The British Virgin Islands (BVI) has a legal system that is based on the English Common Law. It provides therefore, like many other offshore centers, an ideal climate for company formations.
BVI is one of the oldest and most respected offshore financial centers in the world and is widely considered as a benchmark, which the other offshore tax havens strive to emulate.
Business entities in the BVI are not only easy to incorporate, they also benefit from a number of tax advantages. There is no corporate income tax, dividends, interest, rents, royalties, compensations, capital gains, estate, inheritance and succession of a BVI company.