Redomiciling to the BVI: A wise choice for many companies in the COVID-19 era

Companies often consider “what if” they could transfer to another jurisdiction based on what is currently happening in their jurisdiction, or simply to take advantage of the regime and benefits offered by another jurisdiction. This era of COVID-19 is unprecedented … Read more

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O’Neal Webster Advises on JPY 3.8 Billion British Virgin Islands Plan of Arrangement

O’Neal Webster has advised on a JPY 3.8 billion British Virgin Islands plan of arrangement which was recently approved by the Eastern Caribbean Supreme Court (British Virgin Islands) on April 6, 2020. Articles of arrangement were subsequently filed with the … Read more

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Important notice for all BVI institutions reporting under FATCA or CRS

The BVI ITA has announced that it will be extending the enrollment and filing dates for both FATCA and CRS reporting under the BVIFARS. The new dates for FATCA will be July 31, 2020 for enrollment and  August 31, 2020 for filing. For … Read more

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EASTERN CARIBBEAN SUPREME COURT ADOPTS MEASURES FOR ALTERNATIVE EFFECT OF SERVICE ON BVI BUSINESS COMPANIES

Prior to the impact of COVID-19, effect of service of a claim form or other document on a BVI Business Company was attained by the physical delivery of service at the company’s registered office or registered agent’s office.  On 23 … Read more

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WHAT BVI EMPLOYERS NEED TO KNOW AND DO IN THE PRESENT COVID-19 BUSINESS ENVIRONMENT

Over the past few weeks, British Virgin Island authorities and the business community have been actively monitoring the rapidly evolving COVID-19 disease. With the surge of reported cases around the world, and now in the Caribbean, all major stakeholders in … Read more

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BVI FSC Extends Annual Licence Fee Payment Deadline for Certain Licensees

An important notice came from the British Virgin Islands Financial Services Commission (the Commission) on March 23, 2020. The Commission acknowledged the possible business disruptions that the global pandemic COVID-19 may present for certain licensees in complying with the upcoming … Read more

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Eastern Caribbean Supreme Court Adopts Measures to Ensure Continuity in Response to COVID-19 Impact

O’Neal Webster hopes that you, your family, your co-workers, and communities are staying healthy and positive during these challenging times. With the surge of the new coronavirus COVID-19 cases around the globe, and now in the Caribbean, all major stakeholders … Read more

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COVID-19 Notice

Dear Clients, Colleagues, and Friends: Responding to business disruptions is not new to us at O’Neal Webster. Having weathered the impact of Hurricanes Irma and Maria in 2017 puts us in good stead to face and deal with the uncertainty … Read more

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Making a Will Won’t Kill You

Why Shareholders of BVI Companies and the Owners of BVI Real Property Should Consider Executing Wills Many people tend to put off the preparation of a will to a future date, but there are numerous reasons to grab the bull … Read more

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O’Neal Webster Managing Partner Elected to Chair of STEP Caribbean and Latin America Region Committee

FEB 25, 2020. BRITISH VIRGIN ISLANDS – STEP, the global professional body of trust and estate professional advisors, has announced that O’Neal Webster Managing Partner Vanessa King has been elected to chair the STEP Caribbean and Latin America Region Committee for … Read more

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EU Upgrades BVI to Whitelist Status

BVI government welcomes whitelist status announcement. Blacklist expands to include 12 jurisdictions. On 18 February 2020, EU Finance Ministers updated the EU list of non-cooperative tax jurisdictions, upgrading the British Virgin Islands to whitelist status, which designates the country as a fully … Read more

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New Regime for BVI Closed-End Funds Brings Major Changes

The British Virgin Islands government recently passed new legislation affecting the funds industry. In particular, the new BVI Securities and Investment Business (Amendment) Act, 2019 institutes a supervisory regime for closed-ended funds, with the following major changes. Most closed-ended funds will … Read more

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Revisiting and Resisting Freezing Orders

Freezing orders are one of the most important weapons in a court’s arsenal to prevent parties from disposing of or dissipating assets to ensure they will be available to satisfy a potential future money judgment. In the British Virgin Islands, the court is … Read more

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Benefits of a BVI Trademark:

Classification of goods and services in protecting particular brands in the British Virgin Islands As we enter into a new decade, we cannot over emphasize the importance of protecting your brands. In this digital age, trademarks are becoming more vulnerable … Read more

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Set Sail with O’Neal Webster

How to Register your Vessel with the Virgin Islands Shipping Registry Registering a vessel in the British Virgin Islands with O’Neal Webster is easy as 1, 2, 3…set sail! With an admiralty practice that spans over 25 years, we can … Read more

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MITIGATING BVI BUSINESS COMPANY DISRUPTION

Structure your BVI company shareholding to eliminate or reduce delays associated with probate Ease of operation and flexibility are two of the most attractive features of a BVI business company (BVIBC). However, the death of a shareholder can cause disruption … Read more

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BVI Funds – A Smart Bet in Uncertain Times

By Kerry Anderson and Christopher Simpson News outlets, including The Guardian and CNBC, were reporting and market watchers were opining in early 2019 that a slowing world economy forebodes a major global economic shift—possibly another recession. By mid-August, the concern … Read more

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The Substantive Issue of Economic Substance: A BVI perspective

By Christopher Simpson, O’Neal Webster The issue of economic substance is not a new one. More and more, modern companies coupled with new technology and trading practices challenge the notion of “economic substance” for value creation in the traditional sense … Read more

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BVI ITA Releases Economic Substance Rules

The International Tax Authority (ITA) in the British Virgin Islands (BVI) has now released the Rules on Economic Substance (the Rules) which provides guidance on the interpretation of provisions under the Economic Substance (Companies and Limited Partnerships), 2018 (the Act).  … Read more

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OW Sponsors CrossFit Castaway Competition | Raising Funds for Bahamas Relief

O’Neal Webster is pleased to be a sponsor of BVI CrossFit Castaway’s upcoming competition to raise funds for the Bahamas relief efforts. We hope you will join us in supporting the event where 34 competitors will be smashing it out on … Read more

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