Category Archives: Articles

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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Protect Your BVI Business Company Assets

For years, the BVI Business Companies Act has provided an attractive and appropriate vehicle to hold property in the BVI and abroad, many finding it a particularly useful strategy in estate planning. But persons who neglect their BVI Business Company … Read more

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Alert: Extension of BVI CRS deadlines

The British  Virgin  Islands Government recently announced  the  extension of the 2017  deadlines  for  notification  and reporting obligations  under  the  Common  Reporting  Standard, or CRS. As a result, BVI financial institutions will now have until June 30, 2017 to register … Read more

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Jamaica’s Consumer Protection Laws

This Q&A excerpt from Christopher Simpson on Jamaica’s consumer protection laws was first published in the Dialogue’s “Latin America Financial Services Advisor,” April 5, 2017. Q: Jamaica’s government is planning to create a new financial services consumer protection agency. Finance … Read more

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BVI Hosts International Disputes at New, State of the Art Arbitration Centre

There is no dispute that the 2017 hard-opening of the new ‘state of the art’ British Virgin Islands International Arbitration Centre signals the BVI’s intent to become the leading arbitral and dispute resolution destination in the Caribbean. The Centre, an … Read more

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Privy Council Offers Guidance on the Treatment of Non-Matrimonial Property in Divorce Proceedings

By Dr. Alecia Johns, Associate Attorney, O’Neal Webster The Privy Council handed down a December 2016 judgment in a matrimonial appeal from the British Virgin Islands which challenged the lower courts’ ruling on the division of property in divorce proceedings. … Read more

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UK Inheritance Tax Deadline Looms for “De-enveloping” your BVI Company

The UK Government’s recent consultation on tax reforms in respect of non-domiciled individuals, whether resident or not, has resulted in a shake-up of company law. The UK has announced that from April 6, 2017, residential property in the UK held … Read more

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Investment Fund Managers “Brexit” to the BVI

In the post-recession economy, investment managers are looking for increased flexibility and ways to maximise investor returns by minimising set up costs, government fees, and other related functionary and advisory costs. That is why many are now “Brexiting” to the … Read more

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Private trust companies: how to obtain the best of all worlds

By Christopher McKenzie, Partner, O’Neal Webster (UK) LLP (October 2016) Abstract This article considers why private trust companies are currently so popular, various structuring issues which those setting up private trust companies should take into consideration, and the private trust companies … Read more

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BVI Beacon Profiles O’Neal Webster Attorney, Dr. Alecia Johns

The BVI Beacon:  Thursday, September 8, 2016 BUSINESS PROFILE of Alecia Johns: O’Neal Webster Dr. Alecia Johns joined O’Neal Webster last year after receiving her doctorate degree in human rights law from the University of Oxford. Dr. Johns, a Jamaican … Read more

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Onshore vs Offshore – is there really a battle?

Over the past few months the issue of offshore jurisdictions and the role they play in the global economy has come under extreme scrutiny, especially from onshore governments seeking to increase tax revenues. The recent Panama Papers Leak has only … Read more

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Give your family a lasting act of kindness—prepare your estate plan now

Creating a Last Will and Testament if you reside in the BVI is both good for you and your loved ones. Having a Will is the cornerstone of an estate plan and one of the most fundamental acts of kindness you … Read more

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O’Neal Webster Receives Licensed Trademark Agent Status Under BVI Trade Mark Act, 2013

Known worldwide for its robust shipping registry, trusts, funds, and corporate law sectors, the British Virgin Islands is emerging as a globally competitive jurisdiction for registering and protecting intellectual property, thanks to the enactment of the highly anticipated Trade Mark … Read more

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The Right to Privacy in the Digital Age | STEP Caribbean Conference 2016

The right to privacy has long been considered a fundamental human right and is widely recognised in numerous regional and international human rights instruments. For example, Article 12 of the 1948 Universal Declaration of Human Rights provides that, ‘No one … Read more

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Corporate Law Evolution at its Best

(A synopsis of the recent amendments to the BVI Business Companies Act) The renowned BVI Business Companies Act which came into effect 2005 and modernised the BVI corporate law regime promulgated under the earlier International Business Companies Act of 1984, … Read more

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BVI adopts OECD’s Common Reporting Standard for financial institutions

By Vanessa King, Partner, Head of Corporate and Commercial Department, O’Neal Webster and Dr. Alecia Johns, Associate, Litigation Department, O’Neal Webster The integrity of tax systems around the world has been challenged for years, stymied by undetected, illegal evasion tactics. … Read more

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