STRONG INTERNATIONAL REPUTATION
The BVI is ranked as the most important offshore financial centre by the Global Financial Centres Index and the Offshore 2020 report, enhancing investor perception and priming businesses for an early mover advantage. The BVI continues to increase its ratings on the Global Financial Centres Index, remaining in the top four offshore financial centres, and received top-tier ranking from the international Financial Stability Board.
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LEGAL AND COMMERCIAL CERTAINTY
The BVI’s legal system is based on English common law, familiar to lawyers trained in other common law jurisdictions, such as Hong Kong or Singapore. The BVI is also home to a well-regarded commercial court backed by a robust legal framework. The court system deals with matters expeditiously, economically and proportionately, and its highest court of appeal is the London Privy Council.
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SPEED AND EFFICIENCY
The BVI’s innovative legislation facilitates efficient incorporation and administration of companies. There are no requirements for annual shareholder meetings, no requirements to file audited accounts, and no requirements for directors to reside in the BVI, ensuring simple and quick corporate transactions.
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TAX AND FOREIGN EXCHANGE NEUTRALITY
BVI companies are tax neutral, and there are no foreign exchange controls or corporate tax in the BVI, so BVI companies can be used in international investment planning without fear of additional layers of tax.
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COST EFFECTIVENESS
The BVI is known as the most cost-effective jurisdiction in which to do business. The set up fees for a company, partnership, fund or trust arrangement are low, and operating fees are minimal.
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