The British Virgin Islands Financial Services Commission has announced plans to open a Latin America representative office in Panama, expanding its overseas footprint to be closer to key markets for BVI financial services. The move would be the Commission’s second representative outpost after its Asia Representative Office in Hong Kong. Panama was selected following two years of market research involving interviews with service providers and other stakeholders and meetings with officials. The Commission cited Panama’s geographic connectivity to the BVI and the wider region, operational flexibility, international recognition as a regional business hub, and a reputation for business efficiency, and noted that more than 75% of surveyed service providers identified Panama as their preferred location. The Commission also framed the office as a way to strengthen service to existing Latin American users of BVI corporate vehicles and financial services, including through localised support and logistics and improved feedback and engagement channels. The Commission expects to appoint a director and other regional staff for the office in due course, with establishment of the Panama office expected to commence and be completed during 2026.
British Virgin Islands Financial Services Commission 2026-02-23
British Virgin Islands Financial Services Commission to open Latin America representative office in Panama
The British Virgin Islands Financial Services Commission plans to open a representative office in Panama to enhance its presence in Latin America, following extensive market research. This will be the Commission's second overseas office, aimed at strengthening service to Latin American users of BVI financial services. The office is expected to be operational in 2026, with a director and regional staff to be appointed.