ARTICLE · 14 DECEMBER 2010

BVI Economy

British Virgin Islands International Finance Centre

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The British Virgin Islands is a United Kingdom Overseas Territory located approximately 60 miles east of Puerto Rico in the Caribbean.

British Virgin IslandsWealth Management

Joycelyn Murraine

The British Virgin Islands is a United Kingdom Overseas Territory located approximately 60 miles east of Puerto Rico in the Caribbean. The principal islands are Tortola and Virgin Gorda. Road Town, located on the island of Tortola is the capital city and financial center of the BVI.

As a British Overseas Territory, the BVI is known as an Offshore Finance Centre (OFC) and offers all the security traditionally associated with the British flag. The territory is responsible for its own internal self-Government, and is governed by a democratically elected Legislative and Executive Council. Democratic elections are held at least once every four years. BVI Law is based on the British Legal System and English Common Law. There are no exchange controls and no restrictions on movement of currency.

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