"The light that comes from wisdom never goes out"
Price control is “not the focus” of the 99-page draft Consumer Protection Act, 2019, said Junior Trade Minister Sharie de Castro (R-at large), even though she acknowledged that price gouging …
Continue reading “Price control ‘not the focus’ of consumer protection bill”
The Virgin Islands incorporated 7,214 new companies in the first quarter of 2019, representing an approximately 19 percent dip from the previous quarter’s total of 8,916 incorporations and turning in …
Over the past decade, Latin American families have become increasingly likely to declare their wealth to tax authorities in their home countries, according to Martin Litwak, founder of Untitled (formerly …
Continue reading “Latin American transparency could provide opportunities”
Both United Kingdom and United States law enforcement agencies have praised the overseas territories’ systems for exchanging beneficial ownership information, with UK Home Secretary Sajid Javid calling them “extremely useful” …
Continue reading “BOSSS system praised by United Kingdom, United States”
Last month, German authorities announced that they had raided banks, offices and homes as part of a larger investigation into suspected tax evasion linked to a company set up in …
Continue reading “German bank raids linked to VI-based company”
Facing increasing pressure from members of the United Kingdom Parliament, the Crown dependencies of Jersey, Guernsey and the Isle of Man jointly announced last week what they called “a series …
The Caribbean recorded a 12 percent increase in tourist arrivals during the first quarter of 2019 spurred on by a 24 percent rise in arrivals from the United States, according …
The Recovery and Development Agency last Thursday held a conference for bidders interested in repairing homes and erecting temporary housing structures on Tortola, Anegada and Jost Van Dyke. RDA Head …
Continue reading “RDA holds bidders’ conference for temporary housing”
Starting in July, the Willy T floating bar and restaurant will be back where many visitors and residents feel it belongs — in its original location, anchored off The Bight …
Caribbean Development Bank President Dr. William Warren Smith called for private-sector-led “digital transformation” to achieve a sustainable future in the region as it faces external threats from globalisation and natural …
Continue reading “Caribbean Development Bank pushes ‘digital transformation’”
At 11 a.m. on Friday, Jonathan Hing was already ahead of the game. As around 50 of his fellow jobseekers wandered around, he had filled out an application from The …
Continue reading “Hire BVI job fair a place to apply, learn”
BVI Finance has clapped back after the Virgin Islands topped a list of the “most corrosive corporate tax havens” in the world published last week by the Tax Justice Network. …
Continue reading “VI fires back after topping “tax haven” list”
The territory’s financial services industry managed to weather a number of threats from abroad and finished 2018 stronger than the previous two years, as indicated by recently published fourth-quarter 2018 …
Continue reading “Financial services had best year since 2015”
When Judy Varlack-Pickering’s husband died, he didn’t have a will. Still, she thought everything would work out smoothly “because he was my husband.” She soon received a rude shock. “When …
Continue reading “Making a will won’t kill you, says FSC panel”
As the financial services industry faces existential threats from multiple directions, a recent report found good news for the Virgin Islands: The territory is among a small number of offshore …
Continue reading “Vistra: VI retains importance in offshore world”
After years of promises, the territory might finally get consumer protection legislation. Last week Cabinet approved the Consumer Protection Act, 2019, paving the way for a first reading in the …
Continue reading “Consumer protection to be introduced again”
Contractors including salvagers, marine surveyors, project managers, recyclers and others are putting on their thinking caps, trying to figure out the best way to dispose of some 200 derelict vessels …
Continue reading “Nearly 200 derelict vessels to be removed”
In multiple public statements and interviews in recent weeks, top LIAT officials provided contrasting outlooks on the future of the beleaguered airline, which is reportedly facing potential financial collapse. Earlier …
In gauging what did and didn’t go in to the hotly anticipated draft Economic Substance Code released last week by the International Tax Authority, some insiders say one need only …
Continue reading “Draft Economic Substance Code “makes the job easier””
As financial services professionals meet behind closed doors, trying to make sense of the newly released draft Economic Substance Code, Simon Gray, head of business development and marketing at BVI …
When the wind dies down, sailboat charterers in the Virgin Islands often have to switch to diesel power. When they do, the calming sounds of the sea can be drowned …
Continue reading “Charterers choose quiet with new electric yacht”
Starting in August, for the first time in almost a year, Virgin Gorda residents will have access to full banking services, government announced last week. “Following a series of meetings …
A soft insurance market in the Virgin Islands and a surge in payouts from reinsurers has led to rising insurance premiums in the territory, according to Kishma Baronville, general manager …
During the month of February, several more contracts were signed and awarded under the $65 million Caribbean Development Bank rehabilitation and reconstruction loan. Now, nine of 18 consultancy contracts have …
More than three years after the House of Assembly passed legislation to revamp the rules for attorneys in the Virgin Islands, the territory is finally getting a disciplinary tribunal to …
Continue reading “Disciplinary tribunal now in place for lawyers”