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Executive Summary:Qatar is a Middle Eastern peninsula jutting north into the Persian Gulf between Bahrain to the northwest and the United Arab Emirates to the southeast. It has a population of just over 1.9m, which includes a substantial number of expats. Qatar economy is largely centered on is vast gas and oil reserves, with oil production accounting for around two-thirds of total government revenues. However, as with most Gulf States, Qatar is looking to reform and liberalize its economy to avoid over-reliance on hydrocarbons. The Qatar Financial Centre was established in 2005 with the aim of attracting international financial services...

JURISDICTION 2014

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...

FUNDS & FUNDS SERVICES JURISDICTION 2014

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...

2019

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...

FUNDS & FUNDS SERVICES JURISDICTION 2018

When was trust law introduced in your jurisdiction? The British Virgin Islands (BVI) is a well-respected and sophisticated jurisdiction for the establishment of trusts.  The general principles of BVI trust law are derived from those of English trust law as developed by the English courts of equity.  Indeed, the principles of English common law and equity can be applied directly in the BVI by virtue of the Common Law (Declaration of Application) Act 1705 and the Eastern Caribbean Supreme Court (Virgin Islands) Act, as supplemented or modified by specific statutory provisions to offer a variety of flexible and user-friendly trust...

CORPORATE & FIDUCIARY JURISDICTION 2015

1. Industry research suggests that China will soon rank first in the world as a source of clients. Have you experienced an increase in demand for your company incorporation services from this region? The British Virgin Islands (BVI) continues to be the jurisdiction of choice for the China and there continues to be a demand for BVI business companies and other corporate structures. The fact that BVI companies are used for such diverse purposes – as listing vehicles, joint venture companies, asset holding companies and open and close-ended fund vehicles – highlights the role and sustainability of the BVI as a...

2015

What are the advantages of the BVI as an offshore jurisdiction for Chinese investors? What makes it different from other jurisdictions for Chinese investors? The British Virgin Islands (BVI) has built a reputation as one of the world leading finance centres meeting the needs of international businesses and high net worth individuals. Advantages for Chinese investors using BVI structures and services include: Asset security- the ability to transfer domicile; protect assets from expropriation or confiscation orders from foreign governments; Transfer assets to another company, trust, foundation, association or partnership; Merge or consolidate with any other BVI or foreign company in...

CORPORATE & FIDUCIARY JURISDICTION 2015

Executive Summary: 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 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. COUNTRY: BRITISH VIRGIN ISLANDS...

FUNDS & FUNDS SERVICES JURISDICTION 2020