The number of new companies incorporated in the Virgin Islands in 2023 slumped to its lowest level for 25 years, new figures show. The tally for the final quarter of …
Q3 incorporations tick up slightly
More companies were incorporated in the territory in the third quarter of 2023 than in the previous three months, a bright spot for a financial services sector that has grappled …
Hotel coming to Port Purcell as JOMA signs deal with government
The ongoing redevelopment of Port Purcell took another step forward last week when government signed an investment agreement that will see Virgin Islands developer JOMA Properties Ltd. build a 65-room …
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EDITORIAL: Anti-money laundering regime must be improved dramatically
The Virgin Islands received a harsh wake-up call last month. The latest mutual evaluation by the Caribbean Financial Action Task Force highlighted glaring deficiencies in the territory’s systems for combatting …
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BVI Finance hosts crypto forums
Virtual assets offer various opportunities for the Virgin Islands financial services industry, but they also bring risks and regulatory complications, panellists said last week during the second of two related …
EDITORIAL: 2023 was a year of healing and laboured progress
As the Virgin Islands approaches the New Year, it’s prudent to reflect on the many high points of 2023 and to analyse what could have gone better. In many ways, …
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EDITORIAL: Finally, airport business case put to tender
It’s about time. After more than a decade of bumbling attempts to expand the Terrance B. Lettsome International Airport, government is finally taking the proposal back to the drawing board …
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EDITORIAL: Blacklist removal is welcome, but VI must be vigilant
We were decidedly pleased by the European Union’s recent decision to remove the Virgin Islands from its blacklist of “non-cooperative” tax jurisdictions. However, with a Caribbean Financial Action Task Force …
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Overseas territories ministers meet with UK leaders in London
The United Kingdom’s planned overseas territory strategy, public company registers, and other topics were on the agenda this week in London when OT leaders met with senior UK officials at …
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Q2 incorporations hit 23-year low
Company incorporations dropped sharply in the second quarter of this year, continuing a downward trend that could see 2023 set a two-decade record by underperforming successive 20-year lows in 2019 …
Financial training offered for teens
There are many paths to a career in the financial services industry, and Virgin Islands firms are collaborating to offer youths a free opportunity to learn more about the sector. …
EDITORIAL: Rebranded ministry a double-edged sword
We see a step forward and a step backward in the new government’s decision to replace the former Ministry of Natural Resources and Labour with the rebranded Ministry of Financial …
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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 …
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EDITORIAL: The highs, lows and lessons of 2022
An optimistic look back on 2022 might conjure a year-end image of the Virgin Islands as a phoenix preparing to rise from the ashes of its former self. And after …
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EDITORIAL: Finally, direct flights to the United States
At a time when access limitations are one of the territory’s most intractable problems, the National Unity Government has scored a major victory by securing direct flights between here and …
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Incorporations fall hard in Q2
Incorporations toppled in the second quarter, suggesting that 2022 won’t reach the heights of 2021, according to the latest quarterly report from the Financial Services Commission. Q2 2022 saw just …
Under fire, finance industry pushes back
The Virgin Islands financial services industry generated $196 million in revenue for the territory last year, up from $189.75 million the previous year, and kept the economy largely afloat during …
NOTICES (August 11, 2022)
APPOINTMENT NOBLE EDGE LIMITED (In Voluntary Liquidation) Company Number: 2000167 Notice is hereby given pursuant to Section 204(1)(b) of the BVI Business Companies Act, 2004 that the Company is in …
Notices (July 7, 2022)
BVI BUSINESS COMPANIES ACT, 2004 Atlanna Group Ltd. (the “Company”) a BVI Business Company BVI Company N° 2009843 NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204(1)(b) …
Notices (June 23, 2022)
THE BVI BUSINESS COMPANIES ACT, 2004 KENLING GROUP S.A. BVI Company N° 1854313 (the “Company”) a BVI Business Company NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section …
NOTICES (May 26, 2022)
SIRS HOLDINGS LIMITED (In Voluntary Liquidation) Company No.1956993 Notice is hereby given pursuant to Section 203, subsection 3 of the BVI Business Companies Act, 2004 that the Company is in …
Financial services copes with Fahie fallout
The Virgin Islands financial services industry rushed to distance itself from the Miami arrests last Thursday of Premier Andrew Fahie and BVI Ports Authority Managing Director Oleanvine Maynard — as …
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NOTICES (May 5, 2022)
APPLICATION FOR LIQUOR LICENSE We, Carolin Romney-Peters and Ezra L. Peters now residing at West End, Tortola, do hereby give notice that it is our intention to apply to the …
NOTICES (April 28, 2022)
APPLICATION FOR NATURALIZATION Notice is hereby given that Joshanna Neil Rankine, Huntum’s Ghut, Tortola, British Virgin Islands is applying to the Governor for naturalization as a British Overseas Territories citizen …
NOTICES (April 24, 2022)
LITTLE LOU HOLDINGS LTD. (the Company) (In Voluntary Liquidation) Company No. 1411161 NOTICE is hereby given pursuant to Section 208(3) of the BVI Business Companies Act, 2004 that the Company …