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BVI Finance welcomes the announcement by the OECD Forum on Harmful Tax Practices (FHTP) which acknowledges that the British Virgin Island’s domestic legal framework meets the Substantial Activities Standard introduced in November 2018.

With an underlying theme of digitalization, Deputy Managing Director, Corporate Services of FSC Jennifer Potter-Questelles emphasized the importance of embracing digitalization in the industry in her keynote address. She said that “digitalization is our ticket” and as the FSC continues to innovate, the industry is encouraged to do the same at all levels of their organisations.

BVI Finance welcomes positive comments made by the UK Home Secretary reflecting the level of cooperation between UK and BVI law enforcement authorities, following a review into the implementation of the Exchange of Notes (EoN) on Beneficial Ownership information, 18 months after its initial introduction.

The number of new Limited Partnerships in the BVI experienced an 81% annual increase in Q1 2019, according to the latest figures from the BVI Financial Services Commission (FSC).

The size and scale of deals facilitated by the British Virgin Islands’ international business and financial centre has increased both in value and quality as the BVI reports its strongest incorporation numbers in three years.

Member firm Ogier has advised Lenta Limited in relation to the all cash offer for Lenta by Severgroup LLC.