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The Cabinet of the British Virgin Islands (formerly referred to as the Executive Council, or sometimes ExCo) is the collective decision-making body of the British Virgin Islands government. It is composed of the Premier , four other Ministers of Government, and the Attorney General as an ex officio , non-voting, member. [ 1 ]
The BVI Financial Services Commission is an autonomous regulatory authority responsible for the regulation, supervision and inspection of all the British Virgin Islands financial services including insurance, banking, trustee business, company management, mutual funds business, the registration of companies, limited partnerships and intellectual property.
The British Virgin Islands legislature is the House of Assembly. Prior to the adoption of the new constitution in 2007 the legislature was called the Legislative Council. General elections are conducted every four years (unless the House is dissolved earlier, either as a result of a vote of no confidence or otherwise).
Narahenpita is a municipal ward of Colombo. Located at the South-Eastern corner and served by the Kelani Valley Railway Line , many government institutions including the National Blood Bank, the Survey Department , the Labor Ministry and several departments of the Health Ministry are situated in the area as well as several major private ...
The British Virgin Islands company law is the law that governs businesses registered in the British Virgin Islands. It is primarily codified through the BVI Business Companies Act, 2004, and to a lesser extent by the Insolvency Act, 2003 and by the Securities and Investment Business Act, 2010. The British Virgin Islands has approximately 30 ...
The British Virgin Islands also operates as a domicile for captive insurance services, but a prolonged period of overzealous Government regulation combined with the Government's increasing pressure to hire only locals ("belongers") in the insurance industry decimated the industry. Official reports from the Financial Services Commission reflect ...
The British Virgin Islands has a number of other minor taxes and levies. These include: Car tax, under the Self-Drive vehicles (Rentals) (Taxation) Act (Cap 210) Hotel tax, under the Hotel Accommodation Taxation Act (Cap 205) Petroleum income tax, under the Petroleum Income Tax Act (Cap 209) Passenger tax, under the Passengers Tax Act (Cap 208)
The British Virgin Islands Companies Registry (part of the Registry of Corporate Affairs). The BVI Business Companies Act (No 16 of 2004) is the principal statute of the British Virgin Islands relating to British Virgin Islands company law , regulating both offshore companies and local companies.