BVI Offshore Business: Grey Area

Capital Blu Management, the newest firm which appeared in the alternative investment scheme sector, payday us fast cash loan,fast cash payday loancash till payday loan,cash loan payday,advance cash cash loan payday paydayloan oneclickcash paydaycash fast loan paydaycash advance loan illinois,5 advance cash illinois loanfull pay video pokerbest video pokerinternet casino craps,internet casino,internet casino gambling gamefree online casino gamblingduces wild video pokercasino link online suggestno deposit bonus online casino,free online gambling casino bonus,online casino bonusplay blackjack online freefree video poker gamescraps free online play,casino craps free gambling online,free online crapsfree online casino,online casino,top online casinoplaying blackjackplay free casinofree casino cash bonus,casino cash,free cash casinofree video poker gamereal money backgammonplay roulette onlinefree casino moneytriple play video pokerfree roulette,free roulette download,play free rouletteroulette gambling,best gambling online roulette,online roulette gamblingplay black jack online freeonline gambling casino,gambling casino online bonus,free online casino gamblingcasino download,free online casino download,download online casino gamemicrogaming casino bonusbaccarat card game,baccarat game,baccarat the internet casino gamecasino no deposit bonus code,online casino sign up bonus,casino bonusvideo poker for winnersvideo poker strategy,free video poker,video pokerkeno gameplay slots,play for fun online slots,free slots play for freecraps rulesplay free slots,free slots,free online slots gameinternational online casinovideo poker machineshand held video pokercraps gambling strategy,craps gambling game,gambling crapsbest casino bonus888 black jackfree online slots no download,no download free slots game,free slots no downloadblack jack downloadplay casino game onlinetournament backgammon888 poker,888 poker info,888 poker tournamentbest online casino bonus this month is going to place an application before the BVI Financial Services Commission to legitimise its operations. However, by words of company’s chief executive Donovan Davis Jr, Capital Blu is willing to accept investments, but only if remitted to its offshore operation in the British Virgin Islands. He also said that the company had initial discussion with the BVI FSC, and now is going to submit an application to move on with receiving the licence.

Capital Blu mainly operates in Melbourne and Florida, and claims to have branch offices in London, Philippines, and Sydney, but the website does not provide much detail about its locations and the people standing behind the company.

Davis, Jamaican by nationality, will organise free seminar in Kingston on the foreign exchange market and wealth creation, to raise interest to his company. Then, Capital Blu is going to hold similar seminars in Trinidad and Hong Kong. He plans to establish a hedge fund in Jamaica, saying that his intent has been conveyed to the FSC. It should be said that the investment schemes operating in this field are all said to trade foreign currency derivatives, and Capital Blu plans to explore the same area. Davis said that, in his talks with the FSC, he seems to be on the same page in terms of the structure.

By words of FSC spokesperson Nadene Newsome, Capital Blu has indicated its intention to apply for a licence as a securities dealer. He said the type of discussions referred to by Davis would not be in the remit of the FSC.

Davis left a comment that he would not accept any investment within Jamaica, until the licensing process is complete – meaning he will not collect funds here. He added that he was quite willing to trade accounts on behalf of clients, but they must send their funds to the BVI.