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BVI Finance: Best Offshore Financial Services Provider Global 2020
  • POST ON 1 Feb 2021

With over 350,000 active companies on its register, BVI Finance represents the financial services industry of the British Virgin Islands (BVI). The platform promotes the Caribbean archipelago globally through trade events and conferences, amongst others.

Enjoying a solid and long-standing reputation for regulatory innovation and excellence, the BVI boasts a business-friendly climate with a full ensemble of expert services offered by highly experienced professional practitioners. As such, the BVI offers the convenience of a ‘one-stop-shop’ unmatched by other international financial centres (IFCs).

BVI Finance emphasises the key role – not always recognised – of IFCs as purveyors of expertise on the near friction-free cross-border flow of investments. As the world struggles to emerge from the Corona Pandemic, well-established and reputable IFCs such as the British Virgin Island can provide a resilient and trusted foundation on which to build and rebuild businesses that seek to grow and diversify.

BVI Finance has been particularly active in Asia. About 40% of the companies registered in the islands are located in China, including Hong Kong and Macau. Over three-quarters of the companies included in Asia’s bellwether Hang Seng Index have direct links to the BVI.

BVI Finance has done a stellar job in drawing global attention to the Caribbean jurisdiction and its competitive advantages such as its legal system based on English common law, a regulatory framework that meets the highest international standards, and tax neutrality.

The CFI.co judging panel agrees that, as the post-pandemic recovery gathers steam, companies will need to unlock growth opportunities whilst mitigating risk. A trustworthy IFC such as the one found in the BVI can help – and work wonders. The judges declare BVI Finance winner of the 2020 Best Offshore Financial Services Provider Global Award.

Magazine Link: CFI.co Winter 2020-2021 | Capital Finance International