Saba Rock Resort has been through more than a few storms since the 1960s, when scuba diver and treasure hunter Herbert “Bert” Kilbride used it as his laid-back North Sound …
October 22, 2021
October 15, 2021
ICIJ: Pandora fallout could continue for years
After the release of global news coverage about some 12 million documents revealing the offshore assets of about 300 politicians and 35 current and former heads of state facilitated through …
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October 15, 2021
Despite dismal numbers, Tourist Board hopeful
Tourism numbers for the first half of 2021 are in, and although 26,601 visitors from January to July is a relatively dismal showing, the BVI Tourist Board is optimistic that …
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October 13, 2021
‘Pandora Papers’ data leak involves mostly VI firms
More than two thirds of the companies named in a massive new offshore data leak analysed by the International Consortium of Investigative Journalists were incorporated through the Virgin Islands, the …
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September 22, 2021
Digital currency comes to Caribbean
This year, the Caribbean struggled with economic turmoil due to the ongoing pandemic, a major volcanic eruption in St. Vincent, and an earthquake in Haiti. But amid the upheaval, the …
September 22, 2021
China reins in US-listed companies
In a move that could impact the use of Virgin Islands structures, China’s government recently issued new guidelines aimed at increasing the supervision of some of the largest Chinese companies …
September 22, 2021
Apolitical boards called key to sustainable tourism
At a time when the Virgin Islands government is under fire for abruptly dissolving its own Climate Change Trust Fund board and failing to replace it, a Caribbean tourism pioneer …
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September 13, 2021
Report: EU banks reap billions from VI, others
A new report from the European Union Tax Observatory suggests that European banks are reaping about 14 percent of their total profits — about 20 billion euros a year — …
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August 25, 2021
Autland signs its seventh RDA contract
Autland Heavy Equipment, a Virgin Islands firm, has been awarded its seventh contract from the Recovery and Development Agency by beating out eight other local bidders to win a $1,799,499.68 …
August 20, 2021
Labour minister grilled on work permits
On Monday in the House of Assembly, opposition member Julian Fraser took aim at the recent Ministry of Natural Resources, Labour and Immigration policy of requiring holders of work permits …
August 16, 2021
OECD tax exec to speak at VI conference
Robert Mathavious, a pioneering leader in the Virgin Islands financial services industry who retired at the end of last year, will get a weeklong tribute in November during a conference …
August 16, 2021
HOA approves deputy speaker’s contracts
In an emergency virtual meeting on July 29, the House of Assembly voted to retroactively exempt Deputy Speaker Neville Smith from vacating his seat after his company Caribbean Security Limited …
August 12, 2021
OneMart affiliate to launch app in Jamaica
If a company that began in the Virgin Islands is successful, the Caribbean may soon have pizza, paper towels or a ride to the store at its fingertips through a …
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July 21, 2021
Work permit system goes online
A new electronic work permit system has arrived just as the Covid-19 pandemic has led to more and more business being conducted remotely. Premier Andrew Fahie, during a virtual rollout …
July 16, 2021
Businesses fear labour shortage
Seeing the United States, including the neighbouring US Virgin Islands, experience a labour shortage as pandemic restrictions ease, businesses owners who spoke during a BVI Chamber of Commerce and Hotel …
July 13, 2021
‘Digital nomads’ bring millions to region through remote work
In the 10 months after the One Year Barbados visa for remote work launched, it processed some 2,500 applications, earned $6 million for government coffers, and raked in at least …
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July 9, 2021
Guv okays bills to deter financial crime
Six bills designed in large part to deter financial crime took effect recently after receiving assent from Governor John Rankin. The Proliferations Financing (Prohibition) Act, 2021, passed in the House …
July 9, 2021
Governor assents to 13 laws
Governor John Rankin assented to 13 bills last month, bringing into effect legislation that deals with issues ranging from gun violations to birth and death certificates. The Explosives (Amendment) Act, …
July 2, 2021
Laws to crack down on financial crimes
To help the territory stay abreast of changing international standards, the House of Assembly passed a trio of bills last week aimed at countering money laundering, terrorism and proliferation financing. …
June 24, 2021
More port fee hikes postponed, again
After Premier Andrew Fahie abruptly postponed to next year most of the controversial port fee hikes that put the business community in an uproar earlier this year, the BVI Ports …
June 15, 2021
VI court reverses asset freeze in $6b case
A Virgin Islands court has unfrozen shares in two hotels belonging to Pakistan’s national airline in the latest development in Reko Diq, one of the highest-dollar cases ever mediated through …
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June 14, 2021
Pier park kiosk spat leads to lawsuit
Talk show host and former BVI Tourist Board events coordinator Cindy Rosan-Jones is the target of a defamation lawsuit from Vance Lewis, CEO of Cyril B. Romney Tortola Pier Park, …
June 10, 2021
G7 tax plan could hit home in VI
Finance ministers from Group of Seven countries met in London on Saturday and agreed to back United States President Joe Biden’s proposal for a minimum global corporate tax rate of …
June 10, 2021
New One Mart coming to East End
One Mart has seen a busy year despite an overall struggling economy in the territory and further abroad. Following a recent reverse merger that took the business public in the …
June 8, 2021
G7 to consider global minimum tax
Finance ministers from Group of Seven nations will meet tomorrow in London, where they are expected to back United States President Joe Biden’s proposal for a minimum global corporate tax …
