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FAQs

 

Are application fees and approval fees payable in respect of applications for the appointment of a director or functionary of a public fund?

With effect from January 1, 2011, the application fee for the appointment of a director of a public fund is $150 and the approval fee for the appointment of a director of a public fund is $250. There is no application fee or approval fee for the appointment of a functionary of a public fund.

How many insurance managers are in the British Virgin Islands?

Current statistics on insurance managers (and Insurance sector generally) may be found in the most recent edition of the BVI FSC Statistical Bulletin.

At the end of 2013 there were 14 insurance managers licensed to carry on insurance business as an insurance manager in the BVI.

What are the capital adequacy guidelines for Company Managers?

Under the Company Management Act, 1990, a Company Manager is required to have a minimum paid up capital of twenty five thousand dollars (US$25,000).

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