Author Archives: Mike

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

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

Posted in British Virgin Islands, Offshore investment schemes, Offshore tax havens, Tax avoidance, Tax Shelters | Leave a comment

Aura Minerals suspended operations at San Andres

Aura Minerals Inc., the mining company which two years ago redomiciled to the British Virgin Islands from Canada, made an announcement that one of its main assets, the San Andres gold producing mine in Honduras, has suspended mining operations because … Continue reading

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BVI postpones trade mission to Africa to focus on financial services

The proposed BVI trade mission to Africa which was planned to be held in November, has been postponed until the beginning of the next year. BVI premier and minister of finance, Dr Orlando Smith, who will be leading the delegation, … Continue reading

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Dutch Government to include BVI in the list of low-tax jurisdictions

The government of Netherlands has started series of consultations, planning to review country’s tax treaty policy and make a list of low-tax jurisdictions to apply enforced incoming controlled foreign company (CFC) rules. The CFC rule will be introduced by Netherlands … Continue reading

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BVI company’s suspicious transactions investigated by US federal law officials

The news agency published information about the previously undisclosed complex web of financial transactions, which involved the transfer of money from Russia and Switzerland to the British Virgin Islands, Bangkok and New Jersey. The suspicious money transfers involved the participants … Continue reading

Posted in BVI Companies, Investigation, Money Laundering, Offshore investment schemes, Offshore tax havens, Politician Deals | Leave a comment