BVI Companies and their Joint Venture Advantage

British Virgin Islands ("BVI") companies are well known for their flexibility and ease of use in international transactions. With an ever changing global economy, partnerships and joint venture arrangements between parties in different countries, continents and time zones have become the norm. In these situations, it is always important that the joint venture company used to carry out the joint venture project is able to be tailored to suit the needs and protect the interests of all the parties involved.

The BVI Business Companies Act, 2004 (the "Act") is the sole corporate statute in the BVI and regulates all BVI companies. The Act has some unique features which makes a BVI company well suited for a joint venture arrangement.