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Marking its unwavering commitment to the financial services industry and to shaping the future of wealth management, BVI Finance and its members showcased robust representation at the recently concluded STEP LatAm 2023 Conference. Held in Bogota, Colombia on September 7 and 8, this event centered around the theme "Building Knowledge Across Borders -Advising Families Today and Tomorrow," drawing a diverse audience of over 375 professionals from across the globe.

A landmark trade mission led by the Deputy Premier and Minister for Financial Services, Labour, and Trade, Hon. Lorna Smith OBE, has culminated in resounding success. The 17-member delegation embarked on a journey from July 30 to August 4 to present the British Virgin Islands' (BVI) robust financial services offerings, the advantages of utilising BVI corporate structures, and the nation's expertise in facilitating global cross-border business.

PMI Group’s Managing Director, Mr. Clarence Faulkner reveals PMI’s strategy to asset management in the BVI, stating, “PMI refrains from taking any assets or money directly from their clients. Instead, all pension plans and private wealth management accounts are established in the name of the respective pension plan or client, with only the trustees or UBOs authorised as signatories demonstrating our commitment to safeguarding the clients' interests.”

The latest edition of the "Taxing Times" roundtable discussion, hosted by BVI Finance, concluded that implementing the Global Minimum Tax (GMT) will not be a one-size-fits-all solution, and individual countries will need to conduct thorough jurisdictional assessments.

The Government of the British Virgin Islands is delighted to announce that the Deputy Premier and Minister for Financial Services, Labour, and Trade, the Hon. Lorna Smith, OBE, will lead a diverse, 17-member delegation on a significant trade mission to Guyana from 30th July to 4th August 2023. The delegation comprises representatives from the financial services industry and various business sectors, highlighting the vast scope of commercial engagement between the two countries.

BVI Finance hosted their annual summer event on Thursday, July 20, featuring the BVI Culture Shock Quiz, an interactive trivia card game based on the Virgin Islands.