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Premier and Minister of Finance Dr. the Honourable D. Orlando Smith, OBE, has announced that the BVI has passed important legislation which addresses the European Union’s concerns over “economic substance” and came into force on 1st January 2019.

Fourteen law firms, who are all members of BVI Finance, have been recognised by Legal 500, a prestigious series that provides the most comprehensive worldwide coverage on recommended Law firms, Lawyers, Attorneys, Advocates, Solicitors and Barristers in over 100 jurisdictions.

The Premier announced today that the BVI Government has responded constructively to the European Union’s listing exercise and will take all reasonable steps to address EU concerns relating to ‘economic substance’.

BVI Finance Limited is pleased to confirm the appointment of Simon Gray as Head of Business Development and Marketing, effective 3rd December 2018. In this role he will lead the efforts of BVI Finance in promoting the territory’s international business and finance services both locally and overseas.

BVI Finance is pleased to announce that the British Virgin Islands (BVI) has won the International Financial Centre of the Year award during the China Offshore Awards held in Shanghai from the 13th - 15th November 2018.

The latest quarterly figures from the BVI Financial Services Commission (FSC) show an annual increase of 20% in new company incorporation figures in the international business and finance centre of the British Virgin Islands (BVI). This further demonstrates the strength and resilience of the Territory as it continues to rebuild.