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BVI Open For Business Following Hurricane Maria

by Mike Godfrey, Lowtax.net, Washington
25 September, 2017

The British Virgin Islands' financial services promotion agency, BVI Finance, said the territory remains open for business despite Hurricane Maria, the second category-five hurricane to hit the region this year.

Lorna Smith of BVI Finance said: "The full impact of Hurricane Maria is still emerging, but thankfully we were spared the brunt of it as the eye passed south of our islands. Reconstruction efforts have therefore continued along with ongoing humanitarian support."

"For the international business and finance center, Hurricane Maria caused minimal disruption with many firms able to continue providing key services to clients throughout. This is thanks to the successful implementation of business continuity plans, which include many firms partnering with their international networks on an interim basis. Importantly, the company register continues to function via the online portal, VIRRGIN. Furthermore, having temporarily relocated to Castries, Saint Lucia, the Commercial Division of the High Court remains scheduled to start hearing matters on September 25," said Smith.

She continued: "... Looking forward, with the support of key partners, including the Governments of the British Virgin Islands and UK, the British Virgin Islands' international business and finance center – which mediates over USD1.5 trillion of investment globally – will return to normalcy. Fundamentally, despite recent events, the British Virgin Islands remains open for business now and for the future."

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