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News

July 1st, 2019
BVI Finance welcomes UK Gov't response to exchange of notes on Beneficial Ownership

ROAD TOWN, Tortola, VI - 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.

June 1st, 2019
VI records strongest Inc. numbers in 3 years - BVI Finance

ROAD TOWN, TORTOLA, VI - BVI Finance is reporting that the size and scale of deals facilitated by the British Virgin Islands’ international business and the financial centre has increased both in value and quality as the BVI reports its strongest incorporation numbers in three years.

May 2nd, 2019
BVI Finance hosts private sector sessions on Economic Substance Code

ROAD TOWN, Tortola, VI – BVI Finance is hosting education sessions for the private sector in Hong Kong and London, as well as in the Virgin Islands (VI), following the publication of the draft Economic Substance Code by the International Tax Authority (ITA).

April 6th, 2019
No money issues in VI – Premier Fahie

ROAD TOWN, Tortola, VI – Premier and Minister of Finance, Hon Andrew A. Fahie (R1), says that with the Virgin Islands Party (VIP) in government and budget estimates in place, the main objective now is to make sure that all the various parts of the Virgin Islands (VI) financial services sector is working together as a unit so that they can overcome challenges.

March 13th, 2019
VI evades EU blacklisting; Premier credits NDP Gov’t

ROAD TOWN, Tortola, VI - After months of uncertainty over whether the Virgin Islands (VI) would be tax blacklisted for not meeting European Union (EU) requirements regarding fair taxation, the top European body announced that it recognises the VI as compliant with its fair taxation principles as well as being a cooperative jurisdiction.

February 15th, 2019
Finally, Lorna G. Smith is Out! Steps down from BVI Finance

ROAD TOWN, Tortola, VI - After some three years plus and many promises to retire, Mrs Lorna G. Smith OBE, has now stepped down as Executive Director of the BVI Finance.

March 14th, 2018
‘We cannot have a de facto premier’ – Skelton-Cline

ROAD TOWN, Tortola, VI- It seems like Dr The Honourable D. Orlando Smith (AL) is not really the man at the steering wheel as Premier of the Virgin Islands, at least in the opinion of commentator Mr Claude O. Skelton-Cline, who has insinuated that the Territory is in fact run by the First Lady, Lorna G. Smith OBE.

September 28th, 2017
VI Reps meet UK private sector group as territory restores critical services

ROAD TOWN, Tortola, VI- Representatives of the Government of the [British] Virgin Islands, BVI Financial Services Commission and BVI Finance met with a group of senior financial and professional services practitioners in London to update on the VI’s progress towards resuming normal service.

July 20th, 2017
Lorna G. Smith Out! Elise Donovan In! as new BVI Finance Boss

ROAD TOWN, Tortola, VI- It has taken almost over a year and months to find a new Director for BVI Finance, a statutory body funded by both the Government and the private sector.

June 21st, 2017
VI is a 'Big Dog' in global investments, trade & jobs

ROAD TOWN, Tortola, VI - A consultancy report commissioned by a government statutory body, BVI Finance, headed by the Premier's wife, Lorna G. Smith OBE, unearthed some glowing information about the British Overseas Territory of the Virgin Islands, in terms of its role on the global financial and economic stage.

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