Monthly Archives: March 2014

BVI and Cayman Islands businesses not welcomed in Hong Kong banks

According to the recent media publications and information from public and analysts, it has become more difficult to apply for banking services and open bank accounts in Hong Kong, which is one of the world financial centres. Due to the … Continue reading

Posted in British Virgin Islands, BVI Companies, Offshore banks, Offshore tax havens | Leave a comment

BVI Government makes efforts to consolidate national debt

According to BVI Financial Secretary Neil Smith, the Government is negotiating with banks with the purpose to consolidate the US$106 million national debt of the jurisdiction. Mr. Smith told the Standing Finance Committee that they want to reduce the territory’s … Continue reading

Posted in British Virgin Islands, BVI Government | Leave a comment