Pioneer Status Extended to Cinema,
Vet Services, Poultry processing
Dr. the Hon. D. Orlando Smith at the Legislative Council meeting on 21 December
piloted a motion to amend the Pioneer Service and Enterprises Ordinance. The
motion was passed unanimously.
The purpose of
the amendment was to expand the list of pioneer services and pioneer
enterprises. The amendment adds to the list "theatre and cinema facilities",
"veterinary clinic services", and "poultry processing and packaging".
empowers the Governor in Council to confer pioneer status on certain industries
and enterprises if satisfied that it is in the public interest to do so. The
objectives of the ordinance is to encourage investment in various sectors of
enterprise and to enhance the development process of the BVI by providing tax
and customs duty relief.
the motion, Seventh District representative Dr. the Hon. Kedrick Pickering
explained that the Ordinance is a form of protection for BV Islanders. Mr.
Pickering explained that the ordinance has to be seen in that light because the
Government cannot build a great little nation unless the interests of BV
Islanders are met.
representative Hon. Andrew Fahie pointed out that he supported the ordinance
because there are a lot of young entrepreneurs who want to have their businesses
started. Leader of the Opposition Hon. Ralph T. O’Neal said that he was glad to
see that an initiative that had been started 50 year ago is still going on, “but
what exemption can the pioneer entrepreneur get besides income tax, especially
since the income tax is being abolished, which will mean that the only relief
that pioneer entrepreneurs will be receiving will be customs duty relief".
Vanterpool representative for the Fourth District told members of the House that
“this is a motion that is certainly in the interest of the people of the
Territory. However, I do hope that people will be brave enough to take the risk
of starting businesses”.
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