The sheer volume of active BVI Business Companies (over 400,000) 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 100,000. Companies that have been incorporated in other offshore jurisdictions may continue or migrate to the BVI. It's worth highlighting some popular reasons for doing so, correcting some common misconceptions and summarising the statutory process.
December 01 2009