British Virgin Islands
Registering a vessel in the British Virgin Islands with O'Neal Webster is easy as 1, 2, 3.
It is anticipated that the International Tax Authority (the "ITA") of the British Virgin Islands will soon issue its Economic Substance Code (the "Code").
The recently published Merchant Shipping (Amendment) Act, 2018 ("MSA") became law on 18 January 2019 ...
The BVI is amongst a select group of Caribbean destinations that enjoy
the benefits of being part of the United Kingdom's Red Ensign
Group of Registries
The BVI Government has enacted a measure which exempts nationals of the People's Republic of China from the need to apply for a visa to visit the BVI for up to six months for business or tourism purposes.
The BVI Government recently enacted two measures regarding the charter boat cruising permit fees that each charter boat must pay while carrying paying passengers in the Territory.
This Cayman guide to ship finance provides an overview of the key shipping-related issues, legal system and laws in Cayman, and explores the following questions:
In a twist of misfortune, the Claimant's solicitors applied to come off the record immediately before the security for costs application and its demitting solicitors appeared with only instructions to seek an adjournment.
The British Virgin Islands Shipping Registry is now a full
Category 1 Registry allowing the BVI Shipping Registry to register
vessels of unlimited tonnage and type.
It is expected that an announcement will soon be made that will officially signal BVIs upgrade to unrestricted Category I status allowing the BVI registry to register vessels of unlimited tonnage and type.
Shipping business in the BVI is fast developing, and it is important to understand some critical elements, being financing and taking of security.
The British Overseas Territory of the Virgin Islands, commonly referred to as the "British Virgin Islands", is the world’s premier corporate domicile of choice which includes companies owning and operating ships registered in the British Virgin Islands.
The British Virgin Islands (BVI) is currently a tax neutral Category 2 Red Ensign port of British Registry operating under the authority of the Merchant Shipping Act, 2001.
The British Virgin Islands (BVI) Government has recently announced that following a three-year review programme of technical upgrades, the BVI has successfully met the Red Ensign Group’s (REG) Category One standards which will enable them to register large cargo vessels of unlimited tonnage and mega yachts of up to 3,000 gross tons.