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O'Neal Webster-BVI Law- Road town on Tortola the capital of British Virgin islands

EU Upgrades BVI to Whitelist Status

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O'Neal Webster
folder_openArticles, Corporate & Commercial, Investment Funds & Regulatory, Kerry Anderson, News, Shipping & Admiralty
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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…
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New Regime for BVI Closed-End Funds Brings Major Changes

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O'Neal Webster
folder_openArticles, Investment Funds & Regulatory, Kerry Anderson, News
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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…
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Benefits of a BVI Trademark:

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O'Neal Webster
folder_openArticles, Feroza Kartick, Intellectual Property, Property & Business, Vanessa King
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Classification of goods and services in protecting particular brands in the British Virgin Islands We cannot over emphasize the importance of protecting your brands. In this digital age, trademarks are becoming more vulnerable to infringement. Mass production and counterfeit products…
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BVI Business Company

MITIGATING BVI BUSINESS COMPANY DISRUPTION

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O'Neal Webster
folder_openArticles, Asha Johnson-Willins, Christopher McKenzie, Corporate & Commercial, Jenelle Archer, Kerry Anderson, Property & Business, Trusts & Estates
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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…
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The Substantive Issue of Economic Substance: A BVI perspective

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O'Neal Webster
folder_openArticles, Christopher Simpson, Corporate & Commercial, Investment Funds & Regulatory
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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…
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BVI ITA Releases Economic Substance Rules

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O'Neal Webster
folder_openArticles, Banking & Finance, Christopher Simpson, Corporate & Commercial, Investment Funds & Regulatory, Kerry Anderson, News, Property & Business
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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). …
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Evolving World Economy in BVI

Sailing Into the Headwinds of an Evolving World Economy

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O'Neal Webster
folder_openArticles, Corporate & Commercial, Investment Funds & Regulatory, Kerry Anderson, News, Property & Business, Vanessa King
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The world economy continues to grow, not only in complexity but in competitiveness. Although the British Virgin Islands is recognized as a significant contributor to global wealth, the country continues to face headwinds in the race to keep pace with evolving trends…
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