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ARTICLE · 19 JULY 2021

Fintech 2021

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Appleby's recently published Q&A chapter in the International Comparative Legal Guides (ICLG) ‘Fintech 2021' edition offers a practical cross-border insight into fintech law for the British Virgin Islands.

British Virgin IslandsTechnology
Andrew Jowett
Andrew Jowett
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Appleby's recently published Q&A chapter in the International Comparative Legal Guides (ICLG) 'Fintech 2021' edition offers a practical cross-border insight into fintech law for the British Virgin Islands.

1. THE FINTECH LANDSCAPE

1.1: Please describe the types of fintech businesses that are active in your jurisdiction and the state of the development of the market, including in response to the COVID-19 pandemic. Are there any notable fintech innovation trends of the past year within particular sub-sectors (e.g. payments, asset management, peer-to-peer lending or investment, insurance and blockchain applications)?

  • The British Virgin Islands (BVI) is recognised across the globe as a leading offshore financial centre which, as at 31 December 2020, had over 366,000 registered companies. Based on the attractiveness of BVI vehicles for international businesses, asset holding and investments, there has been an increase in the use of BVI companies as holding and

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