Significant actions are being taken by governments and financial
institutions around the world in response to the COVID-19
crisis.
This guide provides an overview of the financial support on
offer to businesses in the BVI. We review some of the changes which
have arisen and measures that have been adopted by the Government.
We also consider the impact of the crisis on directors'
duties and offer some tips for good governance of distressed
companies.
What financial support, if any, has been offered by the State
and Central Bank to businesses affected by the Covid-19 crisis?
Please specify any expected timeframes by which assistance is to be
provided.
The BVI Government has proposed measures to assist BVI-resident
businesses through the COVID-19 crisis. The measures proposed
are:
