The British Virgin Islands (BVI)
The British Virgin Islands are a small group of islands in the Caribbean Sea located 60 miles east of Puerto Rico.
The islands have an independent legal and judicial system based on English Common Law, with a right of final appeal to the Privy Council in London. Policies and legislation are developed in close consultation with the private sector and offshore business can be carried out in a tax-free environment.
The BVI financial services industry enjoys the advantages of having responsibility for its internal self-government, while maintaining the political and economic stability associated with being a British Overseas Territory.
World's most commonly used offshore vehicle
BVI Business Companies (BCs) are the world's most widely used offshore companies (500,000 active, 40% of the world's international business companies) because of their administrative ease, flexibility, taxation exempt status and the fact that they are widely accepted and understood by the international financial community.
Offshore Trusts and Funds
BVI BCs are only part of the success story. The BVI provides a secure and extremely well regulated environment for the establishment and management of mutual funds and offshore trusts.
Additionally, the BVI allows for purpose trusts (for philanthropic purposes) as well as for the unique 'VISTA' trusts which allow settlors of trusts far more control over assets held by the trust than usual trust legislation.
Provided below are articles of interest related to trusts, funds and companies in the British Virgin Islands.