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Share Succession Trusts, or SSTs, can hold the secret to protecting your wealth or business when you're gone. Our BVI expert explains. No one can predict the future. Anything can happen, anywhere, anytime.
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The December enactment of the Financial Services Commission Act, established the British Virgin Islands Financial Services Commission as an autonomous regulatory authority responsible for the regulation, supervision and inspection of all financial services in and from within the BVI. The Commission maintains this public list of regulated entities for the benefit of market participants and the public. Search our library for financial services legislation, and guidance, the latest forms and industry and public alerts.
The benefits of using the Territory of the Virgin Islands as a jurisdiction for trusts and estates were the recent focus of an International Finance Centre IFC sponsored roundtable discussion with senior private sector individuals at the BVI House in London. Other areas of discussion included an overview of the different legislations supporting trust business and the impact of the different rules and their uses. Additionally, the participants discussed the typical BVI trust structures and how international developments were likely to impact the sector in the future.
Croix at Sunshine Mall, which will begin operations in December. InPopular opened its first branch in St. Init acquired five additional branches from another financial institution, including one in the British Virgin Islands.
Well-drafted and robust ODRs under a VISTA trust structure are certainly an excellent starting point for any business owner wishing to formalise corporate governance protocols and entrench broader risk management, business and ethical conventions, for the years ahead. Virgin Islands Special Trusts Act. The trustee of the VISTA trust a licensed trustee is not permitted to intervene in the running of the company other than in pre-agreed and identified circumstances and they cannot sell any shares in the company without director consent.
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