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.

“Seek First to Understand, then be Understood” – the key quote which has driven MONEY MATTERS BVI (the financial literacy program at the BVI Financial Services Commission (BVI FSC)) to try to help residents become more informed consumers when it comes to insurance products - this time, through a Forum on Rising Insurance Premiums scheduled for 28 March 2019 from 6:15 – 8:00 p.m. at the BVI FSC Training Centre, Pasea Estate, Tortola.

BVI Finance today welcomed the European Union’s recognition of the BVI as a cooperative jurisdiction as it has delivered on its commitment relating to economic substance as defined by the EU.

Ladies and Gentlemen of the Virgin Islands,  I am pleased to report to you that the European Union has announced today that it recognises the BVI as compliant with its fair taxation principles as well as being a cooperative jurisdiction.

Last Friday, I brought to the attention of the people of the Virgin Islands a new development in the UK Parliament which sought to amend the Financial Services (Implementation of Legislation) Bill on public registers of beneficial ownership.  

The number of businesses and individuals registering Limited Partnerships in the British Virgin Islands (BVI) increased by 200% between Q2 and Q3 2018, as the Territory’s new partnership provisions came into full effect.

Guidance Notes to compliment the legislative changes made to the Mutual Legal Assistance (Tax Matters) Act, 2003 are now available.