The British Virgin Islands are located east of Purto Rico in the Caribbean. These British Dependent Territory islands are part of the Virgin Islands Archipelago which consist of over 50 islands and cays. The main islands are; Virgin Gorda, Tortola, Anegada and Jost Van Dyke. The capital is Road Town and which is located on Tortola (the main island) which is 20km long and 5km wide with a population of around 22,000.
BVI Company Formation
The British Virgin Islands are one of the most prosperous islands in the Caribbean with the main sources of revenue being tourism and the financial sector. With a politically stable government, a UK based system of law and English as the official language the BVI is an attractive jurisdiction in which to incorporate a company. The BVI is one of the world’s leading finance centers offering stability with a progressive, democratic and stable society. The financial sector is responsible for just over 50% of total government revenues. The BVI is committed to retaining an investor’s right to privacy providing a professional banking sector with top quality legal, accounting and trust and management services.
Since 2001 the British Virgin Islands have been regulated by the independent Financial Services Commission. The BVI Financial Services Commission is the regulatory authority for all financial services operating in, or from within, the British Virgin Island. The FSC is dedicated to safeguarding the privacy and confidentiality of legitimate businesses whilst safeguarding against any illegal or unauthorized business.
Since the adoption of the BVI International Business Companies Ordinance in 1984 there have been over 450,000 companies incorporated proving the dominance of the British Virgin Islands as a major offshore jurisdiction.