VI mediates around $638B in investment related to Asia- Hon Lorna G. Smith OBE
Speaking during the Official Celebration of Life for the late Dr Mathavious at Multi-Purpose Sports Complex on Wednesday, October 15, 2025, Hon Smith- due to limited time- chose to focus on Mr Mathavious’ work in Asia.
“Since 1984, over one million companies have been incorporated here. More than 40 percent from China alone. The BVI today mediates around 638 billion dollars in investment related to Mainland China, Hong Kong, and Macau. Our presence there underpins 1.16 million jobs across that region and contributes nearly 3 billion dollars in tax revenues in that part of the world.
“That is the measure of the man whose life we celebrate today,” Hon Smith stated of the late first Managing Director and former Chief Executive Officer of the BVI Financial Services Commission.
‘It all began with Robert’s foresight’
The Junior Minister, who travelled with Mr Mathavious on many occasions to promote the VI as a safe and well-regulated financial services jurisdiction, said even in Hong Kong, they refer to forming a company as “setting up a BVI.”
“That’s how deeply Robert embedded this Territory’s name into global business vocabulary. The BVI has now been operating in Asia for more than 40 years. It all began with Robert’s foresight, building on our IBC Act passed in 1984,” Hon Smith emphasised.
The celebration for the late Mr Mathavious was held under the theme ‘Revered at Home • Respected Abroad • Remembered Forever’.
Many colleagues in the financial services sector, including those from overseas, paid tribute to the late Dr Mathavious, who passed away on Sunday, September 14, 2025, in the United States.
.png)
1.jpg)
.png)
Follow Us On
11 Responses to “VI mediates around $638B in investment related to Asia- Hon Lorna G. Smith OBE”
We can control our own affairs them say
UK is the enemy them say lolo
Yes masa we trust our government masa. They will do what is right with we Tax money. Masa is always right. As a matter of fact masa give y'all self another raise just for this small blunder. Yall deserve it masa
The $638B is a mirage on paper. Is the BVI blowing from all the money flowing/passing through it? Does it Third World infrastructure look like that flow through is directly benefitting the BVI?
Who, are we really trying to fool, here?