BVI: Register of Beneficial Owners

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BVI: Register of Beneficial Owners

Following the criticism of the implemented Register of Beneficial Owners, Andrew Fahie, the Primier and Finance Minister of BVI has insisted that the Register is adequate. Many jurisdictions known as tax havens were forced to adopt more transparency on the ownership of companies and limited liability partnerships. Such steps have led to the outflow of business to low tax jurisdictions like Singapore, Hong Kong, Cyprus, Malta, and Ireland.