Do commercial transactions require government approval or registration?

In most cases, government approval is not required. It should be noted, however, that:

Security interests can be registered to establish priority.

There are no foreign currency controls in the BVI.

Stamp duty may apply to real estate transactions or documents relating to land in the BVI, though offshore transactions are typically exempt.

Are there restrictions on the types of commercial transactions that BVI companies may undertake?

Generally, there are no restrictions, as BVI companies are designed to be highly flexible. However, if a company intends to engage in regulated activities—such as banking, investment services, or insurance—it must first obtain the appropriate license from the BVI Financial Services Commission (FSC).