The British Virgin Islands (BVI), officially the Virgin Islands, is a British overseas territory located on the Francis Drake Channel, east of Puerto Rico, in the waters of the Caribbean Sea. The islands are part of the archipelago of the Virgin Islands, the other islands being part of the United States Virgin Islands, while the Spanish Virgin Islands belong to Puerto Rico.
The archipelago is made up of about forty islands, of which eleven are inhabited. The largest are Tortola, Virgin Gorda, Anegada and Jost Van Dyke. They have a population of 27,800 inhabitants, 23,000 of which live on the island of Tortola, where the capital Road Town is located.
The BVI is one of the most prosperous economies among the Caribbean states, with one of the highest GDPs per capita worldwide. Politically stable, with modern infrastructure and a pro-business environment, its main sectors are offshore financial services and tourism.
Due to its close relationship with the US Virgin Islands, the US Dollar is its official currency.
The jurisdiction has an English Common legal system, a reputable regulatory environment, modern banking system and tax exemption for income obtained by individuals and corporations. In addition to benefiting from an attractive legal and tax system, its domiciled offshore entities have maximum confidentiality.
At Flag Theory, we offer the best strategic locations worldwide to internationalize your business and personal finances for more privacy, freedom and wealth. Below, you will find why and how to form an offshore company in the British Virgin Islands, its offshore banking and investment options and how to get residency and citizenship in this Caribbean paradise.
What to consider when structuring an E-commerce Business E-Tail, E-commerce, or online sales businesses are a common business activity we deal with when consulting for a new corporate structure at Flag Theory. There is a
What Token Issuers and Exchanges should consider when undertaking an Initial Exchange Offering (IEO) Initial Exchange Offerings (IEO) have become a popular means of raising funds for blockchain startups, replacing ICOs, which have seen a
Where to set up an Intellectual Property Holding Company Utilizing an intellectual property holding company is one of the most common legal tax avoidance strategies out there. However recent measures by the OECD and EU
How to protect and structure an Intellectual Property Business A few weeks ago, we talked about certain key aspects to consider when structuring a holding company, as well as reviewed a number of jurisdictions that
What you should consider when setting up a regulated Crypto CFD Brokerage Contracts for Differences (CFDs) are cash-settled OTC derivative contracts which consist of agreements between a given trader and the broker which give the
Massive legislation changes affecting Offshore Tax Regimes and Economic Substance Requirements Massive change has swept the offshore industry lately, largely as a result of pressure from the EU and the OECD. As a result of
Where to set up a Tokenized Fund Flag Theory Weekly Letter – Friday, October 19th, 2018 In a previous letter, we discussed why the crypto fundraising trend is turning from utility to security tokens and
Where to set up a Crypto Exchange – Part 4: Setting up an Exchange in the Americas Flag Theory Weekly Letter – Friday, September 7th, 2018 After discussing the fundamental aspects when choosing the jurisdiction to
What is the best offshore jurisdiction? We've already discussed why corporate structures using offshore companies are powerful tools to legally minimize your obligations to governments, protect your assets, enhance your privacy and grow your business
What you should consider when designing your Offshore Strategy Today we discuss why offshore companies can be powerful tools to protect your assets, optimize your business and drastically increase your net profits. Why your Tax
Why and where to set up a Trust for Asset protection, Estate planning and Corporate structuring Nowadays, with an increasingly litigious society, a judicial system that favors plaintiffs and not defendants, with courts clogged with
What is Dual Citizenship and Why is valuable? What is Dual Citizenship? Dual Citizenship / Nationality is a citizenship status in which an individual is a citizen of more than one country at a time. Why
Complete list of countries to obtain citizenship by naturalization Most countries around the world allow for persons who have lived in a country for a certain period of time to apply for naturalization. It's only
The Real Story About Americans Going Offshore Reader Question today... An Internet Entrepreneur from the US is concerned about getting sued and wants an incorporation that protects against lawsuit liability, aka asset protection. I am
International Investment - Why diversify your investments internationally When Niki Yanakopoulou was walking home from the bank on a casual weekday, she didn't realize she was being followed. But the man who had watched her
The best country for an internet entrepreneur to incorporate --- This article was written on May 17,2012 - we have recently published (December 2018) the 'Where to set up an International Business' article series, where