The British Virgin Islands ("BVI") is a British Overseas Territory and became autonomous in 1967. In 1984, An International Business Company legislation ("IBC Act") was enacted in BVI which enhanced the Islands’ popularity for offshore company formation. Effective 1 January 2005, the IBC Act was replaced by the Business Companies Act ("BC Act") which brings the legislation in line with the modern world. Since its enactment, BVI registered companies are now accepted to be listed on leading Stock Exchange worldwide, including the Hong Kong Stock Exchange.
The BVI has established a solid international presence and enjoys a reputation for cutting-edge, progressive and user-friendly legislation with quality services.
Set up a BVI Company is fast and easy. There are no restrictions on nationality of Shareholders or Directors.