The Virgin Islands’ new Beneficial Ownership Legitimate Interest Regime officially took effect on July 1, 2025, introducing revised rules for who can access corporate ownership data and under what conditions. Premier Natalio Wheatley said the regime strikes a crucial balance between transparency and protecting individual privacy. The law replaces the previous framework with a system … Continued
Junior Minister for Financial Services and Economic Development Honourable Lorna Smith, OBE, met with representatives from major local supermarkets to discuss measures aimed at maintaining stable prices on essential food items. The meeting held June 27 formed part of the Government’s ongoing efforts to safeguard the cost of living for residents, particularly in light of … Continued
The Destination Digital report launched last week by BVI Finance, reveals the strategic priorities, challenges, and jurisdictional considerations facing global fintech businesses. BVI Finance says that based on the views of 451 fintech executives from the world’s major financial hubs, it finds a striking 94% of global fintech leaders consider cross-border growth either critical or … Continued
While the Virgin Islands faces increased scrutiny in its financial services sector it is important that they continue to market the territory’s offerings. That’s according to Premier and Minister of Finance Dr. Natalio Wheatley who spoke on the sidelines of the Fintech on the Seas Conference held here recently. The conference focused on dialogue, exploration, … Continued
Facing mounting pressure from the United Kingdom over financial transparency, the British Virgin Islands is accelerating its push to modernize its financial services sector — spotlighting FinTech, digital assets, and regulatory innovation as key elements of its national economic strategy. The territory’s efforts were on full display at the FinTech on the Seas conference, held … Continued
A full day of panel discussions, keynote speakers, master class session and networking opportunities for all. The Career Summit 2025 being hosted by HireBVI promises to be an uplifting and inspirating day for professionals ranging from college students to young professionals and seasoned professionals. The event is being held on June 20th at Marias by … Continued
Earlier this month, Vanessa King as chair of the STEP BVI branch presented John Glasson with the STEP Founder’s Award as a token of gratitude for the wonderful work which he has done on behalf of STEP BVI. John Glasson is regarded as the “father” of the BVI’s VISTA trust legislation. He and his wife Sheena … Continued
Employees of VI Motors and interested residents in the British Virgin Islands recently had the opportunity to enhance their expertise in automobile painting technologies, thanks to a specialized training session arranged by the local automobile business which was conducted by Pittsburgh Plate Glass (PPG) Company. The training was led by Henry Bosh, a paint specialist … Continued
Businesswoman, writer and Virgin Gorda resident Karyn O. E. Alexander hopes to increase understanding about the social challenges faced by persons with disabilities with her engaging debut children’s book Zuri’s Great Plan. She even selected December 3rd, the International Day of Persons with Disabilities as the official launch date for her book. This heartwarming story, … Continued
CIBC Caribbean has announced the appointment of Fabian Devonish as Country Head for the British Virgin Islands (BVI), effective December 1, 2024. In his new role, Devonish will lead the bank’s operations in the territory under the Cayman Operating Company. He brings nearly 30 years of experience in the financial services industry, including 24 years … Continued
