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Business

May 20, 2023

From Dubai to Panama

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 …

Continue reading “From Dubai to Panama”

by The BVI Beacon
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 …

Continue reading “Elmore Stoutt High School students learn investing skills”

by ZARRIN TASNIM AHMED
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, …

Continue reading “New tourism association launches”

by Anika Christopher
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 …

Continue reading “BVI Finance hosts webinars on Vistra report”

by ZARRIN TASNIM AHMED
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 …

Continue reading “Rules eased for paying lawyers from frozen assets”

by The BVI Beacon
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 …

Continue reading “BVIIAC ‘incubation period’ extended”

by The BVI Beacon
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 — …

Continue reading “RATED Programme trains 45”

by The BVI Beacon
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 …

Continue reading “BVIF-funded report launched in United Kingdom”

by ZARRIN TASNIM AHMED
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 …

Continue reading “Chamber to launch tourism association”

by ZARRIN TASNIM AHMED
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 …

Continue reading “Territory observes Global Money Week”

by ZARRIN TASNIM AHMED
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, …

Continue reading “St. Maarten to lower flight tax to VI”

by ZARRIN TASNIM AHMED
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 …

Continue reading “Before review, 18 laws passed in two days”

by ZARRIN TASNIM AHMED
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 …

Continue reading “OECD okays supplementary review”

by ZARRIN TASNIM AHMED
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 …

Continue reading “16 bills rushed ahead of international review”

by ZARRIN TASNIM AHMED
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 …

Continue reading “Deposit insurance to launch in Q3”

by ZARRIN TASNIM AHMED
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 …

Continue reading “PPP back on table for runway expansion”

by ZARRIN TASNIM AHMED
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 …

Continue reading “Officials push back against European Union blacklist”

by ZARRIN TASNIM AHMED
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 …

Continue reading “21 take part in Branson business training”

by ZARRIN TASNIM AHMED
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 …

Continue reading “Shipping Registry still aims to be statutory body”

by CLAIRE SHEFCHIK
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 …

Continue reading “Bankers: Government can’t always step in”

by Alva Solomon
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 …

Continue reading “Virgin Gorda resort offers int’l copter flights”

by CLAIRE SHEFCHIK
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” …

Continue reading “Public service touts ‘transformation’”

by ZARRIN TASNIM AHMED
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 …

Continue reading “BVIF-funded report touts financial industry”

by CLAIRE SHEFCHIK
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” …

Continue reading “VI and USVI reach new deal for boats”

by CLAIRE SHEFCHIK
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 …

Continue reading “Arbitrators aim for balance amid sanctions”

by CLAIRE SHEFCHIK

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