Tag Archives: Christopher Simpson

BVI Supports Two Million Jobs Globally, Says Independent Report

June 2017, TORTOLA—New data released June 21, 2017 show that the British Virgin Islands financial services industry supports roughly two million jobs in global investment and trade, worldwide. The independent study by Capital Economics found that the BVI mediates over … 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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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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Seven O’Neal Webster Lawyers Recommended by The Legal 500 Caribbean 2017

November 10, 2016 – Tortola – British Virgin Islands-based law firm O’Neal Webster announced today that the firm and seven lawyers in three key practice areas have been recommended by the editor of The Legal 500 in the 2017 Caribbean … Read more

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Five O’Neal Webster Partners recognized in Citywealth’s IFC 2016 Leaders Lists

Oct. 2016, TORTOLA – The prestigious 2016 Citywealth IFC Power Women Top 200 List and 2016 Leaders List (Lawyers) recently recognized five O’Neal Webster Partners. The IFC Power Women recognizes 200 of the most powerful women in government, private wealth, … 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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Announcing: 2016 STEP Caribbean Conference in St. Lucia

Thought provoking, engaging and always leading edge, STEP CC16 —the Society of Trust and Estates Practitioners Caribbean Conference 2016— will showcase the best of the region along with some of the most interesting speakers in the global trust and wealth … 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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Business Companies Act Amendments Breakfast Forum

BVI Finance is hosting another installment in their breakfast forums series on March 9, 2016 from 8:00-9:30 AM. This forum will focus on the 2015 amendments to the BCA and is rightfully titled, “Business Companies Act 2015 Amendments, Cautions and Opportunities.” … Read more

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BVI Business Companies Act to be Further Enhanced

By Christopher Simpson, O’Neal Webster Partner. 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, is to be further enhanced through … Read more

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Unleashing the Power of the BVI Restricted Purposes Company

Modern day company law has largely moved away from the concept of “ultra vires” which sought to limit the ability of a company to enter into transactions outside its stated objects. The British Virgin Islands officially moved away from the … Read more

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