A comprehensive report of UK consultancy Pragmatic Advisory commissioned by BVI Finance (‘Beyond Globalisation: The British Virgin Islands Contribution to Global Prosperity in an Uncertain World’ – https://bvifinance.vg/The-BVI-Advantage/Beyond-Globalisation) has assessed the role and highlighted the value of the British Virgin Islands (BVI) as a globally respected international business and financial centre.
According to the report there are over 375,000 active BVI Business Companies (with approx. 57% owners from Asia and 16% from Europe and North America) facilitating an estimated $1.4 trillion in cross-border trade and investment, supporting around 2.3 million jobs globally and generating $14bn each year in taxes for governments worldwide.
Hence, the report provides clear evidence that the BVI plays a key intermediary role in the global economy by facilitating investment, stimulating economic growth, creating jobs and providing governments with tax revenues. The facts prove that is it a well-regulated jurisdiction and it will remain an important international financial centre in foreseeable future irrespective of the form the globalisation will take.
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