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.

Virgin Islands Financial Institutions (VIFIs) are notified that the filing deadline for US FATCA and Common Reporting Standards for the 2018 reporting financial year has been extended to Wednesday July 31.

The size and scale of deals facilitated by the British Virgin Islands’ international business and financial centre has increased both in value and quality as the BVI reports its strongest incorporation numbers in three years.

Virgin Islands Financial Institutions (VIFIs) under the Common Reporting Standards (CRS) and Virgin Islands Constituent Entities (VICEs) for Country by Country Reporting (CBCR) are notified that the BVI Financial Account Reporting System (BVIFARS) is still in the process of being updated.

MONEY MATTERS BVI (the financial literacy programme at the BVI Financial Services Commission) will be hosting a Lunch & Learn event to address issues surrounding Wills and Estate Planning on Wednesday, May 15, from 1:00 p.m. until 3:30 p.m. at Financial Services Commission Training Centre.

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

Premier and Minister of Finance for the British Virgin Islands, the Honourable Andrew A. Fahie announced today the forming of a partnership with the company, LIFElabs.io, for the purposes of providing Rapid Cash Response in the event of an emergency, and also creating an alternative digital currency payment method for facilitating ongoing financial transactions across the network of islands. 

Premier and Minister of Finance, Honourable Andrew A. Fahie has announced that the banking institution, Banco Popular will be offering full banking services to the Virgin Gorda community beginning August 2019.

A BVI delegation will explore ways and means to diversify the Territory’s economy at the Outsource to the Caribbean Conference (OCC) 2019 in Curaçao in May.

Premier and Minister of Finance, Honourable Andrew A. Fahie shared his Government’s vision when he met with officials from the BVI’s financial services industry at the BVI Finance Breakfast Forum yesterday, March 21.