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ARTICLE · 11 SEPTEMBER 2020

How The BVI Leverages Technology In Creating An Efficient International Financial Centre (IFC)

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The BVI Business Company is widely used globally as the core of many corporate financing investment, asset holding and private wealth structures.

BermudaFinance and Banking

The BVI Business Company is widely used globally as the core of many corporate financing investment, asset holding and private wealth structures. As one of the world's leading offshore corporate domiciles, efficiency and transparency are important tools necessary for the BVI to maintain its position as a market leader for corporate vehicles and services.

Key contributors to this continued success are two of the most innovative and efficient electronic financial services systems, namely the BVI Registry of Corporate Affairs' Virtual Integrated Registry Regulatory General Information Network or “VIRRGIN" and the "BOSSs" (Beneficial Ownership Secure Search System).

In 2006, the British Virgin Islands Financial Services Commission (BVIFSC) launched an internet-based system, VIRRGIN, which allowed industry practitioners an electronic platform and mechanism for handling, processing and receiving corporate registry feedback on critical documents filed with the Registry

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