The Premier of the British Virgin Islands, Dr. the Hon. D. Orlando Smith, OBE, has announced that the restoration of the Islands’ economy is a priority alongside providing humanitarian aid, following the effects of Hurricane Irma.
Although the BVI’s international business and finance centre has been damaged, some offices belonging to the business and finance sector survived, as did the BVI Financial Services Commission, which houses other services such as the corporate registry.
The BVI Financial Services Commission has also announced that full functionality on its online company registration portal VIRRGIN has been restored after being down following last week’s hurricane whilst work is also on-going to address the issues regarding legal and related services out of the BVI and the functioning of the BVI-based Commercial Division of the Eastern Caribbean Supreme Court.
In a statement following the devastating effects of Hurricane Irma, Dr Smith made it clear that restoration of the Islands’ economy will be a priority alongside ensuring requisite humanitarian aid.
The Premier also addressed the challenges facing the business and financial services industry. However, pointing to the co-operation of the private sector, he said: “Many overseas offices have come together to support the BVI and work out the best way of continuing to provide vital business services remotely until the BVI is in a position to bring them substantively back on Island. We are incredibly grateful for the contribution they are making and the efforts being made to help this part of the BVI economy get back on its feet”.
He noted that some offices belonging to the business and finance sector survived, as did the BVI Financial Services Commission, which houses other services such as the corporate registry.
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