Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 30 JUNE 2023

Blockchain 2023 Guide – British Virgin Islands

Appleby
Appleby
Contributor
Appleby

Appleby

Appleby is a leading offshore law firm. The team of legal specialists advise global public and...

View firm profile
Explore more from Appleby

As one of the foremost offshore financial centres, the BVI is recognised across the globe as the premier jurisdiction for the registration of asset-holding companies.

British Virgin IslandsTechnology
Andrew Jowett
Andrew Jowett
Stuart Fee
Stuart Fee
Author LinkedIn connections

The guide provides the latest legal information on decentralised finance (DeFi), updates to tax systems to consider blockchain and cryptocurrencies, non-fungible tokens (NFTs), initial coin offerings (ICOs), smart contracts, data privacy and protection, and mining and staking.

1. BLOCKCHAIN MARKET AND BUSINESS MODEL OVERVIEW

1.1 EVOLUTION OF THE BLOCKCHAIN MARKET

As one of the foremost offshore financial centres, the BVI is recognised across the globe as the premier jurisdiction for the registration of asset-holding companies. The BVI is tax neutral with no direct taxation on companies and a nominal rate of income tax on individuals which has led to the BVI becoming an attractive destination for technology entrepreneurs.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

BMA Sets Out Phased Path To A Bermuda Insurance Resolution Regime

The Bermuda Monetary Authority has published a consultation paper outlining the first phase of a resolution regime for the commercial insurance sector, designed to align with international standards. The framework establishes the BMA as the Resolution Authority with five core objectives and defines which insurers will fall within scope. This phased approach raises important questions about governance, recovery planning, and the practical implications for domestic insurers and Internationally Active Insuranc
BermudaInsurance
Appleby
Appleby
Article

The Long Game: How Bermuda Became The World’s Life Reinsurance Capital

Bermuda has emerged as the dominant global hub for life and annuity reinsurance, now holding over $900 billion in US life and annuity liabilities and accounting for 84% of all US reserves ceded offshore. This analysis examines how the island's sophisticated regulatory framework, purpose-built infrastructure, and commercially engaged regulator have created a structural advantage that extends beyond its traditional catastrophe reinsurance roots into long-dated life business from the US, UK, and Asia.
BermudaInsurance
Appleby
Appleby