Author Archives: Mike

BVI company receives non-compliance letter from NASDAQ

BVI-registered agriculture technology company Origin Agritech announced that on June 5, 2019 received a letter from the NASDAQ Stock Market, informing that the company is not compliant with the listing rules. According to the company’s Form 20-F for the fiscal … Continue reading

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The report reveals role of BVI and other UK overseas territories in global tax dodging

According to the report published by the Tax Justice Network, the UK territories of the BVI, Cayman Islands and Bermuda are the ones to contribute the most to global tax avoidance, among all the tax havens, and Anguilla, Guernsey, Jersey … Continue reading

Posted in British Virgin Islands, BVI Companies, Money Laundering, Offshore investment schemes, Offshore secrecy, Offshore tax havens, Tax avoidance, Tax Shelters | Leave a comment

Public Statement issued by BVI FSC

The BVI FSC issued public statement informing the public that Jim Morgan has never been an employee of the Commission or been authorized as its representative. The person is alleged to contact individuals via email, falsely purporting to represent the … Continue reading

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BVI among major money laundering centres listed in US report

The latest US International Narcotics Control Strategy Report, in its part dedicated to money laundering, put the British Virgin Islands on the list of “Major Money Laundering Jurisdictions” for the year 2018. Among other territories listed there were all major … Continue reading

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BVI elections: official observers concerned about campaign financing

BVI Governor Augustus Jaspert is planning to raise concerns of campaign financing during the 2019 General Elections, saying that campaign financing laws would limit the risk of corruption. In the preliminary report of the team of international and independent officials, … Continue reading

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Class action lawsuits filed against BVI corporation, seeking to recover damages

Investors were reminded by Bronstein, Gewirtz & Grossman, LLC that a class action lawsuit had been filed against BVI-incorporated company China TechFaith Wireless Communication Technology Limited and some of its officers. The complaint, initiated on behalf of shareholders who acquired … Continue reading

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C3Nano rejected BVI-owned Cambrios’ patent claim

C3Nano Inc., the world’s performance leader in transparent conductive inks and films used in flexible displays, touchscreens and other products, refuted the claims made by China-based Cambrios, which is a subsidiary of British Virgin Islands-registered CAM Holding Co. BVI company’s … Continue reading

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Caribbean Development Bank conducts assessment of BVI RDA in relation to US$65mln loan

The Caribbean Development Bank (CDB) is making the assessment of whether the Recovery and Development Agency (RDA) is capable of managing funds from US$65mln loan given to the BVI for reconstruction and rehabilitation purposes. During CDB’s annual media conference last … Continue reading

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BVI FSC issued public statement on Global World Technology Limited

The British Virgin Islands Financial Services Commission has issued the Public Statement concerning Global World Technology Limited, to make the customers, creditors and general public aware that this company has never been registered in the British Virgin Islands, and never … Continue reading

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BVI among jurisdictions blacklisted by the Dutch Government

In the end of December 2018, the Dutch Government published a list of 21 low-tax jurisdictions which have corporate tax rate of less than 9 per cent. The Government will implement new anti-tax avoidance measures for the companies having business … Continue reading

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