British Virgin Islands

The British Virgin Islands is the world's leading offshore corporate domicile. Made up of a group of islands located about 60 miles due east of Puerto Rico in the Caribbean, this British Overseas Territory has a long history of political stability and a well regulated financial services sector based on English Common Law. Its capital city, Road Town on the island of Tortola, is the home to over 700,000 (tax exempt) International Business Companies.

A progressive approach to legislative reform by the Government, combined with Crown dependency, has created a politically and economically stable jurisdiction. The BVI's government is committed to protecting and further enhancing the reputation of its finance industry and supporting the role it plays in the Islands' continued economic growth. The Islands have British Overseas Territory status and operate a system of Government based on the British Westminster Model with final right of appeal to the Privy Council in London.

The BVI's finance and tourism industries contribute substantially to its steadily growing economy, which also benefits from a low rate of interest that mirrors that of the United States. The Government operates prudent fiscal policies of expenditure control. The codification of modern banking, company, mutual fund, insurance and trust laws has created innovative, flexible, user-friendly legislation. The jurisdiction offers low incorporation fees for International Business Companies with tax exemption for companies, provided they have no BVI employees. There are no taxes on income, capital gains, gifts, wealth or any death duties.

JTC BVI is regulated by the BVI Financial Services Commission who is responsible for the regulation and supervision of the finance industry. Its role is to ensure that all legislation affecting the financial services industry is in the best interests of all concerned and members of the Commission therefore actively participate in relevant international lobby and discussion.