British Virgin Islands: BVI office to open in Hong Kong, local discussions on FATCA, “shock” at France blacklist

3 updates from the BVI, via bvinews:

– The British Virgin Islands is soon to open an office in Hong Kong, with ” specific focus on financial services and promoting BVI business brand, including tourism and new international investment opportunities.” Premier Smith – who will travel to Hong Kong on September 5th for the inauguration of the office – says: “The establishment of the Hong Kong Office will allow BVI here at home to have a physical presence in the Far East, to obtain information in real time, and to better liaise and collaborate with financial services industry partners with offices in that jurisdiction.”

– FATCA is generating heated discussions in BVI. Members of the opposition are calling for ” the government to be stopped from entering into any form of FATCA agreement with the United States”. The article also quotes a local media personality who says that signing FATCA would be ”a constitutional breach that warrants a call for early elections” and that “Britain must put a stop to this immediately”.

– Following the example set by Jersey, Bermuda, and seemingly every other tax haven ever, officials in BVI are “shocked” at being labelled a tax haven. In this case, by France.

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One thought on “British Virgin Islands: BVI office to open in Hong Kong, local discussions on FATCA, “shock” at France blacklist

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