The latest News at ATU General Trust (BVI) Limited
January 2011
2010 Asia Tour – A new era in Financial Services
On October 28, The BVI International Finance Centre and delegates from the BVI government and private sectors started their visit of key financial centers in Asia—Shanghai, Singapore and Hong Kong—for exclusive business conferences.
The symposiums were well received and reached over 600 service providers in Asia, ranging from legal firms to trust companies.
This tour was specially important to the BVI Financial Services industry given that Asia represents 70 percent of company corporations in the BVI.
IFC Executive Director, Ms. Sherri Ortiz said, “The high level of participation from the private sector and Asian delegates is a clear demonstration of how important these jurisdictions are to the Territory.”
This event also illustrated the jurisdiction’s continued commitment to inform global practitioners of the benefits and opportunities available in doing business with the Virgin Islands.
The Asian Tour was a part of the BVI International Finance Centre’s mission to market the Virgin Islands’ financial services industry and promote the Territory’s reputation as a globally integrated and responsible financial services centre.
We are pleased to present you with our first Caribbean Newsletter, providing you with comprehensive information about ATU General Trust, the British Virgin Islands, Anguilla and the services we offer in both these jurisdictions.
The Government recently announced that the new BVI Companies Act, 2004 will be enacted on January 1, 2005 as an enhancement of the current IBC legislation. In order to grant a smooth transition, there will be a 2 year period during which both the existing IBC Act and the new BVI Companies Act, 2004 will be in force.
August 23rd 2004
Over recent months, we have highlighted the ongoing deliberations of the BVI Financial Services Commission (FSC), as they relate to the immobilisation of bearer shares. This update will apprise clients of the very latest position and provides some clarity over previously uncertain issues.
