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The British Virgin Islands International Finance Centre
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Registry of Corporate Business
The BVI is the world’s pre-eminent corporate domicile. Since the adoption of its pioneering BC Act in 2004, approximately 500,000 companies have been incorporated in the territory.

The number of new registrations has averaged more than 61,809 for the past seven years (2001-2008).

Other jurisdictions have introduced legislation similar to the BVI, in an effort to compete for company formation business. However, the BVI has maintained its leadership position thanks to the flexibility of its legislation, the quality of its financial services, the efficiency of its Registry of Corporate Affairs, its commitment to privacy, and its integrity and stability as a jurisdiction.
  
Why BVI?
  
 
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Upcoming Events

04/26/2010
BVI IFC delegation to participate in the Alternative Investment Summit in Brazil
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VIRRGIN

Late in 2006, the BVI successfully introduced VIRRGIN, a state of the art electronic filing system. All incorporations and post incorporation filings can now be made electronically, which leads to fast, efficient and accurate turnaround of documents by the Registry of Corporate Affairs.

  
Legislation

New legislation in the BVI has been enacted to ensure the Territory’s tradition of excellence, reliability and flexibility continues. The result is modern, and innovative laws which reflect the changing demands of the economic environment.

Examples of recent legislative changes are:

BVI Business Companies Act, 2004 (“BVI BC Act”)
The BVI BC Act replaced the hugely successful International Business Companies Act of 1984. The BVI BC Act maintains the benefits of the previous Act, while introducing a number of innovative additional provisions to make the BVI business company a more effective, transactional vehicle.

Insolvency Act, 2003
The Insolvency Act, 2003 represents a significant updating of the insolvency regime in the BVI and is unique in the offshore jurisdiction. It is based on modern United Kingdom legislation and the growth of insolvency practices in the BVI reflects its successful introduction.
  
Law Firms
Virtually all of the offshore “magic circle” law firms are now represented in the BVI. They, and the other well established firms, are fully equipped to deal with the growing amount of legal work in the BVI. There is a wide choice available and an unparalleled quantity and sophistication of legal resources available to undertake increasingly complex work.
  
Pricing
Our pricing in terms of legal fees, corporate and trust services and government fees is still significantly low, which maintains the BVI’s reputation as an efficient provider and competitive advantage.
  
Private and Public Sector Collaboration
The public sector and private sector have a close working relationship. Private sector groups are consulted on legislative changes and policy decisions. This close working relationship ensures that BVI continues to offer new opportunities aligned to the needs of the users of offshore companies.
  
We Try Harder
All the players in the BVI, whether it is the government, the law firms, the accounting firms, or other service providers, are constantly working together to make the BVI the offshore financial centre of choice.

  
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