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Office | Introduction | Information
BRITISH VIRGIN ISLANDS
 
The British Virgin Islands first enacted legislation for the incorporation of International Business Companies Act in 1984. One of the main reasons for their popularity as a jurisdiction has to be the simple legislation and fairly low costs. The BVI government has strengthened legislation to prohibit the formation of offshore banks on its territory which has in return successfully curtailed money laundering activities. The BVI’s modern and flexible legislation has led to its status as the most popular offshore location.
- Long-established and well-respected jurisdiction
- Zero taxation
- Same day incorporation possible
- International Business Company status
- Strong supporting infrastructure of banks, lawyers and accountants
- Highly flexible, modern legislation
- No minimum authorised capital
- Choice of corporate structures
- Financial Services (Exemptions) Regulations, 2007
- BVI Business Companies (Amendment of Schedules) Order, 2007
- BVI Business Companies (Company Names) Regulations, 2007
- Business Companies (Amendment) Act, 2005
- Special Trusts Act, 2003
- Business Companies Act, 2004
- International Business Companies (Amendment) Act, 2004
- Financial Services Commission (Amendment) Act, 2004
- International Business Companies (Amendment) Act, 2003
- Banks and Trust Companies (Amendment) Act, 1995
- Company Management (Amendment) Act, 1995
- IBC Companies Act, 1984
- Trustee Ordinance, 1961 (as amended by The Trustee (Amendment) Act, 1993)
- BVI Trustee (Amendment) Act, 2003 Objects and Reasons
- BVI Trustee Amendment Act 2003
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