Country:                                British Virgin Islands

Region:                                   Caribbean

Currency:                              US dollar (USD) (US$)

Languages:                English

Time Zone:                 UTC -4


Phone Code:              +1284

Communications:      Good


Formation Cost:        900 - 1700 USD$

Formation Time:       2 - 4 days

Maintenance cost:     400 - 800 USD$



The economy is highly dependent on tourism and financial services. The BVI has significant mutual fund and captive insurance sectors. The Financial Services Commission ensures independent and effective supervision of financial institutions. The BVI is a reasonably cheap jurisdiction compared to competing Caribbean countries, and has relatively strong professional services. The government is responsive to the country’s business needs, and its legislation is mostly flexible and straightforward. No-tax offshore vehicles (IBCs) are available, and domestic taxes are not high in any event. The BVI has emerged as a leader in emerging market corporate finance.


Suitable for:

Wealth Management, Banking, Insurance, Fund Management, Shipping, Aviation, Yachting, Trading Financial, Intellectual Property/Licensing, Holding Companies, E-commerce, Property Ownership


Vehicle Types:

Limited companies, public limited companies, trusts, general partnerships, limited partnerships and international business companies


Capital primary business districts:

Road Town


Good Relationships:

United Kingdom, United States


Bad Relationships:

Burma, Cuba, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria


Tax Burden - Business:

Very Light


Tax Burden - Individual:

Very Light


Headline tax rates:

CIT 0%, PIT 0%, VAT 0%


Treaty Jurisdictions:



TIEA Jurisdictions:

Aruba, Australia, Austria, Canada, China, Curacao, Czech Republic, Denmark, Faroe Islands, Finland, France, Germany, Greenland, Guernsey, Iceland, India, Ireland, Japan, Netherlands, New Zealand, Norway, Poland, Portugal, Sint Maarten, Sweden, United Kingdom, United States

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