The British Virgin Islands International Finance Centre will be sending a
delegation to London in October to undertake a series of presentations
updating executives involved in the trusts and corporate business sector on
the the growth of the BVIs' trusts and corporate business industries, their
regulatory environment and current trends and opportunities in offshore finance.
The delegation will include Christopher McKenzie, partner, Walkers BVI, Kenneth
Morgan, partner, Rawlinson & Hunter (BVI), Peter Larder, managing director,
AMS Group and Helene Lewis, partner, SimonetteLewis.
The BVIFC will host evening presentations for London-based executives in the
trusts and corporate business industries on Tuesday October 2nd and Wednesday
October 3rd respectively. Both events will take place at The Dorchester at 6.30pm,
followed by a cocktail reception.
The seminars will feature speakers from both the Public and Private sectors
to bring the London market up to date with the growth of the BVI’s trusts
and corporate business industries, their regulatory environment and current
trends and opportunities in offshore finance.
Practitioners in the London trusts and estate planning and corporate business
markets and other interested parties who wish to attend should contact George
Farquhar at george.farquhar@fd.com.
The BVI International Finance Centre will also be arranging a series of tailored
meetings with London’s leading private banks and corporate law firms,
hosted at the offices of the respective firms.
Sherri Ortiz, Chief Operating Operator of the BVI International Finance Centre,
comments: “The British Virgin Islands has enjoyed a long and fruitful
working relationship with the London business and professional community and
we are delighted to be back in London to update these sectors of the market
on the BVI’s international financial services offer.
“The BVI has long been the leading international jurisdiction for corporate
business. We are now also recognised as a key player in the trusts and estate
planning market. We look forward to presenting and discussing existing opportunities
with key practitioners in London next month.”
The BVI IFC has played a pivotal role in the promotion and marketing of the
BVI as a leading financial centre. Established in 2002 as part of the Government’s
commitment to support the financial services industry, the aim of the IFC is
to give a voice to the BVIs financial sector. The IFC is committed to ensuring
that the BVI retains the unique balance it has created in having a sound regulatory
framework, an entrepreneurial business community and a government that is committed
to developing innovative legislation.
The launch of the Centre marked the final stage in the government’s plans
to separate the marketing/promotional and regulatory/supervisory functions of
the Territory’s financial services industry. Financial regulation is now
the sole responsibility of the BVI Financial Services Commission, which was
also established in 2002.
Figures released in June by the BVIFC revealed that more than 65,000 Business
Companies were registered in the British Virgin Islands in 2006, representing
a 12% increase on 2005’s figure and establishing a new record for annual
BVI company registrations.
The total number of BVI companies on its Register – both International
Business Companies and BVI Business Companies – stood at nearly 775,000
as at December 31st 2006.