"The light that comes from wisdom never goes out"
The United Kingdom bill that will force the overseas territories to implement public company registers became law when it received a royal assent on Wednesday afternoon. The amendment requires the …
Continue reading “Public registers bill receives royal assent”
About 50 professionals representing businesses across the territory learned about disaster preparedness at the Business Continuity and Disaster Recovery Symposium on May 15. The free symposium, sponsored by the Caribbean …
Continue reading “Local businesses learn about disaster resilience at seminar”
This is the third story in a series on the public company registers amendment passed in the House of Commons on May 1. The first piece looked at the background behind …
Continue reading “Premier: No public register here until it’s a global standard”
Hurricane Irma did not impact the territory’s ability to act as a jurisdiction for offshore mergers and acquisitions, according to a report from the international law firm Appleby. Virgin Islands-incorporated …
Continue reading “Irma didn’t impact VI’s mergers and acquisitions, report says”
In a confidential settlement, The Guardian and the BBC agreed to reveal to Appleby what documents may have supported their reporting during the massive Paradise Papers investigation, according to a …
Continue reading “Guardian, BBC reveal Paradise Papers documents to Appleby”
Recently released Financial Services Commission statistics revealed that the last three months of 2017 saw a strong upward tick in the territory’s incorporation numbers despite the September devastation caused by …
Continue reading “Company numbers climb despite Irma, though industry future remains uncertain”
Cabinet has approved a consumer protection policy framework that will now move to the Attorney General’s Chambers to be worked into potential legislation, according to Marlon Penn, the junior minister …
Continue reading “Consumer protection policy passes through Cabinet”
In time for the 2018 hurricane season, the territory will join a regional insurance programme designed to dispense fast cash in the wake of natural disasters, according to Premier Dr. …
Continue reading “Premier: VI to be better insured by 2018 hurricane season”
Research from the financial services provider Vistra indicates that offshore finance business has been shifting towards “midshore” jurisdictions like Hong Kong. Such jurisdictions offer nonresident companies favourable tax rates while …
Continue reading “Shift towards ‘midshore’ financial centres, survey indicates”
In August, therapist Kelvin Fahie had just opened his addiction-counselling practice, A Place Where Healing Begins, in Road Reef. Thanks to last year’s Kickstart BVI Small Business Loan Programme, he …
Last week, another wave of United Kingdom lawmakers called for the British government to impose public beneficial ownership registers in the Virgin Islands and other overseas territories. Opponents of offshore …
Continue reading “UK MPs wrangle again over company registers in OTs”
Insurance tribunal gets new chair Less than five weeks after announcing that Eric Ball would chair the territory’s new insurance tribunal, government stated Friday that Jack Husbands has been appointed …
The Virgin Islands officially launched a new financial services product designed to draw business from investment funds, according to BVI Finance Limited. Government activated the Limited Partnership Act, 2017, earlier …
A new report from the Caribbean Development Bank estimates the Virgin Islands’ gross domestic product shrunk by 2.7 percent in 2017 and predicts it will grow by three percent this …
Continue reading “CDB: Regional GDP grows despite hurricanes”
Flow network More than 60 percent of Flow’s infrastructure is operational, according to a company press release. On Virgin Gorda and Anegada, Flow’s mobile services are operating at about 90 …
In late 2015, lawmakers passed the Legal Profession Act, which revamped the rules governing the territory’s legal practitioners. Section 27 of the legislation requires the establishment of a “disciplinary tribunal” …
Continue reading “Still no disciplinary tribunal for lawyers”
Airline layoffs Cape Air laid off seven employees in the Virgin Islands following September’s destructive hurricanes, according to Trish Lorino, the airline’s vice president of marketing and public relations. Ms. …
Government issued a formal breach-of-contract notice to BVI Airways on Oct. 31, according to Premier Dr. Orlando Smith. The notice was sent exactly a year after the nonoperational company was …
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The Virgin Islands saw a slight increase in company incorporations over the second three months of 2017 compared to the same period last year, representing one of the first optimistic …
Continue reading “Incorporation numbers see first uptick in years”
BVI Finance events BVI Finance Limited, the largely government-funded private organisation charged with promoting the Virgin Islands financial services industry, is scheduled to host multiple events in Colombia in September. …
Grand Cayman is halfway done with a massive expansion of its international airport, the Cayman Islands Airports Authority announced last week.
It’s a typical August Wednesday, hot and sweaty. There is no breeze to dilute the sun’s heat, but small waves roll invitingly onto the edge of Lambert Bay’s expansive beach.
Health City Cayman Islands has partnered with cardiologists and other physicians from around the Caribbean to offer tertiary care to patients throughout the region, according to a press release from …
Continue reading “Cayman-based hospital establishes flight to St. Maarten”
Food safety checks Environmental Health Division officers will be conducting spot checks throughout the territory to ensure supermarkets and restaurants are maintaining proper food safety procedures following the flooding this …
“Everything was wiped out,” “destroyed,” “totally damaged” — these were the words of just some of the people whose businesses were struck by last week’s ferocious thunderstorm.
