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Ernst and Young Announces Planned Return to British Virgin Islands

Ernst and Young Announces Planned Return to British Virgin Islands

“Big Four” accounting powerhouse Ernst and Young recently declared its intention to once again establish a substantial presence in the British Virgin Islands (BVI) following an absence of several years. Dan Scott, Ernst and Young’s Managing Partner for Bermuda, the Bahamas and the Cayman Islands announced the initiative, stating that the BVI’s stringent financial services [...]

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Gibraltar E-Commerce and E-Gaming

Gibraltar E-Commerce and E-Gaming

Gibraltar made firm plans in 2000 to develop the local e-commerce industry. The government officially announced that “significant opportunities” for e-commerce businesses would be forthcoming, and that Gibraltar will use Internet technology to become a major force in international commerce. The government of Gibraltar backed up its claims on March 5, 2001 by passing the [...]

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UK Foreign Secretary Promotes Expansion of Caribbean Ties

UK Foreign Secretary Promotes Expansion of Caribbean Ties

The United Kingdom’s top diplomat William Hague plans to lead a delegation of high-ranking British government officials to the UK-Caribbean Ministerial Forum. This will occur at the same time as the British government reviews its relations with the Caribbean territories, such as Anguilla and the Cayman Islands. Foreign Secretary Hague cited the high-level forum delegation [...]

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The Seychelles are strengthening their position as leaders in the provision of offshore services

The Seychelles are strengthening their position as leaders in the provision of offshore services

In order to remain on the OECD white list and not be considered as a tax haven, the Seychelles government has modified the law concerning offshore companies (International Business Companies Act, 1994). The modifications came into force 22 December 2011. This modification will not endanger the confidentiality of companies which have been set up in [...]

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Foreign Investment: InvestHK Reports Record-Breaking Year

Foreign Investment: InvestHK Reports Record-Breaking Year

The foreign investment firm Invest Hong Kong reported that it helped 303 Chinese and foreign businesses to establish or expand operations in Hong Kong during 2011. By completing over 300 projects, InvestHK exceeded its yearly target for the 11th year in a row. InvestHK’s Director-General of Investment Promotion Simon Galpin expressed delight at the year’s [...]

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