BVI funds have a long history of being used as alternative investment funds because they are flexible and nimble.
Global Implications for Offshore Financial Centers and Companies in the Wake of EU Economic Substance Requirements
The passage of the EU’s economic substance legislation for most offshore financial jurisdictions has ushered in challenging new criteria. Writing for Trusts & Trustees, the leading international journal on trust law and practice and the official journal of the International Academy…
Navigating the British Virgin Island’s Economic Substance (Companies and Limited Partnerships) Act, 2018
By Kerry Anderson, Partner, Head of Funds & Regulatory Department The European Union continues to push out new rules aimed at offshore financial centers. Specifically, the Code of Conduct Group (CCG) within the EU’s Economic and Financial Affairs (ECOFIN) Council…
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…
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…
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…
BVI Rules Change for Non-Contentious Probate Now in Force
TORTOLA, British Virgin Islands, 28 November 2017 — O’Neal Webster is pleased to report that the Eastern Caribbean Court has adopted new, comprehensive, non-contentious probate rules for the British Virgin Islands. The new rules, which came into force on 1…
Five O’Neal Webster Attorneys Named to Private Client Directory of Globally Recommended Wealth Managers and Advisers
TORTOLA, July 1, 2017 — O’Neal Webster is pleased to announce that five partners were named to Citywealth’s 2017 Leaders List, the private client directory of recommended wealth managers and advisers. Individuals are nominated by their peers or organizations and…
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…
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,…