British Virgin Islands office

The British Virgin Islands are located some 60 miles due east of Puerto Rico in the Eastern Caribbean. Miami and New York are under 3 and 4 hours away by air respectively. The main island and centre of the financial services industry is Tortola. As a British Overseas Territory, BVI successfully combines a politically stable and tax neutral environment with a proven legal and court system based on English common law, supplemented by modern and flexible legislation.

The British Virgin Islands are the leading centre for offshore incorporations hosting in excess of 460,000 companies. It is also one of the leading offshore jurisdictions for the incorporation of investment funds. Companies domiciled in the BVI frequently feature in the structures of overseas based corporations. There are close ties with Hong Kong and BVI companies are regularly reported as being leading investors in the People's Republic of China. BVI companies are often used as holding companies and as vehicles to facilitate joint ventures.

The Courts frequently see significant litigation which often involves remedies available under the insolvency regime provided by the Insolvency Act, 2003. There is no requirement for a company to have carried on business in the BVI or have any other connection with the jurisdiction other than its incorporation in order to be governed by BVI law.

With strong links to the Far East and Eastern Europe, the British Virgin Islands are a fast developing financial centre where Zolfo Cooper is ideally placed to service clients' needs.

Our service lines include:

  • Solvent and Insolvent liquidations
  • Court appointed receiverships
  • Administrative receiverships
  • Restructuring advice
  • Asset tracing
  • Litigation support and forensic investigations
  • Independent business reviews

From our base in the British Virgin Islands, our team also undertakes assignments in other islands in the Eastern Caribbean.