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Since the start of 2008’s global economic crisis, all offshore financial services centres have come under increasing pressure from policymakers. Michael Killourhy, a partner at Ogier, describes the BVI as a "sophisticated, compliant financial services centre where the climate for wrong doers is not so attractive."

In a statement delivered during the First Sitting of the Fifth House of Assembly on Monday, December 21, Premier and Minister of Finance, Dr. the Honourable D. Orlando Smith, OBE provided an update on the Beneficial Ownership Registry and stated, “The crux of the beneficial ownership issue is to ensure that we know who beneficially own BVI companies and have the ability to share that information with competent authorities and law enforcement authorities in a timely manner, if and when the need ...

The British Virgin Islands is now removed from the French list of non-cooperative tax jurisdictions.

Representatives of the Government of the VI has sought further clarification from the EU on the inclusion of the Territory on a pan-EU blacklist of non-cooperative tax jurisdictions published earlier this year.

VISR and SVITZER Americas held a presentation on the opportunities available for persons seeking a career in the maritime industry.

The Financial Services Implementation Unit (FSIU) is now collecting important data from businesses that will shape the future development of the financial services industry.