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UPDATE: Micro Business Companies Bill 2017 finally passed!

The intention of the Micro Business Companies Act 2017 is to help small business owners cut back on the red tape for incorporating their companies. Photo: The Allstate Blog
The Virgin Islands House of Assembly met today, November 23, 2017 and spent the entire day in committee stage deliberating the Micro Business Companies Act 2017. Photo: VINO
The Virgin Islands House of Assembly met today, November 23, 2017 and spent the entire day in committee stage deliberating the Micro Business Companies Act 2017. Photo: VINO
WICKHAM'S CAY II, Tortola, VI- After almost three days of debate and House Committee deliberations, the Micro Business Companies Act 2017 was today November 24, 2017 passed in the House of Assembly (HoA).

The Bill is to help small business owners cut back on the red tape for incorporating their companies.

During the last two days of the continuation of the Eleventh Sitting of the Second Session of the Third HoA, members struggled to maintain a quorum as many Legislators were on duty travel, including Premier and Minister of Finance Dr The Honourable D. Orlando Smith (AL).

The HoA will again continue on Thursday December 7, 2017 at 10:00 AM, according to a Parliamentary spokesman Linton V. Leonard.

See previous article published November 23, 2017

HoA met today Nov 23, 2017; to continue Friday Nov 24!

The Virgin Islands (VI) House of Assembly, which is the lawmaking body of the Territory, met today November 23, 2017 quietly, as it continued in a Committee of the whole House.

It was the continuation of the Eleventh Sitting of the Second Session of the Third House of Assembly (HoA).

Elected Members and an Ex Officico Attorney General took all day in committee, as they deliberated over the Micro Business Companies Act 2017.

The Bill is intended to help small businesses to cut back on many of the red tapes of doing business in the Territory, and avoid many of the complex legal burden faced.

The HoA will continue tomorrow Friday November 24, 2017 at 10:00 AM following today's recess at the Ritter House Arbitration Centre, on Wickham's Cay II.

Hurricanes destroyed seat of the Legislature 

The Parliamentary Chambers in Road Town on the main island of Tortola was severely damaged by Hurricanes Irma and Maria, the killer storms that destroyed the British Overseas Territory of the VI in September 2017 leaving death, destruction, widespread looting and panic in the streets for food and gasoline.

Premier and Minister of Finance Dr The Honourable D. Orlando Smith (AL) has estimated that the damages to the islands from the two monster storms is around 3.64 billion US Dollars.

10 Responses to “UPDATE: Micro Business Companies Bill 2017 finally passed!”

  • ta ta (23/11/2017, 22:08) Like (4) Dislike (1) Reply
    So when were we to know there was a meeting?
    • Huu (25/11/2017, 06:15) Like (0) Dislike (0) Reply
      English huu
    • Jack Schitt (26/11/2017, 21:23) Like (0) Dislike (0) Reply
      Read up above in a previous story, it was published and advertised that the 11th Sitting was to continue on the 24th of November. Pay careful attention to the continuation, which is coming up on the 7th of December.
  • POPE (24/11/2017, 06:28) Like (5) Dislike (0) Reply
    I want to see a break down from mr zzzzz
  • Labour Law. (24/11/2017, 10:08) Like (7) Dislike (1) Reply
    We need the labour law amended that makes laid off of workers last resort.. Cutting all staff hours must be first option..Keeping all workers employed should be a priority.. If layoff a must when rehiring those layoff workers must be first called back or if laid off for 3 months one months salary must be given and notice of job status 3 weeks before the 3 months expiration...Workers need better protection..
    • @Labour Law. Making sense (24/11/2017, 15:28) Like (3) Dislike (0) Reply
      You making a lot of sense but our government are not taking us serious...
    • HAHA (25/11/2017, 01:11) Like (2) Dislike (1) Reply
      Until the tables turn and you are the business owner. The first thing Labour needs is qualified staff who understand at minimum the basic principle of business and their operations. Otherwisw its pissing in the wind!
  • My girl (24/11/2017, 19:05) Like (2) Dislike (0) Reply
    Hopefully this helps the little man
  • rewrsdffds (24/11/2017, 22:56) Like (1) Dislike (0) Reply
    We need ham and turkey for Christmas.
  • small business (24/11/2017, 23:15) Like (2) Dislike (0) Reply
    Has any concession been made for small business destroyed that can't afford to rebuild? Must pay $20-30,000 in severance to each long-term employee, just when NO MONEY being made, no money had because wiped out by the hurricane? And then owe FULL PERCENT of that to NHI? (no cap, as in social security?) Oh, and 10% interest will keep adding on. that is insane! might as well demand 500 million dollars, just as possible!


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