PREMIER WHEATLEY DEFENDS PRIVACY SAFEGUARDS IN NEW OWNERSHIP DISCLOSURE RULES

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

GOVERNMENT SEEKS PRICE STABILITY ON FOOD ITEMS AS $7.25 MINIMUM WAGE TAKES EFFECT

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

PEDESTRIAN ACCESS, BEAUTIFICATION, AND DRAINAGE TOP PRIORITIES IN ROAD TOWN RENEWAL

Road Town is preparing for a long-anticipated transformation, as the Virgin Islands government allocates $1.2 million to begin a phased redevelopment of the capital. The initiative will be guided by a public-private partnership model, focused on strategic upgrades, stakeholder collaboration, and sustainable community development. Premier Dr. Natalio Wheatley, speaking during the recent Road Town Partnership … Continued

BVI DOUBLES DOWN ON FINANCIAL SERVICES INNOVATION WITH GLOBAL FINTECH SHOWCASE

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