The public, especially the BVI Financial Institutions that have reporting obligations to be satisfied in the year 2017 are being notified that the authority’s email and the web-based portal the BVI Financial Account Reporting System (BVIFARS) are down, as a result of the Tropical Wave that affected the Territory last week.
The Premier and Minister of Finance, Dr. the Honourable D. Orlando Smith, OBE travelled to London this week to put forward the BVI’s core principles for its future relationship with the European Union (EU), as the United Kingdom (UK) negotiates its exit from the EU, and outlined the global opportunities it presents.
Ladies and gentleman, as you may be aware, United Kingdom (UK) Prime Minister Theresa earlier today initiated formal negotiations on Britain’s exit from the EU in an official letter triggering Article 50 of the European Union (EU) Treaty.
The British Virgin Islands has engaged stakeholders in Brussels on an alternative relationship between the Territory and the European Union (EU) after Brexit takes place, that is, the United Kingdom’s departure from the EU.
Between the courtesy call I made, along with other Overseas Territories Leaders, on Prime Minister Rt. Hon. Theresa May and prior discussions with UK Ministers on Exiting the European Union (EU), I am very encouraged that my Government is making progress in advancing BVI's priorities on Brexit negotiations.
The BVI recently co-chaired a European Union (EU) meeting on international tax cooperation between the Overseas Countries and Territories (OCTs) and the European Commission.
At the recently concluded Joint Ministerial Council (JMC) in London, the United Kingdom (UK) Government and the Political Leaders of the Overseas Territories (OTs) agreed to hold special ministerial talks in early 2017 on Brexit negotiations before Article 50 of the Lisbon Treaty is triggered.
The Premier of the Virgin Islands is today urging the UK Government to ensure the BVI – and other Overseas Territories – have high-level engagement in the Brexit negotiations.
The Asia Pacific Region remains a fundamental market for the British Virgin Islands as Premier and Minister of Finance, Dr. the Honourable D. Orlando Smith, OBE concludes the first day of meetings during the BVI Asian Trade Mission.
