British Virgin Islands Business News

The analysis of the latest events in BVI and worldwide, affecting BVI business environment; facts and statistics on BVI International Business Companies involved in global business activities.

Saturday, May 27, 2017

BVI Discussed Freedom of Movement to EU with UK Representatives


Representatives of the UK Home Office and UK Department for Exiting the EU held a meeting with the BVI delegation to discuss freedom of movement to the European Union for Overseas Territories citizens at a Brexit technical roundtable in London held on May 9. During the roundtable, BVI London Office director and EU representative Benito Wheatley emphasised the importance of visa-free travel to the EU for the BVI business persons and stated that the jurisdiction is the headquarters of the Commercial Court Division of the Eastern Caribbean Supreme Court and home to a new International Arbitration Centre.

Previously, the BVI delegation took part in a Brexit technical roundtable on fisheries and agriculture in April this year, and is planning to attend upcoming technical roundtables on European Union funding, trade, and financial services. 

The BVI Premier Dr Orlando Smith mandated Brexit Task Force chaired by permanent secretary in the Premier's Office, Brodrick Penn, to prepare a White Paper on the opportunities and risks posed to BVI by Brexit, ahead of the second UK-OT Joint Ministerial Council on Brexit Negotiations on July 12.

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