Navigating Travel and Remote Work during the COVID-19 Pandemic: Key Considerations for Businesses

Border Closures, Restrictions, and Quarantine Requirements

While there is no specific information about border closures, restrictions, or quarantine requirements in response to the COVID-19 pandemic, it’s essential to understand that the jurisdiction may have implemented measures to control the spread of the virus.

• No special route exists for obtaining permission for individuals who wish to work for a fintech business.
• There are no specific border closures, restrictions, or quarantine requirements mentioned in relation to the COVID-19 pandemic.

Travel and Remote Work in the Context of IP Protection

In the context of intellectual property (IP) protection, there are some relevant points to consider:

Confidentiality and Trade Secrets

• Rules on confidentiality fall back on English common law duties for trade secrets.

Economic Substance Requirements for Businesses

The British Virgin Islands (BVI) has economic substance requirements for certain businesses, including those deriving income from IP. This may affect companies that rely on remote work or have staff working remotely.

Conclusion

While there is no specific information about border closures, restrictions, or quarantine requirements in response to the COVID-19 pandemic, it’s worth noting that the BVI has economic substance requirements that may impact companies with remote workers or those relying on foreign affiliates. Businesses should consider these factors when planning travel and work arrangements during this time.