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Benson Formations

British Virgin Islands as the Top Offshore Jurisdiction

According to the recently published Vistra 2030 Report ("Preparing for a New Era of Globalisation") the British Virgin Islands (BVI) maintains its position as the leading offshore jurisdiction. The report suggests that businesses and investors prefer established and proven jurisdictions, as evidenced by the BVI's consistent top rankings since 2010.

According to the recently published Vistra 2030 Report (“Preparing for a New Era of Globalisation“) the British Virgin Islands (BVI) maintains its position as the leading offshore jurisdiction. The report suggests that businesses and investors prefer established and proven jurisdictions, as evidenced by the BVI’s consistent top rankings since 2010. Mrs. Elise Donovan, CEO of BVI Finance, a government body, expressed satisfaction with the BVI’s reputation as a reliable intermediary for cross-border trade, investment and business. The report highlights the increasing complexity and potential volatility of the global business environment, noting that rules promoting openness may erode due to globalisation slowdown and protectionism. However, it also suggests that this will not hold on and global cooperation will regain momentum. 

The report emphasizes the importance of expertise from fund and corporate services providers in navigating the complex regulatory landscape and suggests that the sector will thrive by offering a wider range of services based on a global mindset. It aligns closely with another report commissioned by BVI Finance, which underscores the continued need for expert, neutral, and innovative centers like the BVI to support cross-border trade, investment, and mobility in an uncertain future.

Do you want to know more about doing business in BVI and setting up your company there? Drop us an email (office@bensonformations.com) or give us a call (+44 20 3974 1244) at any time. 

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