ABOUT BVI
The British Virgin Islands (also called the Virgin Islands) is a British Overseas Territory located in the Caribbean to the east of Puerto Rico consisting of approximately sixty tropical Caribbean islands. The Legislature consists of the Queen (represented by the Governor) with an appointed Premier who is elected in a general election along with other members of the ruling government as well as members of the opposition.
Represented by mostly tropical climate moderated by trade winds and occasional hurricanes, the political environment of the British Virgin Islands remain stable enjoying the most prosperous economies of the Caribbean region with a per capital of around $38,500 (2004 est.) As a Financial Offshore Centre, the "twin pillars" of the economy are tourism and financial services. Politically, tourism is the more important of the two, as it employs a greater number of people within the Territory and economically, the financial services sector plays a far more important role with 51.8% of the Government's generated revenue coming directly from license fees for offshore companies.
The British Virgin Islands Business Companies Act 2004's object is to provide the legislative framework for companies wishing to transact international activities from a tax exempt, secure and confidential environment. The British Virgin Islands provides a highly professional infrastructure with a competitive advantage over most off-shore jurisdictions. Companies can re-domicile from other jurisdictions to the British Virgin Islands. Also, British Virgin Islands off-shore companies or British Virgin Islands BC's have the flexibility to re-domicile out of the British Virgin Islands. Take advantage of this popular and extensively used form of company with a flexible structure to suit your everyday need.
