Category Archives: Articles

Guide to Trust Law & Trustees Services in the BVI

In addition to being the world’s leading international finance centre in which to set up companies, the British Virgin Islands (BVI) is now regarded as one of the world’s premier trust jurisdictions. The general principles of the trust laws of … Read more

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Navigating the British Virgin Island’s Economic Substance (Companies and Limited Partnerships) Act, 2018

By Kerry Anderson, Partner, Head of Funds & Regulatory Department The European Union continues to push out new rules aimed at offshore financial centers. Specifically, the Code of Conduct Group (CCG) within the EU’s Economic and Financial Affairs (ECOFIN) Council … Read more

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Interview with Vanessa King

Legal 500’s recently launched magazine, fivehundred, interviewed O’Neal Webster Managing Partner Vanessa King for the April 2019 edition, talking about talent retention, EU blacklisting, launching a New York office, building a thriving law firm team, and the difficulties of having … Read more

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Buying a BVI Property? Secure a Mortgage with Vendor Financing

Thinking of buying or selling a home in the British Virgin Islands? Securing a mortgage for a property in the BVI can be time-consuming and difficult for foreign purchasers. Many find that their home bank is unwilling to extend credit … Read more

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Thinking of Buying or Selling a BVI Property? Here’s what you need to know.

Thinking of buying a home in the British Virgin Islands? What an exciting prospect—beautiful beaches, year-round warm weather, dramatic views, gorgeous sunsets, exceptionally clear Caribbean waters, and breezes that make for some of the best sailing on Earth! However, before … Read more

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BVI MOVES FORWARD WITH RENEWABLE ENERGY

Opportunities for Residents and Investors In November 2018, the BVI brought into force Renewable Energy Regulations made under a 2015 amendment to the British Virgin Islands Electricity Corporation Act. The BVI is well positioned to generate several forms of renewable … Read more

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Top Ten Questions When Entering Into a BVI Joint Venture

The British Virgin Islands is an ideal home jurisdiction for establishing joint ventures because of the variety of structures available under its laws. The Territory is known for a relentless pursuit of refining and advancing its financial services legal structures … Read more

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BVI Companies and their Registered Agents: A critical relationship

A sometimes overlooked, yet critical, aspect of a British Virgin Islands (BVI) company is the role of its registered agent. Only a registered agent can incorporate a BVI company, and they are essential in its ongoing maintenance. Registered agents are … Read more

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Privy Council Hands Down Judgment in BVI Shareholder Rights

The Privy Council has recently handed down the judgment in Staray Capital Limited and another v Cha Yang [2017] UKPC 43, concerning the circumstances in which majority shareholder decisions to amend the Memorandum & Articles of Association (M&A) of a British … Read more

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British Virgin Islands gains ranking in the global cryptocurrency and ICO market

The cryptocurrency craze is growing with no end in sight despite pushback from some countries, financial institutions, and global corporate giants. For the first six months of 2018, the United States, as the largest cryptocurrency market in the world, had … Read more

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BVI Positioning for International, Direct Investment

A One Stop Shop Solution for Investors The BVI is already the world’s leading jurisdiction for company incorporations, home to over 350,000 registered international business companies (IBCs) that carry on businesses as diverse as green technology, mobile device cases, Styrofoam … Read more

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BVI Takes Lead in Establishing Simple, Transparent, and Inexpensive Incorporation for Microbusinesses Around the World

Microbusinesses are a growing, vibrant, and profitable economic segment throughout the world. Such enterprises provide flexibility for individuals to operate on their terms, according to their skills and passions. Microbusinesses generally are defined by modest annual sales and asset values … Read more

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Guide to Property Purchases in the British Virgin Islands

The recipe for finding your dream property in the British Virgin Islands includes a dash of local knowledge, an adequate measure of adventure, a quantity of trusted counsel, and an appetite for delight! While almost any property in the BVI … Read more

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British Virgin Islands’ New Limited Partnership Act Offers Significant Changes

Best-known for its stunning natural beauty—jewel-colored waters, soft sandy beaches, and lush mountain ridges—the British Virgin Islands also excels among her peers in the international financial services industry. Notably, the Territory is relentless in its pursuit of refining and advancing … Read more

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BVI Private Client Global Guide

O’Neal Webster is pleased to announce its participation in producing the BVI Private Client chapter of The Legal 500 Private Client Global Guide, a comparative guide to private client questions in key jurisdictions around the world. O’Neal Webster partners Christopher … Read more

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Legal and Economic Significance of Offshore Finance in the British Virgin Islands

International financial records recently stolen from two offshore services firms and 19 corporate registries maintained by governments were leaked to journalists and their details subsequently published around the world. But beyond the hype, however, we find no intelligent inferences of … Read more

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Advising the Family Business Through Economic or Emotional Disruption

Grief, shock and the resulting shift in family and business dynamics could be a catalyst for economic and emotional disruption within a family business. What can you do, either to prepare in advance or to react after the event, to … Read more

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BVI Capital Economics Study and History of International Trade Vindicates Offshore Centre

International Trade The history of trade can be traced back for thousands of years, from the early days of bartering to the introduction of money, and now, modern, complex trade and finance arrangements between individuals, countries, and international trade groups. … Read more

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RIP: Winding up a BVI Company Through Voluntary Liquidation

“All good things must come to an end.” – Well-known saying by Geoffrey Chaucer (1374). Why Choose Voluntary Liquidation BVI companies are commonly incorporated without a specific termination period. However, once they have served their useful business purpose their owners … Read more

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BVI’s Updated Beneficial Ownership Reporting Regime Takes Effect

The British Virgin Islands will implement its new beneficial ownership reporting regime on July 1, 2017, by virtue of the recently passed Beneficial Ownership Secure Search System Act, 2017, (BOSSs), which comes into force on June 30, 2017. The Act … Read more

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