgin Islands Financial Services Commission (BVI FSC)

Verified 2 days agoSource: BVI Virtual Assets Service Providers Act, 2022, section 4: https://www.bvifsc.vg/sites/default/files/virtual_assets_service_providers_act_2022.pdf

Recent changes

November 2025: FSC issued Industry Circular 43 of 2025, publishing a comprehensive 'Understanding Virtual Assets and VASP Regulation' FAQ document clarifying scope (e.g., confirming pure ICO/ITO token issuance without other regulated activity does not require VASP registration). March 2025: BVI launched the Virtual Asset Service Providers Advisory Committee (VASPAC), a public-private body to enhance regulation/supervision of the sector, first meeting 27 March 2025. The FSC's Compliance Inspection Unit began a major round of onsite VASP/TCSP/Investment Business inspections in 2025 running through Q1 2026, focused on AML/CFT/CPF controls, internal audit, and staff training.

Verified 7 weeks agoSource: BVI FSC: Industry Circular 43 of 2025: https://www.bvifsc.vg/news/industry-updates/industry-circular-43-2025-fsc-publishes-virtual-assets-and-vasp-regulation ; Loeb Smith: https://www.loebsmith.com/news/key-updates-from-the-bvi-fsc-so-far-in-2025/

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Capital, timeline, costs, substance, passporting, restrictions and difficulty for British Virgin Islands (BVI), each with its source and verification date, unlock with the one-off Founder Pass: £349, 30 days, everything included. Need it board-ready without doing the work? A bespoke report answers your exact question for £950.

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Not legal advice. Entries marked placeholder or awaiting verification shouldn't be relied on. Verify with British Virgin Islands (BVI)'s regulator and qualified local counsel before acting.