British Virgin Islands
Registering a vessel in the British Virgin Islands with O'Neal Webster is easy as 1, 2, 3.
There are no taxes or duties payable as a consequence of the execution of an aircraft or engine sale agreement (including for the sale of an ownership interest in an entity) where the asset is either located physically ...
There are no restrictions on foreign lenders financing an aircraft locally, nor on borrowers using the loan proceeds.
The recently published Merchant Shipping (Amendment) Act, 2018 ("MSA") became law on 18 January 2019 ...
The Department of Transport, Tourism and Sport ("DOTTS"), is the Government department responsible for aviation policy in Ireland.
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 British Virgin Islands is becoming an increasingly popular jurisdiction for aviation finance, not only in the private and corporate jet sectors, but also in the commercial aircraft sector.
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.
The British Virgin Islands ("BVI") is becoming an increasingly popular jurisdiction for aviation finance not only in the private and corporate jet sectors, but also in the commercial aircraft sector.
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.
The British Virgin Islands is becoming an increasingly popular jurisdiction for aviation finance transactions in both the commercial and business jet sectors.
A new system for registering security over aircraft and aircraft engines recently came into force in the BVI.
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.