The British Virgin Islands (BVI) is a leading offshore finance centre with a strong reputation for transparency and excellence in regulatory affairs and the highest standards of international best practice. The jurisdiction is particularly well known for company formations, trusts, captive insurance and shipping.
It is one of the top four offshore financial centres in the Global Financial Centres Index and received a top-tier ranking from the International Financial Stability Board.
The BVI is also home to a well-regarded commercial court backed by a robust legal framework, with the highest court of appeal being the Privy Council in London.
BVI companies are tax neutral and there are no foreign exchange controls or corporate tax in the BVI, so they can be used in international investment planning without concerns of additional layers of tax. There are no requirements for annual shareholder meetings and no requirements for directors to reside in the BVI ensuring simple and quick corporate transactions.
Statistics about the BVI
active business companies
private trust companies
Carey Olsen in the BVI
Our BVI office was established in 2013 and our experienced team has an in-depth knowledge of BVI's law and regulation that spans two decades.
We offer our clients the full range of legal advice regarding corporate and finance, investment funds, dispute resolution, insolvency, and trusts and private wealth. We have the international experience to provide accurate, efficient legal services for all transactions involving the BVI, including where BVI entities form part of a wider multi-jurisdictional structure. We also provide clients with access to BVI company management services through our affiliate CO Services.
We work alongside all the major international law firms, accountancy firms and insolvency practitioners and our clients include global financial institutions, investment funds, private equity houses, multinational corporations, sovereign wealth funds, high-net-worth individuals, family offices, directors, trustees and private clients.
We also have BVI-qualified lawyers in our Hong Kong, Singapore, London and Cape Town offices ensuring we are able to provide BVI legal advice across all time zones.