Category Archives: BVI Companies

Information about BVI Companies.

Capital Economics reports BVI companies allowing to avoid US$750mln tax

According to the new report by British company Capital Economics, the assets held offshore in the BVI jurisdiction are worth US$1.5 trillion, twice more than the 2010 statistics of the International Monetary Fund. Two thirds of the BVI-registered companies are … Continue reading

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BVI FSC publishes statement on OKPAY Inc

The Financial Services Commission has issued public statement concerning the company named OKPAY Inc., to inform the public that the company has never been licensed or regulated by the BVI FSC to carry any type of financial services business. The … Continue reading

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BVI FSC issued public statement on Eleuthera Insurance Limited

The British Virgin Islands Financial Services Commission issued a public statement to protect the public interest and interests of customers and creditors of Eleuthera Insurance Limited, and to make the general public aware that this company is no longer licensed … Continue reading

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New US Treasury Secretary asked for tax haven problem decision

The new nominee of Trump administration for Treasury Secretary, Steve Mnuchin, was asked by Senate about his intention to close down Caribbean tax havens. Members of the US Senate requested details of how it is expected to close the tax … Continue reading

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BVI arm of Mossack Fonseca fined by BVI FSC

The British Virgin Islands Financial Services Commission has fined Mossack Fonseca & Co (BVI) Limited for US$440,000, the largest amount ever issued by the FSC, for the contravention of the Anti-Money Laundering and Terrorist Financing Code of Practice and BVI … Continue reading

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BVI company’s shareholders request for liquidation process

Following the announcement of the troubled oil and gas company Xcite Energy Limited on discussing the deal after which creditors would take under control 98.5% of its share capital, the principal shareholders moved to company’s liquidation. Being not satisfied with … Continue reading

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Sable Mining announces proposed cancellation of AIM trading

For BVI-registered Sable Mining Africa Limited, trading on AIM London Stock Exchange for ordinary shares of no par value has been temporarily suspended from September 14, pursuant to AIM Rule 1. The company announced that some factors including political instability, … Continue reading

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BVI companies allegedly involved in forex schemes

Close relative of ex-Punjab chief minister was asked to appear before the Enforcement Directorate and bring personal financial documents, in connection with probe against him for alleged forex contraventions and failure to pay taxes for foreign assets. He should explain … Continue reading

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BVI company accused of bribery in Liberia

BVI-incorporated company Sable Mining was indicted on bribery, along with Liberia government officials. The grand jury of the country accused the defendants, among which there is the AIM-listed BVI company, of bribery among other crimes, having alleged them of conspiring … Continue reading

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BVI being jurisdiction of preference for Panama law firm

According to the journalist investigations, the BVI’s bearer share laws allowing to omit the names of beneficial owners were used as the British Virgin Islands became the main jurisdiction for corporate formation by the law firm Mossack and Fonseca. When … Continue reading

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