BVI Finance launches a fact-based content series to showcase the full picture of the BVI’s Financial Services industry called, BVI360.

Good afternoon ladies and gentleman of the press corps and persons listening via social media and radio.

My Administration remains committed to engagement with the press and the public, so I am very pleased to have this press conference today.

The Virgin Islands is taking all requisite steps to ensure that it adheres to its international obligations as an Overseas Territory of the United Kingdom.

This morning, I wish to provide another bi-monthly update on the work that your Government continues to do to deliver transparent and accountable Governance by providing information to the public and answering questions from the media; strengthen the resilience of these islands; and to improve the quality of life for all our citizens.

The British Virgin Islands’ (BVI’s) financial services sector has continued to see strong growth in the first half of 2021, with a 68% increase in company incorporations and almost a three-fold (269%) increase in the registration of limited partnerships (LPs).

The public is invited to tune in to a premiere of Public Eye on Tuesday, April 27 to be updated on the suite of Financial Services Legislative Bills.

The Cabinet of the Virgin Islands has approved the appointment and re-appointment of the Chairman and members of the Financial Services Appeal Board in accordance with Section 3 of the Financial Services Appeal Board Act, 2016.

Today the United Kingdom Government (UKG) has published the draft Overseas Territories (Publicly Accessible Registers of Beneficial Ownership of Companies) Order (Draft Order) and accompanying explanatory note.

The Government of the Virgin will be introducing Bills to support the comprehensive digital transformation of the Public Service and improve e-payments for customers.

Today, I join with the BVI Community in congratulating Dr. Robert Mathavious, LLD on receiving the Order of the British Empire (OBE) recognition from Her Majesty the Queen Elizabeth II for his unwavering services to the British Virgin Islands.