The British Virgin Islands (BVI), a British Overseas Territory, is a group of about 40 islands and cays located approximately 60 miles East of Puerto Rico in the Caribbean Sea. The BVI has gained a reputation as the world's leading offshore corporate domicile. Combining a politically stable environment with a legislative framework developed in close consultation with the private sector, the BVI offers:
- One of the most popular and long established International Business Companies Acts in the world, with over 600,000 companies having been incorporated
- A zero tax rate, with no income, wealth, capital gains or estate tax for offshore entities
- Effective regulation
- A proven legal and court system based on the British legal system and English common law
- No exchange controls, with the US dollar being the legal tender
- Modern communications infrastructure and easy access through excellent flight connections
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