"The light that comes from wisdom never goes out"
The United States Department of Justice has charged four people with crimes allegedly brought to light by the International Consortium of Investigative Journalism’s Panama Papers expose, according to a DOJ …
Continue reading “US DOJ charges four in ‘Panama Papers’ case”
The Virgin Islands ranked as the second-most-important financial jurisdiction in the world in a recent study published by Vistra, a corporate services provider. The research — titled the “Vistra 2020 …
Continue reading “Vistra study: VI second-most important global financial jurisdiction”
After shutting down following the passage of Hurricane Irma, Necker Island officially reopened in October and has been welcoming groups of up to 30 guests, according to a Virgin Limited …
Continue reading “Necker Island back up and running; no timeline yet for Mosquito”
Last month Cabinet approved a $400,000 settlement offer from Nagico Insurances for the damages Hurricane Irma caused to the BVI Fishing Complex, which hasn’t been operational since the storm. Government’s …
Continue reading “$400k insurance settlement for Fishing Complex approved”
Snorkelling enthusiasts in the Virgin Islands who don’t have their scuba diving certificates now have an alternative way to explore deeper underwater environments: BVI Snuba. Snuba — first conceived by …
Continue reading “Exploring the depths without a dive certificate”
Last Thursday, government officially signed a development agreement with Dr. Henry Jarecki to begin plans for a roughly $200 million project on Norman Island, which is expected to span at …
Continue reading “$200 million Norman Island project moves forward”
This article originally appeared in the Beacon’s print edition on Nov. 22. At a “Money Matters” discussion last Thursday, almost any topic relating to women and finance was fair game. …
Government officials have devised what they believe is a solution to the looming European Union blacklist threat, according to Neil Smith, the executive director of government’s Office of International Business …
Continue reading “Government, European Union in talks over looming blacklist”
Cabinet gave the go-ahead at the end of October for government to negotiate a development agreement for Norman Island with Dr. Henry Jarecki, the island’s owner, according to a report …
A series of snafus with interCaribbean Airways has reportedly caused delays, missing luggage and serious inconveniences for airline passengers in recent weeks. Over the weekend, scores of people commented on …
Continue reading “InterCaribbean errors cause delays across region”
United Kingdom Chancellor Philip Hammond delivered the UK’s autumn budget to Parliament last week, touching on several points designed to further regulate offshore finance. One of the budget’s initiatives is …
Continue reading “United Kingdom to update ‘offshore compliance strategy’”
A dozen former employees of Myett’s are suing the company’s owners for refusing to provide them with severance or notice pay after their jobs were made redundant in the wake …
Scrub Island Resort, Spa & Marina announced a “grand opening” this month after sustaining extensive damage during the passage of Hurricane Irma last year. The announcement means the resort will …
Continue reading “Scrub is back, with full reopening set for Dec. 19”
Members of the BVI Chamber of Commerce and Hotel Association ratified a new board of directors last week and outlined some of the organisation’s goals for the future, including increasing …
Deals targeting companies in offshore jurisdictions saw a massive rise in value in the first half of 2018, according to a new report from the international law firm Appleby. The …
Continue reading “Appleby: Offshore deal value on the rise in 2018”
This article originally appeared in the Beacon’s Sept. 6 “Irma Anniversary” edition. Though Irma’s destruction is still visible throughout Road Town, the capital’s new culinary choices don’t reflect the spartan lifestyle often …
Continue reading “Rooftop tapas, homegrown vegetables and brunch”
The government is paying a tax lawyer in London up to $400,000 to try to derive a legislative solution that will keep the territory off the European Union’s tax-avoidance blacklist …
Continue reading “Government hires UK lawyer in attempt to avoid EU blacklist”
The Wellness Center Behavioral Health Clinic officially expanded its services last month to offer medical care in conjunction with its existing psychosocial support services. Dr. Sharlon Lewis, who previously worked …
Continue reading “The Wellness Center expands to medical services”
Virgin Islands residents hoping for additional consumer protection safeguards this hurricane season are likely to be disappointed as House of Assembly members squabble about who is to blame for the …
Continue reading “Legislators squabble over consumer protection delay”
The National Bank of the Virgin Islands plans to offer “Fast Passes” to sister island residents so they can skip the normal lines while doing their banking on Tortola. NBVI …
Continue reading “National Bank offers ‘Fast Passes’ to sister island residents”
Expatriates making more than $100,000 a year will soon be able to process their work permits much faster than lower-earning employees, according to Government Information Services. The “executive work permit …
Continue reading “High earners to get work permits faster, government says”
Anyone who suffered damages during last year’s hurricane season will be permitted to import certain goods for another month and a half without paying a customs duty, according a remission …
Continue reading “Duty exemptions extended for those who suffered storm losses”
A handful of Scotiabank (BVI) Limited customers were forced to scramble for alternative banking options after the Canada-based bank launched a wave of sudden account closures at the end of …
Continue reading “Scotiabank customers criticise bank’s abrupt wave of account closures”
When Lenette Lewis launched Sageroots, an organic home and skincare product business, she found some of the initial stages of starting her business frustrating. A biologist by training, Ms. Lewis …
Continue reading “Policy in the works to aid small businesses”
N’Khoy Stoutt listened intently as Akeem Lennard described his business. “Glass makes up 15 percent of our waste stream right now and it takes over 2,000 years for glass to …
