ARTICLE · 18 AUGUST 2015

Islands In The (Work) Stream: The BVI In Asia

Maples Group

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The BVI is the world's largest off shore domicile for companies with over half a million active companies currently on its companies registry.

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WHILST THE BRITISH VIRGIN ISLANDS (BVI) HAS ALWAYS been regarded as an exceptionally safe, secure and stable environment from which companies and individuals can manage their worldwide financial concerns, the BVI found itself at the centre of a 'perfect storm' in recent years.

The Overseas Territories and Crown Dependencies of the United Kingdom (and the BVI in particular) were swept into a wave of negative publicity generated by media, major governments and nongovernmental organisations (NGOs) because of their 'off shore' status and the financial sector behind it. With this as a backdrop, British Prime Minister David Cameron announced the agenda for the 2013 G8 Summit titled 'Tax, Transparency and Trade'.

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