BVI offshore company formationby British Virgin Islands Financial Service Commission licensed agent. |
EconomyHighly depends on the tourist industry, which generates about 21% of the national income. The economy of the country is one of the most prosperous and rapidly developing among other Caribbean economies. Offshore legislation offering the possibility to incorporate in the country was adopted by the Government in 1985.
InfrastructureThere is regular shuttle service between the inslands and the USA. Cruise ships call in weekly to the Islands and there are freight carriers. |
30/09/2006
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on Offshore Companies, Incorporations, Jurisdictions, etc..
11/12/2007
19/11/2007
The UK Guardian has claimed that multinational banana companies are using tax haven jurisdictions such as the British Virgin Islands in order to avoid paying tax on their profits in the UK and in other developing countries.
07/11/2007
On October 24, 2007, unaudited interim results for 6 months ended June 30, 2007 were published by BVI-based Equator Exploration Ltd. Equator Exploration reported of some losses in the 1st half of 2007.
23/10/2007
A company operating in Hamburg, Beiersdorf Aktiengesellschaft has recently announced entering a share purchase agreement with a BVI-incorporated Global Source Investments Limited and Hong Kong-incorporated C-BONS Holding (International) Limited.
07/09/2007
In October, the BVI International Finance Centre will send a delegation to London in order to make a series of presentations. The presentations update executives dealing with in the trusts and corporate business sector on the the growth of the trusts and corporate business industries in the BVI.
28/08/2007
The Listing Committee of the Bermuda Stock Exchange (BSX) has announced approving the listing of the Common Shares of RenFin II Ltd, a British Virgin Islands incorporated fund.
09/08/2007
A memorandum of understanding has been signed between Jersey and the BVI. It was signed by the Jersey Financial Services Commission and the British Virgin Islands Financial Services Commission to enhance co-operation between the 2 regulatory bodies.
13/07/2007
Several amendments to the new Business Companies Act have been announced by the British Virgin Islands Financial Services Commission. The amendments will establish new, simplified provisions to carry out the transitioning of bearer share companies to non-bearer share companies.
20/06/2007
According to the data released by the Census & Statistics Department of Hong Kong, the BVI is one of the top destinations for Hong Kong's external factor income outflow and inflow in Quarter 1 of 2007.
12/06/2007
BVI Chief Minister Orlando Smith has presented his annual State of the Territory Address for 2007 to inform the public on the accomplishments of his government. He said that the GDP of the BVI by the end of 2007 will top the USD 1 billion mark.
20/05/2007
The State Administration of Industry and Commerce of China announced the leading offshore sources of foreign investment in China's economy. The BVI is the 1st out of 4 major offshore finance centers investing in China.
29/04/2007
17/04/2007
The Ministry of Commerce of China has released a statement for the 1st quarter of 2007, according to which the British Virgin Islands is 2nd leading investor in China.
21/03/2007
BVI Governor David Pearey announced re-appointment of Elton Georges to be the deputy governor of the territory. From April 1, Mr. Georges will replace Mrs. Dancia Penn, which was appointed as Deputy Governor of BVI in 2004.
09/03/2007
On February 28, 2007 the negotiations on the British Virgin Islands constitution were successfully concluded, after the 4th round of talks was held between delegations from the BVI and UK met in London on February 26-28.
21/02/2007
In January 2007, BVI-registered companies have invested 1.02 billion USD in China. So, the British Virgin Islands remains the 2nd in the list of countries that make investments in rapidly growing Chinese economy.
12/02/2007
International offshore expert firm Ogier has completed its merger with WSmiths in the British Virgin Islands. The merger gave the firm access to 3 further offshore jurisdictions. It became effective from February 1, 2007.
23/11/2006
Recently, the Ministry of Commerce of China has announced that realized FDI on the territory rose in October, after the slight decline within the previous months. This was the result of the changes in legislation regarding acquisition of Chinese companies by foreign investors. So, BVI is the 2nd largest foreign investor in China.
08/11/2006
The BVI Legislative Council has recently passed new legislative acts that amend the existing legislation. The BVI Legislative Council passed BVI Business Companies (Amendment) Act, 2006 on September 22, 2006.
11/10/2006
Offshore law firm Ogier has merged with WSmiths in the BVI. This gives Ogier access to 3 further offshore jurisdictions. The merger will come into effect from February 1, 2007.
27/06/2006
The BVI is experiencing an unprecedented economic growth. Orlando Smith, BVI Chief Minister, has recently in his speech summed up the successful economic development of the British Virgin Islands as well as provided his view into the country's future.
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