Basel Group

Our Locations: BVI

First inhabited by Arawak and later by Carib Indians, the Virgin Islands were settled by the Dutch in 1648 and then annexed by the English in 1672. The islands were part of the British colony of the Leeward Islands from 1872-1960; they were granted autonomy in 1967.

In the mid-1980s, the government began offering offshore registration to companies wishing to incorporate in the islands, and incorporation fees now generate substantial revenues. Roughly 450,000 companies were on the offshore registry by year end 2007. The British Virgin Islands have enacted comprehensive trust law based on the English model and the adoption of a comprehensive insurance law in late 1994 made the British Virgin Islands even more attractive to international business. Because of traditionally close links with the US Virgin Islands, the British Virgin Islands has used the US dollar as its currency since 1959.

For more information on the services we can offer from the British Virgin Islands, please contact us.

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