Headwinds, or an opportunity ahead?

Featured in BVI Beacon

Virgin Islands


...is this the limit of what the VI has to offer at a moment when its central role in global finance offers a golden opportunity to shine? Whether the territory is merely “going with the flow” or leaning into the opportunity to demonstrate the effectiveness of its (as yet not public) company register, remains to be seen. Other members of the UK’s global financial empire — Jersey and the Cayman Islands — are ahead in the numbers game, having frozen Russian assets worth approximately $7-8 billion each. Apples cannot be compared with oranges, and this may be an entirely unfair comparison, but the VI’s peers are certainly making the most of the public relations opportunity offered by the tragedy of Putin’s war in Ukraine. Those who persistently criticise the VI will be quick to draw conclusions....