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Property & Business

Articles and news related to property and business transactions in the BVI.

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Explainer: New Rules for BVI Non-Belonger Landholders

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O'Neal Webster
folder_openArticles, Jamealya Fahie, Property & Business
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The BVI (British Virgin Islands) Ministry of the Environment, Natural Resources and Climate Change (the Ministry) adopted new Non-Belonger Landholder Licensing process rules. Automatic rental permission is one of several welcome policy changes. The updated procedures—Policy No. 1 of 2023—were…
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The Latest Developments in the BVI’s Business-Friendly Corporate Law Regime 

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O'Neal Webster
folder_openArticles, Corporate & Commercial, Firm, Investment Funds & Regulatory, News, Property & Business
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The Business Licensing Act, 2022, which supplements the Virgin Islands Investment Act passed in 2021, has recently been enacted (August 2022). These two acts collectively aim to increase investment by providing new opportunities for local and foreign businesses in the…
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VASP Act 2022 BVI_View of Tortola

British Virgin Islands: A Country of Proud Landowners

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O'Neal Webster
folder_openArticles, Jenelle Archer, Property & Business
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By Willa Tavernier, O’Neal Webster BVI. What was once a group of islands thought to be settled by accident rather than by design, has now, rather aptly, been termed “the treasure under our feet.” The latter phrase was used by JR O’Neal, a noted…
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New BVI Insurance Code of Conduct to Take Effect July 2021

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O'Neal Webster
folder_openArticles, Christopher Simpson, Corporate & Commercial, Property & Business
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Insurance Code of Conduct for BVI domestic insurers, insurance intermediaries, and loss adjusters to take effect July 6, 2021 The BVI Financial Services Commission recently announced the issuance of the Regulatory (Insurance Code of Conduct) Code, 2021 (Insurance Conduct Code)…
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O’Neal Webster Acts for Scotiabank on the Sale of its BVI Operations

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O'Neal Webster
folder_openArticles, Banking & Finance, Corporate & Commercial, Firm, Investment Funds & Regulatory, News, Property & Business
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O’Neal Webster advised The Bank of Nova Scotia, a leading bank in Canada and leading financial services provider in the Americas, on the sale of its British Virgin Islands operations to Republic Financial Holdings Limited. The O’Neal Webster team was…
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The Striking Off and Restoration of BVI Companies

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O'Neal Webster
folder_openArticles, Corporate & Commercial, Litigation, Property & Business
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By Asha Johnson-Willins British Virgin Island law sets out clear procedures for striking off, dissolution, and restoration of BVI companies. Governed by the BVI Business Companies Act and the Insolvency Act, the procedures apply to BVI Business Companies as well…
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