Located 60 miles east of Puerto Rico, the BVI has a population of around 20,000 people across several islands with a total area of around 60 square miles.
The British Virgin Islands combines a thriving financial services sector with powdery white-sand beaches, lush green mountains, and sheltered yacht-filled harbours, making it one of the most idyllic places to live and work.
The BVI is a premier financial services domicile. Not content with being one of the world’s largest captive jurisdictions, the British Virgin Islands is home to more than 8,000 funds. It is a leading domicile for company incorporations, with around 750,000 companies being registered here.
The BVI’s legislative framework compares more than favourably with that of our longer-established competitors and enables us to offer our clients a wide range of products and structures. The Insurance Act has recently been enhanced and the close working relationship between the private sector and the regulators allows us to be proactive as we look to suit the future needs of our clients.
Service providers include the majority of the big name law firms, accounting firms and audit practices you would expect to see in any of the world’s financial centres and, as our example services show, we have the ability to assist with a number of innovative and sophisticated structures.
The BVI is mature enough as a domicile to have attained credibility with the regulatory bodies around the world, yet it is young enough to embrace new ideas and solutions.