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A French journalist travels from Paris to visit the Caribbean hideaway that has become the favorite destination for Chinese offshore patrons. The sun is already high in the sky. The girls have taken up their overly strict hemlines.

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The British Virgin Islands BC's are fiercely competitive offshore formation vehicles due to the jurisdictions flexibility and modern financial regulations making the islands one of the most attractive options for registering an offshore company. An individual or company who wishes to form a registered company in the BVI must go so through a registered and licenced agent. The registered agent performs a due diligence and having satisfied all the requirements put forth by the Register, it will produce a certificate of incorporation.

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The islands are geographically part of the Virgin Islands archipelago and are located in the Leeward Islands of the Lesser Antilles. The islands had a population of about 28, at the Census, of whom approximately 23, lived on Tortola; [1] current estimates put the population at 35, July Although the territory is not part of the European Union and not directly subject to EU law, British Virgin Islanders are deemed to be citizens of the EU by virtue of their British citizenship.

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It replaced the extremely popular and highly successful International Business Companies Act. It came into force on 1 January The decision to replace the International Business Companies Act was driven by two things.

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Here you will find Information on the St. Thomas St. For more information on specific services, please contact the chamber directly.

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Tax advantages, however, are by no means the only benefit to registering an international business enterprise in a jurisdiction like British Virgin Islands. A typical modern offshore company is a private corporation which is exempt from tax, suitable for virtually any international business activity, has a flexible organizational structure, is not subject to excessive accounting and reporting requirements and maintains certain level of confidentiality with rather limited information available to general public. The BVI offers all of these benefits — and more.

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The BVI Business Company, governed by the BVI Business Companies Act, and its subsequent amendments, is a widely accepted corporate vehicle among international investment fund managers and investors for its administrative simplicity. The legislation is flexible, with the goal of enticing legitimate offshore activities, and keeping out money-laundering and other criminal activity. There is no single approach that can be applied to every business.

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The British Virgin Islands — a tax haven or not? Wikimedia Transparency and tax campaigners are clashing with officials from the British Virgin Islands BVI over a new report claiming the Caribbean islands are not a tax haven. The report, written by Capital Economics and commissioned by BVI Finance, which promotes the country's financial sector, said the islands are strong contributors to the global economy and help facilitate international trade and investment.

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Many of you have wondered about my limited posting here at Small Business Trends. Partly it was because I was away on a trip to the U. Virgin Islands.

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Thank you for your interest in registering a business entity in the United States Virgin Islands. All business entity registrations with the exception of Exempt Limited Liability Companies shall be submitted to office using its online system, Catalyst, at www. Lien records on file with the division include financing statements, notice of lien, and judgment liens.

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