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British Virgin Islands

Country:                                British Virgin Islands

Region:                                   Caribbean

Currency:                              US dollar (USD) (US$)

Languages:                English

Time Zone:                 UTC -4

 

Phone Code:              +1284

Communications:      Good

 

 

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 cost-effective 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.Tax-neutral offshore vehicles (e.g. BCs) 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:

Switzerland

 

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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