The BVI Airports Authority announces the phased approach closure of the Territory’s airports, starting today, Monday 4th September 2017, due to the passage of Hurricane Irma.
 

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.

Government is moving proactively to initiate the changes necessary to facilitate more substance-based economic activity in the Territory as part of the BVI Forward campaign.

The Government of the Virgin Islands recognising the need to improve airlift into the Territory for our visitors and residents alike, entered into an agreement with BVI Airways to provide the company with $7 million to operate direct flights between Miami and the British Virgin Islands.

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”. 

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.

BVI House Asia hosted the seminar, “Trusts and the Common Reporting Standard” (CRS), to provide more information on CRS applications to BVI Trusts.

Director of BVI House Asia, Ms. Elise Donovan has advised companies of the advantages of utilising BVI Business Companies as ideal vehicles for cross-border trade. 

Two years after the ground breaking ceremony for the Phase V Power Development Programme, the British Virgin Islands now has an increased electricity supply of 57.5 megawatts (MW) to serve the current 34 MW demand of the Territory.

The BVI Health Services Authority (BVIHSA) received a donation of blankets and art supplies from the Rotaract Club of Tortola.