Ms. Elise Donovan, Director, BVI House Asia, outlined the role of the British Virgin Islands (BVI) and other international financial centers (IFCs) in the global economy, in a speech she delivered at the Malaysian Wealth Management Forum held at the Hilton Kuala Lumpur.

My Fellow citizens and residents of the Virgin Islands,

I come before you today at the mid-way point of this Government’s term.

I want to take this moment to update you on the progress we have achieved toward fulfilling the promises and commitments we made when you entrusted us to lead.

The Government of the Virgin Islands is pleased to announce that the Beneficial Ownership Secure Search system (BOSSs) has successfully gone live following the 1 July deadline.

BVI Financial Institutions (BVIFIs) are informed that the deadline to submit Enrolment Applications to BVI Financial Account Reporting System (BVIFARS) for CRS has been extended from the June 30, to July 31, 2017 and submission of reports from the July 31  to August 18 2017.

Government of the Virgin Islands received a high level of credit worthiness rating from Caribbean Information and Credit Rating Services (CariCRIS) with a stable outlook.

BVI has proven to be a real, balanced and sustainable economy, despite its relatively small size.

BVI Financial Institutions (BVIFIs) are informed that the BVI Financial Account Reporting System (BVIFARS) is being updated to accommodate reporting under the Common Reporting Standards (CRS) and will be unavailable on Monday, June 19 to facilitate same.

Thank you Mr. Chairman,

I say a pleasant Good morning to members of the Board of the BVI Arbitration Centre, the team here at the Arbitration Centre, and other honoured guests. 

BVI House Asia Director Ms. Elise Donovan has highlighted the role of International Financial Centres (IFCs) in providing security in the ‘Age of Uncertainty’.

Over 450 Chinese financial practitioners were briefed on asset management tools available in low-tax jurisdictions at the China Offshore Summit held on May 24 and 25.