British Virgin Islands is one of the most popular corporate destination in offshore world. Investors have always been attracted to the BVI for its common law legal principles, administrative simplicity and the ability to ring-fence liabilities.
Since 2001, financial services in the British Virgin Islands have been regulated by the independent Financial Services Commission. Figures released by the British Virgin Islands Financial Services Comission have revealed that only in the three months period ended September 2015, 11,945 new Business companies were registered in the jurisdiction with total number of 475,309 active BVI BCs at the September 30, 2015.
BVI BC's are very popular and widely used offshore companies because of their administrative ease, flexibility, taxation exempt status and the fact that they are widely accepted and understood by the international financial community.