IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Glenn Harrigan, ACA of CCP Financial Consultants Limited. Glenn has joined IR as our exclusive Corporate Services Member in British Virgin Islands. As a UK trained Chartered Accountant equipped with over 25 years of Audit, Accounting, Financial Services, Insolvency, Consultancy and […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Calum McKenzie of Folio Corporate Services Limited. Calum has joined IR as our exclusive Offshore Services Member in the British Virgin Islands. Calum has extensive experience working in corporate and fiduciary services, advising on and assisting with the formation and ongoing […]
Lawyer Monthly recently conducted an interview with Calum McKenzie, Director at Folio Corporate Services Limited. Calum McKenzie has worked in the offshore financial services industry for over 16 years. When we last spoke in April 2015, you told me what makes the British Virgin Islands attractive to foreign businesses. Has this changed at all in […]
Read the latest article by Calum McKenzie as published in Hedgeweek. Regulatory and investor pressure have drastically altered the hedge fund industry in recent years. With managers increasingly looking for fund administrators to provide more middle-office and value-added services, whilst at the same time squeezing them on fees, the situation has become a Gordian Knot. […]
The British Virgin Islands has taken steps to enhance its product offering in the investment business sector by creating two new fund products. The “incubator fund” and the “approved fund” are two new lightly regulated fund products which are primarily aimed at start-up emerging managers and those managing funds for friends and family/non-institutional offerings. The […]
This guide outlines the various structure options for holding BVI Property and the basic benefits and considerations attributed to each structure. O’Neal Webster
On 19 February 2015, the Financial Services Commission removed restrictions on the use of the following words in the names of BVI Business Companies – “BVI”; “British Virgin Islands”; “Council”; “Ntl”; “Int”; “Intl”; “VI”; and “Virgin Islands” Prior to this relaxation, these words and others which were all designated as restricted in a September 2011 […]
By “securitisation” is meant the operation by which a securitisation vehicle acquires or takes on risks linked to loans, goods or liabilities accepted by a third party by issuing transferable securities the value or yield of which is dependent on these risks. Practically speaking, a securitisation operation consists of bringing together a group of assets […]
IFLR 1000’s Michael Washburn interviewed O’Neal Webster’s new Partner, Christopher Simpson in relation to capital markets trends for an article published on 11 February, 2015. Click here to read the article. He noted, among other things, that recent legislation in the BVI, such as the approved managers regime, which Simpson describes as a “lighter-touch” regulation for managers desiring to oversee an […]
In BVIHCV 2013/128 Betteto Frett v National Bank of the Virgin Islands (the Bank), the BVI High Court reinforced the principle that injunctive relief would not be easily granted against a bank validly exercising their power to sell real property used as security for bank loans. On the eve of an auction in exercise of the Bank’s power […]
The SOPARFI (Société de Participations Financières) is not a special type of company but an ordinary commercial entity governed by common law, specifically the 1915 Law on commercial companies. It does not enjoy any special tax regime and is fully taxable. There are no restraints on its field of activity. A Soparfi can, however, significantly […]
Christopher McKenzie has been recognised as a private client ‘Leading Individual’ by Who’s Who Legal: Private Client, 2014. This recognition presents the results of six months of independent worldwide research by Who’s Who Legal with both clients and peers. Who’s Who Legal clearly states that it is not possible to buy entry into their publication. They explain that ‘nominees have […]