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: 1-2 days
Maintenance cost: 400 - 800 USD$
The economy is highly dependent on tourism and financial services. The BVI has significant mutual fund and trust sectors. The Financial Services Commission ensures independent and effective supervision of financial institutions. The BVI is a reasonably inexpensive 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 (BCs) are available, and domestic taxes are not high in any event. The BVI stands as a leader in emerging market corporate finance.
Suitable for:
Wealth Management, Asset Protection, Banking, Captive 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 incorporated 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, US
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
