The British Virgin Islands (the “BVI”) has become the world’s pre-eminent corporate domicile since the enactment of the landmark International Business Companies Act in 1984.  It maintains a leadership position through flexible legislation, quality financial services, a commitment to privacy and its integrity and stability as a jurisdiction.

The corollary of this high volume of business activity in the BVI together with creditor friendly legislation such as the Insolvency Act 2003 and the wide range corporate vehicles available under the BVI Business Companies Act 2004 (including but not limited to guarantee companies, segregated portfolio companies and special purpose vehicles), is that a comprehensive range of business products and services are being offered in the jurisdiction.  These include corporate services, trusts, mutual funds, auditing, banking and insolvency services as well as pension, financial planning and other financial and fiduciary services.

This guide is prepared for those persons doing business or considering doing business in the BVI.  It focuses primarily on the legal support services available to the financial services sector, and should be helpful in evaluating the advantages of doing business in the territory.