The "BVI Advantage": A 2024 Perspective

Once upon a time, half way across the world and well over a decade ago, I gave my first client presentation on the merits of the BVI for cross border structuring to a roomful of bankers and onshore lawyers in Hong Kong. Various key factors had positioned the BVI as the world's offshore jurisdiction of choice driving tens of thousands of incorporations every year. Remarkably, whilst I have seen the legal and regulatory landscape shift considerably during my decade and a half of offshore practice, many of the old adages remain true and all remain as relevant today.

What perhaps merits deeper reflection, and what prompted me to revisit the ten things I love about the BVI in this article, is how the BVI Advantage has stood up to change in global regulatory norms, politics, policies and attitudes – as well as the ever-increasing roster of competitor offshore and midshore jurisdictions. Accordingly, it seemed an opportune time to reflect on what exactly the "BVI