This month, the British Virgin Islands celebrate 30 years since the passing of its International Business Companies (IBC) Act. The success of the IBC Act has resulted in a thriving financial services industry in the BVI. More than one million companies have since been formed, incorporated or registered, with approximately half a million still active.
Since 1984, the BVI has developed into a reputable and responsive financial centre at the core of global trade. The BVI has evolved into a modern, forward-looking financial centre that has matured and garnered widespread international recognition. The jurisdiction has successfully combined local and overseas expertise, offering a diverse range of innovative, high-quality offshore services, products and professional services.
