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More expat opportunities in British Virgin Islands
More expat opportunities in British Virgin Islands
| Published: | 22 Mar at 3 PM |
Ernst & Young returning to the British Virgin Islands which, along with the OECD approval of the islands’ tax information agreements, may result in more job opportunities for British expatriates in law and finance in the Caribbean paradise, according to the Daily Telegraph.
Ernst & Young has set up an office in the overseas territory and a spokesman for the company said that they are of the opinion the British Virgin Islands (BVI) will become stronger and stronger within the financial sector over the year ahead.
The Financial Stability Board (FSB) said at the end of 2011 that the islands were a jurisdiction which demonstrated “sufficient adherence” to newly-introduced global supervisory and regulatory standards on international information exchange and tax cooperation.
In addition, the Organisation for Economic Cooperation and Development (OECD) has recognised the overseas territory for tax information exchange deals at “an established standard”. Alongside PwC, KPMG, Tohmatsu and Deloitte Touche, Ernst & Young is viewed as one of the world leaders in offshore auditing.
The firm employs 152,000 people in 142 jurisdictions worldwide, with many perks and packages for expats. Ernst & Young managing partner for the Bahamas, Bermuda, Cayman Islands and BVI region, Dan Scott, was attracted to the overseas territory’s global reputation for financial services, especially its financial services legislation’s strength, the Commercial Court and the regulatory regime. He said that when he considers it, the BVI ticks all the boxes very nicely.
Ernst & Young has set up an office in the overseas territory and a spokesman for the company said that they are of the opinion the British Virgin Islands (BVI) will become stronger and stronger within the financial sector over the year ahead.
The Financial Stability Board (FSB) said at the end of 2011 that the islands were a jurisdiction which demonstrated “sufficient adherence” to newly-introduced global supervisory and regulatory standards on international information exchange and tax cooperation.
In addition, the Organisation for Economic Cooperation and Development (OECD) has recognised the overseas territory for tax information exchange deals at “an established standard”. Alongside PwC, KPMG, Tohmatsu and Deloitte Touche, Ernst & Young is viewed as one of the world leaders in offshore auditing.
The firm employs 152,000 people in 142 jurisdictions worldwide, with many perks and packages for expats. Ernst & Young managing partner for the Bahamas, Bermuda, Cayman Islands and BVI region, Dan Scott, was attracted to the overseas territory’s global reputation for financial services, especially its financial services legislation’s strength, the Commercial Court and the regulatory regime. He said that when he considers it, the BVI ticks all the boxes very nicely.
