Last week was a busy one for BVI Finance. Over the course of five days, the agency attended two events on opposite sides of the world as part of its …
May 20, 2023
May 15, 2023
Elmore Stoutt High School students learn investing skills
Elmore Stoutt High School teacher Gregory Mendez believes that financial literacy is an essential skill that everyone should have, regardless of age or profession. And that’s exactly what he’s been …
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May 15, 2023
New tourism association launches
From the catastrophic hurricanes of 2017 to the crippling Covid-19 pandemic, the Virgin Islands tourism industry has repeatedly proven its resilience. Nevertheless, the sector urgently needs attention, said Sharon Flax-Brutus, …
May 6, 2023
BVI Finance hosts webinars on Vistra report
After circulating the Vistra 2030 report in March, BVI Finance hosted two webinars where executives from the corporate services provider explained the document in more detail. An April 20 session …
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April 27, 2023
Rules eased for paying lawyers from frozen assets
Following the implementation of wide-ranging new sanctions after the Russian invasion of Ukraine last year, Governor John Rankin has been swamped with requests for the licence needed to use frozen …
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April 27, 2023
BVIIAC ‘incubation period’ extended
The BVI International Arbitration Centre opened its doors in 2016, and it was supposed to become financially independent after being financed and overseen by the Financial Services Commission for a …
April 13, 2023
RATED Programme trains 45
Forty-five people were trained recently as part of the Registration Apprenticeship Training Employment and Development Programme, government announced. The RATED Programme — which is designed to promote career development — …
April 7, 2023
BVIF-funded report launched in United Kingdom
Less than two months after the European Union blacklisted the Virgin Islands as a non-cooperative tax jurisdiction in February, BVI Finance last week hosted the international launch of a report …
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April 3, 2023
Chamber to launch tourism association
More than 50 years ago, the BVI Chamber of Commerce and Hotel Association was established when the chamber merged with the territory’s hotel association. Now, the non-profit organisation is planning …
March 31, 2023
Territory observes Global Money Week
Insurance, accounting, social security, pension plans, private wealth management, investment portfolios, offshore financial services, corporate financing, and ATM machines. These topics and more were discussed during Global Money Week 2023 …
March 30, 2023
St. Maarten to lower flight tax to VI
Travel between the Virgin Islands and St. Maarten is expected to get cheaper after St. Maarten reduces the in-transit fee for passengers flying here from its Princess Juliana International Airport, …
March 17, 2023
Before review, 18 laws passed in two days
Legislators passed 18 laws on Thursday and Friday with little to no public debate, just two days before international assessors arrived as part of a key anti-money-laundering review. Most of …
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March 16, 2023
OECD okays supplementary review
The Organisation for Economic Cooperation and Development’s Global Forum Peer Review Group has accepted the government’s request for a supplementary review that — if successful — could cause the European …
March 9, 2023
16 bills rushed ahead of international review
Eleven days before international assessors are scheduled to arrive as part of a key anti-money-laundering evaluation, Premier Dr. Natalio “Sowande” Wheatley introduced amendments to 16 financial services laws last Thursday …
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March 9, 2023
Deposit insurance to launch in Q3
A long-promised system of deposit insurance is slated to launch during the third quarter of this year, Premier Dr. Natalio “Sowande” Wheatley said while introducing the Virgin Islands Deposit Insurance …
March 1, 2023
PPP back on table for runway expansion
Public-private partnerships are among the options being considered for the airport expansion the government hopes to build soon, officials said after attending a recent meeting of the Airport Expansion Summit …
February 23, 2023
Officials push back against European Union blacklist
Government hopes the territory will be removed from the European Union’s blacklist of “non-cooperative jurisdictions for tax purposes” by October, three senior officials said Friday. “The BVI is working very …
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February 19, 2023
21 take part in Branson business training
Twenty-one Virgin Islands entrepreneurs received certificates from the Branson Centre of Entrepreneurship’s accelerator programme in late January. The participants underwent four months of “intense” training, which concluded with a ceremony …
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January 17, 2023
Shipping Registry still aims to be statutory body
The Virgin Islands Shipping Registry still plans to transform into a statutory body, but it has not yet done so, VISR Director John Samuel told the House of Assembly in …
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December 16, 2022
Bankers: Government can’t always step in
Rocky economic times often lead to calls for government to step in and put pressure on banks to provide better customer service, make it easier to take out mortgages and …
December 16, 2022
Virgin Gorda resort offers int’l copter flights
Oil Nut Bay announced recently that it has begun offering its guests direct helicopter service to St. Thomas and San Juan after its heliport became “the first in the British …
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November 25, 2022
Public service touts ‘transformation’
Touting what they described as progress toward an “agile, lean, digital and green” public sector focused on service and innovation, ministry leaders explained their recent achievements during a “midterm review” …
November 24, 2022
BVIF-funded report touts financial industry
As part of ongoing efforts to market the territory’s financial industry, BVI Finance has commissioned a new report that touts the sector’s contributions and explores how it may adapt to …
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November 24, 2022
VI and USVI reach new deal for boats
A new agreement between this territory and the United States Virgin Islands will allow charter boats to travel more freely between the two archipelagos, according to Premier Dr. Natalio “Sowande” …
November 16, 2022
Arbitrators aim for balance amid sanctions
With more than $400 million of assets in the Virgin Islands frozen in the wake of sanctions related to the Russian invasion of Ukraine, even many unsanctioned Russians are finding …
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