Author Archives: Mike

The Dutch government includes BVI on tax blacklist 2020

In the beginning of October, the government of Netherlands announced the launch of consultation on next year’s list of low-tax jurisdictions to enforce existing and future anti-avoidance legislation. The British Virgin Islands is among sixteen countries included on the Dutch … Continue reading

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BVI Government filed a lawsuit against BVI Airways director

British Virgin Islands Premier and Finance Minister Andrew Fahie has confirmed that the BVI government is suing its former attorney Lester Hyman, a director of the defunct airline BVI Airways. In a statement responding to questions about the lawsuit, Fahie … Continue reading

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BVI company announced receiving of Nasdaq delisting determination letter

China TechFaith Wireless Communication Technology Limited, the BVI-based developer, owner and operator of commercial real estate properties, as well as mobile solutions provider in China, has received a delisting determination letter from Nasdaq, setting forth a decision to delist company’s … Continue reading

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BVI FSC issued Public Statement on Quiloxtrade

The British Virgin Islands Financial Services Commission has issued the Public Statement to protect the interests of any customers, creditors and persons who may have conducted business by Quiloxtrade, and to inform the general public that this company has never … Continue reading

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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

Posted in BVI Companies, Class Action, Unethical business practice | Leave a comment