The International Tax Authority (ITA) is informing all BVI Financial Institutions (BVIFIs) that the BVI Financial Account Reporting System (BVIFIs) is back online post hurricanes Irma and Maria.

Premier Dr. the Honourable D. Orlando Smith, OBE held constructive discussions with UK parliamentarians on the BVI's recovery, Brexit and financial services in the margins of the Joint Ministerial Council on November 30. 

Speaking at a roundtable event hosted at BVI House London, Premier Dr. Hon. D. Orlando Smith, OBE has welcomed the tremendous support offered by the financial services industry in the wake of Hurricanes Irma and Maria. 

“Offshore financial centres like the British Virgin Islands complement midshore jurisdictions like Hong Kong and Singapore in facilitating globalization,” said BVI House Asia Director Elise Donovan during the Singapore Trustees Association (STA) conference on November 17, 2017. 

Madam Speaker, I am pleased to provide you with an update on financial services in this post Irma period.

“The BVI is the undisputed leader relative to its offshore peers,” said the head of the one of the world’s largest company formation specialists at the recently held China Offshore Summit in Shanghai 31^st to 2^nd November. 

Hong Kong–based BVI financial services industry professionals, Lions Club of Hong Kong IFC and Lions Club of Hong Kong Shouson Hill Charitable Foundation will host a fundraising event in support of the British Virgin Islands post-hurricane recovery efforts.

Premier and Minister for Finance, Dr. the Honourable D. Orlando Smith, OBE addressed leaders of the Territory’s financial services industry today at an update meeting hosted by BVI Finance.

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.

BVI House Asia held Capital Economics Report Asia Launch on June 22 in Regus Conference Centre, Hong Kong, together with BVI team in London. A live streaming presentation conducted by Mr. Mark Pragnell, Head of Commissioned Projects at Capital Economics, introduced “Five Myths Debunked – A Balanced Narrative for the BVI”.