The British Virgin Islands is a group of 60 Caribbean islands. The closest country is Puerto Rico, only 60 miles to the east. The largest and most populated island is Tortola, which is also the business and commercial center. At present, this group of islands is a British colony. Britain appoints a Governor who is responsible for defense, internal security, external affairs, the civil service, the administration of the courts and finance. This group of islands is a very popular U.S. tourist destination and as with most of the Caribbean countries it has a wealth of recreational opportunities. Temperatures are warm year round and there are certainly no lack of beaches and sunshine.
The British Virgin Islands are quite stable both politically and economically. The official and only spoken language is English. The legal system is based on English Common Law, with local modifications. The official currency is the US dollar and there are no local exchange control regulations. The two main industries are tourism and offshore finance. This jurisdiction offers maximum security of assets, including the possibility to transfer domicile, abilities to transfer assets to another company, trust, association or partnership, and to merge with another British Virgin Island’s company or with a foreign corporation in another country.
The British Virgin Islands has a very strong banking system. All banks have to follow the Banking License Guidelines proposed by Britain.
This is a perfect jurisdiction for people who are looking to invest in a location that offers confidentiality and anonymity, since it offers non-residents complete privacy.
Steven Sears, Attorney and CPA offers Asset Protection and other services in Irvine, CA. For more information, visit: http://www.corpadvisor.com