BVI History

The British Virgin Islands have been under British control since the seventeenth century and remains a British Overseas Territory with a judicial system based on common law and statute.

Following interest from US companies to register in the BVI in the 1970s, the BVI introduced legislation which exempted foreign companies from local taxes which led to rush of incorporations and this increased significantly after the US invasion of Panama in 1991.

The BVI is now one of the world’s leading offshore financial centres and one of the most prosperous countries in the Caribbean. More than 50% of the Government’s revenue comes from company registrations and these are now estimated at 950,000.

In the April 2016 Panama Papers leak, while all of the wrongdoing by Mossack Fonseca personnel occurred in Panama and the US, the British Virgin Islands was by far the most commonly used jurisdiction by its clients.

BVI FSC

BVI History

The British Virgin Islands have been under British control since the seventeenth century and remains a British Overseas Territory with a judicial system based on common law and statute.

If you feel you have relevant information, please email us at info@bvicases.com.