The number of new companies incorporated in the Virgin Islands rose sharply in the second quarter of 2024, according to figures released recently by the Financial Services Commission. The tally …
November 15, 2024
November 8, 2024
Firms’ failure to file financials sparked urgent bill
Urgent legislation has been triggered after it emerged that up to 30 percent of companies registered in the Virgin Islands were on track to miss a deadline for submitting financial …
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August 6, 2024
Q1 incorporations bounce back after rocky year
The number of new companies incorporated in the Virgin Islands bounced back in the first quarter of 2024 after slumping to a 25-year low in the previous 12 months. The …
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April 22, 2024
2023 incorporations hit 25-year low
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 …
November 27, 2023
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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October 6, 2023
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 …
October 10, 2022
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 …
July 15, 2022
Incorporations climb in Q1
Incorporations could be on track to top last year if first-quarter trends continue, according to the latest quarterly report from the Financial Services Commission. In 2021, new incorporations in the …
June 2, 2021
New incorporations hit 21-year low in 2020
With just 22,362 new companies formed, 2020 hit a 21-year low for new incorporations, despite a fourth quarter that performed slightly better than the year before, according to numbers recently …
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May 25, 2021
Premier: Financial services helping VI through Covid
With only a modest dip in revenue so far this year compared to early 2020, the financial services industry has continued to buoy the territory’s economy while other sectors have …
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December 15, 2020
SPECIAL REPORT: Incorporations still falling after 20-year lows in 2019
Shortly before the Covid- 19 pandemic began to wreak havoc on the global economy, the Virgin Islands quietly reached its own troubling economic milestone: New company incorporations, long viewed as …
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October 9, 2019
New incorporations hit 16-year low
The Virgin Islands financial services industry continued a downward slide in the second quarter of 2019, incorporating 6,365 new companies to turn in its worst quarter since 2003, when the …
July 11, 2019
Q1 incorporations down 19% from Q4
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 …
June 4, 2019
Financial services had best year since 2015
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 …
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