The sheer volume of active BVI Business Companies (over
400,0001) is testament to the fact that no other
offshore jurisdiction offers a comparable corporate vehicle. The
combined number of active Cayman and Bermudan companies, for
example, is approximately 100,0002.
Companies that have been incorporated in other offshore
jurisdictions may 'continue' or 'migrate' to the
BVI. This article highlights some popular reasons for doing so,
corrects some common misconceptions, and summarises our statutory
process.
Why Migrate To The BVI
Companies often migrate to the BVI from other offshore
jurisdictions in order to take advantage of significantly lower
annual maintenance fees, the flexibility of the BVI's
legislation (which facilitates a wide range of corporate
transactions) and the BVI's superior global reputation in the
business world. It is not uncommon for multiple companies that have
been incorporated in a variety of other jurisdictions, but which
comprise a
