The select transactions include so-called 'filings' for time-sensitive, complex and special transactions, including continuations, mergers, amendments, registrations of charges and notices of change in shares.

The regulator says that the registry’s new offerings demonstrate an "appreciation of the global reach of the BVI financial services industry in general and in particular the BVI (international) business company." IBC were established in the 1980s and turned the islands into a money-laundering powerhouse.

VIRRGIN Lite

VIRRGIN Lite is a 'limited feature' version of the FSC’s proprietary VIRRGIN application which will provide special external access to the system from outside the BVI.  Initially, the 'light' version will only be available in Hong Kong where there is a large base of offices affiliated with service-providers licensed by the FSC and where the FSC operates a representative office.  A limited number of "natural person user accounts" will be available to each licensee. External access will allow for transactions such as name reservations and company searches.  External users will have to be able to commit funds from the licensees' local deposit accounts.

Extended hours

To support the new Premium Services and VIRRGIN Lite offerings, the registry will stay open for longer. When this happens, it will process transactions up to 10:00 pm every day. During extended hours the Registry’s lobby will be closed to the public and limited client services will be available.

The FSC's Finance Division will also extend its hours, accepting and processing deposit requests to 5:30 pm daily.