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   British Virgin Islands  维尔京群岛

 

British Virgin Islands (BVI), covering an area of only about 153 square kilometers, is a British overseas territory located in the Caribbean to the east of Puerto Rico and next to the U.S. Virgin Islands. [cfci.org.cn]

British Virgin Islands (BVI), covering an area of only about 153 square kilometers, is a British overseas territory located in the Caribbean to the east of Puerto Rico and next to the U.S. Virgin Islands. BVI's economy is one of the most stable and prosperous in the Caribbean. Since the introduction of the International Business Companies Act in 1984, BVI has quickly become one of the major offshore jurisdictions for individuals and international businesses.

Statistics show that BVI owns the largest number of offshore companies, with more than 40 percent of the world's total registered in its territory. About a quarter of the 800,000 BVI-registered offshore or stock-holding companies are from China, which include such business giants as China Mobile, China Unicom and China National Petroleum.

BVI's strengths lie in its secure and stable environment, competitive administration cost, tax exemption for international companies, exemption of capital gains, gift or wealth taxes, non-restrictions on stock transfer, and high confidentiality. According to the amended act in 2005, one can form an offshore company in BVI jurisdiction with a capital of US$50,000.

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