Establish the BVI as a jurisdiction known for its substantial service offering and ability to attract, facilitate and retain top talent.
We are building a BVI Infrastructure and environment that provides convenient air and sea transportation and seamless telecommunications.
The Terrance B. Lettsome International Airport upgrade and better use of shuttle connections to the Cyril E. King International Airport in nearby St. Thomas are also being developed as priority areas. BVI Infrastructure improvements in the quality and cost-efficiency of telecommunications are projected to be in place by the end of 2015.
The BVI has selected tactical initiatives aimed at developing pockets of excellence on par with our peers.
The Financial Services Report identified 40 potential financial service initiatives to deliver on the aspirations set by the BVI Government. The ideas ranged from the basic and fundamental such as bringing the BVI in line with United States (US) and United Kingdom (UK) foreign Account Tax Compliance Act (FATCA) requirements to the enterprising and audacious such as offering Bitcoin indexed funds and Exchange Traded Funds (EFTs). From this list, 10 priority initiatives were selected based on the potential impact on the financial services sector (e.g., the now established Delivery Unit), and relative implementation (e.g., pursuing tax initiatives). These priority financial service initiatives form the foundation of the financial services transformation for our jurisdiction and will set the territory on a new course for the future.