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Member firm Bank of Asia, the first digital bank in the British Virgin Islands (BVI), recently announced the appointment of Dr. Peter Reichenstein as President, effective 15th March 2019.

BVI Finance today welcomed the European Union’s recognition of the BVI as a cooperative jurisdiction as it has delivered on its commitment relating to economic substance as defined by the EU.

BVI Finance welcomes the UK Government’s decision to postpone legislation seeking to force the BVI and other financial jurisdictions to adopt public registers of beneficial ownership by the end of next year.

The number of businesses and individuals registering Limited Partnerships in the British Virgin Islands (BVI) increased by 200% between Q2 and Q3 2018, as the Territory’s new partnership provisions came into full effect.

Chairman of BVI Finance Robert Briant has today paid tribute to the outgoing head of BVI Finance following her “immense contribution” to the jurisdiction’s financial services sector over the years.

BVI Finance held its 3rd Annual General Meeting (AGM) held on 22nd January 2019 and elected three new directors to sit on the board for one and two -year terms.With five positions to fill, a number of industry representatives from a diverse array of sectors covering the legal, trusts and banking sectors were nominated to join the BVI Finance board.