The British Virgin Islands Financial Services Commission published an industry update on Economic Substance filing fees, reminding practitioners that BOSS System subscription fees are no longer payable to the Ministry of Finance following the transfer of the Economic Substance filing function to the VIRRGIN system. The Commission noted that notice of the change was provided at an Economic Substance webinar on 23 December 2025 and ahead of the transition of Economic Substance filings to VIRRGIN. It will share details of the new fee regime after consulting with industry and advised practitioners to watch for further communications on the fee regime and any developments affecting the filing of Economic Substance transactions through VIRRGIN.
British Virgin Islands Financial Services Commission 2026-02-18
British Virgin Islands Financial Services Commission reminds industry BOSS System subscription fees are no longer payable after Economic Substance filings move to VIRRGIN
The British Virgin Islands Financial Services Commission announced that Economic Substance filing fees are now processed through the VIRRGIN system, eliminating the need for BOSS System subscription fees to the Ministry of Finance. The Commission will provide details on the new fee regime following industry consultation and advises practitioners to monitor updates regarding Economic Substance transactions.