Beautiful Virgin Islands

Monday, Aug 04, 2025

Tech companies looking to setup base in BVI- Premier Fahie

Even as the local telecommunications sector is in need of a major overhaul, Premier and Minister of Finance, Hon Andrew A. Fahie has indicated that several technology companies are looking to set up base in the British Virgin Islands as his government continues to push for the diversification of the local economy.

"Several digital companies have expressed interest in bringing their bases of operations to the BVI. That is why we have begun exploring all options–old and new–for ensuring reliable connectivity," Hon Fahie said in a media statement released on October 23, 2019.


Economic Diversification

Further in the statement entitled 'BVI on Development Path Looking Towards Regional Cooperation', the Premier said his government is also looking into the airlift industry, to bring more services into the territory.

"Discussions are underway with airlift providers who are anxious to begin operating in the BVI. Similarly, we have begun the process of reaching out to major hotel brands to let them know that there are opportunities here. We are exploring other new industries that can be introduced to the territory that will bring benefit to our people while being respectful of our natural environment."

The Premier's drive into pushing a diversified local economy comes with calls to VI businesses and the public service sector to build resilience based on a number of factors, including the VI as a member of the British Overseas Territories (OTs) facing 'external pressures' and the position of the country in the Atlantic hurricane belt.

"My message to local and regional business interests is to prepare yourselves. If your venture requires a foreign partner, find one now and start the process. If you are foreign-based and you have something the BVI needs, make your BVI connection. There is a lot of work to be done and a lot of opportunities for getting involved," he said.

Virgin Islands News Online (VINO) reached out to Premier Fahie for the names of the technology companies interested in the VI; however, no response was received up to publication time.


Great economic prospect in VI

"People of the BVI and people of the region, visualise yourself in a dynamic, prosperous space, full of economic prospect, and where the quality of life is high and dreams are achieved. This is the future we will build together," Hon Fahie said.

He noted that in order to do that, the territory must open up the channels for communication, for trade, for partnership, for security, and for creating opportunities for all its people.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Pilots Call for Mental Health Support Without Stigma
All Five Trapped Miners Found Dead After El Teniente Mine Collapse
Ong Beng Seng Pleads Guilty in Corruption Case Linked to Former Singapore Transport Minister
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
Italy Fines Shein One Million Euros for Misleading Sustainability Claims
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
Declassified Annex Links Soros‑Affiliated Officials and Clinton Campaign to ‘Russiagate’ Narrative
UK's Online Safety Law: A Front for Censorship
Nationwide Protests Erupt in Brazil Demanding Presidential Resignation
Parents Abandon Child at Barcelona Airport Over Passport Issue
Mystery Surrounds Death of Brazilian Woman with iPhones Glued to Her Body
Bus Driver Discovers Toddler Hidden in Suitcase in New Zealand
Switzerland Celebrates 734 Years of Independence Amid Global Changes
U.S. Opens Official Investigation into Former Trump Prosecutor Jack Smith
Leaked audio of Canada's new PM Mark Carney admitting the truth about the Net Zero agenda: "We're gonna make a lot of money off of this."
China Enforces Comprehensive Ban on Cryptocurrency Activities
Absolutely 100% Realistic EVO Series Doll by EXDOLL (Chinese Company) used mainly for carnal purposes
World Economic Forum founder Klaus Schwab: "In this new world, we must accept... total transparency. You have to get used to it. You have to behave accordingly. But if you have nothing to hide, you shouldn't be afraid."
Meet Mufti Hamid Patel, head of Office for Standards in Education in Pakistan
George Soros tells the World Economic Forum: "President Trump is a con man and the ultimate narcissist, who wants the world to revolve around him."
Hamas are STARVING the hostages.
Decline in Tourism in Majorca Amidst Ongoing Anti-Tourism Protests
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
Poland Begins Excavation at Dziemiany After New Clue to World War II‑Era Nazi Treasure
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Threatens Canada with Tariffs Over Palestinian State Recognition
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Trump Sues Murdoch in “Heavyweight Bout”: Lawsuit Over Alleged Epstein Letter Sets Stage for Courtroom Showdown
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
Trump Administration Finalizes Broad Tariff Increases on Global Trade Partners
J.K. Rowling Limits Public Engagements Citing Safety Fears
JD.com Launches €2.2 Billion Bid for German Electronics Retailer Ceconomy
Azerbaijan Proceeds with Plan to Legalise Casinos on Artificial Islands
Former Judge Charged After Drunk Driving Crash Kills Comedian in Brazil
Jeff Bezos hasn’t paid a dollar in taxes for decades. He makes billions and pays $0 in taxes, LEGALLY
China Increases Use of Exit Bans Amid Rising U.S. Tensions
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Procter & Gamble to Raise U.S. Prices to Offset One‑Billion‑Dollar Tariff Cost
House Republicans Move to Defund OECD Over Global Tax Dispute
Botswana Seeks Controlling Stake in De Beers as Anglo American Prepares Exit
Trump Administration Proposes Repeal of Obama‑Era Endangerment Finding, Dismantling Regulatory Basis for CO₂ Emissions Limits
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
A family has been arrested in the UK for displaying the British flag
Mel Gibson refuses to work with Robert De Niro, saying, "Keep that woke clown away from me."
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
The British propaganda channel BBC News lies again.
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Controversial March in Switzerland Features Men Dressed in Nazi Uniforms
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
×