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News from BVI:




British Virgin Islands

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BVI cleans up after flash flood; tourism Industry remains open for business

August 10, 2017
BVI cleans up after flash flood; tourism Industry remains open for business TORTOLA, BVI -- The British Virgin Islands is in full “clean up mode” following extensive flooding in certain areas of the territory with the hardest impact occurring on the island of Tortola. Heavy and steady precipitation from a tropical wave caused flooding in low lying areas as well as damage to...

Two tropical systems threaten the Caribbean

August 7, 2017
Two tropical systems threaten the Caribbean MIAMI, USA -- Forecasters at the National Hurricane Center (NHC) in Miami are monitoring two tropical weather systems that are currently threatening the Caribbean. Showers and thunderstorms are showing some signs of organization in association with a strong tropical wave located over the...

BVI cabinet approves work permit exemptions for business visitors

July 26, 2017
BVI cabinet approves work permit exemptions for business visitors ROAD TOWN, BVI -- The British Virgin Islands 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 Cabinet has approved the exemption for work permits under the Labour Code...

Commentary: Why not Westminster representation for all British Territories?

July 25, 2017
Commentary: Why not Westminster representation for all British Territories? An influential Tory MP has said that increased devolution powers to the Home countries have made lack of Westminster representation for the Crown Dependencies and the British Overseas Territories a great unfairness. It was time, he said, to end the outdated system of treating them like colonies.

CDB approves funding to support education reforms in British Virgin Islands

July 22, 2017
CDB approves funding to support education reforms in British Virgin Islands BRIDGETOWN, Barbados -- The board of directors of the Caribbean Development Bank (CDB) has approved a US$9.28 million loan to support the government of the British Virgin Islands (BVI) in improving the quality, equity and effectiveness of the education system in the Islands. The Education Sector...

Port development, funding among major Brexit-related issues raised by British territories

July 13, 2017
Port development, funding among major Brexit-related issues raised by British territories LONDON, England (WINN) -- How will Britain leaving the European Union impact on the UK’s Overseas Territories and what kind of benefits can these territories, including those in the Caribbean, gain from Brexit? Those were among the questions asked by a European Union Committee that held an...

Commentary: The structure and impact of transnational corruption in Latin America

July 12, 2017
Commentary: The structure and impact of transnational corruption in Latin America Ángel Rondón, Odebrecht’s Dominican representative, was recently sentenced to one year in prison on corruption charges. Rondón is accused of having organized the distribution of $92 million in the form of bribes among several politicians to secure public work contracts and install a monopoly...

Tropical depression accelerating westward

July 7, 2017
Tropical depression accelerating westward MIAMI, USA -- The Antigua and Barbuda Meteorological Services issued an advisory on Thursday in relation to a tropical depression that, while on the present forecast track, will likely pass a safe distance to the north of the Caribbean on Sunday, any shift to the left of the forecast track could result...

New Miami-BVI air service runs into some turbulence

July 6, 2017
New Miami-BVI air service runs into some turbulence ROAD TOWN, BVI -- The recently announced direct flights operated by BVI Airways between the Terrance B. Lettsome International Airport in the British Virgin Islands and Miami International Airport in Florida appear to have encountered some unexpected turbulence even before take-off.

BVI beneficial ownership search system goes live

July 5, 2017
BVI beneficial ownership search system goes live ROAD TOWN, BVI -- The government of the British Virgin Islands’ beneficial ownership secure search system (BOSSs) has successfully gone live following the 1 July deadline. BOSSs has so far seen significant activity, with the necessary information for tens of thousands of companies having already...

BVI Airways announces Tortola-Miami service

July 1, 2017
BVI Airways announces Tortola-Miami service MIAMI, USA -- BVI Airways is scheduled to launch the first-ever nonstop service between Tortola, British Virgin Islands, and Miami International Airport (MIA) on July 22, with two weekly roundtrip flights on Saturdays and Sundays.  BVI Airways will use BAe Avro 146 RJ100 aircraft to serve the new route.

BVI beneficial ownership search platform goes live June 30

June 27, 2017
BVI beneficial ownership search platform goes live June 30 ROAD TOWN, BVI -- The government of the British Virgin Islands has completed the legislative requirements that pave the way for implementation of the Beneficial Ownership Secure Search system (BOSSs). Developed following an exchange of notes with the UK in April 2016, BOSSs is...

BVI financial account reporting system updated and ready for use

June 20, 2017
BVI financial account reporting system updated and ready for use ROAD TOWN, BVI -- The British Virgin Islands financial account reporting system (BVIFARS) was updated on Monday to accommodate reporting under the common reporting standards (CRS). BVI financial institutions were reminded that the extended enrolment deadline for CRS is June 30.

IMF concludes 2017 discussion on common policies of ECCU member countries

June 16, 2017
IMF concludes 2017 discussion on common policies of ECCU member countries WASHINGTON, USA -- On June 2, 2017, the executive board of the International Monetary Fund (IMF) concluded the 2017 discussion on the common policies of the Eastern Caribbean Currency Union (ECCU) in the context of the Article IV consultations with member countries. Favorable external...

BVI discusses benefits of the Association of Caribbean States

May 29, 2017
BVI discusses benefits of the Association of Caribbean States PORT OF SPAIN, Trinidad -- The British Virgin Islands was represented in an exploratory meeting to discuss the potential benefits of the Association of Caribbean States (ACS) to the territory. BVI London Office director, Benito Wheatley, met with secretary general of the ACS, Dr June Soomer.

BVI joins UK talks on future freedom of movement

May 23, 2017
BVI joins UK talks on future freedom of movement LONDON, England -- A British Virgin Islands delegation and UK government representatives recently discussed freedom of movement to the European Union (EU) for Overseas Territories (OT) citizens at a Brexit technical roundtable in London. Officials from the UK Home Office and UK Department...

BVI promotes unique offer for Africa

May 13, 2017
BVI promotes unique offer for Africa LONDON, England -- BVI Finance, the entity responsible for marketing and promoting the British Virgin Islands’ financial services industry, showcased the jurisdiction’s unique proposition and key role in aiding investment in and from Africa at the Africa Financial Services Investment Conference.

BVI remains top offshore jurisdiction in new report

May 3, 2017
BVI remains top offshore jurisdiction in new report ROAD TOWN, BVI -- The British Virgin Islands (BVI) remains the top offshore jurisdiction in the world, according to the 2017 edition of the Vistra 2020 Report, launched in Hong Kong and Singapore last week. The report ranked the United Kingdom the number one jurisdiction (onshore), followed by Hong Kong...

Country needs assessment missions held in nine OECS member states

April 29, 2017
Country needs assessment missions held in nine OECS member states CASTRIES, St Lucia -- In preparation for the implementation of country poverty assessments (CPAs) in member states, the Organisation of Eastern Caribbean States (OECS) Commission conducted nine country needs assessment (CNA) missions to determine eligible areas for targeted support.

PANCAP hosts youth meeting to discuss ending AIDS by 2030

April 20, 2017
PANCAP hosts youth meeting to discuss ending AIDS by 2030 PORT OF SPAIN, Trinidad -- The Pan Caribbean Partnership against HIV and AIDS (PANCAP) will host a meeting of youth leaders from 19 Caribbean countries on April 21 and 22, 2017 in Port of Spain, Trinidad. The focus of the forum will be a discussion on the role of youth in the national and...

BVI business consultants may soon bid on EU projects

April 11, 2017
BVI business consultants may soon bid on EU projects ROAD TOWN, BVI -- British Virgin Islands business consultants will soon have the opportunity to bid on regional and international projects under the European Union (EU) portfolio. Consultants in the BVI, and other Overseas Countries and Territories (OCT) who are inducted into the Chapter of...

BVI financial services increase transparency and efficiency

April 7, 2017
BVI financial services increase transparency and efficiency HONG KONG -- “The British Virgin Islands (BVI) has continued to take steps towards increasing the level of its transparency as well as enhance international cooperation capabilities and efficiency,” Leon Wheatley, Asia representative of the BVI’s Financial Services Commission, told the...

Most deaths in Caribbean due to non-communicable diseases

April 4, 2017
Most deaths in Caribbean due to non-communicable diseases ROAD TOWN, BVI -- Director of the Chronic Disease Research Centre, Dr Alafia Samuels, has said that heart and respiratory diseases, stroke, cancer and diabetes are significantly affecting the people of the Caribbean. Samuels gave an update on the Port of Spain Declaration signed in 2007 by...

BVI health system commended

April 1, 2017
BVI health system commended ROAD TOWN, BVI -- The government of the British Virgin Islands has been commended on its achievements, as its health system is said to be setting the example for the Eastern Caribbean region. Pan American Health Organisation (PAHO) advisor of health systems strengthening...

US brands Eastern Caribbean countries 'a transit point for drug traffickers'

March 25, 2017
US brands Eastern Caribbean countries 'a transit point for drug traffickers' BASSETERRE, St Kitts (WINN) -- The US State Department has labeled the Eastern Caribbean as a “transit point for drug traffickers going to the United States and Europe”. According to the State Department’s International Narcotics Control Strategy Report (INCSR) released in March, the Eastern Caribbean...

BVI explores post-Brexit relationship with EU

March 24, 2017
BVI explores post-Brexit relationship with EU BRUSSELS, Belgium -- The British Virgin Islands has engaged stakeholders in Brussels on an alternative relationship between the territory and the European Union (EU) after Brexit takes place, that is, the United Kingdom’s departure from the EU. On March 13, BVI EU representative, Benito Wheatley...

Changes in BVI weather patterns observed

March 10, 2017
Changes in BVI weather patterns observed ROAD TOWN, BVI -- The Department of Disaster Management (DDM) has noted changes in weather patterns across the British Virgin Islands when compared to historical data. According to data published on the World Bank Group Climate Change Knowledge Portal, the average temperatures...

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