Advanced economies over the last few years have focused on implementing a global minimum corporate tax to thwart what is often dubbed a "race to the bottom”, or the concept of companies strategically shifting their profits from high-tax to low-tax jurisdictions to lower their tax rates. In 2021, world leaders endorsed a global minimum corporate tax rate of at least 15 per cent to encourage companies to pay their fair share of taxes and to limit the benefits of companies’ profit-shifting without biasing where they invest.
Debunking the myths: Participation in global tax initiatives, outlines how the British Virgin Islands (BVI) has signed up to multiple global initiatives which aim to improve transparency and aid in the fight against tax evasion.
This edition in the BVI360° series seeks to correct the inaccuracy in which the BVI is often referred to as a tax haven when it is, in fact, one of the most tax transparent jurisdictions in the world because of all the global tax initiatives it has signed on to over the last 20 years.
With ongoing conflicts and increasing inflation across the world, many leading economists are predicting a global recession in 2023. Now more than ever, the role of the British Virgin Islands (BVI) as a facilitator of investment, trade, and economic growth has become paramount.
BVI360° is a fact-based content series to showcase the full picture of the BVI’s Financial Services Industry.
Resilient BVI: Global Pandemic, we highlight how the BVI’s financial services industry has fared during the Covid-19 global pandemic. The BVI’s financial services industry agility allowed firms to continue operating remotely and working with clients throughout lockdowns and emergency measures.
The international business and finance centre maintained its role as a reliable facilitator of high-profile and high-value transactions throughout 2020 and 2021. This resulted in the industry experiencing the highest growth rates since 2018.
The BVI has established itself as agile, innovative and resilient financial centre, able to adjust to regulatory changes and rebound from economic challenges, natural disasters and global pandemics. International offshore centres like the BVI allow businesses to efficiently trade, transact and invest across borders, which expands markets and increases liquidity.
The BVI plays an important role in helping developing countries without easy access to capital to secure the funds they need for investment, and in turn driving economic growth, job creation and promoting entrepreneurship.
A game of chance for charity!
$20 per person
covers your bingo cards for the night
+ 1 complimentary drink
Route Description: From the Cyril B. Romney Tortola Pier Park, walk in front of the BVI Government Central Administration Complex, take a right a Noel Lloyd's Action Movement Park. After you pass Republic Bank, walk towards the roundabout, continue...
Excessive regulation in the financial services industry has been worth it for the success of the BVI as an International Finance Centre.
covers dinner +1 welcome drink (beer/wine/punch)
Teams of up to 4 people are welcome.
Major respected companies worldwide use BVI Business Companies to manage their cross-border activities. Over 140 major businesses listed on the London, New York or Hong Kong main stock exchanges use BVI vehicles to support their international investment activities.
Companies, institutions and private individuals use them for: holding companies for various assets corporate group structuring; investment business, joint ventures, listings, real estate; family, trust, estate and succession planning; and vessel or aircraft registration.
BVI financial services firms acted on tens of billions of high-value, sophisticated transactions, from initial public offerings (IPOs) and registered direct offerings (RDOs) to complex debt restructur...
Her Majesty Queen Elizabeth II served as Head of the British Monarchy for 70 years, from 1952 to 2022, with grace, poise, and dignity.
Rising like the phoenix from the ashes describes the BVI’s strength after being devastated in 2017 by Hurricane Irma, the longest-lived category 5 hurricane in recorded history. This week’s BVI360°...
How does the British Virgin Islands disincentivises profit-shifting as world leaders move to endorse a global minimum corporate tax rate, is explained in this week’s BVI360° report, Debunking the myt...
Amendment will strengthen the BVI’s reputation and appeal as a leading global financial centre
The British Virgin Islands (BVI) International Tax Authority (ITA) Director met with the financial services industry to discuss new legislative updates and compliance with international standards for ...
To explore this ever-growing area, BVI Finance and leading financial publication Opalesqu hosted a roundtable discussion with a panel of leading practitioners in the BVI.
Blockchain protocols are merely software that anyone, anywhere in the world can run, permitting individuals to interact with others running that same piece of software
In establishing itself as a leader in offshore financial services, the British Virgin lslands continues to trail blaze the path of innovation by persistently examining trends which are developing over time.
The African continent is rapidly developing and changing and the BVI is well positioned to assist countries in growing their economy especially since the "Corporate Council on Africa" noted that seven out of ten of the world's fastest growing economies are in Africa
Kedrick Malone details what the Financial Services Implementation Unit is doing to ensure the sector keeps growing