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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 Foreign Account Tax Compliance Act (FATCA) is a 2010 U.S. federal law requiring all non-U.S. foreign financial institutions (FFIs) to search their records for customers with indicia of a connection to the U.S., including indications in records of birth or prior residency in the U.S., or the like, and to report such assets and identities of such persons to the United States Department of ...
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)
A virtual credit card or virtual account number is a set of disposable credit card details that are issued temporarily for one-time use. This helps you to keep your identity confidential while ...
In January 2009, MasterCard acquired the controlled payment number system developed by Orbiscom, a Dublin-based payment processing company. [2] In the United States, the system is used by the following credit card issuers: Bank of America "ShopSafe" (inherited when it acquired MBNA) (and now discontinued-see below) [3] and Citibank "Virtual Account Numbers". [4]
The official currency of the British Virgin Islands has been the United States dollar (US$) since 1959, the currency also used by the United States Virgin Islands. [3] The British Virgin Islands enjoys one of the more prosperous economies of the Caribbean region, with a per capita average income of around $47,000 (2022 est.) [47]
The economy of the British Virgin Islands is one of the most prosperous in the Caribbean. Although tiny in absolute terms, because of the very small population of the British Virgin Islands , in 2010 the Territory had the 19th highest GDP per capita in the world according to the CIA World factbook . [ 4 ]
Many plates have 'Virgin Islands' and 'Nature's Little Secrets' above and below the sequence respectively. Before 1996, European standard 520 mm × 110 mm sizes and British stamping dies were used, but current plates are North American standard 6 × 12 inches (152 × 300 mm) as used in the US Virgin Islands .