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BRITISH
VIRGIN ISLANDS
Offshore Financial Center
The British Virgin Islands is an important offshore
financial center, known for its favorable regulatory and operations structure to
meet the needs of international financial markets.
An international center for the offshore International Business Company
(IBC) with over 300,000 companies registered, the BVI was an industry pioneer with
its widely imitated 1984 IBC Act.
With the political stability that comes with being a British Overseas
Territory, where the UK remains responsible for the courts and internal security as well
as defense and external affairs, the BVI is a mature, self-governing democracy, the only
such Overseas Territory in the Caribbean to have been given responsibility for managing
its own financial services industry.
Known for the quality of its services, with major international as well as
domestic law, accounting, banking, trust and insurance firms, the BVI system of Registered
Agents, with a code of conduct and licensure by the BVI Government, works to maintain the
integrity of its financial services industry.
Information Sources. The following links are a rich
source of information on the BVI as an offshore financial center together with the reasons
for its success.
To Offshore Ecommerce
Financial News:
Island Sun CHIEF MINISTER MEETS
WITH US CONGRESSIONAL STAFFERS RE: OECD
Island Sun Wall Street Journal
and European Policy Forum criticise OECD
Island Sun Congressional Black
Caucus protests OECD actions
Riser Report OEDC Update
Island Sun HILARY CLINTON
SUPPORTS CARIBBEAN IN DISPUTE WITH OECD BASSETERRE, ST. KITTS |
OECD Backs Down on Tax
Havens |
B-V-I Investment Guide 1/16/01: "Faced with a new unity and staunch opposition from offshore havens at a January
8-9 meeting in Barbados," the OECD backed down on the tax competition issue, after
the so-called offshore tax havens "complained that major OECD members, especially the
US and UK, are guilty of behavior far worse than they. . ."(see The
Riser Report OECD
Backs Off Ultra-Aggressive Stance Against Low Tax Countries and A Tale of Two Tax Havens for a U.S.
comparison).
B-V-I Investment Guide 9/11/00: Offshore Community
Responds to Tax Haven Threat. "Responses by the offshore
community, such as the Isle of Man, have been to eliminate the division into resident and
non-resident tax regimes, grant vital industries low or no tax exemptions instead of low
or no taxes, tax non-residents low rates on source income with liberal exemptions
(hopefully qualifying for tax treaty credits) and focus on attracting ecommerce with
related infrastructure improvements (see The Riser Report Offshore
Response to OECD-- .pdf
format)." From Components Online
"Tax Competition" as an Issue, International Taxation of Ecommerce |
Island Sun BVI PLAYS MAJOR ROLE
IN OECD NEGOTIATIONS
Island Sun Chief Minister
leaves for London
Island Sun Overseas
Territories Financial Services report to be Released in October
Island Sun C.M. off to London
for Financial Services Report
Island Sun Offshore
Financial Sector: BVI Attends Special Meeting On G-7 Initiatives
Island Sun It Is Not Business As
Usual, BVI Financial Services Director Robert Mathavious Says |
OEDC
Lists BVI as "Harmful" Tax Haven |
| B-V-I Investment Guide: Along with 35 other "offshore" countries claimed to provide improper
"tax competition," the BVI was listed on 6/26/00 as a "harmful" tax
haven by the OECD, the tax treaty organization led by the U.S., EC and their major trading
partners. If not delisted by July 2001, the OECD threatens various kinds of tax
retaliation. |
Island Sun Financial Services
Industry Continues To Be Bouyant
Riser Report Offshore
Mutual Fund Taxation & BVI "Letters of Wishes" Ordered Disclosed by Jersey
Court (.pdf format)
Island Sun KPMG Recognizes BVI
Efforts To Streamline Its Financial Regulatory System
Island Sun Financial Services
Report viewed as useful and positive for the BVI
Adkisson Analysis IRS
Goes After Holders of Offshore Credit Cards, Closely-Held Insurance Companies, Offshore
Trusts in Hot Water and Tax
Consequences of Foreign Mutual Fund Investing
Island Sun Overseas
Territories Financial Services report to be Released in October
Adkisson Analysis Offshore
Havens Pressured
Island Sun Registered Agents
Optimistic About Offshore Industry
Island Sun Offshore Sector Worried
About BVI Collapse
Island SunC.M. Defends BVI's
Position As Premier Financial Jurisdiction
Island Sun Offshore Financial
Jurisdictions Facing Multiple Attacks
Island Sun Financial Offshore
Industry & International Crime Discussed At UK/Caribbean Forum
Island Sun CEO Conference - Hon.
Fahie Talks About The Role Of The Small State In The Global Market
Island Sun Offshore Financial
Sector Is Hot Topic At Conference
Island Sun BVI Fights To Defend
Financial Services Industry
Island Sun Attorneys General meet
In BVI For 9th Ann. Conf.
Island Sun Insinger Director
Retires
Island Sun Realtors & Govt To
Discuss BVI Investment Climate
Adkisson Analysis Offshore Limited
Liability Companies
Island Sun C.M. Addresses
Association Of Registered Agents
Island Sun Government Hosts
Successful E-Commerce Seminar
Adkisson Analysis Offshore Asset Protection Trusts
Dead in U.S. after Anderson Case?
Island Sun BVI
Financial Services Sector to be Evaluated
Island Sun Chief Minister
Discusses Harmful Tax Competition
OECD Report
on Harmful Tax Competition: Strategic Implications for Caribbean Offshore Jurisdictions
International Counselor New British Virgin Islands Mutual Fund
Legislation
Island Sun BVI Hosts First
Caribbean Practical Due Diligence Symposium
Island Sun UK Move Scares
Dependent Territories Offshore Industry
BVI Government Financial News
Press Releases
B-V-I Guide Business NewsLinks
Financial NewsLinks
International Counselor News Link Archive
General Information:
The Adkisson Analysis Online Newsletter
Offshore Travel Links
Ernst & Young Why Choose the
BVI? Companies. Trusts.
Financial Times of London Front Page
Financial Information Net Directory Entry
Page
IFSIC Comparison of
Off-shore Jurisdictions - General and Trust IFSIC Comparison of Off-shore Jurisdictions - Private
Companies
IFSIC 1984 International
Business Companies (IBC) Act
BVI Government's Financial Services Department
has information about the following:
The information herein is presented
subject to these disclaimers. |
