Category Archives: Articles

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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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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