The staff at the Department of Trade, Investment Promotion and Consumer Affairs are engaged in a series of training sessions as the department streamlines its activities towards a more modern and transparent outlook.
The first empowerment session was held on Friday and was facilitated by Junior Minister for Trade and Economic Development Honourable Flax-Charles and led by industry expert, Chief Executive Officer of Gold Leaf Consulting Ltd Julia Shamini Chase.
Honourable Flax-Charles said the training was organised to empower the team with an in-depth knowledge of the Virgin Islands business community to optimise decision-making and service.
“As the department seeks to streamline its activities towards a more modern and transparent outlook, we are empowering the team to be active participants through relevant trainings,” the Junior Minister said.
“Today’s training exposed the team to the structure, function and activities of companies as business models. We look forward to further sessions which will leave the staff further strengthened,” Honourable Flax-Charles added.
The session covered topics such as the legal distinction between companies, sole proprietorships and partnerships, the corporate veil, different functionaries within a company, verifying an incorporated entity, limitations of business activities and asset ownership.
The empowerment sessions are in line with the vision of the Department of Trade, Investment Promotion & Consumer Affairs, to increase the competitiveness of the business environment, in order to generate higher levels of sustainable growth and productivity, to create a vibrant and robust knowledge based economy.