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British Virgin Islands: Country and Foreign Investment

Business Environment

The BVI have an excellent business infrastructure with good telecommunications; this coupled with the widespread use of the English language and a legal system largely based on English law makes the island a very convenient and effective business base. The very large numbers of offshore companies, trusts, insurers and mutual funds on the islands are supported by a well-developed and diverse professional services sector.

To do business in the BVI (as distinct from establishing an offshore trust or company) a Trade Licence is required from the Trade and Investment Promotion Department. The application form is accompanied by a financial statement, police record, two business references (for the individual or the company applying) and financial details of the proposed business.

 

 

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