The BVI Medical and Dental Council is responsible for:
- assessing medical training programs (both medical school courses and the programs for training medical specialists)
- assessing International Medical Graduates (IMGs) who wish to practice Medicine and Dentistry in the Virgin Islands
- registering medical practitioners
- maintaining professional standards in the medical profession
- advising the BVI Government on the recognition of medical specialties
Loans shall be granted at a preferential fixed interest rate of five percent (5%) for the first year. thereafter, Prime + one and three quarter percentage points, with a floor rate of five percent (5%)
You probably won't get the money all at once. Please note that the bank will require that you send in purchase orders or invoices before releasing any part of the funds. It is imperative that monies borrowed are used for the purposes for which they were granted.
It's going to take some time and paperwork as getting a loan guaranteed means getting involved with the government; and that means spending some extra time on the paperwork and the overall loan process. A government guaranteed loan will be more paper-intensive and take up to four or more weeks be approved.
NO, the term "Guarantee" in the Loan Guarantee Porgramme does not mean that an applicant has an automatic yes or is guaranteed to get a loan. The bank has the final say on what
application will or will not be awarded, with the Government providing the guarantee in the case of default, the bank takes into consideration loans they otherwise wouldn't.
The lender, in this case National Bank of the VI makes the final decision on approving or denying a loan.
For inquiries please contact the Registrar of Non-Profit Organisations (NPO) at the Ministry of Health and Social Development: First Floor, West Atrium Central Administration Complex, 33 Admin Drive, Road Town, Tortola, VG1110, Virgin Islands (British), Tel: 1 (284) 468-2174
An NPO may appeal to the Minister against the decision made by the board within 21 days of receipt of the notice that the application has been rejected.
An NPO cannot operate in the Virgin Islands (British) unless it is registered under the NPO Act, 2012. An NPO that fails to register commits an offence and is liable for a fine not exceeding ten thousand dollars ($10,000) or imprisonment for a term not exceeding six months, or both.
Yes, all NPOs operating within the territory must be registered under the NPO Act, 2012.