BVI Finance Articles

In July 2021, BVI Finance convened its first panel of experts to discuss the Organisation for Economic Co-operation and Development (OECD) proposed global tax reforms which had just been endorsed by G7 and G20 countries in the month prior.

While there is continued regulatory uncertainty in the United States and other countries regarding their treatment of cryptocurrencies and other digital assets, the British Virgin Islands (“BVI”) has solidified its regulatory presence in the digital space by enacting its Virtual Asset Service Providers, Act 2022.

Environmental, social and governance ( ESG ) is a topic likely to be high on the agenda in boardrooms across the global community. This is mainly due to the fact that ESG principles now account for a significant element of the analysis undertaken by potential investors when identifying both material risks and growth opportunities associated with both funds and individual companies.

In the wake of the pivotal COP28 conference, International Finance Centers (IFCs) continue to redefine their strategies to align with the new commitments and initiatives set forth for sustainable development and climate finance.

By: Elise Donovan, CEO BVI Finance The world of international commerce is currently spinning on an increasingly unpredictable axis. Mounting geopolitical tensions are remodeling globalisation and increasing barriers to trade.

For our focus group on financial services, we partnered with Business BVI and its Managing Editor and Chief Content Officer Mr. Russell Harrigan, with whom we have done similar roundtables. Together, we were able to gather an eminent panel of the leading senior minds in the sector, who looked into their impressive crystal balls and helped us to suss out what they see as the key challenges, areas of opportunity and trends facing the jurisdiction in 2023 and beyond.

By Elise Donovan, Chief Executive Officer, BVI Finance

Li Keqiang, the Chinese Premier, once said that “changes call for innovation and innovation leads to progress.” This is certainly true of the financial services ecosystem, which has undergone dramatic change over the last decade and seen a raft of new innovation centred around the digital economy. Traditional financial service providers have had to grapple with a host of new challengers entering the space, from digital entrepreneurs through to blockchain and cryptocurrency pioneers.

This standing is set to continue through the BVI’s culture of evolving regulatory provision by benchmarking with the best. Evolving fintech Examples of future fintech developments extend to the promotion of smart contracts such as the Limited Liability Autonomous Organizations (LAO). A LAO is a digitally organised business – a Decentralized Autonomous Organization (DAO) within a corporate structure – with legal standing invariably structured as a limited liability company.

In just over 30 years the British Virgin Islands (BVI) has firmly established itself as one of the world’s leading international finance centres and the go-to jurisdiction for the incorporation of companies – especially those created to facilitate cross-border trade, investment and business.