Folio Group - Offshore Fund Administration the Folio Group Hedge Fund Administrator Services BVI Offshore Corporate Services Offshore Captive Insurance Management

The British Virgin Islands (BVI)

The The British Virgin Islands (BVI) has over 3,400 Mutual Funds, many top auditing firms and a highly regulated and well respected Financial Services Commission. This makes the BVI a leader in the offshore finance world.

The British Virgin Islands (BVI) are an internally self-governing British Overseas Territory within the British Commonwealth and are located in the Caribbean 90 miles east of Puerto Rico. The BVI comprises approximately 60 islands and cays, many of which are uninhabited, that contain a total population of about 20,000.

The official language of government is English and the official currency of the BVI is the US Dollar. The legal system of the The British Virgin Islands (BVI) is based on English common law.

The islands have successfully established a thriving international business industry and have developed an expertise which entirely belies the size of the jurisdiction. In recent years, the mutual fund industry has grown extensively and the BVI has become a recognised and reputable center for public and private funds.

The The British Virgin Islands (BVI) is a premier jurisdiction for the establishment of mutual funds with over 3,400 currently licensed. This is in addition to the ½ million International Business Companies registered in the BVI.

The jurisdiction is represented by many top auditing firms and leading law practices in the establishment of mutual funds allowing Managers and Investors the comfort they desire.

In addition, the The British Virgin Islands (BVI) is headed by an excellent Financial Services Commission who are taking the legislation forward to meet the demands of the 21st Century (www.bvifsc.vg). The BVI is well respected by the offshore community as a safe and professional place of business, and is recognised as such by the OECD and FATF. All expatriates in the BVI working in Financial Services have to meet stringent standards by the Labour Department and, therefore, most are qualified Accountants, Lawyers, Bankers or Insurance Personnel from the United Kingdom, US, Canada and mainland Europe.